BLOG

Here you will find news, views, events and information relating to real-estate in Spain.

Tag Archives: for sale

Home Mortgage Borrowing Up in January

Home mortgage borrowing up 20% in Andalucia

January saw a 6.1% increase in the number of new home mortgages. The average amount, however, fell by 5% to 114,691 euros, according to data released by the INE. On all property types, the average amount also fell, with an average of 129,387 euros, 12.2% lower than the same month in 2019. The total amount Continue Reading

New Property Gaining Ground

Buyers have a large choice of new build

With new developments seeing a resurgence since dropping following the crisis, it is no wonder that in 2019, 37% of buyers chose a new property. This is significantly higher than the previous two years. In 2018 new property was the choice for 29% of buyers, and only 20% in 2017. Buyers are of course still Continue Reading

Home Mortgage Borrowing Up in 2019

December saw a huge 43% increase in new mortgages

In December, there were 30,285 new mortgage loans for home purchases, a massive 43% more than in December 2018. Compared to the previous month, the variation was +3.9%, according to figures released this week by the INE. The average amount of those loans fell slightly to 122,079 euros, a 4.2% drop. The total amount of Continue Reading

2020 Opens with a Slight Drop in House Prices

Good news for buyers as prices fall slightly

Second hand housing in Spain saw a small price drop in January with prices shrinking by 0.3%, when compared to December. The annual variation was -1.9%, bringing the average price per square metre to 1,841 euros, according to the fotocasa real estate index. The national average is a massive 40% lower than the average in Continue Reading

Used House Prices up 4.6% in 2019

House prices up almost 5% in 2019

The price of used housing in Spain has increased 4.6% during 2019. This increase puts the average cost per square metre at 1,763 euros, according to data from idealista. During the last quarter, the increase was 1.6%, although this is based only on provisional data. According to Fernando Encinar, head of studies at idealista, “the Continue Reading

Used Property Prices Increase in November

Used property prices up 2.75% year-on-year

The average price of second-hand housing in Spain stood at 1,706 euros per square metre in November 2019. The figure represents a monthly variation of -0.27% when compared to October. With respect to November 2018, the variation is +2.75%, according to data from pisos.com. In November last year the average cost per square metre stood Continue Reading

10% of Property Purchases Made For Investment

70% of investment buyers offer long-term rental

Over the last 12 months, purchases of housing as an investment represented 10% of the total sales transactions made in Spain. Sales of property for investment now make up the same amount as those transactions to purchase a second home, which also number 10% of the total. For comparison, the purchase of property for the Continue Reading

House Prices Down in Third Quarter

Prices fell 0.47% in Andalusia

The average price of second-hand housing in Spain stood at 1,696 euros per square metre at the end of September. This figure represents a fall of 1.15% when compared to the previous quarter. However, when compared to Q3 in the previous year, the variation is +2.63%. On a monthly basis, the figure is 0.09% lower Continue Reading

Property Prices Remaining Stable in 2019

Property Prices Remaining Stable in 2019

During the first six months of this year the average price of housing has grown 0.1% to stand at 1,637 euros p/m² in June, according to the Ministry of Development. The year-on-year increase in the second quarter reached 3.1%, led by the communities of Madrid (+5.2%), the Balearic Islands (+5%), and Catalonia (+4.3%). The quarterly Continue Reading

Slowdown in Property Sales in July

New property sales fell 33.1%

In July, there were 46,015 housing sales, an interannual fall of 20.8%, according to a report from the General Council of Notaries. By type of housing, there was a 21.6% year-on-year fall in the sale of apartments, while sales of single-family homes fell by 17.5%. The falls were due to a fall of 33.1% in Continue Reading