A friend of mine told me an interesting yet slightly worrying story last night. He was sitting in the Myramar shopping centre in Fuengirola having a coffee while waiting for a children’s party to end. On the table next to him was a young English couple discussing property in Fuengirola. They had clearly just spent Continue Reading
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Real-Estate in Spain “is stabilising”
According to the latest House Price Index from Tinsa, the price of housing in Spain increased by 1.3% in May, when compared to the same month in the previous year. From January to May the increase is 1.5%, slightly below the 1.9% registered for January to April, further confirming a stabilisation in the real-estate market. Continue Reading
BBVA Report Indicates Housing Recovery Continues
According to the latest Real Estate Flash Report from BBVA, despite a slow-down in house sales in March, the results from the first quarter of the year remain positive. Year-on-year, the first quarter closed with a 2.4% increase in property prices, a factor which the BBVA highlight as a confirmation of the recovery of the Continue Reading
Tourist Expenditure Increased in April
April was another great month for tourism in Spain with increases in both the total tourist spend and also the average daily spend. Tourists visiting Spain during April 2016 spent a total of 5,647 million Euros, representing an increase over the same month in 2015 of 4.3%. The average expenditure per person stood at 927 Continue Reading
Foreclosures Down 31.2% in First Quarter
Further to other data I have posted recently, the number of foreclosures has seen a significant fall in the first quarter of the year, adding to speculation that the property market recovery continues. The number of foreclosures on homes in Spain fell in Q1 by 31.2%, to stand at 6,118 actions, according to the latest Continue Reading
Resale Property Prices Fell 0.2% in May
The price of resale property in Spain fell by 0.2% during May, to stand at €1,537 p/m², according to the latest house price index from property portal Idealista. This figure represents the fourth consecutive month of falls, according to Idealistas figures, which, since February, has accumulated a decline close to 4%. For example, if the Continue Reading
Cost of Rental Property Increased in April
The cost of renting a property in Spain increased in April by 0.8% to end the month on an average cost per square metre of €7.29, according to data released by property portal, fotocasa. The annual increase, when compared to April 2015, is actually 4.5%, one of the sharpest rises of recent months. Beatriz Toribio, Continue Reading
Data Points to Continued Housing Recovery
The price of housing in Spain increased in the first quarter of the year by 2.4% year-on-year, to stand at 1,492.4 euros per m², according to data released by the Ministry of Public Works. Despite the increase, in real terms (after inflation) housing in Spain is still 34.4% below the peak prices reached pre-crisis in Continue Reading
Spain Received 6.1 Million Tourists in April
Spain continues to attract record numbers of tourists as the country begins to see signs of summer. Spain received over 6 million tourists in April, representing an increase of 11.3% over the same month in 2015, according to the latest data released by the National Institute of Statistics. As usual, UK travellers accounted for the Continue Reading
New Modern Development in La Cala de Mijas
At the heart of the Costa del Sol, on Mijas Costa, you will find the charming old fishing village of La Cala de Mijas, or simply La Cala as it is known by locals. Perfectly positioned for easy access to many coastal towns, La Cala is only 15 minutes from Marbella, and in the other Continue Reading
