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

Monthly Archives: August, 2018

New Housing Stock Decreasing

Unsold new stock is at pre-crisis levels

The number of unsold new housing stood at 476,938 units, at the end of 2017. This figure is not far from those seen before the bubble burst. In 2007, unsold stock amounted to 413,642. In 2016, the stock fell by 3%, and from the highs of 2009 (649,780 units), the stock has fallen by 26.6%, Continue Reading

Unfurnished Rental Properties are 40% Cheaper

More than 50% of rentals in Madrid are unfurnished

Properties in Spain that are on the rental market without furniture are, on average, 39.2% cheaper than those that are rented furnished. Nationally, less than one in three properties offered for rent are offered without furniture (30.6%). Within that 30.6%, there are two groups: 21.4% are offered with a fitted kitchen (refrigerator, washing machine, oven/hobs), Continue Reading

Spain’s Housing Stock is Getting Old

Average property age in Spain is 45 years

Second-hand housing for sale in Spain has an average age of 45 years, according to a study carried out by idealista. Rental properties currently on offer are slightly younger at an average of 44 years old. However, the differences in property ages in different provincial capitals are notable. This can be said of both sale Continue Reading

July Saw Busiest Day Ever at Malaga Airport

July 28th was the airports busiest day ever

Malaga-Costa del Sol Airport has handled 2.1% more passengers and 2.8% more flights between January and July this year than it did in the same period last year. Specifically, in the first seven months of the year, the airport has seen over 10.8 million passengers distributed across more than 80,000 flights. The bulk of the Continue Reading

Rental Costs Dip Slightly in July

Rental Costs Dip Slightly in July

The average price of renting a house in Spain fell by 1% in July, to stand at an average cost per square metre of 8.37 euros per month. On a monthly basis, the variation showed a small increase in only Madrid (+1.4%) and Murcia (+0.9%), according to data from fotocasa. The current average price returns Continue Reading

Cost of Renting a Room in Spain Increases

Average room rental cost is up 7%

The cost of renting a room in a shared property has increased by 7% over the last year. This brings the average cost to 331 euros per month, according to a study by idealista. At the same time, the amount of available rooms has reduced by 3.3% which is likely to keep prices rising. In Continue Reading

8.5m Tourists Visited Spain in June

2.2 million Brits visited Spain in June

Despite the late start to the warm weather, Spain still managed to attract 8.5 million international tourists in June. This represents an increase of 1.2% when compared to the same month of 2017, according to data from the INE. The UK was once again the main country of residence for the visitors, with almost 2.2 Continue Reading

Used Property Prices Increased 1.6% in July

Average used property price is 1,690 euros/m²

The price of used property in Spain registered an increase of 1.6% in July, to stand at an average of 1,690 euros/m², according to the latest figures from idealista. If we look at the data from last year the interannual increase is 9.3%. Autonomous Communities Of all the communities, only Galicia saw a fall in Continue Reading

Mortgage Approvals Increased in May

3,647.8 million euros borrowd in May

There were more than 31,000 new mortgage approvals for home purchases in May, 7.3% more than in May 2017. The average amount of those new loans was 117,044 euros, representing an increase of 2.8%. The total capital borrowed for housing, in May, was 3,647.8 million euros, an annual increase of 10.3%, according to the latest Continue Reading