BLOG

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

Tag Archives: 2018

Home Sales Increased 10% in 2018

Home Sales Increased 10% in 2018

According to the latest figures from the INE, there were 69,524 property sales in December, an annual increase of 7.2%. 85.2% of the properties purchased in December were urban properties, while 14.8% were rural. In the case of urban properties, 57.1% were home purchases. The number of rural property sales increased by 6.4% in December, Continue Reading

Home Sales Increased in December, Say Notaries

Home Sales Increased in December, Say Notaries

The number of home sales in December 2018, stood at 51,603 transactions, according to the notaries, reflecting an increase of 1.2%. By type of housing, the sale of flats showed an annual increase of 1.4%. Meanwhile, the sale of single-family homes showed a slight increase of 0.3% year-on-year. In terms of the average price, a 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

Málaga Airport Had Busiest Year Ever in 2018

Málaga Airport handled over 19m passengers in 2018

In terms of passenger numbers, 2018 was the busiest year in the history of Málaga Costa del Sol Airport. This is according to figures released by airport operator, AENA. Beating 2017’s record, which fell slightly short of 19 million passengers, growth in both the domestic and international sectors brought 19,021,704 passengers through the airport. This Continue Reading

Rental Price Growth Slowed in 2018

Rental prices fell by 0.6% in Q4

The price increases of rental housing slowed in 2018 and ended the year with an interannual increase of 9.3%. Compare this to growth of 18.4% in 2017. This leaves the average square metre at 10.6 euros per month. The slowdown was caused in part by a fall in prices during Q4 when the average cost Continue Reading

Housing Finished 2018 With a Price Increase

December saw prices increase 20.73% in Madrid

The number of purchases/sales of homes in Spain reached 47,254 in November, according to the General Council of Notaries. This represents an annual decrease of 3.6%. The sale of flats showed a significant annual fall dropping 6.5% year-on-year. This was due to falls in sales of both new property (-7.1%) and also second-hand properties (-5.5%). Continue Reading

Luxury Property Prices up 2% in 2018

Luxury Property Prices up 2% in 2018

Luxury housing (over 500,000 euros) has continued to rise in price throughout 2018 but has slowed down registering only a 2% year-on-year increase. The average price of luxury property now stands at 6,800 euros/m², up from 6,600 euros/m² registered at the end of 2017. The largest increases occurred in the cities of Madrid, San Sebastian Continue Reading

Sales to foreign buyers continue to grow

Foreign buyers account for 18.7% of property sales

The number of sales of property to foreign buyers continued to grow in the first half of 2018, although the trend of double-digit growth has ended. Sales of Spanish properties to foreign buyers amounted to 53,359 transactions in the first six months of the year, representing an annual increase of 5.6%. These sales accounted for Continue Reading

More Buyers Taking a Mortgage

More Buyers Taking a Mortgage

Over the last 12 months, the percentage of property buyers who needed a mortgage to purchase a home has increased form 71% in 2017, to 75% in 2018. 64% of those buyers were able to make their purchase with only a mortgage and their own savings, whereas 11% needed bank financing and family support. This Continue Reading