There were 32,211 residential property sales across Spain in December, representing an increase of 9.2% compared with the same month the year before, according to new data published by the governments central statistics unit.
Nearly all of Spain’s 17 regions reported an increase in property sales, with the most significant occurring in Castilla-La Mancha where figures rose by 44.4%. Aragón and Asturias saw property sales grow by 32.5% and 31%, respectively, while minimal decreases were reported in the Balearic Islands, La Rioja, the Basque Country and Catalunya – which, following months of political uncertainty, comes as no surprise. Read more »
Hotel for sale in La Mairena, Costa del Sol | Click Pic for Info
Hotel investments in Spain reached €3.9 billion last year, according to Insights on the Hotel Investment Market in Spain 2017 report.
In 2017, 182 hotels were sold compared with the 147 in 2016 and average prices per room grew by 30% to €119,000. Read more »
The Spanish property market is one of the fastest growing in the EU, creating many investment opportunities for buyers and investors.
The average price of residential property in Spain grew by 6.7% in Q3, according to the EU’s statistical bureau, Eurostat. Growth within the Spanish real estate market far exceeds the EU average property price growth of 4.6% and the Eurozone average of 4.1%. Read more »
In the first nine months of last year, the number of applications for new residential building licenses grew by 26.8%, according to data from Spain’s Ministry of Development.
If the upward trend is maintained in the last quarter of 2017, then a total of 81,000 applications could have been received, making it the highest number in seven years.
The residential new-build market has made a slow recovery, compared with the second-hand property market, but finally has seemed to have turned a corner. In 2016, a total of 64,000 building licences were issued in Spain, meaning last year’s total could end up being 26% more. Read more »
An attic apartment in Madrid is the first ever property in Spain to go on the market with a Bitcoin-only price tag.
Bitcoin is a global digital currency that is not backed by a bank or single administrator. The electronic cash system has increased in popularity, and indeed value, over the past few years; since January 2017, Bitcoin has risen from a value of $999 per Bitcoin to the current but unpredictable, $14,633. Read more »