Tourist Spending reaches over €10 million in July

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Tourist spending in Spain grew by 7% in July, representing the seventh consecutive month of rises, according to the National Statistics Institute (INE). During July the total amount of spending by foreign tourists amounted to €10,257 million, with 21.7% of the total contributed by Brits. Despite the poor pound to Euro exchange rate spending by… Read more »

A Fifth of Foreign Buyers in Q2 were British

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British buyers are showing no sign of avoiding the Spanish property market, despite Brexit and the country’s political uncertainty, as new figures show 20% of all sales to foreigners in the second quarter (Q2) of the year were to British buyers. In the second quarter of the year foreign buyers accounted for a total of… Read more »

BBVA: Spanish Property Prices will Continue to Grow

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Spanish property prices will ‘continue its path of gradual growth in the coming months’, according to BBVA’s latest ‘Spain Real Estate Observatory’ report. Spain’s real estate sector ended the first half of 2016 in positive territory and despite moderation in the past two months, housing sales have maintained growth thanks to an increase in the… Read more »