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

Category Archives: Construction

New-Build Property Sales on the Increase

The total number of properties transferred in June reached 191,749, a 2.5% fall when compared to the same month in the previous year. In terms of property sales, the total number of transactions was 106,051, an annual fall of 1.6%, according to data from the INE. Of the total sales seen in June, 87.9% were 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

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

New Property Gaining Ground

Buyers have a large choice of new build

With new developments seeing a resurgence since dropping following the crisis, it is no wonder that in 2019, 37% of buyers chose a new property. This is significantly higher than the previous two years. In 2018 new property was the choice for 29% of buyers, and only 20% in 2017. Buyers are of course still Continue Reading

Andalusia Top For Property Sales in October

Over 8000 home sales in Andalucia in October

The number of home sales in Spain fell by 1.5% in October, compared to the same month in the previous year. However, when compared to September this year, the number of sales increased by 12.7%. 42,825 homes were transferred in October. 86.1% of the total property sales recorded in October correspond to urban property and Continue Reading

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

Who is Looking For New Build Property?

29% of Spanish buyers opted for a new property

Over the last 12 months, 4% of Spaniards bought a home in Spain, and of these, 29% opted for a new build property, compared to 71% who bought a resale property. This is according to the report “Profile of a New Property Buyer 2017-2018”, published by fotocasa. The aim of the report was to gain Continue Reading

New Build Licences Increased in February

Over 8,000 new permits granted in February

The number of permits for new build property reached 8,305, in February, representing a 26.9% increase year-on-year. This is the third highest figure since the worst of the crisis hit new property in 2013, according to figures from Fomento. In the first two months of this year there have been 14,999 visas granted, 17.4% more Continue Reading

Marbella Sees Boost in Hotel Investment

The iconic hotel will reopen next year

The economic recovery that, according to multiple indicators, is being seen in Marbella is noticeable in the increase of hotel projects in the area. Marbella closed 2017 with a net increase of 924 new companies. In January, more than 28,000 tourists visited the town, an increase of 18.5% over the same month in the previous Continue Reading

New Housing Plan 2018-2021 Approved

Minister for Development, Íñigo de la Serna

The Spanish Government has approved the new Housing Plan 2018-2021, which includes aid for tenants and buyers. The effects will be retroactive from January 1st. According to the Minister of Public Works, Íñigo de la Serna, “it is a plan that tries to satisfy real needs and that is especially focused on young people, the Continue Reading