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Category Archives: Marbella

Home Mortgage Borrowing Up in January

Home mortgage borrowing up 20% in Andalucia

January saw a 6.1% increase in the number of new home mortgages. The average amount, however, fell by 5% to 114,691 euros, according to data released by the INE. On all property types, the average amount also fell, with an average of 129,387 euros, 12.2% lower than the same month in 2019. The total amount Continue Reading

Home Sales Up in Andalusia in January

The Canary Islands saw a massive 60% increase in sales

In January, there was 184,699 property transfers registered in the property registers. This is 7.7% lower than in the same month of the previous year. As for sales of homes, there was a 2.6% drop compared to January 2019. 86.6% of property sales registered in January correspond to urban properties and 13.4% to rustic properties. 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

Home Mortgage Borrowing Up in 2019

December saw a huge 43% increase in new mortgages

In December, there were 30,285 new mortgage loans for home purchases, a massive 43% more than in December 2018. Compared to the previous month, the variation was +3.9%, according to figures released this week by the INE. The average amount of those loans fell slightly to 122,079 euros, a 4.2% drop. The total amount of Continue Reading

2020 Opens with a Slight Drop in House Prices

Good news for buyers as prices fall slightly

Second hand housing in Spain saw a small price drop in January with prices shrinking by 0.3%, when compared to December. The annual variation was -1.9%, bringing the average price per square metre to 1,841 euros, according to the fotocasa real estate index. The national average is a massive 40% lower than the average in Continue Reading

House Prices Down Slightly in November

Home mortgages increased 10% in November

Sales of housing in November reached 47,182 transactions, according to notaries. This represents a year-on-year fall of 5.6%. The average price per square metre of homes sold in November was €1,406, representing a slight fall of 0.4%. Meanwhile, there was a 10.3% increase in new mortgage loans taken for the purchase of a home in Continue Reading

Rental Market Must be Priority in 2020

Increase in public rental property is important

Spain’s new government are expected to put the entire property market under the microscope, with the current rental problems taking a priority. It is, without a doubt, the biggest challenge in the housing market at the moment and has its origin in the growing imbalance between high demand and low supply. This has, of course, 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

Cost of Renting Up in October

Moving to a new rental costs 2.4% more

In October, the price of rental housing in Spain increased 2.4% when compared to September. On a year-on-year basis the increase was 3.6%, bringing the average price per square metre per month to €9.81. Across the autonomous communities the most expensive rental property is found in Madrid and Catalonia, with average prices of €14.82 p/m² Continue Reading

October Another Busy Month For Malaga

October Another Busy Month For Malaga

Malaga-Costa del Sol airport saw 1.8 million travellers pass through in October, an increase of 0.6% when compared to the same month last year. The passengers moved on 13,152 flights, a slight drop (-1.6%). The majority of passengers moved on commercial flights (1,870,398). Of these, 1.6 million were on international flights, 0.6% more than in Continue Reading