As mentioned in a previous article, Spain had a huge August in terms of tourism with over 10 million international visitors passing through. Those tourists spent more than they did in 2015 with an increase in total tourist spending of 3.8%. The total expenditure of tourists in August was 10,354 million euros, according to data Continue Reading
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Here you will find news, views, events and information relating to real-estate in Spain.
Tag Archives: 2016
Home Sales Up 20% in August
The number of properties sold in August increased when compared to August 2015. This is according to the latest data from the National Statistics Institute. It further confirms the recovery of the real-estate market in Spain. The total number of properties sold in August was 69,409, representing annual growth of 13.8%. Of those, 87.1% related Continue Reading
Property Prices Up in Third Quarter
At the close of the third quarter of the year Catalonia, Madrid and the Canary Islands are highlighted as areas where the recovery in property prices is more consolidated, according to the latest House Price Index from Tinsa. There was a slight moderation in the pace of growth in Q3 with an average increase of Continue Reading
Over 10 Million Tourists in August
As expected, August was another record month for tourists with Spain receiving 10.1 million international visitors. This represents a 5.8% increase over the same month in 2015, according to the official data from the National Statistics Institute. Visitors from the UK made up the largest proportion with 2.3 million Brits arriving in Spain. There were Continue Reading
Foreigners Still Buying Property in Spain
Home purchases in Spain by foreign buyers continued to rise in the first half of 2016. From January to June almost 40,000 foreigners bought a home in Spain, 17.5% of the total property sales for that period. This is according to data released by property portal Idealista. The first quarter of 2016 saw foreigners by Continue Reading
Fewer Mortgages Approved in July
The number of new mortgages taken for a home purchase in July was 18,706, representing a decrease of 14.9% when compared to the same month in 2015. The average amount of those loans was 115,540 Euros, an annual increase of 10.1%, according to data released by the National Statistics Institute. The value of mortgages taken Continue Reading
Another Great Month for Hoteliers in August
The number of overnight stays in Spain increased by 3.8% in August, when compared to the same month of 2015, to reach 46.4 million overnight stays. Overnight stays by Spanish residents fell by 0.3%, while overnight stays by foreign residents increased by 6.3%, according to the latest data from the National Statistics Institute. For the Continue Reading
Resale Property Prices Fell 0.1% in August
Resale property prices in Spain fell by 0.1% during August, compared to the previous month, to stand at an average of 1,529€ p/m². When compared to August in the previous year the fall is 3.1%, according to the latest house price index from idealista. Autonomous Communities The price of resale-property increased in 11 of the Continue Reading
Mortgage Foreclosures Fell in Second Quarter
The number of foreclosures carried out in the second quarter of 2016 was 20,927. This represents an increase of 8.1% when we compare the figures to the previous quarter. When comparing to the second quarter of 2015 the number actually fell by 27.7%. Amongst the actions, 6,398 were on a primary residence (26.2% less than Continue Reading
