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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.

Euribor. Mortgage Rates

The 12-month Euribor continues in negative territory for the joy of those with a variable mortgage, although its development during August has once again made it clear that the reference indicator for most mortgages in Spain is in full change of trend.

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%.

Artur Loginov
Artur Loginov Sales Director +34 622 596 121