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

Monthly Archives: June, 2018

House Prices Much Higher Than Buyer Budgets

Buyer budgets falling short of prices

The average Spanish property buyer has a budget of 166,000 euros, a figure that falls short of the average house price in Spain, which is currently 241,145 euros. This means there is a 69% gap making it hard for Spaniards to get on the property ladder. The average Spanish buyer is looking for a property Continue Reading

The Cost of Renting a Home Fell in May

Prices grew 8% in the Canary Islands

The average price of renting a home in Spain decreased by 1.1% in May to stand at €8.44 p/m² per month, according to data from fotocasa. On a monthly basis, rental costs increased in eight communities and decreased in nine. The highest monthly increase was recorded in Murcia (+2.6%), followed by the Canary Islands (+1.1%) Continue Reading

Brexit Fear Abating Amongst British Buyers

Still a large expat communityin Spain

Spain is still the preferred destination for British people looking to purchase a home abroad, according to idealista. After the uncertainty of Brexit took its initial toll on sales across the country, it seems the fear is abating amongst potential British buyers. Property developer Taylor Wimpey say reservations on the Costa del Sol, up to Continue Reading

May Saw Passenger Increase at Malaga Airport

May saw passenger increase at Malaga

Despite a delay in the arrival of spring, Spain is still attracting visitors and the Costa del Sol remains as one of the busiest parts of the country. As such, almost 2 million passengers passed through Málaga-Costa del Sol Airport in May. A massive 1,830,000 passengers moved on almost 13,200 flights. These figures represent an Continue Reading

Property Sales Rebound in April

Home sales increased 58.3% in April

Following a slight dip in March, property transfers across Spain rebounded in April, registering a year-on-year increase of 20.8%, according to figures from the INE. The total number of properties transferred in the property registers in April reached 161,444. However, as Holy Week was in March this year and in April last year, it makes Continue Reading

Second-Hand House Prices Up in May

Used House Prices up 0.8% in May

Second-hand house prices in Spain increased in May with a 0.8% increase over April. This brings the average price per square metre to 1,645 euros, according to the latest price index from idealista. When comparing to the previous year, when the average price was 1,526, the year-on-year increase is 7.8%. Autonomous Communities Prices fell in Continue Reading

Used Property Prices Up in May

A square metre in Barcelona now over €4,000

According to the latest figures from pisos.com, average property prices of used housing in Spain increased in May by 1.08%, when compared to April. The average price now stands at 1,589 euros per square metre. In April the average price was 1,572 euros. With respect to May in the previous year, the increase is 3.05%, Continue Reading

Mortgage Approvals Fell in March

March 2018 mortgage loans avarage

The number of new mortgages approved in March was 26,350. This represents a fall of 5.2%, when compared to the same month in the previous year. The average mortgage amount was 119,783 euros, an annual increase of 4.6%, according to the latest data from the INE. The total value of new mortgages on urban properties Continue Reading