Foreigners Account For 6.9% of Mortgages in 2017
The number of new mortgages registered in 2017 was 310,640, an increase of 10.9% with respect to 2016. The autonomous communities with the highest number of new mortgages were Andalucía (60,026), Comunidad de Madrid (56,866), Cataluña (50,848) and Comunidad Valenciana (32,408). Of all the autonomous communities the number of new mortgages on housing increased with Continue Reading
Marbella Sees Boost in Hotel Investment
The economic recovery that, according to multiple indicators, is being seen in Marbella is noticeable in the increase of hotel projects in the area. Marbella closed 2017 with a net increase of 924 new companies. In January, more than 28,000 tourists visited the town, an increase of 18.5% over the same month in the previous Continue Reading
Average Rental Prices Increased During Q1
At the close of the first quarter, rental prices had increased by 3.72%, when compared to the close of the previous quarter. This brought the average price to 780 euros. When compared to February, the increase is 1.3%. Compared to the same period in 2017, the increase is 15.56%, according to the latest data from Continue Reading
Housing Sales Up 2.7% in February
There were 39,945 housing sales in February, representing an annual increase of 2.7%, according to the latest report from the Council of Notaries. By type of property, the sale of apartments increased by 6.2%, while sales of single-family homes showed a notable fall of 11.6%, year-on-year. The increase in sales of apartments was due to Continue Reading
4.2 Million Tourists Visited Spain in February
4.2 million international tourists visited Spain in February, 2.6% more than in the same month in 2017. The UK was, as usual, the main source of visitors with 865,316 people heading to Spain from the British Isles. This accounts for 20.5% of the total visitors but also represents 5.9% fewer Brits when compared to February Continue Reading
Used Housing Prices Up 2.2% in First Quarter
The price of used housing in Spain increased by 2.2% in the first quarter of the year. This brings the average price of a square metre to 1,621 euros, according to the latest idealista price index. When compared to the same period in 2017, the variation is +7.1%. Head of idealista studies, Fernando Encinar, says Continue Reading
What to See and Do in Marbella
When you think of Marbella, images of the “Golden Mile” and its extravagant collection of celebrity-filled clubs, shiny restaurants and chic hotels spring to mind. Add to this a swanky marina in Puerto Banus full of mega-yachts and supercars and you have a ready-made playground for the rich and famous. Marbella, however, is a bit Continue Reading
Urban Land Sales Increased in Last Quarter
The number of urban land sales in Spain, the total area and the total value of sales increased in the last quarter of 2017. However, the average price of a square metre of urban land decreased in the fourth quarter of 2017 to stand at 153 euros. This represents a fall of 10.9% year-on-year. When Continue Reading
Málaga Airport Sees Passenger Numbers Rise
Málaga Airport handled 5.4% more passengers in February and 4.2% more flights than in the same month last year. Almost a million passengers (963,939) passed through on 7,671 flights, according to airport network AENA. The bulk of the passengers moved on commercial flights. Of these, 785,467 travelled on international flights, representing growth of 2.8%, when Continue Reading
Property Sales Strong Start to 2018
The Spanish real estate market started 2018 with force with the best January property sales figures for 10 years. In January there were 176,911 property transfers in the registers, 13.2% more than in the previous January. When looking only at residential, there were 94,060 property sales, a 23.1% increase when compared to last January. 85.4% Continue Reading