Here you will find news, views, events and information relating to real-estate in Spain.
The price of rental property in Spain increased by 8.8% during the first quarter of 2017. The average price of rental property now stands at 8.9€ per square metre, per month. According to research from idealista, the increase in rental costs is being driven by increased demand. The demand is being led by two distinct Continue Reading
Somehow, we are already into the second quarter of 2017 and resale property prices in Spain marked the end of Q1 with a decline of 2.2%. This leaves the average price of a square metre of property at 1,513 Euros. The annual variation is -2.5%, according to the latest data from idealista. Fernando Encinar, head Continue Reading
Home purchases in Spain by foreign buyers continued to rise in the first half of 2016. From January to June almost 40,000 foreigners bought a home in Spain, 17.5% of the total property sales for that period. This is according to data released by property portal Idealista. The first quarter of 2016 saw foreigners by Continue Reading
In the first quarter of this year almost all Spanish regions showed an increase in housing purchases, according to data released by the General Council of Notaries. There were increases in all regions except for Navarra and Aragon, and around 90% recorded double-digit increases. Catalonia and Asturias saw the largest increases in sales numbers with Continue Reading
The average price of urban land showed an annual increase of 5.3% in the first quarter of 2016, to stand at 157.7 euros per m², according to data released by the Ministry of Public Works. When compared to the previous quarter, the increase is 3.9%. When looking at the cost in municipalities of over 50,000 Continue Reading
The number of evictions carried out between January and March this year represented an annual decrease of 11.6%, with 16,688 evictions performed across the country. The number represents the biggest fall since the first quarter of 2014 when the historical data series began. Location The number of foreclosures fell in 14 of the country’s 17 Continue Reading
As the recovery continues and Spain begins to see the return of construction, it appears that the majority of new build free housing is concentrated in a few regions. Free housing refers to properties that are not subject to any public protection system and can be transferred between parties without any restriction. Together, Andalusia and Continue Reading
According to data released by the Ministry of Public Works, there were 103,288 house sale transactions made before a notary in Spain in the first quarter of 2016. You would need to go back to 2010 to find the first quarter with as many sales. The figure represents an increase of 20.7% when compared to Continue Reading
According to the latest Real Estate Flash Report from BBVA, despite a slow-down in house sales in March, the results from the first quarter of the year remain positive. Year-on-year, the first quarter closed with a 2.4% increase in property prices, a factor which the BBVA highlight as a confirmation of the recovery of the Continue Reading
Further to other data I have posted recently, the number of foreclosures has seen a significant fall in the first quarter of the year, adding to speculation that the property market recovery continues. The number of foreclosures on homes in Spain fell in Q1 by 31.2%, to stand at 6,118 actions, according to the latest Continue Reading
