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

Tag Archives: Andalusia

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

Cost of Renting Drops in August

Cost of Renting Drops in August

The price of rental housing in Spain fell again in August with owners now asking 0.5% less than in July. However, when compared to August 2018, prices have actually risen by 7.7%. This brings the average cost per square metre to €8.50 p/month. Shockingly, this national average is a massive 39% lower than the average Continue Reading

Nearly 10 Million Tourists Hit Spain in July

Nearly 10 Million Tourists Hit Spain in July

In July, Spain received a massive 9.9 million international tourists. Although that sounds like a lot, it is actually a 1.3% drop compared to July last year. The UK remained as the main source of visitors, with almost 2.2 million Brits heading to Spain for their summer break. Brits represent 21.9% of the total, although Continue Reading

Rental Prices Moderating Across Spain

Rental Prices Moderating Across Spain

The average cost of renting a property in Spain increased by just 0.3% in July to stand at €8.54 p/m² per month. This brings us close to the price seen in December 2009 when the average was €8.55 p/m² per month. On a year-on-year basis, the price of rental housing increased 2.1% and continues to Continue Reading

Foreign Buyers Prefer the Islands

Spain's Islands are most popular with foreigners

The Balearic Islands, the Canary Islands and the Valencian Community are the most popular regions of Spain for foreign property buyers. Autonomous communities with high tourist density, islands and Mediterranean coastal areas, lead the demand for housing purchases by foreigners. In the Balearic and Canary Islands foreigners made 27.4% of the home purchases in each Continue Reading