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

Tag Archives: andalucia

Andalucia Most Profitable For Rental Property

Rental property in Cadiz is the most profitable

The profitability of putting your property in the rental market in coastal areas of Spain has been increasing year after year. Look for example at Cadiz, in Andalucia, where the profitability has risen to 7.5%, 0.6 points above the national average (6.9%). “Housing continues to give very high returns close to 7% on average. This Continue Reading

Cost of Renting Rises Despite Lockdown

Madrid: most expensive for renting

During the first quarter of 2020, the cost of renting a home in Spain has increased by 6.5%, a trend that is expected to continue despite the situation with corona virus. The increase is the largest recorded in a first quarter in over 14 years of data, according to the fotocasa real estate index. The Continue Reading

Property Buyers Looking Beyond Cities

Not much space available in Spanish cities

Over three weeks of being confined to your home can make you wonder if it really is your home. According to a study carried out by Idealista, since the state of alarm was declared in Spain, the number of property buyers searching for a home within the provincial capitals has dropped from 44.1% to 38.8%. Continue Reading

House Prices Down in First Quarter

House prices in Malaga fell 2.57% in Q1

According to a quarterly report from pisos.com, the average price of second-hand housing in Spain in March was 1,690 euros per square metre. This represents a decrease of 1.25% when compared to December 2019. Year-on-year, the fall is slightly smaller at -0.61%. When comparing March to February, the contraction is -0.89%. “The trend towards a Continue Reading

Home Mortgage Borrowing Up in January

Home mortgage borrowing up 20% in Andalucia

January saw a 6.1% increase in the number of new home mortgages. The average amount, however, fell by 5% to 114,691 euros, according to data released by the INE. On all property types, the average amount also fell, with an average of 129,387 euros, 12.2% lower than the same month in 2019. The total amount Continue Reading

Cost of Renting Continues to Rise

Ibiza Town has seen rental costs spiral up 93% in five years

In the last five years, the price of rental housing in Spain has increased by 50%, according to analysis by Fotocasa. It has long been subject for debate for the government when considering price caps for rental property, a tactic which few other countries have dared to try. But with the costs involved in buying Continue Reading

Home Sales Up in Andalusia in January

The Canary Islands saw a massive 60% increase in sales

In January, there was 184,699 property transfers registered in the property registers. This is 7.7% lower than in the same month of the previous year. As for sales of homes, there was a 2.6% drop compared to January 2019. 86.6% of property sales registered in January correspond to urban properties and 13.4% to rustic properties. Continue Reading

New Property Gaining Ground

Buyers have a large choice of new build

With new developments seeing a resurgence since dropping following the crisis, it is no wonder that in 2019, 37% of buyers chose a new property. This is significantly higher than the previous two years. In 2018 new property was the choice for 29% of buyers, and only 20% in 2017. Buyers are of course still Continue Reading

Small Increase in House Prices in February

Palma de Mallorca saw prices grow 7.90%

The average price of second-hand property in Spain reached 1,705 euros per square metre in February. Compared to the same month in the previous year that represents an increase of 0.22%. When compared to January, it shows a slight fall of 0.01%. “Recent increases have moderated with similar levels of growth seen throughout the country, Continue Reading

Andalusia Homes Sales Up in December

7,126 homes sold in Andalusia in December

There was 53,947 housing sales/purchases in December, an annual decrease of 1.2%, according to data from the Council of Notaries. By type of property, there was a 3.8% reduction in the sale of apartments, with both new properties (-15.1%) and second-hand properties (-0.7%) seeing a contraction in sales. Meanwhile, the sale of single-family homes reached Continue Reading