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 ๐ฎ๐ฉ against February by 3,417 properties, so for those of us wanting to put a positive spin on this, thereยดs the angle! ๐๐๐ซ๐๐ก ๐๐๐๐ ๐ฏ๐ฌ ๐๐๐ซ๐๐ก ๐๐๐๐ ๐ป Andalucรญa -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.ย Optimism in the Real Estate Sector Regarding the outlook for the real estate sector, 49% of surveyedย real estate agents in Spainย 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.” ๐๐๐ญ๐ข๐จ๐ง๐๐ฅ๐ข๐ญ๐ข๐๐ฌ What I find interesting is that in terms of […]
What continues to be a hot topic on the Costa del Sol: branded residences, here is a report about the category, courtesy of Savills, It is fascinating to see what is in the pipeline worldwide, particularly that in the non-hotel branded residences category, the Trump brand is 3rd worldwide. It also makes sense that the main players globally are hotel-branded residences, with Four Seasons and […]
Market Update: Spain’s real estate market defies global economic concerns, boasting the Eurozone’s highest growth forecast at 2.2%-2.4% by 2023, according to pisos.com. Despite a slowdown in transactions and mortgages, substantial price drops have not materialized, attributing the market’s resilience to an ongoing housing supply shortage. Ferran Font, Director of Studies at pisos.com, underscores the scarcity of available properties, driven by disruptions in construction due […]
๐๐ก๐ ๐๐๐ฉ๐ญ๐๐ฆ๐๐๐ซ ๐๐ข๐ ๐ฎ๐ซ๐๐ฌ ๐๐ซ๐จ๐ฆ ๐๐ฉ๐๐ข๐ง’๐ฌ ๐๐จ๐ญ๐๐ซ๐ข๐๐ฌ ๐๐ซ๐ ๐ข๐ง ๐๐ง๐ ๐ญ๐ก๐๐ฌ๐ ๐๐ซ๐ ๐ญ๐ก๐ ๐ก๐๐๐๐ฅ๐ข๐ง๐ ๐ฌ๐ญ๐๐ญ๐ฌ ๐ Home sales in Spain experienced a drop of 14.9% in September compared to (a very strong month) last year. In September, the number of home sales reached 48,196 units, with an average price per square meter of 1,643 euros, showing a very slight 0.9% drop. Although apartment prices fell by […]
In this analysis, we delve into the dynamics of the Costa del Sol property market from an investment perspective. In this top 10, we cover the paramount role of location to the adaptability of property usage, we explore the fundamental principles that underpin a prudent and profitable investment strategy. Location is key: The property’s location is crucial for a good investment. You want to buy […]
Is the real estate crisis in Germany likely to impact the Spanish property market? As insolvencies plague the German real estate sector, it’s noteworthy that German buyers rank as the second-largest foreign group investing in Spanish property, just after the British. The crisis in Germany, driven by falling property prices, reduced demand, and credit constraints, could affect sales to German buyers. In Q2 2023 Germans […]
The latest data from the Notarial Statistics reveals a shift in foreign real estate transactions in Spain. In the first half of 2023, we observed a 7.5% YoY decrease in property purchases by non-Spanish nationals, totaling 67,983 transactions, as compared to the robust 9.8% growth in the second half of 2022. While 56.8% of these transactions were initiated by foreign residents, showing a slight 3.4% […]