The National Institute of Statistics (INE) have released data detailing new mortgage lending in March 2016 and it shows that there were 14.5% more mortgage approvals than in the same month in 2015. When looking at the total of all mortgages approved, the average amount increased by 1.7% over the same month in 2015, to Continue Reading
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Overnight Hotel Stays Increased in April
April saw 23.3 million overnight stays registered in Spain’s hotels, representing a 1.3% increase over the same period in 2015. Cumulatively, for the first quarter of 2016 the number of overnight stays has increased by 9.3%, when compared to Q1 2015. Spanish residents seemed to favour staying home, or in other types of accommodation, as Continue Reading
Marbella Property Remains Popular
The property market on the Mediterranean Coast continues to attract foreign buyers, especially in glitzy Marbella. The town’s location between the sea and the mountains gives it a micro-climate unlike the rest of the country, and along with its numerous golf courses, hotels and beaches, the area remains popular. The reappearance of cranes on the Continue Reading
Resale Property Prices Fell Slightly in April
The average price of resale property in Spain fell by 0.2% in April, when compared to the previous month. The average price per square metre now stands at 1,624 Euros, according to data released by property portal fotocasa. This is slightly different to the figures released by Tinsa last week but the gap between the Continue Reading
Mortgage Approvals Increased in March
Following a great start to the year in terms of the number of property sales, mortgage statistics released today further demonstrate the improvements we are seeing in the Spanish property market. Cinco Dias reported that 46.7% of property purchases in March required external financing, an increase of 61% from the low that was seen in Continue Reading
Costa del Sol Expecting a Record Summer
The Costa del Sol is expecting to increase its summer trade by 12% this year, roughly the same percentage increase seen during the winter of 2015/16. Tourism Costa del Sol president, Elias Bendodo, said in a press conference that he expects “a historically high season following the magnificent results of last winter.” Malaga-Costa del Sol Continue Reading
Sales to Foreign Buyers Increased in Q1
The number of foreigners purchasing property in Spain continues to increase, as confirmed in data released by numerous agencies, including the General Council of Notaries and the Association of Registrars. During the first quarter of 2016, demand from foreign buyers has continued to grow despite the slight overall decline, with foreign money accounting for 12.93% Continue Reading
Only 3,000 Holiday Rental Properties Registered
Two days ago, on May 11th, the new regulations regarding compulsory registration of a short-term rental property came into force. From now on, every property owner who rents out their property on a short-term, or holiday, basis has to register their property and also ensure it complies with the regulations. So far, only 3,000 properties Continue Reading
Spain’s Airports Received 18 million Passengers in April
Spain’s airports recorded an increase in traffic of 7.1% in April, when compared to the same month in the previous year, reaching a total of 18 million passengers, according to data released by Aena. Flights to Spain continue to be popular as the cost of fuel remains low, and the instability of other tourist destinations Continue Reading
