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Category Archives: News

New Rental Decree Good For Tenants

Contracts will now default to 5 years

The Spanish Government have approved the new rental decree, following the failed attempt which was overturned by Congress in December. The decree went into effect on Wednesday, five days after receiving cabinet approval. At a time when affordable rental properties are becoming scarce, the decree from Pedro Sánchez’s government aims to add protection for tenants Continue Reading

82.8m Tourists Came to Spain in 2018

Spain received a massive 82.8 million tourists in 2018

Despite some commentators suggesting Spain was suffering from a drop in tourist numbers, 2018 ended up beating the previous year. Throughout the year, 82.8 million tourists came to Spain for their holidays, according to data from the INE. This is a 1.1% increase over 2017 and shows that Spain is still a number one tourist Continue Reading

Rental Costs Increase Slowed in 2018

Rental Costs Increase Slowed in 2018

The average price of rental housing in Spain closed 2018 with an annual increase of 1.8%, according to a report from fotocasa. This leaves the average cost per month at €8.30 p/m². This is the smallest increase registered in the last four years. It is the fourth consecutive year to see rental prices increase. In 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

Third-Quarter Home Sales Highest Since 2008

Highest Q3 sales since 2008

The third quarter of the year saw a total of 121,561 homes sold in Spain, representing an increase of 16.7% when compared to the same period in 2016, according to data published by the Ministry of Development (Fomento). This is the highest number of Q3 home sales for nine years. To find a third quarter Continue Reading

Marbella For Sale Recognised for Professionalism

Marbella For Sale Recognised for Professionalism

After 10 years of serving our clients to the best of our abilities, it is nice to have our hard work recognised. Marbella For Sale were honoured to be nominated for, and win, an award from the Institute for Professional Excellence for “Recognition of Professional Work and Commitment to Excellence”. Our founder and managing director, Continue Reading

Mortgage Clause Claims Exceed Expectations

The courts are overwhelmed by the number of claims

The provincial courts that were created at the beginning of summer to handle the barrage of lawsuits against banks for abusive mortgage clauses are receiving around 1,000 cases per day. According to the data handled by the General Council of the Judiciary (CGPJ), between January 1st and November 5th, the 54 courts have registered a Continue Reading

2017 Real Estate Investment Tops 8,950 million

Investment in residential property reached 1,180 million euros

The total volume of real estate investment in Spain (residential, office, retail, hotels) closed the third quarter of the year at around 8,947.4 million euros. This represents an increase of 40% over the same period in 2016. Additionally, this figure represents 94% of the total investment for the whole of 2016, which amounted to 9,564 Continue Reading

Third Quarter Sees Rental Costs Rise

The price of housing for rent in Spain increased by 0.5% during the third quarter of 2017. This leaves the average price per square metre at 9.4 euros per month. The annual variation is +24%, according to the latest report from Idealista. Fernando Encinar, head of idealista studies, says “The end of summer brings with Continue Reading

Construction Worth Millions Approved in Marbella

Numerous properties will be built in Nueva Andalucía

The number of building permits issued by the Marbella council has increased over recent months. At a meeting earlier this week, the council approved licences for the construction of various real estate projects in the town which amount to 17 million euros. 90% of that capital will be invested in Nueva Andalucía in the construction Continue Reading