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

Tag Archives: 2016

Foreigners Buy a Third of Homes on the Islands

40% of property in Tenerife was sold to foreigners

Foreign demand for housing in Spain has maintained good performance in recent years, reaching a new high in 2016 when 13.5% of homes sold were bought by foreigners. This is similar to the results seen in recent years (13.2% in 2015, 13% in 2014), and almost 10 points clear of the historical low seen in Continue Reading

Cost of Land Increased in 2016

Land prices increased 13% in 2016

The average price of urban land increased by 13% year-on-year in the fourth quarter of 2016, to close the year at an average of 171.7 euros per square metre. The highest average price was recorded in Madrid where a square metre of urban land will set you back 470.1 euros/m². Barcelona and the Balearic Islands Continue Reading

Brexit? Brits Still Dominate Sales to Foreigners

Sun, sea and sand still attracting British buyers

The purchase of housing in Spain by foreigners continues to gain weight, according to data from property registrars. However, the results of the Brexit referendum appear to have reduced the number of sales to British buyers. In 2016, foreigners acquired more than 53,000 homes, representing the highest figure in the historical series (starting in 2006), Continue Reading

Property Sales in December and 2016 Results

Property sales increased 5.9% in December

December 2016 saw a little over 60,000 property sales in Spain, an annual increase of 5.9%. 83.6% of purchases registered in December correspond to urban properties, and 16.4% to rustic. In the case of urban property sales, 57.3% were residential property. The number of sales of rural properties increased by 7.4%, year-on-year, while the number Continue Reading

Málaga Airport Traffic Increased in 2016

Málaga Airport handled 7,647 flights in December

Málaga-Costa del Sol Airport exceeded 16 million passengers in 2016, thanks to growth in both the foreign and domestic markets. The total number of passengers to pass through the airport was 16,672,776, according to data from AENA. This represents an increase of 15.7% when compared to the previous year. The bulk of those passengers (16,621,669) Continue Reading

Profitability of Housing as an Investment Grows

Rental investment returns on housing increased in 2016

Return on investment for property bought to rent increased in 2016 across all property types. The average profitability offered by investment in rental housing has increased to 6.3%, from 5.5% in the previous year, due to the higher growth rate of rental prices compared to sales prices. According to a study by idealista, which looks Continue Reading

New Housing in Malaga Exceeds Madrid

The Costa del Sol has the largest amount of new housing available in all the Mediterranean coastal areas, with 2,482 new properties. The Costa Blanca comes next with 2,110, according to data provided by ST-Valuation Society (ST) at the end of 2016. The amount of new property around the coast of Malaga surpasses that of Continue Reading

Rental Costs Increased in 2016

Rental costs experienced a rebound in Spain in 2016 and ended the year with a 15.9% increase. This leaves a square metre of rental property with an average price per month of 8.2 euros. Fernando Encinar, head of idealista studies, says that “This huge increase in demand is still not accompanied by a similar increase Continue Reading

Property Sales Increased in November

The total number of property sales in Spain increased by 6,8% in November. The number of home purchases increased by 17.3%, when compared to November 2015, according to the latest data from the INE. 84.6% of purchases correspond to urban properties, with 15.4% being rustic. In the case of urban sales, 56.3% were for the Continue Reading

Resale House Prices Fell Slightly During 2016

During 2016 resale house prices normalised, even recording a slight annual decline. Prices fell by 0.7% during the year to stand at an average of 1,533 euros p/m², despite a slight increase during the last quarter. Fernando Encinar, head of idealista research, said “2016 has been a turning point after the real-estate bubble burst in Continue Reading