BLOG

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

Category Archives: Buying

Slight Fall in House Prices in First Quarter

Prices fell -1.16% in the first quarter of 2021

Average second-hand house prices in Spain in March 2021 reached 1,699 euros per square meter. This figure represents a drop of -1.16% compared to December 2020. Year-on-year, the increase was 0.56%. The monthly variation when compared to February 2021 was -0.64%. The predictions for price falls that second-hand house prices would suffer due to the Continue Reading

Second-Hand Property Prices Up in January

Madrid and Basque Country are most expensive

In Spain, the monthly variation in the price of second-hand housing decreased by -0.1% in January. The year-on-year variation increased by 1.8%, bringing the average price to 1,874 euros/m², according to data from the Fotocasa. This last value is the third year-on-year rise in house prices after 11 months of year-on-year falls (from December 2019 Continue Reading

Spanish Home Sales Up in November

New property sales up 0.6% in November

According to figures from the National Institute of Statistics, there were 83,221 property sales in November, an annual increase of 4.2%. 84.6% of those property sales were urban properties, with the remaining 15.4% classed as rustic. In the case of the urban properties, 56.3% were for the sale of homes. The number of sales of Continue Reading

Average House Price Down in November

New apartme sales increased 17.5% year-on-year

November 2020 saw 48,251 home sales in Spain, representing a year-on-year fall of 0.9%. Considering the months of lockdown, this fall is nothing like as bad as was expected. By type of property, the sale of apartments/flats showed a year-on-year fall of 7.6%, according to a report from the Notaries. This reduction in apartment sales Continue Reading

Andalucia Top For Home Sales in October

Andalucia still popular with home buyers

In Spain, there was 156,875 property transfers registered in the property registers in October. This is 8.2% less than in the same month of 2019, according to figures released by the INE. Of those transfers, 77,536 related to property sales/purchases, an annual decrease of 11.6%. Of those sales, 84.2% were in regard to urban properties, Continue Reading

Drop in Foreign Buyers in First Half of 2020

First half of 2020 saw loss of foreign buyers

The sale of housing to foreign buyers suffered greatly during the early stages of lockdown resulting in a negative variation in the first half of 2020. Notaries recorded 37.4% fewer transactions than in the same half of the previous year. For the first six months of 2020, home purchases made by foreign buyers accounted for Continue Reading

Disposable Income Falling as House Prices Rise

Mortgages account for 41% of salary, on average

In 2019, the average monthly mortgage repayment was 591 euros, in Spain, according to the College of Notaries. Looking at renting, the average monthly rent was 966 euros. In both cases, the percentage or monthly income allocated to housing costs is well above that recommended by the Bank of Spain. “The economic capacity of families Continue Reading

Home Sales Down 12% in August

New Home sales increased 6.4% in August

In August, the number of home sales in Spain fell by 12.1% when compared to August 2019. Considering what the country has been through in recent months this is not a big fall and is far smaller than many expected. This also shows that the property market is resilient and is recovering well from the Continue Reading

Property Market Shows Positive Signs in June

Buyers are coming back to the property market

As the country starts trying to get back to some sense or normality following lockdown, the property market recovered slightly. In June, there were 112,383 property transfers registered. Although this represents a 37.1% increase when compared to May, it is still 33% lower than in June 2019. When looking only at the sale of homes, Continue Reading

Post-Covid Property Interest Remains Stable

Property buyers at similar levels post-covid

Post-corona housing demand appears to remain at similar levels to those seen before the national health crisis. 13% are seeking a rental property, while another 13% are looking to buy a home. Of course, the COVID-19 crisis altered everyone’s plans, including in the real estate market. However, the recorded demand has not fallen as much Continue Reading