Foreign buyers made up 14.9% of Spanish property sales in Q3 2024. While this total is in line with recent trends, the mix of buyer nationalities is changing. The UK, Germany, and France traditionally held the top spots, but France has dropped from 3rd to 6th place. Swedish buyers now represent half their 2022 percentage and have declined further since last quarter. Polish buyers have […]
You may have heard that the local agents association the LPA – The leading property agents of Spain held a real estate breakfast presentation earlier this week. Plenty to unpack, I’ll do something more in-depth another day but for now, the main takeaway for me is that at some point next year there will be agent regulation implemented through Andalucia and one of the criteria […]
Marbella offers several exceptional areas for living, each with unique characteristics and appeal. Here are the top neighbourhoods: Luxury and Exclusivity Zones The Golden Mile – Stretches from Marbella city to Puerto Banús – Most exclusive area with luxury homes – Spectacular sea and mountain views – Unique shops and high-end restaurants – Epitome of Marbella’s glamorous lifestyle Puerto Banús – Cosmopolitan and modern neighbourhood […]
VIVA Sotheby’s International Realty has appointed Ugo Bagration as Regional Director for Eastern Andalusia. This move comes as part of a broader expansion strategy by VIVIUM Holding, the investment firm that recently acquired the luxury real estate brand’s franchises in Dubai, the UK, Saudi Arabia and Spain. Ugo, formerly associated with Berkshire Hathaway HomeServices Marbella, brings significant local expertise to his new role. He will […]
The number of properties sold in Spain in May 2024 increased by a moderate 3% year-on-year, reaching 62,485 homes, with the average price per square meter at €1,681, representing a 1.3% annual increase, according to official figures from Spain’s Notaries. Regionally, Andalucia was very similar to May last year on all fronts. The Valencia Region saw similar transaction volume but notable rises in prices and […]
Foreigners spend 76.4% more on new homes compared to second-hand homes when purchasing properties in Spain. Foreigners purchasing new homes in Spain pay an average of €299,053, while the average price for second-hand/resale properties is €169,573. In my experience since the rebound of the market around 2014-16, most new agencies selling to foreigners on Costa del Sol come into the market focusing on new developments […]
Following two consecutive months of increases, property sales in Spain in March 2024 reached 56,559 a drop of 13.7% year-on-year, figures from Spain’s Notaries show. However, it should be noted that sales in March were 𝐮𝐩 against February by 3,417 properties, so for those of us wanting to put a positive spin on this, there´s the angle! 𝐌𝐚𝐫𝐜𝐡 𝟐𝟎𝟐𝟒 𝐯𝐬 𝐌𝐚𝐫𝐜𝐡 𝟐𝟎𝟐𝟑 🔻 Andalucía -20.4% […]
In 2023, the real estate landscape experienced significant shifts, as highlighted by recent statistics. Despite a notable 11.2% annual decrease in home sales, the market saw a surprising 1.5% increase in prices. These numbers underscore a dynamic year for both buyers and sellers, characterized by fluctuating demand and evolving market conditions, official figures from Spain’s notaries show. In total, 640,451 property transactions have been closed, […]
In the results of the 17th edition of the UCI and SIRA Real Estate Barometer, titled ‘The Sentiment of Real Estate Professionals,’ significant insights into the Spanish property market have emerged. Optimism in the Real Estate Sector Regarding the outlook for the real estate sector, 49% of surveyed real estate agents in Spain perceive an increase or stabilization in the number of selling clients, while the remaining […]
Almost 1 in 3 (29.5%) people living in Marbella is foreign. This was revealed by the National Statistics Institute (INE) data for Jan’23 which shows that 46,094 of Marbella’s 156,153 inhabitants are foreign. According to marbella24horas.es, “Marbella is the fourth municipality in Spain where the number of inhabitants has increased the most in relative terms.” 𝐍𝐚𝐭𝐢𝐨𝐧𝐚𝐥𝐢𝐭𝐢𝐞𝐬 What I find interesting is that in terms of […]