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Tag Archives: inmobiliaria

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

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

Cost of Renting Up in October

Moving to a new rental costs 2.4% more

In October, the price of rental housing in Spain increased 2.4% when compared to September. On a year-on-year basis the increase was 3.6%, bringing the average price per square metre per month to €9.81. Across the autonomous communities the most expensive rental property is found in Madrid and Catalonia, with average prices of €14.82 p/m² Continue Reading

October Another Busy Month For Malaga

October Another Busy Month For Malaga

Malaga-Costa del Sol airport saw 1.8 million travellers pass through in October, an increase of 0.6% when compared to the same month last year. The passengers moved on 13,152 flights, a slight drop (-1.6%). The majority of passengers moved on commercial flights (1,870,398). Of these, 1.6 million were on international flights, 0.6% more than in Continue Reading

Property Market Stable in September

Property Market Stable in September

There was 42,538 property sales/purchases in September, according to data from the General Council of Notaries. On the annual rate this figure is unchanged from the previous year. When compared to August the monthly variation is a fall of 4.8%. By type of housing, the sale of apartments showed a slight decrease of 1.2%. This Continue Reading

House Prices Continue to Rise in October

House prices continue to grow across Spain

The price of second-hand property in Spain increased by 0.1% in October, when compared to September. On a year-on-year basis the increase was 2.4%. This change brings the average cost per square metre to 1,892 euros, according to the fotocasa real estate index. This is the fifth consecutive October to show an annual increase. The Continue Reading

Housing Market Will Continue to Grow

Housing Market Will Continue to Grow

Mortgage data released by the INE suggests a significant slowdown in lending from banks for the purchase of a home. Specifically, the number of loans granted in August was down 29.9% when compared to August of the previous year. A little over 20,000 new mortgages were approved which is the lowest monthly figure since October 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

Borrowing For Home Buying Up in July

Home borrowing increased in July, year-on-year

There was an increase of 13.1% in the number of new mortgages taken on homes in July, when compared to July 2018. However, the average amount of the loans taken fell by 2.5% to 121,414 euros, according to data from the INE. The total borrowed for home loans in July reached a massive 4,048 million Continue Reading