Spain’s housing stock increased only slightly (0.19% year-on-year) in 2015 with fewer than 50,000 new homes being built, bringing the total number of households in Spain to 25.5 million. The number of new properties represents the lowest figure of the historical series, which began in 2001, and is 11 times less, or 91.2% less, than Continue Reading
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Tag Archives: construction
Andalusia and Valencia Have Most New Property
As the recovery continues and Spain begins to see the return of construction, it appears that the majority of new build free housing is concentrated in a few regions. Free housing refers to properties that are not subject to any public protection system and can be transferred between parties without any restriction. Together, Andalusia and Continue Reading
Madrid, Andalusia and Catalonia Need More Property
Madrid, Andalusia and Catalonia are the autonomous communities of Spain with the highest demand for new property, according to a new report from the IESE. The report suggests that Spain needs to build an average of 100,000 homes per year until 2020 to meet the increased demand for property. From 2020 to 2025 the demand Continue Reading
Spanish Housing Recovery – Get the Whole Story
A friend of mine told me an interesting yet slightly worrying story last night. He was sitting in the Myramar shopping centre in Fuengirola having a coffee while waiting for a children’s party to end. On the table next to him was a young English couple discussing property in Fuengirola. They had clearly just spent Continue Reading
BBVA Report Indicates Housing Recovery Continues
According to the latest Real Estate Flash Report from BBVA, despite a slow-down in house sales in March, the results from the first quarter of the year remain positive. Year-on-year, the first quarter closed with a 2.4% increase in property prices, a factor which the BBVA highlight as a confirmation of the recovery of the Continue Reading
Mortgage Approvals Increased in March
Following a great start to the year in terms of the number of property sales, mortgage statistics released today further demonstrate the improvements we are seeing in the Spanish property market. Cinco Dias reported that 46.7% of property purchases in March required external financing, an increase of 61% from the low that was seen in Continue Reading
February Saw 34% Increase in Building Licences
The number of building licences approved in February increased by a whopping 34.8% year-on-year, reaching 5,663 licences, according to data released by the Ministry of Public Works. The data further validates the opinion that 2016 has started well for the real-estate and construction industries. The data also offers good prospects for the rest of the Continue Reading
Marbella Real-Estate Picking Up
Following eight years of negativity since the crisis of 2008, property agents and developers are looking positively at 2016. But it’s not only the real-estate market that is on the up. The whole of Spain seems to be having a great year. Here are just a few of the positive points from the first quarter Continue Reading
Benahavis Expansion Plans
As the Spanish property market continues to show signs of a recovery, we see an increase in the number of cranes on the horizon and this is true for most of the coast. The small Spanish pueblo of Benahavis is no exception. This tranquil village has been rocked by a large number of new developments Continue Reading
