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Tag Archives: Madrid

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

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

Cost of Renting Up 18.4% in 2017

Barcelona has the highest cost of renting

The cost of renting housing in Spain experienced a rebound in 2017 and ended the year with an annual increase of 18.4%. This leaves the average cost per month at 9.7 euros per square metre. The fourth quarter of the year saw a slowdown in the pace of growth as prices only increased by 3.3% Continue Reading

Tourists Still Flooding to Spain in September

Close to 9 million tourists arrived in September

As one of the busiest summers ever drew to a close Spain was still attracting the tourists with over 8.8 million visitors arriving in September. This is an increase of 11.4%, when compared to the same month last year, according to the latest data from the INE. As usual, the UK was the main emitting Continue Reading

Top 10 – Spain’s Most Expensive Streets

Cinema rooms are common in La Zagaleta

The urbanisation La Zagaleta, located in Benahavís, Malaga, holds the record for being the most expensive residential area in the whole of Spain. Homes in this exclusive development exceed 5.6 million euros on average. Despite being private homes, not hotels, most properties in La Zagaleta have more than 8,000m² plots, elevators, a cinema room and/or Continue Reading

Average Property Prices Up in Second Quarter

Q2 saw average prices increase by 2.7% nationally

The recovery of the Spanish housing market continues to progress but at different speeds according to where you are. Varying changes to average property prices are being seen across the country. The national average price of finished housing (new and used) increased by 2.7% year-on-year in the second quarter of the year. The average cost Continue Reading

Resale Property Prices Fell in April

Resale prices fell 1,67% in April

According to figures released by pisos.com, resale property prices in Spain in April 2017 stood at 1,526 euros per square metre. This represents a fall of -0.41%, when compared to the previous month. When compared to April in the previous year, the fall is -1.67%. However, Miguel Angel Alemany, general director of pisos.com, says “the Continue Reading

Increase in New Mortgages in August

There were over 20,000 new mortgages taken out on property in Spain during August. This represents a 6.4% increase over the same month in 2015. When comparing to July the variation is +10.2%. This is the first time in five years that August has shown an increase over July. The average amount borrowed was 110,121 Continue Reading

A New Record For Airline Traffic in August

August was typically hectic once again with millions of tourists descending on our shores for their summer holidays. Roads were clogged, shops were full, airports were packed with passengers and parking became a heated competition. Now the figures are in and yes, it was a record! The airports within the AENA network handled a massive Continue Reading

Spain Scores Well in Investment Report

Knight Frank’s Global Wealth Report 2016 has been released and it paints a rather pretty picture of Spain’s property market. According to the report, global residential property markets rose on average by 1.8% in 2015, slightly under the previous year’s 2% increase. However, in the latest report the data shows that 66% of the 100 Continue Reading