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Tag Archives: July

New Home Mortgages Increased in July

New Home Mortgages Increased in July

The total number of new mortgages approved in July was 137,766 euros. This represents a 0.6% fall when compared to the same month in 2017. Of those, 29,287 were mortgages for a home purchase, 14.6% more than July in the previous year. The total borrowed capital reached 5,407.3 million euros, 15.2% more than in the Continue Reading

Passenger Numbers Break Records at Málaga Airport

Passenger Numbers Break Records at Málaga Airport

Over the first eight months of this year, Malaga Airport has handled a massive 13 million passengers. This represents an increase of 1.3% when compared to the same period last year. The increase was driven largely by significant growth in domestic traffic which recorded double-digit growth. The number of flights also increased with 2% more Continue Reading

Home Sales Increased in July

The total number of properties transferred in the property registers in Spain in July was 169,683. This represents an increase of 14.5% when compared to the same month in the previous year, according to the latest data released by the INE. 87.8% of the purchases in July relate to urban property, while the remaining 12.2% Continue Reading

Spain Received 10 Million Tourists in July

Spanish streets were filled in July

Despite a handful of scaremongering articles suggesting Spain’s tourism market is under threat, Spain dealt with 10 million international tourists in July, 4.9% less than in the same month last year, according to data from the INE. This is not a huge drop and is easily explained. For a few years, following terror attacks, Turkey, Continue Reading

July Saw Busiest Day Ever at Malaga Airport

July 28th was the airports busiest day ever

Malaga-Costa del Sol Airport has handled 2.1% more passengers and 2.8% more flights between January and July this year than it did in the same period last year. Specifically, in the first seven months of the year, the airport has seen over 10.8 million passengers distributed across more than 80,000 flights. The bulk of the Continue Reading

Average Price of Used Property Up in July

Used property prices increased in July

The average price of used property in Spain stood at 1,700€ p/m² in July, a monthly increase of 0.4%. This increase shows we are seeing prices stabilise and we are leaving behind the large price falls of recent years. The price in July was 4.6% more than the same month in 2016 and is the Continue Reading

Fewer Mortgages Approved in July

The number of new mortgages taken for a home purchase in July was 18,706, representing a decrease of 14.9% when compared to the same month in 2015. The average amount of those loans was 115,540 Euros, an annual increase of 10.1%, according to data released by the National Statistics Institute. The value of mortgages taken Continue Reading

Q2 HPI at 3.9% – Property Sales Down 3.6%

The annual variation of the Housing Price Index stood at 3.9% at the closing of the second quarter, a decrease of two and a half points. On new housing the annual rate is 8.4%, more than 2 points higher than in the previous quarter, according to the latest figures from the National Statistics Institute. For Continue Reading

Tourist Spending Increased in July

Tourist spending increased in July this year reaching a total expenditure of 10,257 million euros, 7% more than in the same month last year, according to the latest figures released by the National Statistics Institute (INE). The average expenditure per tourist fell slightly to 1,027 euros, a decline of 2.1%. However, the average daily spend Continue Reading

Almost 10 Million Tourists Visited in July

July was another great month for tourism with 9.6 million international tourists visiting Spain. This was a massive 9.3% more than in the same month in the previous year. Many people predicted that July would be busy in the wake of recent terror scares in other countries such as Turkey, Cyrpus and Egypt. They were Continue Reading