Here you will find news, views, events and information relating to real-estate in Spain.
In September, there were 177,901 property transfers listed in the property registers. This is 15.9% more than in the same month of 2020. In the case of registered property sales, the number is 102,561, an annual increase of 29.3%. 87.5% of the sales registered in September correspond to urban properties and 12.5% were rustic properties. Continue Reading
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
In 2019, the average monthly mortgage repayment was 591 euros, in Spain, according to the College of Notaries. Looking at renting, the average monthly rent was 966 euros. In both cases, the percentage or monthly income allocated to housing costs is well above that recommended by the Bank of Spain. “The economic capacity of families Continue Reading
The average price of renting a room in a shared apartment in Spain rose 2.7% on the interannual variation and stood at 319 euros per month in August, according to a report from Fotocasa. “After the strong increases that we have been registering in recent years, in general, the rental market is tending to stabilize Continue Reading
In July, there was 144,522 property transfers registered in the property registers, 21.5% less than in the same month of 2019. However, compared to June 2020, the number of transfers increased by 28.6% showing that the lifting of some of the Covid restrictions is bringing life back to the property market. The total number of Continue Reading
The cumulative price of second-hand homes in Spain has increased by 15% over the last five years (since June 2015), according to data from property portal Fotocasa. “The price of second-hand housing at the end of 2019 suffered the first decrease in year-on-year prices following almost four years of uninterrupted increases. Since then, prices have Continue Reading
The price of rental property in Spain fell slightly in July, recording a monthly variation of -0.8%. When compared to the same month in the previous year, the variation is +7.9%. This change puts the average cost per square metre per month at €10.73, according to the real estate index from fotocasa. The national average Continue Reading
The price of second-hand housing in Spain fell by -0.7% year-on-year in July. This places the average cost per square metre at 1,888 euros. The national average is a massive 38% lower than the average in Madrid! Thirteen autonomous communities presented positive monthly data in July. The community with the highest increase in second-hand house Continue Reading
The price of housing in Spain didn’t go down as expected in the second quarter despite the corona virus lockdown. In fact, prices increased by 1.6% when compared to the previous quarter. Year-on-year the average price went down by 1.9%, but this was nothing like the change that some experts were predicting during the national Continue Reading
The profitability of putting your property in the rental market in coastal areas of Spain has been increasing year after year. Look for example at Cadiz, in Andalucia, where the profitability has risen to 7.5%, 0.6 points above the national average (6.9%). “Housing continues to give very high returns close to 7% on average. This Continue Reading
