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

Monthly Archives: April, 2017

Foreigners Buy a Third of Homes on the Islands

40% of property in Tenerife was sold to foreigners

Foreign demand for housing in Spain has maintained good performance in recent years, reaching a new high in 2016 when 13.5% of homes sold were bought by foreigners. This is similar to the results seen in recent years (13.2% in 2015, 13% in 2014), and almost 10 points clear of the historical low seen in Continue Reading

Rental Costs Increased In Q1

Average rent costs up 8.8% in Q1

The price of rental property in Spain increased by 8.8% during the first quarter of 2017. The average price of rental property now stands at 8.9€ per square metre, per month. According to research from idealista, the increase in rental costs is being driven by increased demand. The demand is being led by two distinct Continue Reading

Property Sales Increased in February

Property sales increased 9.9% in February

February saw a total of 38,176 property sales/purchases, representing a year-on-year increase of 9.9%. By type of housing, the sale of flats showed an annual increase of 12.9%. The increase was lead mainly by the increase in sales of resale properties (+14.5%). In contrast, the number of new properties sold decreased by 1.7%, year-on-year. Single Continue Reading

Puerto de la Bajadilla Expansion Will Proceed

Marbella’s Mayor, José Bernal, and the Minister of Development, Felipe López, visited the Puerto de la Bajadilla, in Marbella, over the weekend and made assurances that there will be “full cooperation” between the two administrations to ensure that the port expansion project becomes a reality. The visit follows the failed project involving Sheikh Al-Thani which Continue Reading

Q1 Saw Resale Property Prices Fall

Q1 closed with a 2.2% drop in prices

Somehow, we are already into the second quarter of 2017 and resale property prices in Spain marked the end of Q1 with a decline of 2.2%. This leaves the average price of a square metre of property at 1,513 Euros. The annual variation is -2.5%, according to the latest data from idealista. Fernando Encinar, head Continue Reading