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Tag Archives: May

Property Sales Up Slightly in May

Brits made up 14.75% of foreign sales

There were 191,875 property transfers in May, which is 4.4% higher than in the same month last year. This is according to the latest data from the INE. In the case sales of properties in the property registers, there were 96,186, an annual increase of 3.1%. 85.9% of the sales in May correspond to urban Continue Reading

Cost of Renting Increased in April

Renting is 0.8% more expensive in Spain since May

In April, the cost of renting a home in Spain registered a monthly increase of 0.8% to put the average cost per square metre at 8.54 euros per month. This price returns us to figures similar to those seen in December 2009, when the price stood at 8.55 euros/m² per month. Looking at the annual Continue Reading

Used Property Prices Up Slightly in May

Used Property Prices Up Slightly in May

The price of used housing in Spain registered a monthly increase of 0.2% during May, according to data from idealista. This brings the average cost per square metre of used housing to 1,712 euros. Compared to May 2018, the annual variation is +5.8%, nationally. The cities of Palma, Granada (both with +1.9%), and Santa Cruz Continue Reading

Home Sales Increase 4.7% in May

Sales of new homes increased by 9.2%

The number of transferred properties written in the property registers (from public deeds) in the month of May is 183,748, which represents a 9.8% increase over the same month of 2017. Of the total transfers, 93,366 were property sales, representing an annual increase of 4.1%, according to the latest figures from the INE. Nicolas de Continue Reading

Eight Million Tourists Chose Spain in May

May saw a 1% annual increase in international visitors

Spain received 8.1 million international tourists in May, 1% more than in the same month of 2017, according to figures from the INE. The UK was the main country of residence for almost 2 million of those visitors, representing 24.6% of the total, but falling by 3.9%, when compared to May last year. Germany and Continue Reading

The Cost of Renting a Home Fell in May

Prices grew 8% in the Canary Islands

The average price of renting a home in Spain decreased by 1.1% in May to stand at €8.44 p/m² per month, according to data from fotocasa. On a monthly basis, rental costs increased in eight communities and decreased in nine. The highest monthly increase was recorded in Murcia (+2.6%), followed by the Canary Islands (+1.1%) Continue Reading

May Saw Passenger Increase at Malaga Airport

May saw passenger increase at Malaga

Despite a delay in the arrival of spring, Spain is still attracting visitors and the Costa del Sol remains as one of the busiest parts of the country. As such, almost 2 million passengers passed through Málaga-Costa del Sol Airport in May. A massive 1,830,000 passengers moved on almost 13,200 flights. These figures represent an Continue Reading

Second-Hand House Prices Up in May

Used House Prices up 0.8% in May

Second-hand house prices in Spain increased in May with a 0.8% increase over April. This brings the average price per square metre to 1,645 euros, according to the latest price index from idealista. When comparing to the previous year, when the average price was 1,526, the year-on-year increase is 7.8%. Autonomous Communities Prices fell in Continue Reading

Used Property Prices Up in May

A square metre in Barcelona now over €4,000

According to the latest figures from pisos.com, average property prices of used housing in Spain increased in May by 1.08%, when compared to April. The average price now stands at 1,589 euros per square metre. In April the average price was 1,572 euros. With respect to May in the previous year, the increase is 3.05%, Continue Reading

Construction Resurgence Continues

Construction in Spain continued its resurgence in May with 7,085 new building licences issued, the highest monthly figure so far this year. In April there were only 4,795 licences issued. May’s figure was 79.5% more than in the same month last year, and showed a significant jump from the previous month which recorded this year’s Continue Reading