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Foreign Buyers Prefer the Islands Thu, 22 Aug 2019

Spain's Islands are most popular with foreigners

The Balearic Islands, the Canary Islands and the Valencian Community are the most popular regions of Spain for foreign property buyers. Autonomous communities with high tourist density, islands and Mediterranean coastal areas, lead the demand for housing purchases by foreigners. In the Balearic and Canary Islands foreigners made 27.4% of the home purchases in each Continue Reading

From Marbella For Sale Blog

Home Sales Slump in June Mon, 19 Aug 2019

Home Sales Slump in June

In June, there was 46,527 transactions involving the sale/purchase of housing in Spain, an annual fall of 18.9%. The average price per square metre of homes sold in June was €1,435, an annual increase of 1%, according to data from the Council of Notaries. The fall in sales was mainly due to a large fall Continue Reading

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Spain Saw an Increase in Tourism in June Wed, 14 Aug 2019

Spain Saw an Increase in Tourism in June

Spain’s economy received a boost in June thanks to a 3.2% increase in international tourists, with 8.8 million visitors. The UK was once again the main source of these visitors with almost 2.1 million Brits choosing to visit Spain. This represents a massive 23.3% of the total tourists received in June, and is 5.3% more Continue Reading

From Marbella For Sale Blog

Home Sales Slowed Across Spain in June Mon, 12 Aug 2019

Home Sales Slowed Across Spain in June

In June, there were 81,218 property sales recorded in the property registers, 7.7% less than in the same month last year. 86.9% of the sales were for urban properties, with 13.1% being rural. In the case of urban, 58.1% were home sales. The number of rural property sales fell by 10.7% in June on the Continue Reading

From Marbella For Sale Blog

Tourist Property is Cheaper This Year Thu, 08 Aug 2019

Tourist Property is Cheaper This Year

Tourist property is getting cheaper, according to a study of occupancy and prices carried out by Rentalia. The average price being advertised for a tourist property less than 15km from a Spanish beach in August is only 29.6 euros per person per night. This represents a 5% drop when compared to the same month in Continue Reading

From Marbella For Sale Blog

Another Busy Year at Malaga Airport Mon, 05 Aug 2019

Another Busy Year at Malaga Aiport

Malaga airport is having another great year closing the first half with a 6.4% increase in passengers and 5.3% more flights than in the same period of 2018. In June alone, more than 2 million travellers moved through the airport on 14,500 flights (+4.6%), according to airport operator AENA. Jan to June Between January and Continue Reading

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Coastal Property Prices Still Increasing Wed, 31 Jul 2019

Coastal Property Prices Still Increasing

The price of homes along the Spanish coast grew by 5.7% during the last 12 months, reaching an average cost per square metre of 1,727 euros, according to a report from idealista. The price of coastal homes on the Costa del Sol grew the most with an increase of 9.9%. In 2018, a Costa del Continue Reading

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Home Mortgage Borrowing Up 16% Mon, 29 Jul 2019

Home Mortgage Borrowing Up 16%

In May this year there were 34,883 new mortgages registered for housing purchases in Spain, 11.2% more year-on-year. The total borrowed capital for the new home loans reached a massive 4,330.1 million euros, an annual increase of 16.8%, according to data from the INE. Interest Rates Looking at all new mortgages taken in May, the Continue Reading

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High Demand for Housing in Andalusia Wed, 24 Jul 2019

Home Mortgage Borrowing Up 16%

Over the last 12 months, demand for housing in Andalusia has increased by 20%, according to a report by fotocasa. In 2019 up to 28% of those over 18 years of age living in Spain have taken action related to the purchase or rental of a property in Spain. This is 22% higher than the Continue Reading

From Marbella For Sale Blog

Property Sales Up Slightly in May Thu, 18 Jul 2019

Brits made up 14.75% of foreign sales

There were 191,875 property transfers in May, which is 4.4% higher than in the same month last year. This is according to the latest data from the INE. In the case sales of properties in the property registers, there were 96,186, an annual increase of 3.1%. 85.9% of the sales in May correspond to urban Continue Reading

From Marbella For Sale Blog