The price of residential property in Spain increased by 1.6%, year-on-year, to just over €1,499 per square metre in the third quarter (Q3) of 2016, according to the latest statistics by the Ministry of Development. Out of Spain’s 17 regions the most significant increases were registered in the Balearic Islands, Catalunya and Madrid where prices… Read more »
Monthly Archives:: November 2016
The number of residential mortgage loans grew across all of Spain’s 17 regions in September, supported by easier access to lending. With improved market conditions banks have relaxed their mortgage terms and are making it easier for people to get a mortgage and with a renewed confidence are willing to lend more to home owners…. Read more »
Puerto Banus is the most expensive area for residential property in Andalucia, according to valuations by TecniTasa, with properties costing €5,559/m2. The appraisals company has compiled a list of the most expensive and cheapest property (per metre square) across Spain’s autonomous regions.
In the first seven months of the year 70% of property purchases in Malaga province were made by foreign buyers, according to recent Notary data. Between January and July a total of 4,978 property sales were registered in the province, a 16.9% increase compared with the same time last year.
The number of properties sold in Spain throughout the month of September climbs 13.2%, compared with the same time last year, according to Spain’s central statistics unit. Residential property sales figures reached 34,931 in September, bringing total sales figures from January to September to just over 311,000, an increase of 14.6% on last year.