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

Monthly Archives: July, 2016

34% Increase in Mortgage Approvals in May

The number of mortgages granted for home purchases in May was 26,579, an increase of 34.1% over the same month in 2015. The average amount mortgaged was 126,394 euros, which is actually 2.6% lower than in the previous year, according to data released by the National Statistics Institute (INE). The total value of mortgages constituted Continue Reading

What Makes An Average Property Buyer?

The average homebuyer in Spain is 38 years old, and in 51% of cases, has a permanent contract in the private sector, according to a study from online property portal fotocasa. The study also reveals that in 53% of cases, the purchase of a property is led by a woman, with men making the decision Continue Reading

Property Sales and Prices Increased in Q1

In the first quarter of this year almost all Spanish regions showed an increase in housing purchases, according to data released by the General Council of Notaries. There were increases in all regions except for Navarra and Aragon, and around 90% recorded double-digit increases. Catalonia and Asturias saw the largest increases in sales numbers with Continue Reading

Costa del Sol Property Market Alive and Well

The property market on the Costa del Sol is showing clear signs of a continuing recovery, according to a report published by property portal idealista. The report suggests the time from placing a property on the market to closing a sale is down by 50% in the 12 months up to May 2016. Also, the Continue Reading

Rental Costs Increased in Second Quarter

According to the latest data from property portal fotocasa, the average price of rental housing in Spain increased by 2.4% in the second quarter of the year, placing the average at 7.41€ per square metre, per month. “The rental market has experienced growing momentum in recent years and that is moving prices upwards. The rental Continue Reading

Hotel Stays Increased in June

As summer gets into full swing the hoteliers of Spain are seeing an increase in occupancy and average spend. There were 34.9 million overnight stays recorded in hotels in June, an 8.9% increase over the same months of 2015. Overnight stays by Spanish residents increased by 1.3%, while stays by non-residents increased by 12.6%. The Continue Reading

Spanish Real-Estate Investment Remains Profitable

Real-estate in Spain is still a great investment offering good returns, according to a study by property portal idealista. The profitability of buying a property to rent in Spain has increased to an average return of 6.1%, up from 5.5% this time last year, due to a strengthening demand for rental properties. The study, which Continue Reading

Fewer Than 50,000 New Homes Built in 2015

Spain’s housing stock increased only slightly (0.19% year-on-year) in 2015 with fewer than 50,000 new homes being built, bringing the total number of households in Spain to 25.5 million. The number of new properties represents the lowest figure of the historical series, which began in 2001, and is 11 times less, or 91.2% less, than Continue Reading

Property Sales Up. Mortgage Approvals Up, Say Notaries

According to data released by the General Council of Notaries, houses in Spain have dropped in value by 5.1% between January and May of 2016, reaching an average cost of 1,261€ p/m². When comparing to the same period in 2015 the decline in prices is 1.6%. The property market slowed in May following two months Continue Reading

Q2 Saw Rental Costs Increase 5.8%

The price of rental housing in Spain increased by 5.8% during the second quarter of 2016, reaching a price per square metre of 7.8€ per month. On the annual rate, the increase stands at 8.5%, according to the latest data released by property portal Idealista. Fernando Encinar, head of research for Idealista, says “… the Continue Reading