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Cost of Renting in Spain Fell in November

Cost of Renting in Spain Fell in November

The average price of renting a home in Spain dropped by 0.5% in November. This takes the average price per square metre, per month down to €8.18, according to data from Fotocasa. As for the year-on-year variation, the cost of renting increased by 0.6%, when compared to November last year. This continues the annual increases Continue Reading

Home Sales Increased in October

Home Sales Increased in October

The number of homes sold in October was 49,515, according to the General Council of Notaries. This represents an increase of 8.4% when compared to the same month last year. By type of property, the sales of flats showed an increase of 6.2%, while sales of single-family homes showed an increase of 16.5%, year-on-year. The Continue Reading

Second-Hand Housing Prices Up in November

House prices up in November

The average price of second-hand housing in Spain increased by 0.7% in November, when compared to the previous month. This brings the average price per square metre to €1,861, according to data from fotocasa. Other than from April to May, all monthly increases throughout 2018 have been between 0.3 and 0.9%. Looking at the year-on-year Continue Reading

Home Sales Increased in August

Home sales up in August

The total number of properties transferred in the property registers in August was 156,893. This represents 7.8% more than in the same month last year. 88.7% of purchases in August related to urban property and 11.3% were rural. In the case of urban properties, 58.5% were home purchases, amounting to 44,637 properties. On the monthly Continue Reading

Price of Rental Housing Up in Second Quarter

Murcia saw the biggest increase in rental costs

The price of rental housing in Spain increased by 2.4% during the second quarter of 2018. This brings the average price per square metre to 10.8 euros per month, according to the latest data from idealista. When comparing to the same period in 2017, the increase reaches 15.6%. “It is true that we are experiencing Continue Reading

Spain’s Housing Stock Increasing

Spain's Property Stock Increasing

In 2017, there were 26,645,100 registered homes in Spain, 0.23% more than in 2016, the largest increase since 2013. Thus, in one year the housing stock has increased by more than 58,000 properties, according to data from the Ministry of Development. Andalusia was the community with the most stock, with a total of 4,422,047 registered Continue Reading

Property Sales Rebound in April

Home sales increased 58.3% in April

Following a slight dip in March, property transfers across Spain rebounded in April, registering a year-on-year increase of 20.8%, according to figures from the INE. The total number of properties transferred in the property registers in April reached 161,444. However, as Holy Week was in March this year and in April last year, it makes Continue Reading

Tourist Numbers Up in March

The Canary Islands attracted most visitors in March

Spain received 5.4 million international tourists in March, 9.6% more than in the same month in 2017, according to figures from the INE. The UK was the main source of travellers in March with 1.2 million Brits visiting. This represents 22% of the total international travellers. It also represents an increase of 5.6% when compared Continue Reading

Foreigners Account For 6.9% of Mortgages in 2017

The number of new mortgages registered in 2017 was 310,640, an increase of 10.9% with respect to 2016. The autonomous communities with the highest number of new mortgages were Andalucía (60,026), Comunidad de Madrid (56,866), Cataluña (50,848) and Comunidad Valenciana (32,408). Of all the autonomous communities the number of new mortgages on housing increased with Continue Reading

Average Rental Prices Increased During Q1

Rents increased 1.3% compared to February

At the close of the first quarter, rental prices had increased by 3.72%, when compared to the close of the previous quarter. This brought the average price to 780 euros. When compared to February, the increase is 1.3%. Compared to the same period in 2017, the increase is 15.56%, according to the latest data from Continue Reading