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Used Housing Prices Increased in June Fri, 20 Jul 2018

Prices fell in eight communities in June

The price of second-hand housing in Spain registered an increase of 1.1% during June, bringing the average per square metre to 1,664 euros. When compared to the same month in 2017 (1,554 euros), the year-on-year increase is 7.1%, according to the latest data from idealista. Autonomous Communities Prices fell in eight communities in June. The Continue Reading

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Spain’s Housing Stock Increasing Tue, 17 Jul 2018

Spain's Property Stock Increasing

In 2017, there were 26,645,100 registered homes in Spain, 0.23% more than in 2016, the largest increase since 2013. Thus, in one year the housing stock has increased by more than 58,000 properties, according to data from the Ministry of Development. Andalusia was the community with the most stock, with a total of 4,422,047 registered Continue Reading

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Home Sales Increase 4.7% in May Thu, 12 Jul 2018

Sales of new homes increased by 9.2%

The number of transferred properties written in the property registers (from public deeds) in the month of May is 183,748, which represents a 9.8% increase over the same month of 2017. Of the total transfers, 93,366 were property sales, representing an annual increase of 4.1%, according to the latest figures from the INE. Nicolas de Continue Reading

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Eight Million Tourists Chose Spain in May Mon, 09 Jul 2018

May saw a 1% annual increase in international visitors

Spain received 8.1 million international tourists in May, 1% more than in the same month of 2017, according to figures from the INE. The UK was the main country of residence for almost 2 million of those visitors, representing 24.6% of the total, but falling by 3.9%, when compared to May last year. Germany and Continue Reading

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Used House Prices Up 2.7% in Second Quarter Fri, 06 Jul 2018

Compared to Q2 2017, the increase is 7%

Second-hand house prices in Spain increased 2.7% during the second quarter of 2018. This rise puts the average cost of a square metre at 1,644 euros, according to the latest figures from idealista. Looking at the annual variation, the increase is 7%. Madrid, Barcelona and the Islands lead the ranking. “The recovery of the economy Continue Reading

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Number of New Mortgages Increased in April Mon, 02 Jul 2018

New mortgages up 34.2% in April

There were 27,724 new mortgages for home purchases in April, 34.2% more than in the same month of the previous year. The average amount of the new mortgages was 123,256 euros, according to the latest figures from the INE. The average amount showed an increase of 9.1%. when compared to April 2017. Compared to the Continue Reading

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House Prices Much Higher Than Buyer Budgets Thu, 28 Jun 2018

Buyer budgets falling short of prices

The average Spanish property buyer has a budget of 166,000 euros, a figure that falls short of the average house price in Spain, which is currently 241,145 euros. This means there is a 69% gap making it hard for Spaniards to get on the property ladder. The average Spanish buyer is looking for a property Continue Reading

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The Cost of Renting a Home Fell in May Mon, 25 Jun 2018

Prices grew 8% in the Canary Islands

The average price of renting a home in Spain decreased by 1.1% in May to stand at €8.44 p/m² per month, according to data from fotocasa. On a monthly basis, rental costs increased in eight communities and decreased in nine. The highest monthly increase was recorded in Murcia (+2.6%), followed by the Canary Islands (+1.1%) Continue Reading

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Brexit Fear Abating Amongst British Buyers Thu, 21 Jun 2018

Still a large expat communityin Spain

Spain is still the preferred destination for British people looking to purchase a home abroad, according to idealista. After the uncertainty of Brexit took its initial toll on sales across the country, it seems the fear is abating amongst potential British buyers. Property developer Taylor Wimpey say reservations on the Costa del Sol, up to Continue Reading

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May Saw Passenger Increase at Malaga Airport Mon, 18 Jun 2018

May saw passenger increase at Malaga

Despite a delay in the arrival of spring, Spain is still attracting visitors and the Costa del Sol remains as one of the busiest parts of the country. As such, almost 2 million passengers passed through Málaga-Costa del Sol Airport in May. A massive 1,830,000 passengers moved on almost 13,200 flights. These figures represent an Continue Reading

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