real estate market - Archives

Domestic and International Property Market

Two sectors of the Andalusian property market operate completely independently of each other, with separation more obvious since the 2008 global crash.
Domestic market is totally bound to what happens in Spanish economy. Spanish purchasing power remains quite weak because the economy has not yet recovered from the crisis and unemployment is still high. At the same time, the purchase of homes by foreigners has been living its sweetest moment for a decade, especially on the coasts, almost doubled and already represents 2 out of every 10 operations closed in Spain, according to data from General Council of Notaries.
The overseas buyers are benefiting from prices that are still below the pre-crash numbers and fixed rate mortgages on offer in Spain.

Spanish Real Estate Market Current Trends & Facts

Home sales in Spain continue to rise. According to INE data, 45,900 transactions were carried out in July, up by 16.2% year-on-year.
This is the third highest monthly figure. It increases accumulated volume for the first seven months of the year, exceeding 300,000 operations (about 308,000), which demonstrates an increase of 11.7%.

The prices of homes on most of Spanish coasts grew by 6.1% year-on-year in June, with current average price 1,757 euros/per m2.

Spanish Coastal Property Update. Increase in Demand and Prices

The prices of homes on most of Spanish coasts grew by 6.1% year-on-year in June, with current average price 1,757 euros/per m2. During the 2nd quarter prices increased on average by 2.3%. The price of properties on the coast is 5.6% higher than the average for the rest of the country, which stood at 1,664 euros per m2.

Current issuing of fixed mortgages beats previous volumes: reaching maximum in April and heading for a record-breaking year.

Record-breaking Year for Fixed Mortgages

Current issuing of fixed mortgages beats previous volumes: reaching maximum in April and heading for a record-breaking year. In the last 16 months, approximately 35% of all mortgages formalized in Spain have been at a fixed interest rate, an unprecedented number to date.

Investors and developers, invest your money today in a healthy real estate market with attractive appreciation of capital in the foreseeable future. Homebuyers, consider taking advantage of the current price level before it increases further.

Time to invest in property

Investors and developers, invest your money today in a healthy real estate market with attractive appreciation of capital in the foreseeable future. Homebuyers, consider taking advantage of the current price level before it increases further.

OREIGNERS BUYING PROPERTY IN SPAIN

Foreigners buying property in Spain

The Belgians’ and Germans’ buying homes in Spain goes through the roof, however the British are retrying again, informs the ‘El Confidencial’ specializing in economic, financial and political news of Spain. For a decade the purchase of Spanish homes by foreigners has been living its sweetest moment, almost doubled and already represents 2 out of every 10 operations that are closed in Spain, according to data from the General Council of Notaries.

Perfect Moment to Invest in Properties on the Costa del Sol

Marbella breathes positivism again and sales growth throughout 2017. These last two years mark the end of the crisis, with price stability and a very favourable national economic situation. Unlike previous years, the market price is equivalent to the sale price.