Here you will find news, views, events and information relating to real-estate in Spain.

Spanish Home Sales Up 9.2% in December

10.7% increase in home sales in Andalucia
10.7% increase in home sales in Andalucia

10.7% increase in home sales in Andalucia

The number of properties transferred in the national property registers in December was 125,263, 1.9% more than the previous December.

Of those transfers, the total number of sales/purchases was 64,135, representing an annual increase of 4.1%.

85% of those properties were urban, while the remaining 15% were rural properties. In the case of urban properties, 59.1% were homes, according to the latest figures from the INE.

The number of rural property purchases fell by 5.5% in December, on the annual rate. The number of urban properties sold increased by 6%. Within the latter, home sales recorded an annual increase of 9.2%.

Results by Autonomous Communities

In December, the total number of transferred properties registered in the property registers per 100,000 inhabitants reached its highest values in La Rioja (538), Castilla y León (521) and Aragón (510).

Asturias (17.0%), Valencia (9.5%) and La Rioja (8.0%) recorded the highest annual variation rates.

The Canary Islands (-10.0%), Catalonia (-9.0%) and the Basque Country (-6.5%) show the biggest falls.

Regarding the sale of homes, the communities with the highest number of transactions per 100,000 inhabitants were Valencia (127), the Balearic Islands (117) and Andalusia (95).

The communities with the highest annual variation rates in the number of home sales were Castilla-La Mancha (44.4%), Aragón (32.5%) and Asturias (31.0%).

On the other hand, La Rioja (-17.5%), the Balearic Islands (-8.3%) and Catalonia (-5.7%) registered negative rates.

In Andalusia, there were 6,287 home sales in December, an annual increase of 10.7%. This was the highest number of sales of any of the autonomous communities

2017 Summary

According to the INE data, during 2017 there were 1,787,776 property transfers registered in the property registers, which represented an increase of 5.9% over 2016. Sales and purchases accounted for 933,104 transactions, an increase of 12.7%.

85.8% of the purchases registered in 2017 corresponded to urban property, and 14.2% to rustic. In the case of urban properties, 58.0% were home purchases.

Purchases of rural properties increased by 5.6%, while urban sales increased by 13.9%. Within urban, home sales increased by 14.6%.

Results by Autonomous Communities

The total number of properties transferred per 100,000 inhabitants reached its highest in La Rioja (7,875), Castilla y León (7,178) and Aragón (7,160).

Galicia (14.6%), the Balearic Islands (13.8%) and Madrid (13.4%) registered the highest variation rates in 2017. Aragón (-1.0%), the Basque Country (-0.6%) and Extremadura (0.3%) had the lowest annual rates.

Looking only at the sale of homes, the communities with the highest number of transactions per 100,000 inhabitants in 2017 were Valencia (1,753), the Balearic Islands (1,717) and Madrid (1,375).

The number of home sales increased in all communities. Castilla-La Mancha (24.7%), Madrid (18.9%) and Valencia (18.1%) recorded the greatest increases. On the other hand, the Basque Country (5.4%), Galicia (8.7%) and Extremadura (10.0%) recorded the smallest increases.

Andalusia also beat the other communities in terms of the number of home sales throughout 2017, with 89,337 transactions. This represents an increase of 12.6%, when compared to 2016. There were 1,356 sales per 100,000 inhabitants, placing it just behind Madrid.

The annual increase in home sales (14.6%) was the highest increase recorded since 2008. Beatriz Toribio, from fotocasa research, says “this is the fourth year that we closed with positive rates, which confirms the recovery of the real estate market after the strong adjustment experienced during the crisis.” The year-on-year increase in 2017 is higher than the 13.6% registered in 2016, as well as the 11.5% in 2015 and, much higher than the 2.2% recorded in 2014.

Toribio adds that the INE data for the year as a whole shows “a very positive picture for the country as a whole” and that “the recovery has been extended to all the autonomous communities, albeit with different intensity.”

Another positive fact, according to Toribio, is that the purchase of new construction homes grew by 10.8% year-on-year, an increase that stands out with respect to the falls of the last three years. “In 2018 we will see a greater role for new housing which will translate into a greater number of transactions. Everything seems to indicate that in 2018 we will surpass 500,000 sales operations,” Toribio concluded.


A Busy Start To 2018 for Málaga Airport

Malaga airport saw 7.8% increase in passengers
Málaga airport saw 7.8% increase in passengers

Málaga airport saw 7.8% increase in passengers

Málaga-Costa del Sol Airport started 2018 with a 7.8% increase in passenger numbers. There was also a 6.8% increase in flight operations, when compared to January 2017. Specifically, there were 935,155 travellers distributed over 7,785 flights, according to the latest figures from airport operator AENA.

The bulk of passengers (929,163) counted in January moved on commercial flights. Of these, the vast majority (752,675) were on international flights. This represents an increase of 5.7%, when compared to January last year. The number of international flights increased by 1.4% (5,482 flights).

The remaining 176,488 passengers flew between Spanish cities, which contributed to an increase in domestic passenger numbers of 15.4%. The volume of domestic flights increased by a massive 25.5%.

The United Kingdom remained at the forefront as the main destination/source of passengers passing through Málaga Airport. 235,265 travellers were either coming from or going to the UK. The next most popular destination/source was Germany (76,051), followed by the Netherlands (65,346).

Peak Times

The first weekend of the year was the busiest of the month, with the largest influx of flights coinciding with the largest number of passengers. On the Three Kings holiday (Saturday, January 6th), 43,391 passengers passed through Málaga Airport. A day later, on Sunday 7th, the airport handled 344 landings and take-offs.

With 2017 breaking all the airports records, any increase in numbers is likely to signify another record-breaking year for the Costa del Sol’s busiest airport.

However, as tourism commentators are suggesting, destinations like Turkey and Egypt, which have recently been avoided by tourists in the wake of terrorist attacks, are looking stronger this year with many holiday operators pushing the countries with low-priced deals. Add this to the anti-tourist protests on Spanish islands like Majorca, and perhaps this year will not be as busy as the last.


Majority of Bank Stock is Small and Out of Town

Banks are selling of their stock
Banks are selling of their stock

Banks are selling of their stock across Spain

Since the financial crisis, many properties were taken back by the banks as owners struggled to keep up with their repayments. Today, a lot of bank stock is on the market, many thousands of properties, at prices well below market-value as the financial institutions that caused the crisis with their irresponsible lending attempt to claw back some of their losses.

So, are bank repossessions a good buy? Property portal idealista has analysed thousands of bank owned properties to see what you are likely to get.


The majority of bank owned properties appear to be in small to mid-sized towns around the country. In fact, 53% of bank-owned properties currently being marketed for sale are in towns with a population below 20,000. Only 13% are found in provincial capitals.

  • 5% is located in towns of less than 1,000 people
  • 17% is located in towns of between 1,000 and 5,000 inhabitants
  • 31% of bank-owned properties are in towns with a population between 5,000 and 20,000
  • 19% can be found in towns with a population between 20,000 and 50,000
  • 11% of bank stock is in towns with a population above 50,000 but below 100,000
  • 13% is found within towns with between 100,000 and 500,000 inhabitants

The remaining 4% can be found in larger cities with populations above half a million.

Murcia is the province with the most bank stock on the market in relation to the total number of properties currently for sale. 13.7% of all homes sold in the region are sold by banks. Other areas where more than 10% of stock is bank owned include: Toledo (12.8%), Almería (12.1%), Castellón (12%), Lleida (11.4%) and La Rioja (11%).

Provinces where less than 10% of property for sale in bank owned include: Lugo (8.7% of the stock), Tarragona (8.1%), Valladolid (7.9%), Zaragoza (7.8%), Huelva (7.5%).

In the province of Barcelona, 3.2% of the stock of available homes is bank-owned, while in Madrid it stands at 2.2%. The 3 Basque provinces are the territories in which the ratio is lowest, with only 1% of all housing on the market in Guipúzcoa and Vizcaya belonging to a financial institution, and 1.1% in Álava.


Of all the bank stock currently being marketed, 63% is on sale below 100,000€. A further 22% is on the market for between 100,000 and 150,000€. Property on the market for between 150,000 and 200,000 accounts for 8% of bank stock. Only 5% of their properties are up for sale for between 200,000 and 300,000€. Only 2% have a value of more than 300,000€.


The most common size amongst bank-owned properties for sale is between 80m² and 100m², making up 25% of the total bank stock. Also at 25% are those properties with an area of 100m² to 140m². Properties with an area of between 60m² and 80m² account for 24% of the stock. Properties smaller than 60m² make up 10%. 9% have an area from 140m² to 200m², while those with an area above 200m² account for 8% of the total bank stock.


In summary, you are not going to find a super-huge-luxury-apartment in the middle of Málaga for a bargain price. The majority of bank stock is small-to-average with more than half of it having an area under 100m², and most of it is out of the main population areas.

Don’t be put off though. The properties are usually well below market value and some are also quite new. There are, however, many dilapidated properties and many in need of serious reform. Be sure you know what you are looking at before making an offer and make sure you get the chance to visit the property first, something that is not always possible with auctions, for example.


4 Million Tourists Visited Spain in December

Spain isn't just for sunbathing!
Tourists come to Spain not just for sunbathing!

Spain isn’t just for sunbathing!

Despite the winter weather, Spain still managed to attract over four million international tourists in December, 0.2% less than in the same month in 2016.

As usual, the UK was the main emitting country, with over 800,000 Brits choosing Spain for their winter vacation. Brits made up 20.4% of the total, 7.6% less when compared to December 2016, according to data from the INE.

France and Germany were next with a little over half a million French and a little under half a million German visitors. There was a fall of 9% in the number of French visitors, while the number of Germans increased by 5.4%.

Amongst other emitting countries worthy of mention are Belgium, Portugal and Russia. There was an increase in visitors from all three countries; +19.8%, +17.4% and +13.3%, respectively.

Main Destination

The Canary Islands took the lion’s share of visitors in December with 31.6% of the total. Catalonia and Andalusia were next with 20.7% and 12.7% of the total, respectively.

Over 1.3 million visitors landed in the Canary Islands in December, 0.5% more than last year. The main emitting countries for those tourists was the UK (33.6% of the total), and the Nordic countries (Denmark, Finland, Norway and Sweden) with 21.7% of the total.

The number of tourists visiting Catalonia decreased by 13.9%, with 823,427 visitors. 21.5% of them came from France.

The third largest destination community by number of tourists was Andalusia, with 506,032, annual growth of 2.1%. The United Kingdom was the main country of origin (with 21.0% of the total), followed by France (12.9%).

Other autonomies to see increases include Comunidad de Madrid (+10.2%) and Comunitat Valenciana (+9.2%), while in the Balearic Islands numbers fell by 2.0%.

Tourist Spending

Despite a tiny fall in visitor numbers total spending by Decembers visitors increased by 0.1% when compared to the previous December. Visitors spent a total of 4,530 million euros.

The average expenditure per tourist in December stood at 1,138 euros, an annual increase of 0.3%. Average daily expenditure also increased slightly (1.8%) to reach 126 euros.

The average duration of visits for international tourists was 9 days, a fall of 0.1 days compared to last December.

The Canary Islands took the majority of tourist money in December (with 34.0% of the total), followed by Catalonia (19.4%) and Comunidad de Madrid (14.3%).

Tourist spending in the Canary Islands increased by 4.3% on the annual rate and by 22.1% in the Community of Madrid. However, spending fell by 6.8% in Catalonia.

Andalucía and Comunitat Valenciana have negative variation rates in terms of spending (-6.6% and -11.7%, respectively). Meanwhile, expenditure in the Balearic Islands grew by 1.3%.


Used Property Prices Still Increasing

Prices increased 1.1% in Malaga, in January
Property Prices increased 1.1% in Malaga, in January

Prices increased 1.1% in Malaga, in January

It’s February already! How did that happen?

All pointers at the end of last year suggested we would see a good 2018 and it has certainly started well.

Used property prices in Spain registered a monthly increase of 0.7%, to stand at 1,597 euros p/m². When compared to January last year (1,508 euros p/m²), the annual increase is 5.9%. This is according to the latest figures from idealista.

By Autonomous Community

The only community to see a fall in prices in January was Extremadura where homeowners now ask for 0.1% less than they did in December. In Euskadi, prices remained stable, but increased in all other communities. The biggest increases were seen in Castilla La Mancha (1.9%), followed by Aragón (1.7%) and La Rioja (1.7%).

Madrid (2,575 euros p/m²) is the most expensive autonomy. They are followed by Euskadi (2,518 euros p/m²) and the Balearic Islands (2,497 euros p/m²). On the opposite side of the table we find the lowest prices in Castilla La Mancha (914 euros p/m²), Extremadura (931 euros p/m²) and Murcia (1,031 euros p/m²).


43 provinces registered higher used property prices than a month ago. The greatest increases were recorded in Lleida (+3.5%) and Toledo (+2.9%), followed by Cuenca (+2.5%), Ciudad Real (2.3%) and Almería (2.1%). The biggest fall, however, has occurred in Zamora, where owners ask for 1.5% less for their homes. They are followed by the falls of Lugo, Salamanca, Cáceres and Vizcaya (-0.4% in the 4 provinces).

The ranking of the most expensive provinces remains without news, led by the Basque provinces of Guipúzcoa and Vizcaya, with 2,772 euros p/m² and 2,581 euros p/m², respectively. After them are Madrid (2,575 euros p/m²) and Barcelona (2,571 euros p/m²).

Toledo is the cheapest province with a price of 792 euros per square meter. They are followed by Ávila (814 euros p/m²) and Ciudad Real (859 euros p/m²).


During the month of January, 41 provincial capitals saw an increase in used property prices. The most significant increase was seen in Lleida, where the expectations of owners grew by 4.7%. In Huesca, the increase was 3.7%, while in Guadalajara it was 2.5%. In Madrid, prices rose 2.2%, while in Barcelona they increased 0.1%. Badajoz, on the other hand, saw the biggest drop this month (-0.5%), followed by Segovia (-0.4%) and Zamora (-0.4%).

Barcelona is still the most expensive city in Spain, with 4,290 euros p/m², followed by San Sebastián (4,119 euros p/m²) and Madrid (3,357 euros p/m²). Avila, on the other hand, is the most economical, with an average price of 938 euros p/m², followed by Lleida (964 euros p/m²) and Huelva (1,030 euros p/m²).


Down here in sunny Andalucía, the current average price of used property, per square metre is 1,430 euros, a 0.7% increase over Decembers prices. In the province of Malaga the average price sits at 1,911 euros p/m², 0.7% higher than in the previous month.

The city of Malaga saw its average price rise 1.1% in January to reach 1,956 euros p/m². However, prices in Malaga are still 22.4% below the maximum reached in the second quarter of 2007 (2,521 euros p/m²).