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Rental Costs Fell in August Wed, 26 Sep 2018

Rental Costs Fell in August

The average price of rental housing in Spain decreased by 2.2% in August, to stand at €7.89 per square metre, per month. This year-on-year decrease is the first fall in rental costs recorded since March 2015. Back then, average rental prices began to increase and recorded 41 consecutive months of increases. “This year-on-year fall in Continue Reading

From Marbella For Sale Blog

Passenger Numbers Break Records at Málaga Airport Thu, 20 Sep 2018

Passenger Numbers Break Records at Málaga Airport

Over the first eight months of this year, Malaga Airport has handled a massive 13 million passengers. This represents an increase of 1.3% when compared to the same period last year. The increase was driven largely by significant growth in domestic traffic which recorded double-digit growth. The number of flights also increased with 2% more Continue Reading

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Home Sales Increased in July Mon, 17 Sep 2018

The total number of properties transferred in the property registers in Spain in July was 169,683. This represents an increase of 14.5% when compared to the same month in the previous year, according to the latest data released by the INE. 87.8% of the purchases in July relate to urban property, while the remaining 12.2% Continue Reading

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Property Sees Ups and Downs in July Thu, 13 Sep 2018

Property Sees Ups and Downs in July

July has given with one hand and taken with the other, as far as the property market is concerned. According to the General College of Notaries, the number of property sales and the number of new mortgages increased, while the average price decreased. In July, over 52,000 home purchases were recorded (52,014). This represents a Continue Reading

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Property Prices Appear Stable in August Mon, 10 Sep 2018

Property Prices Appear Stable in August

Second hand property prices in Spain registered a slight increase in August, rising 0.4% to reach an average of 1,697 euros per square metre. Looking at the costs last August, the year-on-year increase is +9.2%, according to data from idealista. Property prices appear to have stablilised following years of significant increases. We are still seeing Continue Reading

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Spain Received 10 Million Tourists in July Fri, 07 Sep 2018

Spanish streets were filled in July

Despite a handful of scaremongering articles suggesting Spain’s tourism market is under threat, Spain dealt with 10 million international tourists in July, 4.9% less than in the same month last year, according to data from the INE. This is not a huge drop and is easily explained. For a few years, following terror attacks, Turkey, Continue Reading

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Home Mortgage Approvals Up 3.9% Mon, 03 Sep 2018

Home Mortgage Approvals Up 3.9%

There were 30,600 new home mortgages approved in June. This represents an increase of 3.9% when compared to June in the previous year. The average amount of the new mortgage loans was 123,896 euros, an increase of 5.1%, according to the latest figures from the INE. The total amount of capital loaned in June reached Continue Reading

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New Housing Stock Decreasing Thu, 30 Aug 2018

Unsold new stock is at pre-crisis levels

The number of unsold new housing stood at 476,938 units, at the end of 2017. This figure is not far from those seen before the bubble burst. In 2007, unsold stock amounted to 413,642. In 2016, the stock fell by 3%, and from the highs of 2009 (649,780 units), the stock has fallen by 26.6%, Continue Reading

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Unfurnished Rental Properties are 40% Cheaper Mon, 27 Aug 2018

More than 50% of rentals in Madrid are unfurnished

Properties in Spain that are on the rental market without furniture are, on average, 39.2% cheaper than those that are rented furnished. Nationally, less than one in three properties offered for rent are offered without furniture (30.6%). Within that 30.6%, there are two groups: 21.4% are offered with a fitted kitchen (refrigerator, washing machine, oven/hobs), Continue Reading

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Spain’s Housing Stock is Getting Old Thu, 23 Aug 2018

Average property age in Spain is 45 years

Second-hand housing for sale in Spain has an average age of 45 years, according to a study carried out by idealista. Rental properties currently on offer are slightly younger at an average of 44 years old. However, the differences in property ages in different provincial capitals are notable. This can be said of both sale Continue Reading

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