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Tag Archives: INE

Property Shows Moderate Price Growth in Q3

Price growth has slowed in 2019

The Housing Price Index (IPV), corresponding to the third quarter of 2019, was published last week and shows an annual increase of 4.7% in the average price of Spanish property. The increase is inline with the upward trend of recent quarters, although this increase is the smallest recorded in the last three years. Compared to Continue Reading

Housing Sales Slow Dramatically in August

The Canary Islands saw an 18.8% fall in sales

The number of home sales in Spain decreased dramatically in August with a 21.1% fall when compared to August 2018. When compared to July 2019, the fall is 26.1%, according to data from the INE. This follows similar data announced by the notaries earlier this week that the housing market had collapsed in August. Figures Continue Reading

Spain Saw an Increase in Tourism in June

Spain Saw an Increase in Tourism in June

Spain’s economy received a boost in June thanks to a 3.2% increase in international tourists, with 8.8 million visitors. The UK was once again the main source of these visitors with almost 2.1 million Brits choosing to visit Spain. This represents a massive 23.3% of the total tourists received in June, and is 5.3% more Continue Reading

Property Sales Up Slightly in May

Brits made up 14.75% of foreign sales

There were 191,875 property transfers in May, which is 4.4% higher than in the same month last year. This is according to the latest data from the INE. In the case sales of properties in the property registers, there were 96,186, an annual increase of 3.1%. 85.9% of the sales in May correspond to urban Continue Reading

Average Mortgage Value Increased in April

Average Mortgages Value Increased in April

The number of new mortgages taken on homes in April was 29,032, which is 0.1% less than in April 2018. The average amount of the loans was 124,655 euros, an annual increase of 0.7%, according to data from the INE. The total capital loaned on properties in April reached 5,325.6 million euros, a 2.6% fall Continue Reading

Housing Sales Slowed in April

Housing Sales Slowed in April

The number of properties transferred in the property registers in April was 170,518. This is 4.8% more than in the same month of 2018. However, looking only at the number of housing sales (41,049) there was a drop of 3.1%. This fall was led by the drop in the number of second-hand homes (33,368) which Continue Reading

Quarter of Visitors to Andalucia Came From the UK

Quarter of Visitors to Andalucia From UK

Spain has had a good start to the year in terms of tourism. Over 4 million international visitors came here in February, an increase of 3.8% over the same month last year. The UK was, as always, the main source of the visitors with 883,757 Brits making their way here. This represents 20.2% of the Continue Reading

Significant Increase in New Mortgages in January

January saw a 22.5% increase in new home loans

January saw 36,832 new mortgages approved for the purchase of a home. This is 22.5% more than last January, a significant increase, according to the INE. The average amount of capital borrowed was 121,036 euros, a slight drop of 0.7%. The total amount lent for home purchases reached 4,458 million euros, an annual increase of Continue Reading

Sales of New Homes Increased in January

Sales of New Homes Increased in January

The total number of property sales/purchases in the property registers in January was 198,298, 10.6% more than in the same month of 2018, according to data from the INE. 85.7% of purchases registered in January correspond to urban property, and 14.3% rural. In the case of urban properties, 56.5% were home sales. The number of Continue Reading

Number of Tourists Increase in January

Tourism increased again in January

Spain received 4.2 million international tourists in January, 2.2% more than in the same month of the previous year. The UK was the main source of tourists, with 807,347 travellers visiting Spain in January. This represents 19.2% of the total tourists and is an annual increase of 1%, according to data from the INE. German Continue Reading