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Category Archives: Prices

Second-Hand Housing Prices Up in Q1

House prices continue to rise

As the first quarter of 2019 has flown by in the blink of an eye, the price of housing has risen by 1.68%, when compared to the previous quarter. In March, the average price of second-hand housing stood at 1,700 euros per square metre. When compared to Q1 in 2018, the increase is more significant Continue Reading

Property Prices Up 2.6% in January

The average home loan in January was €135,616

Purchases and sales of homes reached 40,388 transactions in January, a slight year-on-year increase of 0.3%, according to the General Council of Notaries. By type of housing, the sale of apartments showed a year-on-year fall of 1.3%. Meanwhile, transactions for second-hand homes fell by 1.5%, while sales of new property increased by 0.1%. The sale Continue Reading

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

Second Hand Housing Prices Rise in February

Second Hand Housing Prices Rise in February

The average price of second-hand housing in Spain stood at €1,887 p/m² in February. This represents an increase of 0.6% when compared to January. The slight monthly increase continues the tone seen throughout last year. The sharpest increase of the last 12 months was from April to May 2018, when prices increased 1.3%. Looking at Continue Reading

Rental Prices Fell Slightly In January

Rental prices fell slightly in January

The price of rental housing in Spain registered a slight drop of 0.7% in January, when compared to January of the previous year. This is only the second decline in rental prices since March 2015. In fact, except for two slight falls, we have seen 47 consecutive months of increases in rental prices. “After almost Continue Reading

Tenants Struggle to Meet Rental Costs

Tenants Struggle to Meet Rental Costs

The gap between tenant budgets and rental prices is growing, according to a report from property portal pisos.com. The gap between supply and demand grew to 147 euros in 2018, a massive 68% increase when compared to 2017. This means tenants are looking at paying 1,764 euros per year more than they can afford. This Continue Reading

Luxury Property Price Growth Slows

luxury property price growth slows

The average price of luxury housing in Spain increased by 3% year-on-year in 2018, according to a report from property portal idealista. The average price reached 6,800 euros per square metre at the end of the year. Although it increased, it did so more moderately than we’ve seen over the previous two years. In 2017 Continue Reading

Second-Hand Housing Prices Up Slightly in January

Second-Hand Housing Prices Up Slightly in January

Second-hand housing in Spain finished January with an average price of 1,703 euros per square metre. This is 1.84% higher than the price in December. Looking at the year-on-year price, January saw an increase of 8.11% when compared to January 2018, when the price stood at 1,575 euros per square metre. Prices have once again 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

Gap Between Sellers and Buyers is Growing

Gap Between Sellers and Buyers is Growing

According to a recent report from pisos.com, the gap between property prices and buyers’ expectations in Spain is growing. In 2018, the average price of properties for sale was 133,760 euros, while the average budget for buyers was 97,500. This is a difference of 36,260 euros and is 7,370 euros more than the gap seen Continue Reading