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Here you will find news, views, events and information relating to real-estate in Spain.

Tag Archives: Property For Sale

Property Market Recovery from Lockdown Continues

Sales continue to increase following pandemic slowdown

In May, there was 184,608 property transfers registered in the property registrars. This is 142.7% more than in the same month of 2020. Of course, in May 2020 the country was in lockdown and real estate transactions ceased. In the case of property sales, May saw 97,744 transactions, an annual increase of 144.9%, according to Continue Reading

Price of Spanish Homes Fell in Second Quarter

Housing showed the first Q2 fall in four years

In Spain, the price of second-hand housing underwent a quarterly decrease of -0.7% in the second quarter of 2021 and a year-on-year increase of 0.5%. This places the average price at 1,883 euros p/m², according to data from Fotocasa. The quarterly decline (-0.7%) in property for sale is the first drop in this period after Continue Reading

Property Transfer Tax Reduced in Andalucia

A new flat rate of 7% will be welcomed

Some good news for property buyers recently announced is that the Andalusian government has approved a decree that includes a reduction in the Property Transfer Tax on the purchase and sale of second-hand homes. Previously, there were three rates set at 8%, 9% and 10% (depending on the property value) but these will now be Continue Reading

Second-Hand House Prices Up in May

The Balearic Islands are the most expensive community

The average price of second-hand housing in Spain in May 2021 was 1,834 euros per square metre. This figure represented a rise of 0.88% compared to April, when the price per square metre was 1,818 euros. The rebound compared to May 2020 was 1.75%, since the average price a year ago stood at 1,802 euros Continue Reading

Homes Sales Increased in February

Homes sales up 4.3% compared to January

In February, there was 178,240 properties transferred in the property registers, a fall of -8.6% when compared to February 2020. When compared to the previous month the variation is +16%, according to data from the INE. In the case of registered sales, there was 89,395, an annual decrease of just -2.5%. 86.0% of the sales Continue Reading

Slight Fall in House Prices in First Quarter

Prices fell -1.16% in the first quarter of 2021

Average second-hand house prices in Spain in March 2021 reached 1,699 euros per square meter. This figure represents a drop of -1.16% compared to December 2020. Year-on-year, the increase was 0.56%. The monthly variation when compared to February 2021 was -0.64%. The predictions for price falls that second-hand house prices would suffer due to the Continue Reading

Home Sales and Mortgages Decline in February

New mortgages fell 12.8% compared to last year

Data provided by the College of Property Registrars on the home sales and of new mortgages registered during the month of February confirms the downward trend and the impact on the market of the coronavirus pandemic. After the bad start seen in January, with the biggest drop seen in mortgages (-30.4%) and the return to Continue Reading

Second-Hand House Prices Up in February

Spanish housing continues to bounce back

The price of second-hand housing in Spain increased by 0.5% in February placing the average cost per square metre at 1,883 euros. Year-on-year, the variation was +2.2%, the fourth year-on-year increase following 11 months of falls (from December 2019 to October 2020). “One of the most significant consequences that the confinement of 2020 has left Continue Reading

Used House Prices Down 30% in 15 Years

Spanish property prices are down 30% since 2005

The cumulative price of housing for sale has risen in Spain by 16% in the last 5 years, but has fallen by -17% in 10 years and by -30% in the last 15 years. This is according to a report from fotocasa which was based on the prices of housing for sale in December of Continue Reading

Spanish Home Sales Up in December

Property sales fell -17.7% across Spain

The number of property transfers registered in the property registers (from public deeds) in December 2020 was 150,891, which is 9.1% more than in the same month of 2019. In the case of registered property sales, the number of transfers is 76,516, with an annual increase of 7.2%. 84.3% of the sales registered in December Continue Reading