Cost of Renting Increased 10% in August
The average cost of renting increased by 10% year-on-year in Spain in August. This is the third year-on-year increase over 10% in 2017, in addition to 30 consecutive months of annual growth, according to the latest data from fotocasa. The year-on-year variation recorded this month is the third highest recorded this year: in May it Continue Reading
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Costa del Sol Q1 House Sales 2004-2017
According to the latest figures from the INE, July saw a 16.8% increase in the number of homes sold in Spain, when compared to the previous year. So, has the market stabilised? Are sales back up to pre-crisis levels? To try and answer those questions we take a brief look at the Q1 sales results Continue Reading
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Price of Housing Down in August
According to the latest monthly sales price report from pisos.com, the average price of second-hand housing in Spain was 1,528 euros per square metre in August 2017. This figure represents an increase of 0.2% compared to the previous month. On a year-on-year basis the variation is -1.99%. The price of housing has recently been fluctuating Continue Reading
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Spain Saw Over 10 Million Tourists in July
As the summer draws to a close and the country begins to relax, the tourist statistics released by the INE once again break records. Spain received a massive 10.5 million international tourists in July, 10.1% more than in the same month last year. Source No prizes for guessing where the majority of those tourists came Continue Reading
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Cost of Renting Increased in Second Quarter
The average cost of renting increased in Spain by 4.8% during the second quarter of 2017. The average price per square metre now stands at 9.4 euros per month, according to a report from idealista. Average rental prices increased in all the autonomous communities during the second quarter except for Euskadi where prices fell by Continue Reading
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Second Homes Account for 13% of Sales
13% of house purchases in Spain are for second homes, according to the report “Profile of the second home buyer in Spain”, by fotocasa. Second homes are the second most popular reason for buying a property. The most popular reason is of course for a primary residence with 75% of sales being for that reason. Continue Reading
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Top 10 – Spain’s Most Expensive Streets
The urbanisation La Zagaleta, located in Benahavís, Malaga, holds the record for being the most expensive residential area in the whole of Spain. Homes in this exclusive development exceed 5.6 million euros on average. Despite being private homes, not hotels, most properties in La Zagaleta have more than 8,000m² plots, elevators, a cinema room and/or Continue Reading
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Price of Rental Housing Fell in July
The average price of rental housing in Spain fell by 0.4% in July. The average now stands at 8.08€ m²/month. This monthly decrease breaks the trend of recent months which saw costs steadily rising. The current average price takes us back to November 2010 when the rental average was 8.10€ m²/month. “Today, renting a flat Continue Reading
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Malaga Airport Sees Record Numbers in July
Malaga Airport closed July having seen record numbers of passengers pass through in its busiest summer yet, according to airport operator AENA. The number of passengers grew by 11.2% to a massive 2,180,749. This is the first time in its history that the airport has seen more than two million in a single month. Of Continue Reading
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Average Price of Used Property Up in July
The average price of used property in Spain stood at 1,700€ p/m² in July, a monthly increase of 0.4%. This increase shows we are seeing prices stabilise and we are leaving behind the large price falls of recent years. The price in July was 4.6% more than the same month in 2016 and is the Continue Reading
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