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Spain Received 5.6 million Tourists in March Thu, 16 May 2019

Spain Received 5.6 million Tourists in March

Spain received 5.6 million international tourists in March, 4.7% more than the same month in 2018. According to the INE data, the UK was the main country of residence for March’s visitors. More than 1.1 million Brits arrived representing 19.7% of the total. However, the figure was 6.2% lower than in March last year. German Continue Reading

From Marbella For Sale Blog

Rental Costs Increased in First Quarter Mon, 13 May 2019

Rental Costs Increased in First Quarter

The average rental price in Spain increased 2.1% in the first quarter of 2019. In March, the average cost for renting a home was 8.47 euros p/m², according to data from fotocasa. “The average rental price continues to rise, but at a more moderate pace than what we were used to and with very different Continue Reading

From Marbella For Sale Blog

Average Used Property Prices Up in April Thu, 09 May 2019

Average Used Property Prices Up in April

According to pisos.com, the average price of second-hand housing in Spain was 1,715 euros per square metre in April. This represents an increase of 0.86% compared to March. With respect to April 2018, the annual variation is 9.08%. Last April the average price was 1,572 euros p/m². “House prices continue to move at a reasonable Continue Reading

From Marbella For Sale Blog

February Saw an Increase in Housing Mortgages Tue, 07 May 2019

February Saw an Increase in Housing Mortgages

In February, there were 31,018 new mortgages taken in Spain, 9.2% more than in the same month last year. The average amount of the new loans reached 123,911 euros, an increase of 2.9%, according to data from the INE. The value of all mortgages taken for property reached 6,804.3 million euros which is 31.2% more Continue Reading

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Impressive 56% Increase in Property Sales in Huelva Tue, 23 Apr 2019

huelva-56-percent-increase-in-property-sales

Many regions throughout Andalucía have seen a drop in property sales however this drop has not been universal. In actual fact one region in Spain is crushing its competitors and saw an increase in house sales from the previous year of 56% in February. The autonomous region which has seen this success is Huelva in Continue Reading

From Marbella For Sale Blog

Pace Slowing but Spanish Property is Still Selling Wed, 17 Apr 2019

Pace Slowing Still Property Sales

Statistics recently released indicate that in Spain the number of properties sold in January compared to last year only rose by a small amount. Indications from the Spanish Land Registrar show 42,850 properties were sold in the January this year, which is only marginally more than the 42,745 sold in January 2018. The smaller property Continue Reading

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Foreign Demand For Spanish Homes Maintains Growth Fri, 12 Apr 2019

Foreign Demand For Spanish Homes Maintains Growth

The total number of home sales registered in 2018 reached the highest level seen in the last 10 years, with 516,680 operations. This is according to a report from the College of Registrars. The figures represent an annual increase of 11.3%. The data also shows a stable distribution in relation to recent years, between used Continue Reading

From Marbella For Sale Blog

Quarter of Visitors to Andalucia Came From the UK Mon, 08 Apr 2019

Quarter of Visitors to Andalucia From UK

Spain has had a good start to the year in terms of tourism. Over 4 million international visitors came here in February, an increase of 3.8% over the same month last year. The UK was, as always, the main source of the visitors with 883,757 Brits making their way here. This represents 20.2% of the Continue Reading

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Second-Hand Housing Prices Up in Q1 Tue, 02 Apr 2019

House prices continue to rise

As the first quarter of 2019 has flown by in the blink of an eye, the price of housing has risen by 1.68%, when compared to the previous quarter. In March, the average price of second-hand housing stood at 1,700 euros per square metre. When compared to Q1 in 2018, the increase is more significant Continue Reading

From Marbella For Sale Blog

Significant Increase in New Mortgages in January Thu, 28 Mar 2019

January saw a 22.5% increase in new home loans

January saw 36,832 new mortgages approved for the purchase of a home. This is 22.5% more than last January, a significant increase, according to the INE. The average amount of capital borrowed was 121,036 euros, a slight drop of 0.7%. The total amount lent for home purchases reached 4,458 million euros, an annual increase of Continue Reading

From Marbella For Sale Blog