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Tag Archives: Q3

Average Rental Costs Up in Third Quarter

Average Rental Costs Up in Third Quarter

There appears to be some dispute as to what is happening to the rental market. One thing that can be agreed is that average rental costs increased over the summer, but by how much depends on who you ask. According to the quarterly rental price report from pisos.com, the average rented home in Spain in Continue Reading

Used-Property Prices up 2.9% During Summer

Madrid is the most expensive for used property

Used-property prices in Spain increased by 2.9% during the third quarter of 2018. This rise leaves an average square metre at 1,712 euros, according to the latest idealista price index. Looking at the annual variation, the increase is 7.7%. Fernando Encinar, head of idealista studies, says “the data corroborates the opinions that normalisation is happening Continue Reading

Third-Quarter Home Sales Highest Since 2008

Highest Q3 sales since 2008

The third quarter of the year saw a total of 121,561 homes sold in Spain, representing an increase of 16.7% when compared to the same period in 2016, according to data published by the Ministry of Development (Fomento). This is the highest number of Q3 home sales for nine years. To find a third quarter Continue Reading

Number of Foreclosures Down in Q3

Andalusia accounted for 1 in 3 foreclosures

Andalusia, Valencia and Catalonia accounted for more than half of housing foreclosures during the summer of 2017. The number of foreclosures on “personas fisicas” (property owned by an individual) continues to fall with the third quarter seeing only about 1,600 cases. This is almost half as many as were seen in the previous quarter. On Continue Reading

Q3 Marks 10 Quarterly Price Increases

Evolution of house prices q3 2017

The average price of housing continues to rise in Spain but at a moderate pace. According to data from the Ministry of Development, the average price stood at 1,540 euros/m² at the end of September. This follows price increases of 0.7% quarter-on-quarter and 2.7% year-on-year. The third quarter of this year is therefore the tenth Continue Reading

2017 Real Estate Investment Tops 8,950 million

Investment in residential property reached 1,180 million euros

The total volume of real estate investment in Spain (residential, office, retail, hotels) closed the third quarter of the year at around 8,947.4 million euros. This represents an increase of 40% over the same period in 2016. Additionally, this figure represents 94% of the total investment for the whole of 2016, which amounted to 9,564 Continue Reading

Third Quarter Sees Rental Costs Rise

The price of housing for rent in Spain increased by 0.5% during the third quarter of 2017. This leaves the average price per square metre at 9.4 euros per month. The annual variation is +24%, according to the latest report from Idealista. Fernando Encinar, head of idealista studies, says “The end of summer brings with Continue Reading

Spanish Property Prices Increased in Third Quarter

Spanish Property Prices Up in Q3

The price of housing in Spain increased by 2.3% during the third quarter of 2017. This leads to the average for a square metre rising to 1,590 euros, according to the latest price index from idealista. The annual variation is +3.7%. Fernando Encinar, head of idealist studies, says “The real estate market, both for sale Continue Reading

House Price Index Up 4% in Q3

The House Price Index for the third quarter of 2016, published this week by the National Institute of Statistics (INE), shows an annual increase of 4%. This highlights the “dynamism of the real estate market in much of the country”, according to Beatriz Toribio, head of research at fotocasa. This represents the tenth consecutive quarter Continue Reading

Average Rental Costs Fell in Q3

The average price of rental housing in Spain fell by 2% in the third quarter. This places the average price per square metre at 7.26€ p/month according to the latest data from fotocasa. These figures from fotocasa are similar to those provided by idealista earlier this month. This quarterly fall is the sharpest decline since Continue Reading