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 𝟗.𝟔 𝐦𝐢𝐥𝐥𝐢𝐨𝐧, marking 𝐚 𝟏𝟎% 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞 compared to the same month in 2022, according to data from Turespaña. 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 𝐔𝐊 […]

𝐓𝐡𝐞 𝐒𝐞𝐩𝐭𝐞𝐦𝐛𝐞𝐫 𝐟𝐢𝐠𝐮𝐫𝐞𝐬 𝐟𝐫𝐨𝐦 𝐒𝐩𝐚𝐢𝐧’𝐬 𝐍𝐨𝐭𝐚𝐫𝐢𝐞𝐬 𝐚𝐫𝐞 𝐢𝐧 𝐚𝐧𝐝 𝐭𝐡𝐞𝐬𝐞 𝐚𝐫𝐞 𝐭𝐡𝐞 𝐡𝐞𝐚𝐝𝐥𝐢𝐧𝐞 𝐬𝐭𝐚𝐭𝐬 👉 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% […]