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, 𝐃𝐞𝐬𝐢𝐠𝐧 𝐇𝐢𝐥𝐥𝐬 𝐌𝐚𝐫𝐛𝐞𝐥𝐥𝐚, 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 […]
Local leading agency Panorama Properties Marbella has just published its annual market report. This along with the one published by DM Properties – Knight Frank (they published theirs in June) are two of the most awaiting market reports and one which is picked up by the press and carries some weight. These are my takeaways: 🔹#Marbella’s “low season” has ceased to exist 🔹An ‘explosion’ of […]
Spanish property sales to foreign buyers in the second half of 2021 were 42% higher than the same period the previous year. This was revealed by data presented yesterday (Tuesday) by the Consejo General del Notariado which also shows that 18.6% of total sales nationwide were made by foreigners, in line with the average recorded between 2012 and 2019 (18.7%). The top 5 regions by y-o-y increases were: 1. […]
Marbella agency Solvilla has tied a collab for a series of property tours along with Pacaso Homes with one of the world’s top real estate YouTubers: Enes Yilmazer. Aside from almost 2m subscribers, Enes is known for touring some of the world’s most expensive homes (link to his channel in comments below). He was in town, staying at Villa Vida, a Pacaso Home in Las […]