Tenants Struggle to Meet Rental Costs
The gap between tenant budgets and rental prices is growing, according to a report from property portal pisos.com. The gap between supply and demand grew to 147 euros in 2018, a massive 68% increase when compared to 2017. This means tenants are looking at paying 1,764 euros per year more than they can afford. This Continue Reading
Luxury Property Price Growth Slows
The average price of luxury housing in Spain increased by 3% year-on-year in 2018, according to a report from property portal idealista. The average price reached 6,800 euros per square metre at the end of the year. Although it increased, it did so more moderately than we’ve seen over the previous two years. In 2017 Continue Reading
Home Sales Increased 10% in 2018
According to the latest figures from the INE, there were 69,524 property sales in December, an annual increase of 7.2%. 85.2% of the properties purchased in December were urban properties, while 14.8% were rural. In the case of urban properties, 57.1% were home purchases. The number of rural property sales increased by 6.4% in December, Continue Reading
Home Sales Increased in December, Say Notaries
The number of home sales in December 2018, stood at 51,603 transactions, according to the notaries, reflecting an increase of 1.2%. By type of housing, the sale of flats showed an annual increase of 1.4%. Meanwhile, the sale of single-family homes showed a slight increase of 0.3% year-on-year. In terms of the average price, a Continue Reading
Second-Hand Housing Prices Up Slightly in January
Second-hand housing in Spain finished January with an average price of 1,703 euros per square metre. This is 1.84% higher than the price in December. Looking at the year-on-year price, January saw an increase of 8.11% when compared to January 2018, when the price stood at 1,575 euros per square metre. Prices have once again Continue Reading
82.8m Tourists Came to Spain in 2018
Despite some commentators suggesting Spain was suffering from a drop in tourist numbers, 2018 ended up beating the previous year. Throughout the year, 82.8 million tourists came to Spain for their holidays, according to data from the INE. This is a 1.1% increase over 2017 and shows that Spain is still a number one tourist Continue Reading
Rental Costs Increase Slowed in 2018
The average price of rental housing in Spain closed 2018 with an annual increase of 1.8%, according to a report from fotocasa. This leaves the average cost per month at €8.30 p/m². This is the smallest increase registered in the last four years. It is the fourth consecutive year to see rental prices increase. In Continue Reading
Gap Between Sellers and Buyers is Growing
According to a recent report from pisos.com, the gap between property prices and buyers’ expectations in Spain is growing. In 2018, the average price of properties for sale was 133,760 euros, while the average budget for buyers was 97,500. This is a difference of 36,260 euros and is 7,370 euros more than the gap seen Continue Reading
Málaga Airport Had Busiest Year Ever in 2018
In terms of passenger numbers, 2018 was the busiest year in the history of Málaga Costa del Sol Airport. This is according to figures released by airport operator, AENA. Beating 2017’s record, which fell slightly short of 19 million passengers, growth in both the domestic and international sectors brought 19,021,704 passengers through the airport. This Continue Reading
Increase in Home Mortgages in November
The number of new mortgage loans taken out in November 2018 was 29,709, representing a fall of 1.6% year-on-year. The average amount of capital loaned was €167,486, reflecting an annual decrease of 4.4%. In November, the number of new mortgage loans taken for the acquisition of a property increased by 2.6% year-on-year, to reach 23,181 Continue Reading