Category: News

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. […]