Average House Price Down in November
November 2020 saw 48,251 home sales in Spain, representing a year-on-year fall of 0.9%. Considering the months of lockdown, this fall is nothing like as bad as was expected. By type of property, the sale of apartments/flats showed a year-on-year fall of 7.6%, according to a report from the Notaries. This reduction in apartment sales Continue Reading
Andalucia Top For Home Sales in October
In Spain, there was 156,875 property transfers registered in the property registers in October. This is 8.2% less than in the same month of 2019, according to figures released by the INE. Of those transfers, 77,536 related to property sales/purchases, an annual decrease of 11.6%. Of those sales, 84.2% were in regard to urban properties, Continue Reading
Price of Used Housing Increased in November
Used house prices in Spain increased by 1% when compared to the previous month to reach an average price of 1,877 euros p/m². The annual variation of +0.7% is the first monthly interannual increase following 11 months of year-on-year drops (since December 2019). “The market for housing for sale has been very dynamic and agile Continue Reading
Drop in Foreign Buyers in First Half of 2020
The sale of housing to foreign buyers suffered greatly during the early stages of lockdown resulting in a negative variation in the first half of 2020. Notaries recorded 37.4% fewer transactions than in the same half of the previous year. For the first six months of 2020, home purchases made by foreign buyers accounted for Continue Reading
Housing Sales Increased in September
Property sales in Spain showed an annual increase of 5.4% in September, rising to 79,157 sales. Sales of housing reached 37,839 transactions. This shows a -1.1% reduction when compared to September 2019. However, on the monthly variation, home sales increased 20.5% when compared to August 2020, according to figures from the INE. 83.7% of the Continue Reading
Renting Cost Continues to Rise in Spain
The price of rental housing in Spain increased by 0.1% in October, when compared to the previous month. When compared to the same period in 2019, the variation is +9.6%. This brings the average monthly cost of renting a home in Spain to €10.75 p/m². This is the fifth consecutive annual increase and also the Continue Reading
Second-Hand House Prices Up in October
In October, the price of second-hand housing in Spain increased by 0.8% when compared to the previous year, and fell by 1.7% when compared to September. This puts the average price of second-hand housing at 1,859 euros p/m². This marks the eleventh monthly fall. The most recent positive monthly variation was seen in November 2019. Continue Reading
Disposable Income Falling as House Prices Rise
In 2019, the average monthly mortgage repayment was 591 euros, in Spain, according to the College of Notaries. Looking at renting, the average monthly rent was 966 euros. In both cases, the percentage or monthly income allocated to housing costs is well above that recommended by the Bank of Spain. “The economic capacity of families Continue Reading
Cost Of Rental Homes Down in Q3
In Spain, the price of rental homes experienced a quarterly decrease of -0.7% at the end of the third quarter and an annual increase of 12%, placing the average price at the end of September at 10.74 euros per square meter per month. This last year-on-year increase represents the sixth increase in this period after Continue Reading
Home Sales Down 12% in August
In August, the number of home sales in Spain fell by 12.1% when compared to August 2019. Considering what the country has been through in recent months this is not a big fall and is far smaller than many expected. This also shows that the property market is resilient and is recovering well from the Continue Reading