Spanish Home Sales Down 10% in July
The total number of transferred properties registered in the property registries in July was 170,109 This shows a fall of 4.7%, when compared to the same month of 2022. In the case of purchases and sales of registered properties, we see 92,262 registered transactions, representing an annual decrease of 8.7%, according to data from the Continue Reading
Sale and Rental Prices Fell in August
In August, the price of second-hand housing in Spain fell by 0.2%. The annual variation was more significant falling 7.9% since August 2022. This brings the average cost per square metre to €2,145. The monthly fall seen in August is the first fall in the last two years. “Historically, the month of August usually shows Continue Reading
New-Build Property Sales on the Increase
The total number of properties transferred in June reached 191,749, a 2.5% fall when compared to the same month in the previous year. In terms of property sales, the total number of transactions was 106,051, an annual fall of 1.6%, according to data from the INE. Of the total sales seen in June, 87.9% were Continue Reading
Price of Housing Up 9.7% in July
The price of second-hand housing in Spain increased by 0.2% in July, when compared to the previous month. When compared to the same month in 2022, the increase is 9.7%. This brings the average cost per square metre to €2,150 p/m². Notably, this increase is the seventh consecutive increase of more than 9% so far Continue Reading
Sales of Homes in Spain Slowed in May
May saw a total of 200,906 property transfers registered, a fall of 5.4% than in the same month in 2022. Of those transfers, 109,714 related to property sales, an annual decrease of 7%, according to data from the INE. 86.8% of the sales registered in May correspond to urban properties and 13.2% to rustic ones. Continue Reading
Second-Hand Property Prices Rise in Q2
During the first six months of 2023, second-hand property for sale in Spain has seen a year-on-year increase in price, closing the second quarter with a 10.8% change. The quarterly increase was 2.1%. This brings the average cost per square metre to 2,146 euros. “The increase in the price of second-hand housing at the year-on-year Continue Reading
Home Sales Slow While Prices Increase
The latest data from the INE shows that property sales in Spain fell by 8.1% in April, when compared to the previous year. 86.5% of those property sales correspond to urban properties, of which, 57.9% were sales of homes. The sales of all urban properties fell 8.2% while sales of rustic property also fell, dropping Continue Reading
Rental Prices in Spain Increase in April
The price of rental housing in Spain increased by 1.2% in April, when compared to the previous month. When compared to the same month in 2022, the increase was 7.3%. The average cost per square meter, per month, now stands at €11.69. “Although increases are no longer in double digits, the price of rental housing Continue Reading
Buying a New Property or a Resale Property
Planning to buy a property on the Costa del Sol? Choosing between a resale property and a new one is a crucial decision. Below, we’ll explore the pros and cons of each option to help you make an informed choice that suits your preferences and needs. Resale Properties Pros: Established Locations: Resale properties on the Continue Reading
Rental Prices Breaking Records
In Spain, the price of rental housing in April once again broke historical records, standing at €11.55/m² per month. This situation, which has been repeating itself since May 2022, has led the price not only to break records, but also to exceed the price recorded during the 2007 real estate bubble, by 14.1%, according to Continue Reading