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Property Sales Continue to Increase Wed, 14 Nov 2018

Property Sales Continue to Increase

The number of properties transferred in the properties register in September was 147,377. This is a 7.7% increase when compared to the same month of 2017, according to data from the INE. In the case of property sales, the number of operations was 83,583, which is an annual increase of 11.6%. 88.1% of the properties Continue Reading

From Marbella For Sale Blog

New Properties are most expensive in Spain Fri, 09 Nov 2018

New properties are the most expensive in Spain

The most expensive second-hand properties in Spain are those under five years old, with an average price of €258,024. This is quite interesting given that in 2017, these properties were the cheapest with an average price of €175,625. This is a 47% increase in the price of new properties in only one year. In fact, Continue Reading

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Average house prices increased in September Fri, 09 Nov 2018

Apartment sales suffered a fall of 1.1%

The number of urban property sales in September reached 41,519, according to the General Council of Notaries. This represents a slight year-on-year increase of 0.2%. By type of housing, the sale of apartments showed an annual variation of -1.1%. This fall was attributed to a fall in the sale of new properties, given that the Continue Reading

From Marbella For Sale Blog

Brexit willl have “no affect” on Brits living in Spain Wed, 07 Nov 2018

Borrell said "Brexit will not affect" Brits in Spain

With the Brexit negotiations continuing into their third year it is no surprise that expats in Spain are concerned about what any final deal will mean for their rights here in Spain. But despite little attention from the British Government, a ray of light seems to have been thrown on the subject from a rather Continue Reading

From Marbella For Sale Blog

Used Property Prices Maintain Growth Mon, 05 Nov 2018

Used Property Prices Maintain Growth

Average property prices of second-hand housing in Spain in October 2018 reached 1,656 euros per square metre. This represents a small monthly increase of 0.21%, when compared to September. Looking at the annual variation, the increase is 6.03% over the price seen in October 2017 (1,562 euros/m²). “Everything points to prices maintaining their upward trend,” Continue Reading

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Almost 9m Tourists Visited in September Fri, 02 Nov 2018

15 million Brits have visited Spain this year

Spain received almost 9 million international tourists in September, a slight increase of 0.9% when compared to the same month in 2017. The UK was once again the main emitting country, with more than 2.1 million Brits heading this way. This represents 23.6% of the total, while being 3.1% fewer than visited in September 2017. Continue Reading

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Number of New Mortgages Up in August Wed, 31 Oct 2018

Number of New Mortgages Up in August

The number of new mortgages taken on homes in August was 28,755, which is 6.8% more than in August 2017. The average amount borrowed was 122,424 euros, representing an increase of 9.8%, according to figures from the INE. The total value of mortgages taken on all urban properties was a massive 5,440 million euros, 11% Continue Reading

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Luxury Property Stock Increasing Fri, 26 Oct 2018

Luxury property is gaining ground in Spain

The luxury housing market is currently in good condition. There are more luxury properties on the market today than over the previous three years. 2.36% of second-hand homes currently on the market have an advertised sales price of over one million euros. This percentage exceeds that recorded in 2017 (2.22%), 2016 (1.92%) and in 2015 Continue Reading

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Young People Struggling to Afford Rentals Tue, 23 Oct 2018

65% of young buyers are women

In 2017, 38% of young people (between 18 and 34 years old) were able to enter the housing market. In 2018, this has dropped to 29%, a 24% fall in one year. This is one of the main conclusions of a report from Fotocasa, “Young people and their relationship with housing 2017-2018“, which aims to Continue Reading

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More Buyers Taking a Mortgage Thu, 18 Oct 2018

More Buyers Taking a Mortgage

Over the last 12 months, the percentage of property buyers who needed a mortgage to purchase a home has increased form 71% in 2017, to 75% in 2018. 64% of those buyers were able to make their purchase with only a mortgage and their own savings, whereas 11% needed bank financing and family support. This Continue Reading

From Marbella For Sale Blog