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, Iโll 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 โฌ1,681, 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 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% […]
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.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 […]