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Q1 Saw Resale Property Prices Fall

Q1 closed with a 2.2% drop in prices

Somehow, we are already into the second quarter of 2017 and resale property prices in Spain marked the end of Q1 with a decline of 2.2%. This leaves the average price of a square metre of property at 1,513 Euros. The annual variation is -2.5%, according to the latest data from idealista. Fernando Encinar, head 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

Resale Property Prices Fell in January

Property prices fell 2,6% in January

After a good year in 2016, this year has started slowly for the real-estate market with the price of used housing registering a slight decline in January. The price of a square metre fell by 2.6%, to stand at 1,508 euros, according to figures released by idealista. Compared to January 2016, the annual decline is Continue Reading

Property Prices Fell Slightly in November

The price of used housing in Spain registered a decline of 1.1% during November. The average price per square metre now stands at 1,497€, according to the latest figures from idealista. If we look at the data in November 2015 (1,564 euros p/m²), the year-on-year fall is 4.3%. Autonomous Communities The price of resale housing Continue Reading

Property Prices Fell in October

Resale property prices in Spain fell by 1.3% in October to stand at an average of 1,513 euros p/m². When compared to October 2015 the variation is higher at -4.2%, according to the latest price index from idealista. Autonomous Communities The average price of used housing increased in only 2 of the 17 autonomous communities. Continue Reading

Fewer Mortgages Approved in July

The number of new mortgages taken for a home purchase in July was 18,706, representing a decrease of 14.9% when compared to the same month in 2015. The average amount of those loans was 115,540 Euros, an annual increase of 10.1%, according to data released by the National Statistics Institute. The value of mortgages taken 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

Mortgage Foreclosures Fell in Second Quarter

The number of foreclosures carried out in the second quarter of 2016 was 20,927. This represents an increase of 8.1% when we compare the figures to the previous quarter. When comparing to the second quarter of 2015 the number actually fell by 27.7%. Amongst the actions, 6,398 were on a primary residence (26.2% less than Continue Reading

Cost of Rental Property Fell in July

The average price of rental property in Spain fell by 0.6% in July. The average is 7.36€ p/m² p/month, according to the latest data released by property portal fotocasa. This is the first fall in the cost of rental property following 8 months of increases. The average cost is now similar to that of October Continue Reading