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Tag Archives: Property For Sale

British Still Most Numerous Foreign Buyers

Brits still dominate sales to foreign buyers

The sale of property to foreign buyers fell by 3.2% in the first half of 2019. Non-resident foreign buyers accounted for 41% of those transactions, a fall of 9.7%. Resident foreign buyers accounted for 59%, representing an increase of 1.9%, according to data from the General Council of Notaries. Purchases by foreign buyers varied greatly Continue Reading

Property Market Stable in September

Property Market Stable in September

There was 42,538 property sales/purchases in September, according to data from the General Council of Notaries. On the annual rate this figure is unchanged from the previous year. When compared to August the monthly variation is a fall of 4.8%. By type of housing, the sale of apartments showed a slight decrease of 1.2%. This Continue Reading

House Prices Continue to Rise in October

House prices continue to grow across Spain

The price of second-hand property in Spain increased by 0.1% in October, when compared to September. On a year-on-year basis the increase was 2.4%. This change brings the average cost per square metre to 1,892 euros, according to the fotocasa real estate index. This is the fifth consecutive October to show an annual increase. The Continue Reading

Housing Market Will Continue to Grow

Housing Market Will Continue to Grow

Mortgage data released by the INE suggests a significant slowdown in lending from banks for the purchase of a home. Specifically, the number of loans granted in August was down 29.9% when compared to August of the previous year. A little over 20,000 new mortgages were approved which is the lowest monthly figure since October Continue Reading

Málaga Airport Records Busiest Ever September

The skies over Malaga were busy in September

For the first time in its 100 year history, Malaga airport saw more than 2 million passengers pass through in September. In fact, 2,026,920 travellers used the airport, an increase of 2.4% compared to the same month last year making it the busiest September ever. The increase in passengers was seen in both the international Continue Reading

Housing Sales Slow Dramatically in August

The Canary Islands saw an 18.8% fall in sales

The number of home sales in Spain decreased dramatically in August with a 21.1% fall when compared to August 2018. When compared to July 2019, the fall is 26.1%, according to data from the INE. This follows similar data announced by the notaries earlier this week that the housing market had collapsed in August. Figures Continue Reading

Over 10 million Tourists Chose Spain in August

Over 2 million Brits arrived in August

In August, Spain received a massive 10.1 million international tourists, 0.5% lower than in the same month last year. The UK was once again the main source of those tourists. Almost 2.2 million Brits chose Spain for their August holidays, representing 21.5% of the total, but a decrease of 3.1% when compared to August last Continue Reading

Borrowing For Home Buying Up in July

Home borrowing increased in July, year-on-year

There was an increase of 13.1% in the number of new mortgages taken on homes in July, when compared to July 2018. However, the average amount of the loans taken fell by 2.5% to 121,414 euros, according to data from the INE. The total borrowed for home loans in July reached a massive 4,048 million Continue Reading

Malaga Airport – Busiest August in 100 Years

Malaga Airport - Busiest August in 100 Years

Malaga-Costa del Sol Airport had a record-breaking August, the busiest since its creation 100 years ago. Over 2.2 million passengers passed through in August, 4.1% more than in the same month in 2018. Both foreign and domestic numbers increased, according to data from airport operator AENA. The bulk of users travelled on commercial flights (excluding Continue Reading

Costa del Sol Busy with Tourists in July

Costa del Sol Busy with Tourists in July

The Costa del Sol is once again a tourist mecca with 2.2 million passengers passing through Malaga airport in July. Those travellers moved on 15,900 flights, according to airport operator AENA. These figures represent an increase of 3.8% in passenger numbers and 2.5% more flight operations, when compared to July in the previous year. The Continue Reading