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Tag: Sales

Published on Leave a comment on Seven out of ten properties sold to foreigners in Andalucía are located in Málaga province

The Costa del Sol is still the number one choice in Andalucía by a long way when it comes to attracting foreign property buyers.

Fotolia 114355057 S - Seven out of ten properties sold to foreigners in Andalucía are located in Málaga provinceBetween January and July this year, there were 4,978 registered real estate transactions to non-Spanish purchasers in Malaga province, an increase of 16.9% on the same period in 2015.

According to official Spanish government data, this accounts for 70% of the residential properties sold to foreigners throughout the whole of Andalucía.

On a regional level, the number of properties bought by foreigners in Andalucía increased by 18.9% in the first six months of this year. The 5,973 transactions in the same period in 2015 rose to 7,105 sales in 2016.
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Published on Leave a comment on Residential sales in Spain record highest growth since January 2013

Residential property sales in Spain increased by 23.6% in May year on year, the highest figures since January 2013, the latest official figures show.

house for sale in Sant Josep de Sa Talaia 300x225 - Residential sales in Spain record highest growth since January 2013The figures from the National Statistics Institute also show that home sales have now increased year on year for four months in a row. However, sales did fall back slightly from the year on year figure of 29% recorded in April.

The second hand market and, to a lesser extent, sales of new homes, were responsible for the May increase, up by 26.7% and 12% year on year respectively.

The data also shows that in the first five months of the year home sales increased by 15.8% compared with the same period of 2015, with second hand homes up 21.9% but new house sales down 3.4% over the five months.

Month on month sales growth has slowed. Compared with April sales in May 2016 were up by 3.5% but this was the lowest increase registered in this month in the past five years.
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Published on Leave a comment on Spanish Property Market Recovery Set to Continue in 2016

Looking ahead to 2016 it looks as if the Spanish house market will continue to recover but the latest data shows it is still a rollercoaster and growth very much depends on location.

Madrid desde Callao1 208x300 - Spanish Property Market Recovery Set to Continue in 2016According to the latest figures from appraisal company Tinsa prices are still increasing with its latest index up by 1.9% in November year on year.

However, the increase is somewhat exaggerated by an unusual fall in prices last year and on a monthly basis prices were down a fraction compared to September.

The Tinsa index shows, however, that the recovery is broad based as house prices rose in all the areas covered. Prices in Barcelona and Madrid were up by 3%, coastal areas popular with overseas buyers saw price growth of 1.4% and the Balearic and Canary Islands 0.2%.

But the recovery still has some way to go as since the peak of the market house prices are still down 41.3% in general, and 48.2% on the coast.

The Balearic Island saw price growth of 0.9% followed by the Canary Islands up 0.5%, Andalucía up 0.3%, Navarra and Castilla-La Mancha both up 0.1%.
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Published on Leave a comment on Property sales in Spain reach three year high

Residential property sales in Spain increased in May to their highest level for three years, according to the latest official figures.

Mijas 300x199 - Property sales in Spain reach three year highBut there is an ongoing collapse in new home sales, the data from the National Institute of Statistics (INE) shows.

Overall there were 26,455 homes sale in May, up 5% on last year and 11% on the year before that. But a breakdown of the figures shows that the increase came from the resale market, up 34% over 12 months, whilst new home sales fell 42% to just over 6,000.

The overall picture is one of a recovery in demand for property in all areas where foreigners tend to buy, but with the market hamstring being a lack of attractive new homes for sale.

However this could be about to change. Demand is growing for new homes in Marbella, for example, and developers are building again.
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Published on Leave a comment on 10 Homes for Sale Under 200,000 € in Balearic Islands!

1. Apartment for sale in Sant Lluís
2 bedrooms, 1 bathroom, Built area 50m2, useful area 50m2, Swimming-pool, 1st Row from the Sea, Second Hand, 145,000 €

00882 - 10 Homes for Sale Under 200,000 € in Balearic Islands!

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Published on 2 Comments on 5 Property Bargains Along the Mediterranean Coast

1. Duplex for sale in Santa Eulalia del Río, Ibiza (Balearic Islands)
2 bedrooms, 1 bathroom, Built area 70m2, Swimming-pool, 500m away from the Beach, Second Hand, In Urban Area, Air conditioning, Fully furnished

Duplex in Santa Eulalia del Río - 5 Property Bargains Along the Mediterranean Coast

Price: 145,000 €
Click on the following link for more information about this home: SpainHouses.net
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Published on Leave a comment on Property market in Spain is experiencing an uptick in sales

After seven years of stagnation the property market in Spain is experiencing an uptick in sales and prices have reached bottom.

With the Spanish economy improving, unemployment falling, tax revenue growing and a more stable banking system, lending figures are on the rise.

Puerto Banús Marbella 300x225 - Property market in Spain is experiencing an uptick in salesThe typical mortgage lending rate dropped from 4.21% to 3.29% over the course of 2014 and this has fed through to buyer confidence. Andalucía and the Canary Islands have seen some of the strongest surges in mortgage lending, up 25% and 26% respectively month on month, compared to the national average of 14.2%.

This renewed confidence and interest in Spanish real estate is most evident in Madrid and Barcelona where capital flows into both cities’ commercial markets topped €2.7 billion in 2014.

The return of large US investment funds has been notable but not just in Spain’s main cities. Marbella, a popular area with overseas buyers is building on a property market recovery that began in 2013 despite Spanish buyers failing to return in any significant number in 2014 and the Ukraine crisis impacting on the number of Russian buyers.
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Published on Leave a comment on More signs of recovery in Spanish property market

The Spanish residential property market is showing further signs of recovery with the latest national figures showing that completed sales in February were higher than 2014 Spanish HOme 300x225 - More signs of recovery in Spanish property marketand 2012.

But the data from the National Institute of Statistics also shows that sales were lower than 2013. However this was when tax breaks for buyers inflated registered sales.

Year on year, the market has increased 14% as a whole, but by 53% in the resale market, a substantial increase by any standards. But sales of new builds are not doing well, down 30% compared to the same month last year.

There is also considerable regional variation. For example, the growth in homes sales in coastal areas that attract foreign buyers has been generally above the national average, as foreign demand is boosting sales in most of those areas.
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Published on Leave a comment on Seven Spanish regions ended 2014 with higher prices than in 2013

The timid recovery of the Spanish real estate market has started to become noticeable in property prices.

1786826 300x225 - Seven Spanish regions ended 2014 with higher prices than in 2013Free-market house prices experienced their first quarterly increase in late 2014, according to figures released by the Public Works Ministry. There had not been an uptick in the market since early 2008.

Prices rose 0.5% in Spain as a whole thanks primarily to a surge in demand for existing homes, which now represent nearly two thirds of sales.

The value of existing homes grew 0.2% from the previous quarter, while the price of new homes retreated 0.1%.

The average price of free-market housing in the last quarter of 2014 was €1,463.10 a square meter.
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Published on Leave a comment on Russians turning away from Spanish property

The weakened Russian ruble has led to a decrease in the number of Russian buyers of Spanish property.

Villa for sale in Marbella 300x200 - Russians turning away from Spanish propertyFalling oil prices, the decline in the currency and international sanctions against Russia over the crisis in the Ukraine, have led to Russian buyers turning their backs on Spain.

Ramón Riera, president of FIABCI - a group of 120 property specialists - told to Business Insider that Russians are not buying right now and that they are even getting rid of their Spanish properties.

In 2014, the ruble lost 40 per cent of its value against the euro and the Russian government forecasts that its economy will shrink by 3 per cent ...continue reading "Russians turning away from Spanish property"