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

Monthly Archives: March, 2017

Rental Costs Down €188 in Ten Years

Rental cost has fallen 24.8% in 10 years

Rental costs in Spain have dropped by an average of €188 since the maximum was recorded in May 2007, according to the latest analysis by real-estate portal fotocasa. Back in 2007 the average cost to rent a home in Spain was €810 (€10.12 / m²) for a property of 80m², while in February this year Continue Reading

W Hotels Coming to Marbella

Marbella's mayor attended the signing

Marbella’s new luxury hotel has taken a step closer. The mayor, José Bernal, and Minister for Tourism, Javier Porcuna, attended the signing of the agreement between Platinum Estates and the hotel group Marriott International Inc. for the development of W Hotels Marbella. Platinum Estates already own several successful hotels around the world which are managed Continue Reading

Cost of Land Increased in 2016

Land prices increased 13% in 2016

The average price of urban land increased by 13% year-on-year in the fourth quarter of 2016, to close the year at an average of 171.7 euros per square metre. The highest average price was recorded in Madrid where a square metre of urban land will set you back 470.1 euros/m². Barcelona and the Balearic Islands Continue Reading

Malaga Airport Saw Passenger Increase in February

Malaga handled 15.1% more passengers in February

Malaga-Costa del Sol Airport recorded 15.1% more passengers in February, and 16.4% more flight operations than in the same month of 2016, according to airport network AENA. February saw 914,921 passengers travel on 7,364 flights, exceeding last February despite there being only 28 days in the month this year. The bulk of passengers travelled on Continue Reading

Prices Down 100 Thousand Euros in Ten Years

Prices are down 43.7% since the crisis

The last ten years has seen the price of second-hand housing in Spain fall by an average of 103,294 euros, since the peak of April 2007. Back before the global financial crisis, the average price for a property of 80 square metres was 236,174 euros (2,952 euros/m²), but by February 2017 that price has fallen Continue Reading

Property Prices Dropped 0.7% in February

Property prices fell 0.7% in February

Resale property prices in Spain registered a slight fall in February. The average price stands at 1,497 euros per square metre, a fall of 0.7% when compared to January. When compared to February 2016, the interannual variation is -5.4%, according to data released by idealista. Autonomous Communities February saw the price of resale property increase Continue Reading

Brexit? Brits Still Dominate Sales to Foreigners

Sun, sea and sand still attracting British buyers

The purchase of housing in Spain by foreigners continues to gain weight, according to data from property registrars. However, the results of the Brexit referendum appear to have reduced the number of sales to British buyers. In 2016, foreigners acquired more than 53,000 homes, representing the highest figure in the historical series (starting in 2006), Continue Reading