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Tag Archives: average

Q3 Marks 10 Quarterly Price Increases

Evolution of house prices q3 2017

The average price of housing continues to rise in Spain but at a moderate pace. According to data from the Ministry of Development, the average price stood at 1,540 euros/m² at the end of September. This follows price increases of 0.7% quarter-on-quarter and 2.7% year-on-year. The third quarter of this year is therefore the tenth Continue Reading

Price of Rental Housing Fell in July

Average cost of renting fell in July

The average price of rental housing in Spain fell by 0.4% in July. The average now stands at 8.08€ m²/month. This monthly decrease breaks the trend of recent months which saw costs steadily rising. The current average price takes us back to November 2010 when the rental average was 8.10€ m²/month. “Today, renting a flat Continue Reading

Average Price of Used Property Up in July

Used property prices increased in July

The average price of used property in Spain stood at 1,700€ p/m² in July, a monthly increase of 0.4%. This increase shows we are seeing prices stabilise and we are leaving behind the large price falls of recent years. The price in July was 4.6% more than the same month in 2016 and is the Continue Reading

Cost of Renting Increased in April

Cost or renting increased in April

The average cost of renting a home in Spain increased by 1.4% in April, to stand at 8.04€ p/m² p/month, according to the latest data from fotocasa. This is the first time since 2011 that the average cost has exceeded 8€. Even more significant is the annual variation. Compared to April 2016 the price has Continue Reading

Foreigners Buy a Third of Homes on the Islands

40% of property in Tenerife was sold to foreigners

Foreign demand for housing in Spain has maintained good performance in recent years, reaching a new high in 2016 when 13.5% of homes sold were bought by foreigners. This is similar to the results seen in recent years (13.2% in 2015, 13% in 2014), and almost 10 points clear of the historical low seen in Continue Reading

Costa del Sol Officially Sunniest Part of Spain

We’ve been saying it for years but now it’s official – the Costa del Sol is the sunniest place in Spain! A report from the National Meteorological Agency has placed the country’s southern Mediterranean coast at the top of its ranking for the sunniest parts of the country. The Costa del Sol is blessed with Continue Reading

What Makes An Average Property Buyer?

The average homebuyer in Spain is 38 years old, and in 51% of cases, has a permanent contract in the private sector, according to a study from online property portal fotocasa. The study also reveals that in 53% of cases, the purchase of a property is led by a woman, with men making the decision Continue Reading

Data Points to Continued Housing Recovery

The price of housing in Spain increased in the first quarter of the year by 2.4% year-on-year, to stand at 1,492.4 euros per m², according to data released by the Ministry of Public Works. Despite the increase, in real terms (after inflation) housing in Spain is still 34.4% below the peak prices reached pre-crisis in Continue Reading

Fotocasa Data Shows Rental Cost Increase in Q1

Property portal Fotocasa have released data showing that the average price of rental property in Spain increased by 3.1% in the first quarter. Compare this to the data released last week by Idealista which also suggested an increase, but slightly higher at 4.3%. Renting one square metre now costs an average of 7.24€ per month. Continue Reading