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Sales of New Homes Increased in January Wed, 20 Mar 2019

Sales of New Homes Increased in January

The total number of property sales/purchases in the property registers in January was 198,298, 10.6% more than in the same month of 2018, according to data from the INE. 85.7% of purchases registered in January correspond to urban property, and 14.3% rural. In the case of urban properties, 56.5% were home sales. The number of Continue Reading

From Marbella For Sale Blog

Property Prices Up 2.6% in January Mon, 18 Mar 2019

The average home loan in January was €135,616

Purchases and sales of homes reached 40,388 transactions in January, a slight year-on-year increase of 0.3%, according to the General Council of Notaries. By type of housing, the sale of apartments showed a year-on-year fall of 1.3%. Meanwhile, transactions for second-hand homes fell by 1.5%, while sales of new property increased by 0.1%. The sale Continue Reading

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2018 Home Sales Figures Highest in 11 Years Wed, 13 Mar 2019

Home sales increased 9.3% in 2018

The number of home sales seen in 2018 was the highest number since 2007. According to Fomento, 581,793 homes were sold, a 9.3% increase compared to 2017. However, despite the most positive data in 11 years, the increase was the lowest since the end of the crisis confirming a slowdown in the residential market. The Continue Reading

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New Rental Decree Good For Tenants Mon, 11 Mar 2019

Contracts will now default to 5 years

The Spanish Government have approved the new rental decree, following the failed attempt which was overturned by Congress in December. The decree went into effect on Wednesday, five days after receiving cabinet approval. At a time when affordable rental properties are becoming scarce, the decree from Pedro Sánchez’s government aims to add protection for tenants Continue Reading

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Number of Tourists Increase in January Thu, 07 Mar 2019

Tourism increased again in January

Spain received 4.2 million international tourists in January, 2.2% more than in the same month of the previous year. The UK was the main source of tourists, with 807,347 travellers visiting Spain in January. This represents 19.2% of the total tourists and is an annual increase of 1%, according to data from the INE. German Continue Reading

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Second Hand Housing Prices Rise in February Tue, 05 Mar 2019

Second Hand Housing Prices Rise in February

The average price of second-hand housing in Spain stood at €1,887 p/m² in February. This represents an increase of 0.6% when compared to January. The slight monthly increase continues the tone seen throughout last year. The sharpest increase of the last 12 months was from April to May 2018, when prices increased 1.3%. Looking at Continue Reading

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Spanish Property Maintains Foreign Interest Fri, 01 Mar 2019

Brits made up 14.75% of foreign sales

International buyers continue to see Spain as a safe place for their investments. According to an analysis of the data of the latest Yearbook of the College of Registrars of Spain conducted by Sonneil, 2018 saw record sales of homes to foreign buyers with a total of 65,295 operations. This is 11% more than in Continue Reading

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Rental Prices Fell Slightly In January Mon, 25 Feb 2019

Rental prices fell slightly in January

The price of rental housing in Spain registered a slight drop of 0.7% in January, when compared to January of the previous year. This is only the second decline in rental prices since March 2015. In fact, except for two slight falls, we have seen 47 consecutive months of increases in rental prices. “After almost Continue Reading

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Tenants Struggle to Meet Rental Costs Thu, 21 Feb 2019

Tenants Struggle to Meet Rental Costs

The gap between tenant budgets and rental prices is growing, according to a report from property portal pisos.com. The gap between supply and demand grew to 147 euros in 2018, a massive 68% increase when compared to 2017. This means tenants are looking at paying 1,764 euros per year more than they can afford. This Continue Reading

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Luxury Property Price Growth Slows Mon, 18 Feb 2019

luxury property price growth slows

The average price of luxury housing in Spain increased by 3% year-on-year in 2018, according to a report from property portal idealista. The average price reached 6,800 euros per square metre at the end of the year. Although it increased, it did so more moderately than we’ve seen over the previous two years. In 2017 Continue Reading

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