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6.4 Years Salary to Buy a Home in Spain

The cost of living in Spain grew 1% in 2018

The cost of living in Spain continues to grow as seen in the change in the annual CPI which, in 2018, grew by 1%. And when it comes to housing, the variation followed the same trend. According to a report from Fotocasa and InfoJobs, in December 2018 the average cost of rental housing in Spain Continue Reading

Housing Sales Slowed in April

Housing Sales Slowed in April

The number of properties transferred in the property registers in April was 170,518. This is 4.8% more than in the same month of 2018. However, looking only at the number of housing sales (41,049) there was a drop of 3.1%. This fall was led by the drop in the number of second-hand homes (33,368) which Continue Reading

Used Property Prices Up Slightly in May

Used Property Prices Up Slightly in May

The price of used housing in Spain registered a monthly increase of 0.2% during May, according to data from idealista. This brings the average cost per square metre of used housing to 1,712 euros. Compared to May 2018, the annual variation is +5.8%, nationally. The cities of Palma, Granada (both with +1.9%), and Santa Cruz Continue Reading

Málaga Airport Had a Busy April

Málaga airport increase in passengers

The Costa del Sol continues to attract visitors from around the world, as well as from around Spain, according to airport operator AENA. In April, Málaga Costa del Sol Airport recorded 7.5% more flights and 7.6% more passengers than in the same month of 2018. Specifically, 1,827,586 travellers moved on 13,236 flights. The vast majority Continue Reading

Mortgage Borrowing Increased in March

Mortgage Borrowing Increased in March

The number of new mortgages approved in March reached 30,716, an annual increase of 15.8%, according to data from the INE. The average amount of those home loans was 125,341 euros, an annual increase of 3.9%. The total capital loaned for the purchase of a home in March reached 3,850 million euros. This represents an Continue Reading

Foreign Buyers Still Flocking to Spain

Foreign Buyers Still Flocking to Spain

During the second half of 2018 there were 50,249 property sales to foreign buyers, an interannual increase of 1.4%. Furthermore, the figure represents 18.2% of the total purchases and sales made during those six months, according to the General Council of Notaries. Between July and December transactions carried out by foreign buyers were concentrated in Continue Reading

Home Sales Slowed in March

Home Sales Slowed in March

Property sales in Spain stood at 50,659 transactions in March, a year-on-year fall of 2.9%, according to data from the General Council of Notaries. By type of property, the sale of flats showed a strong year-on-year drop of 5.4%. The fall can be attributed to a drop in sales of both new apartments (-9.3%) and Continue Reading

Spain Received 5.6 million Tourists in March

Spain Received 5.6 million Tourists in March

Spain received 5.6 million international tourists in March, 4.7% more than the same month in 2018. According to the INE data, the UK was the main country of residence for March’s visitors. More than 1.1 million Brits arrived representing 19.7% of the total. However, the figure was 6.2% lower than in March last year. German Continue Reading

Rental Costs Increased in First Quarter

Rental Costs Increased in First Quarter

The average rental price in Spain increased 2.1% in the first quarter of 2019. In March, the average cost for renting a home was 8.47 euros p/m², according to data from fotocasa. “The average rental price continues to rise, but at a more moderate pace than what we were used to and with very different Continue Reading

Average Used Property Prices Up in April

Average Used Property Prices Up in April

According to pisos.com, the average price of second-hand housing in Spain was 1,715 euros per square metre in April. This represents an increase of 0.86% compared to March. With respect to April 2018, the annual variation is 9.08%. Last April the average price was 1,572 euros p/m². “House prices continue to move at a reasonable Continue Reading