BLOG

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

Tag Archives: Andalusia

New Buyers Could Save Property Market

Property viewings have changed lately

The latest property sales data released by the INE for April 2020, shows a decrease of 39.2%, more than double the 18.6% fall we saw in March. This is of course due to the state of alarm introduced across Spain in March to control the coronavirus and the figures do not come as a surprise. Continue Reading

Price of Second-Hand Homes Up in May

Prices fell 2.1% in Barcelona in May

Despite the state of alarm and the lockdown measures in Spain, the price of a second-hand home increased by 1.3% in May, when compared to April. The year-on-year variation is -1.1%. The change puts the average price per square metre at 1,878 euros, according to figures from the fotocasa real estate index. Prices by Autonomous Continue Reading

Home Purchases by Foreigners Up in 2019

European buyers dominate sales to foreigners

In the second half of 2019, the sale of housing to foreign buyers increased by 0.5% year-on-year, according to figures released by the General Council of Notaries. Sales to foreign buyers recovered from the 3.2% decline which we saw in the first half of the year. Non-resident foreign buyers accounted for 42% of operations, a Continue Reading

Home Sales in Spain Slow in February

Andalusia saw 8,882 home sales in February

In February 2020 there were 89,710 property sales registered in the public records. This represents a fall of 1.1% when compared to February 2019. When compared to the previous month the variation is -0.5%, according to figures released by the INE. In terms of home sales, there was 44,104 registered sales recorded in the registers. Continue Reading

Home Mortgage Borrowing Up in 2019

December saw a huge 43% increase in new mortgages

In December, there were 30,285 new mortgage loans for home purchases, a massive 43% more than in December 2018. Compared to the previous month, the variation was +3.9%, according to figures released this week by the INE. The average amount of those loans fell slightly to 122,079 euros, a 4.2% drop. The total amount of 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

Renting Costs Increase Across Spain

Tenants need 5.1% more to rent in Spain

Renting a property finished 2019 5.1% more expensive than at the start of the year. The average price per square metre per month stood at €10.18 in December. This is the highest national average price since 2006, beating the previous high of €10.12 per square metre per month, which was seen in May 2007. Additionally, Continue Reading

Home Sales Up in Andalusia in November

Andalucía saw home sales increase 2.7%

There was 152,699 property transfers registered in the property records in November, according to figures released by the INE this week. This is 11.8% lower than in the same month of 2018. 86.5% of those properties were urban and 13.5% were rural. In the case of urban properties, 56.4% were home sales. The number of Continue Reading

Price Still Main Factor for Tenants

Young people returned to renting in 2019

During the course of 2019, 17% of people in Spain over the age of 18 have had some level of involvement in the >rental market, either as landlords or as tenants. This percentage is an increase of three points when compared to 2018. In fact, thanks to this increase, the rental market has recovered to Continue Reading

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