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Tag Archives: august

Property Sales Increased in August

Sales of Spanish property increased in August

There were 142,976 property transfers (sales/purchases, inheritance, exchange, donation) registered in the property records in August. This is 5.9% more than in the same month last year. This is yet another increase and adds further confirmation that the Spanish property market is recovering well from years of slowdown following the 2007 crisis. In terms of Continue Reading

Cost of Renting Increased 10% in August

Average rental cost increased 10% in August

The average cost of renting increased by 10% year-on-year in Spain in August. This is the third year-on-year increase over 10% in 2017, in addition to 30 consecutive months of annual growth, according to the latest data from fotocasa. The year-on-year variation recorded this month is the third highest recorded this year: in May it Continue Reading

Increase in New Mortgages in August

There were over 20,000 new mortgages taken out on property in Spain during August. This represents a 6.4% increase over the same month in 2015. When comparing to July the variation is +10.2%. This is the first time in five years that August has shown an increase over July. The average amount borrowed was 110,121 Continue Reading

Tourist Spending Increased in August

As mentioned in a previous article, Spain had a huge August in terms of tourism with over 10 million international visitors passing through. Those tourists spent more than they did in 2015 with an increase in total tourist spending of 3.8%. The total expenditure of tourists in August was 10,354 million euros, according to data Continue Reading

Home Sales Up 20% in August

The number of properties sold in August increased when compared to August 2015. This is according to the latest data from the National Statistics Institute. It further confirms the recovery of the real-estate market in Spain. The total number of properties sold in August was 69,409, representing annual growth of 13.8%. Of those, 87.1% related Continue Reading

Over 10 Million Tourists in August

As expected, August was another record month for tourists with Spain receiving 10.1 million international visitors. This represents a 5.8% increase over the same month in 2015, according to the official data from the National Statistics Institute. Visitors from the UK made up the largest proportion with 2.3 million Brits arriving in Spain. There were Continue Reading

Another Great Month for Hoteliers in August

The number of overnight stays in Spain increased by 3.8% in August, when compared to the same month of 2015, to reach 46.4 million overnight stays. Overnight stays by Spanish residents fell by 0.3%, while overnight stays by foreign residents increased by 6.3%, according to the latest data from the National Statistics Institute. For the Continue Reading

Resale Property Prices Fell 0.1% in August

Resale property prices in Spain fell by 0.1% during August, compared to the previous month, to stand at an average of 1,529€ p/m². When compared to August in the previous year the fall is 3.1%, according to the latest house price index from idealista. Autonomous Communities The price of resale-property increased in 11 of the Continue Reading

A New Record For Airline Traffic in August

August was typically hectic once again with millions of tourists descending on our shores for their summer holidays. Roads were clogged, shops were full, airports were packed with passengers and parking became a heated competition. Now the figures are in and yes, it was a record! The airports within the AENA network handled a massive Continue Reading

Housing Prices Fell 0.5% in August

Housing prices in Spain fell by 0.5% in August, when compared to the previous year, to reach 1,322 points, according to the latest data from Tinsa. The index shows that the market has stabilised with a slight growth of 0.2% across the first eight months of 2016. The only increases were recorded in the “Mediterranean Continue Reading