Resale property prices in Spain fell by 1.3% in October to stand at an average of 1,513 euros p/m². When compared to October 2015 the variation is higher at -4.2%, according to the latest price index from idealista. Autonomous Communities The average price of used housing increased in only 2 of the 17 autonomous communities. Continue Reading
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Tourist Numbers Up in September
Spain saw a 10.2% increase in tourist numbers in September with 7.9 million international visitors, according to figures from the INE. The UK was the country of origin for the majority sending 2 million tourists to our fine shores. This represents 25.4% of the total and an increase of 12.8% when compared to September 2015. Continue Reading
Increase in New Mortgages in August
There were over 20,000 new mortgages taken out on property in Spain during August. This represents a 6.4% increase over the same month in 2015. When comparing to July the variation is +10.2%. This is the first time in five years that August has shown an increase over July. The average amount borrowed was 110,121 Continue Reading
Average Rental Costs Fell in Q3
The average price of rental housing in Spain fell by 2% in the third quarter. This places the average price per square metre at 7.26€ p/month according to the latest data from fotocasa. These figures from fotocasa are similar to those provided by idealista earlier this month. This quarterly fall is the sharpest decline since Continue Reading
Penthouse in Reserva de Marbella – Amazing Price!
This lovely penthouse apartment in Reserva de Marbella has 2 bedrooms and 2 bathrooms. It has a large (75m²) roof terrace which is very private and perfect for lazing in the sun. The apartment has a built area of 97m². It is new to the market but with a price of only 150,000€ it will Continue Reading
Sheikh Al-Thani Loses Port Contract
After many years of “will he or wont he”, it seems time has finally run out for Sheikh Abdullah Bin Nasser Al-Thani. Back in 2011, the successful businessman presented a plan to reform Marbella’s Puerto de la Bajadilla. The plan proposed a total redevelopment with an 84 million euro investment. The Sheikh, who also owns Continue Reading
Spanish Pay Most For Rent
The OECD (the Organisation for Economic Co-operation and Development) says Spanish families who rent their home spend a larger proportion of their income to pay the rent than any other country. According to the institution, 36% of Spanish families who rent have to spend two euros in five (40%) of their total household income to Continue Reading
Rental Property Prices Fell in Q3
The price of rental property in Spain has fallen by 3% during the third quarter, when compared to the previous quarter. When compared to the same period in 2015 the price has increased by 10.7%, according to data from idealista. Fernando Encinar from idealista Research said that the latest data highlights the direction taken by Continue Reading
Tourist Spending Increased in August
As mentioned in a previous article, Spain had a huge August in terms of tourism with over 10 million international visitors passing through. Those tourists spent more than they did in 2015 with an increase in total tourist spending of 3.8%. The total expenditure of tourists in August was 10,354 million euros, according to data Continue Reading
Home Sales Up 20% in August
The number of properties sold in August increased when compared to August 2015. This is according to the latest data from the National Statistics Institute. It further confirms the recovery of the real-estate market in Spain. The total number of properties sold in August was 69,409, representing annual growth of 13.8%. Of those, 87.1% related Continue Reading
