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

Category Archives: Marbella

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

Renting Cost Continues to Rise in Spain

Cost of renting up in October

The price of rental housing in Spain increased by 0.1% in October, when compared to the previous month. When compared to the same period in 2019, the variation is +9.6%. This brings the average monthly cost of renting a home in Spain to €10.75 p/m². This is the fifth consecutive annual increase and also the 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

Price Of Renting Hardly Moved in August

Rental costs up only 0.1% in August

The price of homes for rent in Spain increased 0.1% when compared to July and increased by 8.6% when compared to the same month in the previous year. This brings the average cost to €10.74 p/m² per month according to data from Fotocasa. This value is -28% below the average for the Community of Madrid, Continue Reading

Home Sales Increase Following End of Lockdown

Sales of second-hand property up 18.8%

In July, there was 144,522 property transfers registered in the property registers, 21.5% less than in the same month of 2019. However, compared to June 2020, the number of transfers increased by 28.6% showing that the lifting of some of the Covid restrictions is bringing life back to the property market. The total number of Continue Reading

Andalucia Most Profitable For Rental Property

Rental property in Cadiz is the most profitable

The profitability of putting your property in the rental market in coastal areas of Spain has been increasing year after year. Look for example at Cadiz, in Andalucia, where the profitability has risen to 7.5%, 0.6 points above the national average (6.9%). “Housing continues to give very high returns close to 7% on average. This 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

COVID-19 Hits Sales Figures in March

Empty beaches, empty real estate offices!

Figures released by the INE this week reflect the predicted decline of property sales in March with an 18.6% fall. This followed the return to positive monthly variations in February after six consecutive months of falls. Of course, the fall in March is a direct result of the declaration of a state of alarm by Continue Reading

Home Sales in Spain Slow in February

Andalusia saw 8,882 home sales in February

In February 2020 there were 89,710 property sales registered in the public records. This represents a fall of 1.1% when compared to February 2019. When compared to the previous month the variation is -0.5%, according to figures released by the INE. In terms of home sales, there was 44,104 registered sales recorded in the registers. Continue Reading