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Tag Archives: may 2017

Spanish Property Sales Increased in May

New mortgages fell 1.4% in May

The number of property sales in Spain stood at 47,145 transactions in May, according to data released by the General Council of Notaries. This represents a year-on-year increase of 17.5% when compared to May in the previous year. By type of housing, the sale of used property showed an annual increase of 20.4% while sales Continue Reading

Tourist Spending Increased in May

Tourist spending increased 13.3% in May

Total spending by international tourists visiting Spain in May reached a staggering 7,841 million euros. The figure represents an increase of 13.3% over the same month of 2016, according to data released by the INE. Spain received almost 8 million tourists in May. The average expenditure per tourist was 987 euros, an annual increase of Continue Reading

Almost 8 Million Tourists in May

7.9 million tourists visited Spain in May

Spain received a massive 7.9 million international tourists in May, 11.7% more than in the same month last year. As usual, the UK was the main country of origin with over 2 million Brits arriving in Spain in May. This represents 25.7% of the total number of visitors, an increase of 14% when compared to Continue Reading

Rental Costs Increased in May

Renting costs 10.5% more than last year

Average rental costs in Spain increased by 1.3% in May, when compared to the previous month. The average price now stands at 8.14€ /m² per month, according to the latest data from fotocasa. This is only the second month since 2011 to see an average price over 8€ /m² per month. As with April, we Continue Reading

Coastal Property Prices Surge

Spain has thousands of miles of beautiful coast

Coastal property is seeing a surge in prices of both property for rent and for sale. According to data released by pisos.com, rental costs increased by 13.57%, while property for sale increased by 19.84%, when compared to 2016. Although there are certain enclaves showing a greater recovery than others, generally all coastal areas are showing Continue Reading

Second-Hand Housing Prices Up in May

Second-hand property showed an annual increase of 3.7%

The average price of second-hand housing in Spain stood at 1,680€ p/m² at the end of May, a monthly increase of 0.3%, according to data released by property portal fotocasa. The increase shows once again that the price of second-hand housing has stabilised and we are leaving behind the dramatic price drops seen in recent Continue Reading