Increase in Passengers and Flights at Malaga
As the mercury rises, so does the number of visitors to the Costa del Sol. Thus, in May, Malaga Airport saw almost 2 million passengers travelling on almost 14,000 flights! Specifically, the airport handled 1,914,220 passengers in May, an increase of 4.2% when compared to the same month in 2018. Travellers moved on 13,988 flights, Continue Reading
Andalucía Most Popular for Holiday Homes
81% of owners of a home in Spain say they would not put their homes into the holiday rental market, while only 16% said they would consider it. The other 3% say they already have their property available for short-term rentals, according to a report from fotocasa. These numbers are very similar to 2018, meaning Continue Reading
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
New Property Sales Rebound in April
In April, there was 50,172 property sales, an annual increase of 1.06%, according to data from the General Council of Notaries. The increase was due exclusively to the considerable increase in the sale of new properties (+18.6% year-on-year), while there was a drop in sales of second-hand properties (-1.6%). The sale of single-family homes increased Continue Reading
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
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
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
Rental Costs Up Slightly in April
The price of rental housing in Spain registered a slight increase of 0.8% in April. This puts the average cost per square metre at €8.54 p/month. This figure returns us to similar levels seen in December 2009, when the average price was 8.55 euros p/month. Looking at the year-on-year variation, we see an even smaller Continue Reading
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
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