The Spanish property market recovery is gaining further momentum, as new figures released earlier this month show property sales have reached a six year high.
There were a total of 38,841 residential properties sold in Spain during the month of July, according to the government’s central statistics unit, representing a 16.8% increase on the same month last year. Read more »
Spanish residential housing prices rose by 4.4% year-on-year in the second quarter (Q2) of the year, according to the Price Index for Repeated Home Sales.
The index, published by the Property Registrars College, examines homes which have been sold at least twice since 1995. They found that residential property prices have now grown for the last ten consecutive quarters. Read more »
The number of new mortgage loans constituted in June reached a six-year high, according to the latest figures published by Spain’s central statistics unit.
There were a total of 29,516 new mortgages registered in Spain in June, representing a 16.5% increase compared with the same month last year and the highest monthly total since September 2011. Read more »
Foreign demand for Spanish property rises for the eighth consecutive year, says international consultant firm JLL.
In the first 6 months of the year, foreign investment in Spanish property amounted to €888 million, beating the €330 million recorded in the same period in 2016.
Last year marked a turning point in the Spanish property recovery after property sales to non-residents hit a ten year high; 13.2% of all homes sold in Spain were to foreign nationals. Read more »
Spanish residential beachside property rentals can be “very profitable”, finds new study by urban Data Analytics (uDA).
Spanish gross rental yields for properties located first and second line to the beach have risen from 5.37% in 2016 to 5.67%.
Carlos Olmos, Director of uDA, says: “It’s a good moment in general for the rental market, and the good times have reached the Spanish coast, the first and second line,” reports Spanish newspaper El Mundo. Read more »