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 […]
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 […]
In September 2023, the number of passengers arriving in #Spain from international airports reached ๐.๐ ๐ฆ๐ข๐ฅ๐ฅ๐ข๐จ๐ง, marking ๐ ๐๐% ๐ข๐ง๐๐ซ๐๐๐ฌ๐ compared to the same month in 2022, according to data from Turespaรฑa. From January to September, Spain received 73.2 million international passengers, showing a 19.1% growth compared to the same period in 2022. However, arrivals remain 1.5% below the pre-pandemic levels of 2019. The ๐๐ […]
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 […]
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% […]
DOLCE&GABBANA and Sierra Blanca Estates Developments unveiled new details about their joint ultra-luxury #brandedresidences real estate project, ๐๐๐ฌ๐ข๐ ๐ง ๐๐ข๐ฅ๐ฅ๐ฌ ๐๐๐ซ๐๐๐ฅ๐ฅ๐, during a private presentation event on Friday attended by Domenico Dolce, as any of you on Instagram will have no doubt seen. During the presentation event, Dolce&Gabbana and Sierra Blanca Estates were able to unveil the first digital images of their future joint project, as […]
The number of homes sold in Spain in June experienced a 6.4% decline compared to the same period last year, amounting to 53,999 transactions, as reported by the National Institute of Statistics (INE). This marks the fifth consecutive month of declines in the housing market. The sale of resale properties saw a significant decrease of 9.7% during the sixth month of the year, with a […]
Good news! Spain has some of the cheapest mortgages in Europe, even though interest rates have gone up recently. Out of 12 European countries, Spain ranked fourth with an average interest rate of 2.02% in Q3 2022, behind Portugal, France, and Denmark. The average interest rate for all 12 countries was 3.48%, which is a bit higher than before. Spain has a lot of people […]
The number of properties sold in Spain in 2022 increased by 6.1% and prices were up by 7.2% compared to 2021, according to official stats released yesterday by Spain’s Notaries. Regionally, the two which stand out in terms of volume of properties sold in 2022 were the Canary Islands with +26.9% and the Valencian Community with +14.0%. Andalucia was +2.7% Although I haven’t studied the […]