Spain’s property market defied global trends in 2024, posting a remarkable 10% sales growth in the first nine months and surpassing 500,000 transactions. A standout third quarter saw a 16% year-on-year increase, with Malaga Province leading the charge at 18% growth. While neighbouring countries like France and Germany struggled with declining markets, Spain’s resilience—bolstered by foreign buyers, local demand, and a strong economy—cemented its position […]
The Spanish government has announced that the ‘Golden Visa’ program, which grants residency permits in exchange for investments, will end on 3rd April 2025. After this date, no further permits will be issued under this scheme. The ‘Golden Visa’ program was introduced to attract foreign investment by offering residency to individuals who invested in Spanish real estate or businesses. However, concerns have been raised about […]
Airbnb faces fines of up to €100,000 (maybe more*) from the Spanish authorities for failing to remove thousands of unlicensed tourist apartment listings, despite prior warnings. This comes after Spain’s Consumer Affairs Ministry launched formal sanction proceedings against the platform, something that is part of a broader initiative by officials to crack down on unlicensed tourist apartments. Reuters reports that Airbnb said it always asks […]
A new professional network for independent real estate agents has launched in Spain’s Costa del Sol. The Independent Associate Agents (IAA) network, established by LM Group and LMG Academy co-founder Marina Nitzak, aims to provide operational support for freelance real estate professionals. The network operates on a cooperative model, offering members shared access to business infrastructure and resources. Members receive standard business tools including Google […]
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 […]
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 […]
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% […]
The real estate market in Costa del Sol is experiencing significant shifts in regulations regarding short-term rentals, impacting both buyers and agents. Recent judgments and regulations have introduced new considerations for those looking to invest in properties with the intention of renting them out on a short-term basis. These changes highlight the importance of thorough research and understanding of the evolving legal landscape before making […]
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 […]