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

Monthly Archives: July, 2019

Coastal Property Prices Still Increasing

Coastal Property Prices Still Increasing

The price of homes along the Spanish coast grew by 5.7% during the last 12 months, reaching an average cost per square metre of 1,727 euros, according to a report from idealista. The price of coastal homes on the Costa del Sol grew the most with an increase of 9.9%. In 2018, a Costa del Continue Reading

Home Mortgage Borrowing Up 16%

Home Mortgage Borrowing Up 16%

In May this year there were 34,883 new mortgages registered for housing purchases in Spain, 11.2% more year-on-year. The total borrowed capital for the new home loans reached a massive 4,330.1 million euros, an annual increase of 16.8%, according to data from the INE. Interest Rates Looking at all new mortgages taken in May, the Continue Reading

High Demand for Housing in Andalusia

Home Mortgage Borrowing Up 16%

Over the last 12 months, demand for housing in Andalusia has increased by 20%, according to a report by fotocasa. In 2019 up to 28% of those over 18 years of age living in Spain have taken action related to the purchase or rental of a property in Spain. This is 22% higher than the Continue Reading

Property Sales Up Slightly in May

Brits made up 14.75% of foreign sales

There were 191,875 property transfers in May, which is 4.4% higher than in the same month last year. This is according to the latest data from the INE. In the case sales of properties in the property registers, there were 96,186, an annual increase of 3.1%. 85.9% of the sales in May correspond to urban Continue Reading

Average Mortgage Value Increased in April

Average Mortgages Value Increased in April

The number of new mortgages taken on homes in April was 29,032, which is 0.1% less than in April 2018. The average amount of the loans was 124,655 euros, an annual increase of 0.7%, according to data from the INE. The total capital loaned on properties in April reached 5,325.6 million euros, a 2.6% fall Continue Reading

Cost of Renting Increased in April

Renting is 0.8% more expensive in Spain since May

In April, the cost of renting a home in Spain registered a monthly increase of 0.8% to put the average cost per square metre at 8.54 euros per month. This price returns us to figures similar to those seen in December 2009, when the price stood at 8.55 euros/m² per month. Looking at the annual Continue Reading