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

Tag Archives: andalucia

Property Shows Moderate Price Growth in Q3

Price growth has slowed in 2019

The Housing Price Index (IPV), corresponding to the third quarter of 2019, was published last week and shows an annual increase of 4.7% in the average price of Spanish property. The increase is inline with the upward trend of recent quarters, although this increase is the smallest recorded in the last three years. Compared to Continue Reading

Used Property Prices Increase in November

Used property prices up 2.75% year-on-year

The average price of second-hand housing in Spain stood at 1,706 euros per square metre in November 2019. The figure represents a monthly variation of -0.27% when compared to October. With respect to November 2018, the variation is +2.75%, according to data from pisos.com. In November last year the average cost per square metre stood Continue Reading

British Still Most Numerous Foreign Buyers

Brits still dominate sales to foreign buyers

The sale of property to foreign buyers fell by 3.2% in the first half of 2019. Non-resident foreign buyers accounted for 41% of those transactions, a fall of 9.7%. Resident foreign buyers accounted for 59%, representing an increase of 1.9%, according to data from the General Council of Notaries. Purchases by foreign buyers varied greatly Continue Reading

Housing Market Will Continue to Grow

Housing Market Will Continue to Grow

Mortgage data released by the INE suggests a significant slowdown in lending from banks for the purchase of a home. Specifically, the number of loans granted in August was down 29.9% when compared to August of the previous year. A little over 20,000 new mortgages were approved which is the lowest monthly figure since October Continue Reading

Housing Sales Slow Dramatically in August

The Canary Islands saw an 18.8% fall in sales

The number of home sales in Spain decreased dramatically in August with a 21.1% fall when compared to August 2018. When compared to July 2019, the fall is 26.1%, according to data from the INE. This follows similar data announced by the notaries earlier this week that the housing market had collapsed in August. Figures Continue Reading

Cost of Renting a Home Still Rising

Cost of Renting a Home Still Rising

At the end of the third quarter of 2019, the average cost of renting a home in Spain was 10.9 euros per square metre per month, a quarterly increase of 0.9%. When comparing to the same period last year prices have increased by 5.2%, according to a report from idealista. Rents in the two large Continue Reading

Over 10 million Tourists Chose Spain in August

Over 2 million Brits arrived in August

In August, Spain received a massive 10.1 million international tourists, 0.5% lower than in the same month last year. The UK was once again the main source of those tourists. Almost 2.2 million Brits chose Spain for their August holidays, representing 21.5% of the total, but a decrease of 3.1% when compared to August last Continue Reading

House Prices Down in Third Quarter

Prices fell 0.47% in Andalusia

The average price of second-hand housing in Spain stood at 1,696 euros per square metre at the end of September. This figure represents a fall of 1.15% when compared to the previous quarter. However, when compared to Q3 in the previous year, the variation is +2.63%. On a monthly basis, the figure is 0.09% lower Continue Reading

Borrowing For Home Buying Up in July

Home borrowing increased in July, year-on-year

There was an increase of 13.1% in the number of new mortgages taken on homes in July, when compared to July 2018. However, the average amount of the loans taken fell by 2.5% to 121,414 euros, according to data from the INE. The total borrowed for home loans in July reached a massive 4,048 million Continue Reading

Second Hand Property Prices up in August

Second Hand Property Prices up in August

In August, the average price of second hand property in Spain fell by 0.5% when compared to the previous month. Year-on-year the price increased by 3%, bringing the average price to €1,891 p/m², according to data from the fotocasa price index. With this annual increase, this is the third August in a row to see Continue Reading