Spain Saw an Increase in Tourism in June
Spain’s economy received a boost in June thanks to a 3.2% increase in international tourists, with 8.8 million visitors. The UK was once again the main source of these visitors with almost 2.1 million Brits choosing to visit Spain. This represents a massive 23.3% of the total tourists received in June, and is 5.3% more Continue Reading
Home Sales Slowed Across Spain in June
In June, there were 81,218 property sales recorded in the property registers, 7.7% less than in the same month last year. 86.9% of the sales were for urban properties, with 13.1% being rural. In the case of urban, 58.1% were home sales. The number of rural property sales fell by 10.7% in June on the Continue Reading
Tourist Property is Cheaper This Year
Tourist property is getting cheaper, according to a study of occupancy and prices carried out by Rentalia. The average price being advertised for a tourist property less than 15km from a Spanish beach in August is only 29.6 euros per person per night. This represents a 5% drop when compared to the same month in Continue Reading
Another Busy Year at Malaga Airport
Malaga airport is having another great year closing the first half with a 6.4% increase in passengers and 5.3% more flights than in the same period of 2018. In June alone, more than 2 million travellers moved through the airport on 14,500 flights (+4.6%), according to airport operator AENA. Jan to June Between January and Continue Reading
Coastal Property Prices Still Increasing
The price of homes along the Spanish coast grew by 5.7% during the last 12 months, reaching an average cost per square metre of 1,727 euros, according to a report from idealista. The price of coastal homes on the Costa del Sol grew the most with an increase of 9.9%. In 2018, a Costa del Continue Reading
Home Mortgage Borrowing Up 16%
In May this year there were 34,883 new mortgages registered for housing purchases in Spain, 11.2% more year-on-year. The total borrowed capital for the new home loans reached a massive 4,330.1 million euros, an annual increase of 16.8%, according to data from the INE. Interest Rates Looking at all new mortgages taken in May, the Continue Reading
High Demand for Housing in Andalusia
Over the last 12 months, demand for housing in Andalusia has increased by 20%, according to a report by fotocasa. In 2019 up to 28% of those over 18 years of age living in Spain have taken action related to the purchase or rental of a property in Spain. This is 22% higher than the Continue Reading
Property Sales Up Slightly in May
There were 191,875 property transfers in May, which is 4.4% higher than in the same month last year. This is according to the latest data from the INE. In the case sales of properties in the property registers, there were 96,186, an annual increase of 3.1%. 85.9% of the sales in May correspond to urban Continue Reading
Average Mortgage Value Increased in April
The number of new mortgages taken on homes in April was 29,032, which is 0.1% less than in April 2018. The average amount of the loans was 124,655 euros, an annual increase of 0.7%, according to data from the INE. The total capital loaned on properties in April reached 5,325.6 million euros, a 2.6% fall Continue Reading
Cost of Renting Increased in April
In April, the cost of renting a home in Spain registered a monthly increase of 0.8% to put the average cost per square metre at 8.54 euros per month. This price returns us to figures similar to those seen in December 2009, when the price stood at 8.55 euros/m² per month. Looking at the annual Continue Reading