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

Monthly Archives: December, 2017

Mortgage Approvals Increased in October

Mortgage Approvals Increased in October

The number of new home mortgage approvals in October was just short of twenty-five thousand (24,706). This is 8.2% more than in the same month in 2016. The average amount of the new mortgages was 120,628 euros, an annual increase of 9.2%. The value of mortgages for urban property reached a massive 4,824.9 million euros. Continue Reading

Málaga Airport Reaches 17 Million Passengers

More than a million passengers in October

So far this year, Málaga Airport has handled more than 17 million passengers, a new record! Additionally, the figure is almost one million more than in the same period of 2016, when the total reached 16,672,776 travellers. The total this year is 17,629,630 travellers spread over a massive 128,796 flight operations. These figures represent increases of Continue Reading

Thank you 2017. Here’s to 2018!

Happy Christmas and 2018 from Marbella For Sale

THANK YOU! Marbella For Sale have had a great 2017 thanks to the efforst of our great team and of course, our clients without whom we would not be here! We thank all who passed by us this year. To all who trusted us to help them buy or sell a property on the Costa Continue Reading

Buyers Turning Away From New Property

New property is too expensive most buyers

New property has typically been sparse as available plots of land become scarce and although new construction has returned to many areas, Spain is still suffering from a lack of “new” stock. According to a survey carried out by idealista, 3 out of 4 buyers have ruled out searching for new homes as the prices Continue Reading

Cost of Renting Increased 1.6% in November

Rental costs increased in all communities

The average price of renting a house in Spain increased by 1.6% in November to stand at 8.13 euros/m² per month, according to data released by fotocasa. The figures are similar to the beginning of the year when increases were between 1.5 and 2%. On the monthly basis, rental prices increased in six communities and Continue Reading

Property Sales Increased 21% in October

18.6% of homes purchased in October were new

Following on from the best third quarter since 2008 (in terms of property sales), in October, there were 143,249 property transfers in the property registers. This represents 12.3% more than in the same month in 2016, according to the latest data from the INE. When looking at only property sales/purchases there were 74,286 in October, Continue Reading

Third-Quarter Home Sales Highest Since 2008

Highest Q3 sales since 2008

The third quarter of the year saw a total of 121,561 homes sold in Spain, representing an increase of 16.7% when compared to the same period in 2016, according to data published by the Ministry of Development (Fomento). This is the highest number of Q3 home sales for nine years. To find a third quarter Continue Reading

Number of Foreclosures Down in Q3

Andalusia accounted for 1 in 3 foreclosures

Andalusia, Valencia and Catalonia accounted for more than half of housing foreclosures during the summer of 2017. The number of foreclosures on “personas fisicas” (property owned by an individual) continues to fall with the third quarter seeing only about 1,600 cases. This is almost half as many as were seen in the previous quarter. On Continue Reading

Average Home Buyer Budgets 173,000€

Buyers typically budget less than asking prices

According to a report “Experience of Purchase/Sale of Housing in Spain in 2017” carried out by fotocasa, the average budget set by a home buyer was 173,000€. The budget varies by autonomous community: in Madrid the average is 212,000€. In Catalonia it is 206,000€. The average budget in the Basque Country is 191,000€. In Valencia Continue Reading

Used Property Prices Up in November

Used property prices up 0.4% in November

Average second-hand property prices in Spain stood at 1,733 euros/m² in November, a monthly increase of 0.4%, according to data from property portal fotocasa. The slight increase shows that the price of second-hand housing is stabilising and that we are leaving behind the large price drops witnessed in recent years. On the annual variation, the Continue Reading