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Tag Archives: Andalusia

Significant Increase in New Mortgages in January

January saw a 22.5% increase in new home loans

January saw 36,832 new mortgages approved for the purchase of a home. This is 22.5% more than last January, a significant increase, according to the INE. The average amount of capital borrowed was 121,036 euros, a slight drop of 0.7%. The total amount lent for home purchases reached 4,458 million euros, an annual increase of 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

Spain Saw Over 10 Million Tourists in July

Everywhere was busy in July!

As the summer draws to a close and the country begins to relax, the tourist statistics released by the INE once again break records. Spain received a massive 10.5 million international tourists in July, 10.1% more than in the same month last year. Source No prizes for guessing where the majority of those tourists came Continue Reading

Apartments Most Popular for Holiday Rental

Only 10% of holiday rentals are villas

Four out of ten homeowners who put their property on the holiday rental market managed to rent the property within the first two weeks. In fact, 7% managed to get a tenant within the first week. 16% rented the property within one week, while 19% needed two weeks to rent it. “The speed and ease Continue Reading

Tourist Spending Increased 19.7% in April

Brits accounted for 18.4% of the total

Total spending by international tourists visiting Spain in April reached 6.7 billion Euros, an increase of 19.7% when compared to the same month of 2016. It is worth noting that Semana Santa (Easter) fell in April of this year whereas in 2016 it was in March. The average expenditure per tourist was 955 euros, an Continue Reading

Property Prices Dropped 0.7% in February

Property prices fell 0.7% in February

Resale property prices in Spain registered a slight fall in February. The average price stands at 1,497 euros per square metre, a fall of 0.7% when compared to January. When compared to February 2016, the interannual variation is -5.4%, according to data released by idealista. Autonomous Communities February saw the price of resale property increase Continue Reading

Property Sales Increased in November

The total number of property sales in Spain increased by 6,8% in November. The number of home purchases increased by 17.3%, when compared to November 2015, according to the latest data from the INE. 84.6% of purchases correspond to urban properties, with 15.4% being rustic. In the case of urban sales, 56.3% were for the Continue Reading

Tourist Spending Increased in September

The total spending by international visitors to Spain amounted to 8,328 million euros in September. This represents an increase of 10.9% over the same month in 2015, according to figures released by the INE. The average per tourist was 1,057 euros, representing an annual increase of 0.6%, while the average daily spend was 135 euros, Continue Reading

Tourist Numbers Up in September

Spain saw a 10.2% increase in tourist numbers in September with 7.9 million international visitors, according to figures from the INE. The UK was the country of origin for the majority sending 2 million tourists to our fine shores. This represents 25.4% of the total and an increase of 12.8% when compared to September 2015. Continue Reading

Almost 10 Million Tourists Visited in July

July was another great month for tourism with 9.6 million international tourists visiting Spain. This was a massive 9.3% more than in the same month in the previous year. Many people predicted that July would be busy in the wake of recent terror scares in other countries such as Turkey, Cyrpus and Egypt. They were Continue Reading