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Tag Archives: inmobiliaria

Slight Fall in House Prices in First Quarter

Prices fell -1.16% in the first quarter of 2021

Average second-hand house prices in Spain in March 2021 reached 1,699 euros per square meter. This figure represents a drop of -1.16% compared to December 2020. Year-on-year, the increase was 0.56%. The monthly variation when compared to February 2021 was -0.64%. The predictions for price falls that second-hand house prices would suffer due to the Continue Reading

Home Sales and Mortgages Decline in February

New mortgages fell 12.8% compared to last year

Data provided by the College of Property Registrars on the home sales and of new mortgages registered during the month of February confirms the downward trend and the impact on the market of the coronavirus pandemic. After the bad start seen in January, with the biggest drop seen in mortgages (-30.4%) and the return to Continue Reading

Cost of Renting Falls – First Time in 5 Years

Madrid is the most expensive community for renting

The average price of rental housing in Spain fell by 1.7% year-on-year in February, the first fall following almost six years of increases. When compared to January, the fall in the cost of rental housing was -0.9%. This brings the average cost per square metre per month to €10.48, according to data from fotocasa. The Continue Reading

Second-Hand House Prices Up in February

Spanish housing continues to bounce back

The price of second-hand housing in Spain increased by 0.5% in February placing the average cost per square metre at 1,883 euros. Year-on-year, the variation was +2.2%, the fourth year-on-year increase following 11 months of falls (from December 2019 to October 2020). “One of the most significant consequences that the confinement of 2020 has left Continue Reading

Used House Prices Down 30% in 15 Years

Spanish property prices are down 30% since 2005

The cumulative price of housing for sale has risen in Spain by 16% in the last 5 years, but has fallen by -17% in 10 years and by -30% in the last 15 years. This is according to a report from fotocasa which was based on the prices of housing for sale in December of Continue Reading

Spanish Home Sales Up in December

Property sales fell -17.7% across Spain

The number of property transfers registered in the property registers (from public deeds) in December 2020 was 150,891, which is 9.1% more than in the same month of 2019. In the case of registered property sales, the number of transfers is 76,516, with an annual increase of 7.2%. 84.3% of the sales registered in December Continue Reading

Second-Hand Property Prices Up in January

Madrid and Basque Country are most expensive

In Spain, the monthly variation in the price of second-hand housing decreased by -0.1% in January. The year-on-year variation increased by 1.8%, bringing the average price to 1,874 euros/m², according to data from the Fotocasa. This last value is the third year-on-year rise in house prices after 11 months of year-on-year falls (from December 2019 Continue Reading

Rental Housing Price Increases Slowing

Average rental price is 10.65 euros/m² per month

The regular increase in the price of rental housing in Spain appears to be slowing with the smallest increase in six years seen at the end of 2020. The close of the year saw rental prices increase by only 4.6% to put the average cost per square metre at 10.65 euros per month. This increase Continue Reading

Spanish Home Sales Up in November

New property sales up 0.6% in November

According to figures from the National Institute of Statistics, there were 83,221 property sales in November, an annual increase of 4.2%. 84.6% of those property sales were urban properties, with the remaining 15.4% classed as rustic. In the case of the urban properties, 56.3% were for the sale of homes. The number of sales of Continue Reading

Andalucia Top For Home Sales in October

Andalucia still popular with home buyers

In Spain, there was 156,875 property transfers registered in the property registers in October. This is 8.2% less than in the same month of 2019, according to figures released by the INE. Of those transfers, 77,536 related to property sales/purchases, an annual decrease of 11.6%. Of those sales, 84.2% were in regard to urban properties, Continue Reading