Here you will find news, views, events and information relating to real-estate in Spain.
February saw a total of 38,176 property sales/purchases, representing a year-on-year increase of 9.9%. By type of housing, the sale of flats showed an annual increase of 12.9%. The increase was lead mainly by the increase in sales of resale properties (+14.5%). In contrast, the number of new properties sold decreased by 1.7%, year-on-year. Single Continue Reading
Somehow, we are already into the second quarter of 2017 and resale property prices in Spain marked the end of Q1 with a decline of 2.2%. This leaves the average price of a square metre of property at 1,513 Euros. The annual variation is -2.5%, according to the latest data from idealista. Fernando Encinar, head Continue Reading
Rental costs in Spain have dropped by an average of €188 since the maximum was recorded in May 2007, according to the latest analysis by real-estate portal fotocasa. Back in 2007 the average cost to rent a home in Spain was €810 (€10.12 / m²) for a property of 80m², while in February this year Continue Reading
Marbella’s new luxury hotel has taken a step closer. The mayor, José Bernal, and Minister for Tourism, Javier Porcuna, attended the signing of the agreement between Platinum Estates and the hotel group Marriott International Inc. for the development of W Hotels Marbella. Platinum Estates already own several successful hotels around the world which are managed Continue Reading
The average price of urban land increased by 13% year-on-year in the fourth quarter of 2016, to close the year at an average of 171.7 euros per square metre. The highest average price was recorded in Madrid where a square metre of urban land will set you back 470.1 euros/m². Barcelona and the Balearic Islands Continue Reading
Malaga-Costa del Sol Airport recorded 15.1% more passengers in February, and 16.4% more flight operations than in the same month of 2016, according to airport network AENA. February saw 914,921 passengers travel on 7,364 flights, exceeding last February despite there being only 28 days in the month this year. The bulk of passengers travelled on Continue Reading
The last ten years has seen the price of second-hand housing in Spain fall by an average of 103,294 euros, since the peak of April 2007. Back before the global financial crisis, the average price for a property of 80 square metres was 236,174 euros (2,952 euros/m²), but by February 2017 that price has fallen Continue Reading
Resale property prices in Spain registered a slight fall in February. The average price stands at 1,497 euros per square metre, a fall of 0.7% when compared to January. When compared to February 2016, the interannual variation is -5.4%, according to data released by idealista. Autonomous Communities February saw the price of resale property increase Continue Reading
The purchase of housing in Spain by foreigners continues to gain weight, according to data from property registrars. However, the results of the Brexit referendum appear to have reduced the number of sales to British buyers. In 2016, foreigners acquired more than 53,000 homes, representing the highest figure in the historical series (starting in 2006), Continue Reading
Rental costs in Spain increased by 1.7% in January to stand at an average of 7.61 € per square metre per month. This is the largest monthly increase since December 2007 when prices increased by 1.8% over the previous month. Additionally, year-on-year the price of rental housing has increased by 7.9% when compared to January Continue Reading
