ProfessionalsPublish your properties
New user? Sign up for free
Professional? Professional Access
Recent searches
Favourite Properties
You haven't saved any properties
This panel will show the properties you save as favourites.
Favourite searches
You haven't saved any searches
This panel will show the searches you save as favourites.
SpanishEnglishGermanFrenchItalianRussianDutchSwedishDanishFinnishChineseArabic

Filters:
Properties
Bed.
Baths
Min Price
Max Price
Features
  • Features
More Filters Less Filters
Save Search

Property prices spain 2018

4,734 results sorted by
relevance
Sale (7,234)Rent to Own (966)New Construction (987)
696,000
* €/m2
Investment Analysis of Spanish Real Estate Market
196 m2 | 3 bedrooms | 8 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
spanish property market house prices of the six most-watched house price indices in Spain, and brings them together in one chart. Property sales and prices in Spain are forecast to rise in as long as there are no sudden economic surprises or changes to the mortgage. In , 65, non-resident foreigners bought property in Spain. That is to be a key driver for overall housing market growth across Spain.

Marbella Find a Property Schedule Visit info yourviva. Schedule Visit info yourviva. Site Search. Property Search 13, properties available Find a Property. Want to know more? Ask me Helena Monks Customer Services. Send Email. Live Chat. Schedule a visit and the VIVA team will do the rest! Discover home trends on the Costa del Sol. I would like to receive: Weekly Property Updates. Blog Updates. Monthly Newsletter. My Account. Remember my email address. Create an Account. Reset Your Password Enter your email address and we will send it to you:.

I'm interested in: Subscribe to all categories. Current Affairs. What's On. Internal Mail. Global View. Costa People. Featured Images. These are the determining factors for many expats who choose La Moraleja to live in, initially to rent a property before buying at later stage. Below this price level, around six million euros is the average asking price in two emblematic streets: Camino Sur and Paseo Marquesa Viuda de Aldama.

The detached house on a large plot -in some cases it can reach up to one hectare of land- is the typical property type on both of these streets. In the area to the north of the capital there are three very different regions. The first, located around the National I Fuente del Fresno, Ciudalcampo and Santo Domingo , is made up of detached homes in plots of about 3, sqm within luxury residential developments.

The buyer profile is marked by Spanish and foreign families with high purchasing power, usually entrepreneurs or multinational executives with an average of three children looking for large houses with swimming pool and garden.

This is a change of trend with respect to previous years and it will continue throughout due to three factors: the different price levels, the different types of buyers and the increasing number of tenants who are becoming home owners. The rental market was affected in by two reasons: a growing number of tenants in central areas moved to the outskirts of the city and there was a decrease in the number of foreigners looking to rent a house during the first 6 months of the year before their numbers started increasing during the second half of the year.

Throughout the first quarter of , it is foreseeable that the house prices in Barcelona are about to experience a slight drop in the most premium areas. This will be a great opportunity for buyers and it will turn the Catalan capital into a very attractive city compared to other European cities.

The increase in economic and. By , the real estate market will take a year to pause in Barcelona capital, although in the surroundings it will once again record double-digit growth. Even though in the prices will fall in the Catalan capital, the decrease will be prompt and in no case should it be considered as a real estate bubble. There will not be a. In turn, the continuity of low interest rates, the wage increases, the rise in employment and the ease of granting mortgages by banks will cause a medium term increase in the number of national buyers.

With regards to the outer area of the city, the forecast is of continuity in the growth of prices and purchases. The proximity to the sea and the great cultural offer of Ciutat Vella places this district in the top favourite list of interested investors who want to buy a second home both for holiday use and to rent out.

However, the best advantage of the homes in this district is that they have preserved their original features like hydraulic tiles and original woodwork and they are located in stately buildings with modernist details. For , stability in prices is expected with an increase in the number of purchases by the national client and the lack of international buyers. This area directly competes with the pleasant Rambla and the quiet and semi-pedestrian Enric Granados.

The last area is perfect for walking and well connected to the city. Passeig Sant Joan is highly popular for having more affordable homes than the rest of the mentioned areas. This district has still maintained its real estate growth, which began in thanks to an increase in property demand and prices. These properties range between 50 and 80 sqm and investors who buy such properties do so for letting purposes.

The most sold types of properties are penthouses and mainly large-size houses with high ceilings, original fea-. The most premium neighbourhood in this district is the sophisticated Pedralbes that, framed between the hills of Collserola and Avenida Diagonal, is within easy reach to the city.

The profile of the buyer consists of people with a high purchasing power who are mostly locals, although the international buyers did emerge in These clients have shown particular interest in properties in the high zone with prices over 3 million euros, which is a safe investment for them. Detached houses of up to sqm, with at least six bedrooms, on plots of more than 1, sqm with large garden and absolute privacy and views over the city are the typical properties found in this prestigious avenue.

The buyer profile of these homes is mostly foreigners from different nationalities such as Russian, Ukrainian, Swiss, American and Romanian, and many of them are entrepreneurs and athletes. During , the housing market slowed down and as a result, it took on average 8 months to sell a property.

The rest of the district, which perfectly combines the residential character with the hustle and bustle of all the services it offers, has a high demand from national customers. For , the prices are set to become stabilised. While the French, Italian and English clients look for one or two bedroom flats to rent, the Brazilians, Serbs, Austrians, Argentines and Spaniards prefer larger homes or top-floor flats to live with their family.

The profile of the buyer in the growing district of Barcelona consists of national clients. Next to the beach of Llevant and well connected with the centre of the city by public transport, the properties are spaces, bright and airy, and boast spectacular views of the sea or the park. This area, where the most modern and innovative character of Barcelona is fused with the presence of the ancient nucleus, will cause profound changes in the lower part of the neighbourhoods of Sagrera and Sant Andreu.

Nou Barris, however, still has room for improvement in terms of easier access to financing by the banks, improving the job market and being perceived as a district where investment opportunities with which you can make big profits through buy-to-lets and capital appreciation exist.

Property prices in Sant Andreu. In , the rental market in Barcelona has achieved the longed for stability in prices.

Although there is balanced supply and demand, prices would still need to decrease in order to meet the demands of the national client.

However, the approval of the new decree law could draw a scenario in which there is a reduction in property supply that would not be give margin to the price drop. It is expected that throughout , the more central locations could see rent price stability while in the most affordable neighbourhoods or the outer areas of the city a slight increase in rental prices might be on the cards.

The most searched properties for rent are between sqm. The monthly rent is on average 1, euros. The most popular homes in these districts are between 50 sqm and 90 sqm, with average prices that are around There are two factors that will be the main driving forces behind the increased demand: on the one hand, the increase in the number of young people leaving home and wanting to live on their own thanks to more employment and, on the other hand, the international demand that will continue with full force in the city.

In terms of property supply, it should be noted that more and more rental homes are of high quality since most of the properties that were previously rented out have now been sold so investors look for more renovation properties to buy for cheap before renting them out for profits.

The average income that tenants pay in this area exceeds 2, monthly euros. The construction of the harbour and the extension of the port docks represent a total renewal for the real estate market of the outskirts of Barcelona. This municipality is part of the metropolitan area of Barcelona and only 8 km from the centre of the city. This is the area chosen by families and young couples who are looking for buy their first home. The real estate market of Hospitalet has a high percentage of national clients.

The most in demand properties are detached houses and townhouses that range between and sqm. The most expensive areas that are close to this town are located 12 kilometres from Barcelona. The entrenched but growing demand in Sant Cugat goes hand in hand with. Matadepera offers more affordable properties than other locations closer to the city in a natural and peaceful environment highly valued by young middle class families with young children.

The rental properties most in demand are the 3 bedroom flats and townhouses that have communal areas. In urbanisations, the properties with the highest demand from tenants are detached houses with garden. These are especially popular among tenants between 35 and 45 years of age with children. With regards to centrally located flats, the profile of the tenant consists of young couples and people from 60 years of age upwards.

Just a few minutes away from Barcelona, there is an area with residential character and a very complete offer of amenities and services that is divided into north and south. Detached houses or residential complexes with garden areas are the most sought-after types of properties by families with children and young couples who choose to live in this metropolitan area due to its excellent public transport network.

The most in demand properties are and sqm flats and villas of between and sqm. They also value comfort and the easy access to Barcelona and the airport. Located in the Garraf region, Sitges is a vibrant and cosmopolitan town on the coast that enjoys mild temperatures all year round. Located 38 km from Barcelona, it has a great infrastructure for tourism and is a highly sought-after town for main residence or a holiday home. The apartments that are in most demand for rent consist of 80 sqm and houses of about sqm in the centre, including in Vinyet and Terramar due to their proximity to town and sea and for the peace and tranquility.

The tenants are divided into equal parts between national and international clients. The most popular homes are the sqm penthouses and apartments between sqm with terrace and sea views. The rest is between Belgians, German and other nationals from Eastern Europe. The proximity of Gerona to the sea and the mountain as well as the French border and Barcelona, with which it shares excellent connections via the motorway and AVE, are the decisive factors when choosing this comfortable city to live in.

The most popular homes in this city are bedroom flats of between 70 and sqm and close to medical, educational and shopping centres, especially the ones within proximity to the high speed train station. In the Barri Vell area, the demand is focused on small apartments for short stays in the city. After becoming the fashionable neighbourhood of Gerona, this is an area highly sought by investors who buy properties to rent out to tourists and students.

The buyer profile of other areas of the centre, such as Eixample, Devesa and Montilivi is drawn by families from the city with access to mortgages. Since last year,. There is a very high demand for rental properties, but the offer in general is very low, which has caused an increase in prices and difficulty in finding a home.

Lloret de Mar Blanes. Eixample is the area with the highest prices in the city, mainly in the north, where the average price per square metre exceeds 3, euros, with La Salle as the most sought-after address.

It is a characterful Bohemian enclave and highly exclusive. The most popular homes are detached homes between , euros and , euros with sea views and south-facing apartments between 70 and 90 sqm with large terraces of between , and , euros.

However, a growing interest from national customers was observed last year. On the other hand, the inner region of the national parks, Montseny and Les Guilleries, allows you to enjoy nature with utmost privacy without being away from the great road connections and the nearby beaches of the Costa Brava.

The homes by the canal, the closest ones to the sea, as well as the properties that have their own mooring are the most in demand. The preference for those who have a sailboat or yacht focuses on canals that make it easy to maneuver or the ones that are just before the bridges. The star property in Empuriabrava would be an individually-designed house of about sqm with bedrooms, a sqm land and with mooring in the wide canal after of the bridges, where only boats can go up to 2.

The rest is divided between the Belgians, Dutch and the British. As with the rest of the Costa Brava, the percentage of foreign clients is higher than national buyers. The awakening of real estate market has been delayed compared to other provinces due to the significant property stock existing after the housing bubble burst.

It is these last two streets are nestled between the most popular areas next to the Rambla Nova neighbourhood which represent the most prestigious area. With regards to the foreign buyers, who are mainly the French and Swiss, the demand is focused on La Mora and Tamarit, where customers look for detached holiday homes near the beach. The momentum of the market will come when the rise in property investment goes hand in hand with resale purchases. Among the Spanish, the Valencia and Basque Country locals stand out, while among foreigners, the predominant nationalities are the French and British.

At 1,, metres above sea level, the most sought-after areas are Baqueira. This is especially the case with the pre-owned properties and detached houses. The Val de Ruda region, located at the foot of the Baqueira-Beret ski resort, is a complex with properties, three hotels, shopping arcades, schools, ski equipment rental shops, restaurants, and chairlifts for easier access to the ski station.

The capital of the Aran Valley is the nerve centre of the region. It is bustling all year and offers all kinds of properties, from detached homes with gardens, to small apartments. In Vielha, there are two of the most prestigious urbanisations in the area: La Solana and Santa Gemma, both with private villas that are built in typical Aranese style.

Located in a long valley east of the Pyrenees that runs along the Segre River and natural border crossing between Catalonia, France and Andorra, Cerdanya is the chosen destination by the upper class Catalans for their second or third residence. Its strategic location, the excellent road connections from Barcelona and Gerona and the most number of sunny days throughout the year make it highly desirable to live or spend your holidays both in summer and in winter.

The prestigious ski resorts of Cerdanya offer different activities throughout the year including snowboarding, skiing on all its slopes as well as routes for hiking, trekking, horse riding, mountain biking, etc. To this variety of activities we must add those you can take part in the airfield and the magnificent golf courses.

The panoramic views of the valley and the mountains, with south-facing orientation and in urbanisations with scenic views are the most in-demand features. The Valencian Community leads the property resale ranking in Spain. For a few years Valencia was known for its high number of new-builds. Now, however, the Valencian Community leads the ranking in Spain for the highest home resales. The average price per square metre of these properties was 1, This is a lower figure registered in the Valencian capital, which stood out in the past year due to the significant increase in the price of properties.

Specifically, the city of Turia saw the value of its properties rise by Foreign demand will continue to be one of the main pillars of real estate business in the Valencian Community this year. Districts of the city of Valencia. The city of Valencia is distributed in 19 districts, subdivided in turn into 89 neighbourhoods and districts. This is the most in-demand area of the city, especially the properties in stately areas with generous footage and three or more bedrooms; the houses with high ceilings, moldings and handcrafted mosaic floors and topfloor flats.

The first type, especially between Valencian families in their majority as well as the last type of property is popular among foreigners and young people with high purchasing power. It was sold for four million euros. The foreigners who bought more properties in the area are the French, German, American and Chinese, to which other nationalities such as Italians, Dutch, Belgians and Russians are added.

Europeans and Americans look for renovated homes with character in order to make profits from, either through capital appreciation or by renting it out. In the centre of Valencia there are three very different areas:. There are many architectural gems like the Cathedral, the Plaza de la Reina and Miguelete located here.

In one of the most affordable areas of the centre of the city, family-sized apartments of around sqm with two bathrooms are in high demand, with prices around , euros for homes that require renovation and , euros for those that are already renovated. In this vast and heterogeneous area of Valencia, apartments and houses on the beachfront coexist with flats in the city. This is a booming district where there has been significant growth, both in services and prices. The type of property most in demand are the three-bedroom and two-bathroom apartments on an area of around sqm, followed by apartments and penthouses.

On the beachfront, the buyer chooses apartments of more than 80 sqm with two bedrooms or houses with a minimum of sqm and three bedrooms with a pool. The proximity to the beach has turned the district of Cabanyal-Canyamelar into one of the fashionable areas of the city to reside in. Most foreigners look for apartments as a holiday home in beach areas with a clear preference for top-floor flats.

The rental market in Valencia remains at its full capacity, but expectations may change with the housing plan laws in terms of rentals. The most common request by the clients that buy urban properties in the metropolitan area of the city is that they must be well connected with the city and with access to multiple services.

The profile is made up of national families with children looking for a larger home, and even in exclusive and private developments. In Valencia, the average term of the rental contracts is between one or two years, with very few tenants who are rented for three years in the same home. Non-residents seek quiet homes, without the noise pollution of large buildings, with swimming pool, nearby amenities and well connected with city, airport and beach.

The highest in demand properties The star property for rent in Valencia is drawn by bedrooms and two bathroom apartment distributed in sqm, located in Eixample and with a monthly cost of around 2, euros- preferably on the top floor with terrace or balconies and an absolute preference for attictype homes.

In the urban district, there are two types of properties that are highly sought: those that have a residential area, spacious, with three bedrooms and are well connected to the city, and those properties that investors are interested in buying with part of their savings and rent out for profit.

These homes must be between 80 and sqm, with good road connection routes, two or three bedrooms and they must be in a good condition. Campanar, one of the most popular districts outside the centre, stands out for its recently-built properties and buildings — less than 20 years ago- and these properties have communal areas, such as swimming pool, social club, sports courts and other amenities.

There are three distinct profiles: families with children of medium-high purchasing power, foreigners with high purchasing power who reside in Spain for a limited period of time and couples without children or single people.

The beach of Valencia, driven by the new urban development project of the city, which arouses the interest of foreign clients and investors, already recorded a significant increase in prices and demand in , which has been maintained over the past year.

Alicante is much more than just one of the most important tourist destinations in Spain. This dynamism, driven in equal parts by the national and international buyer, focuses on properties with a minimum of three bedrooms and two bathrooms overlooking the sea. The most in-demand types of properties in the city are the penthouses and flats facing the sea or the port with terrace located on beaches such as San Juan, Almadrava or Muchavista.

All of these are prices in very exclusive homes that double the average of the rest of the zones. In Alicante there are several nationalities that give the city a cosmopolitan and multicultural vibe. Rentals The real estate dynamism of Alicante the last year has also been noticed in the rental segment where the average prices have been placed in a range between 8 and Alfaz del Pi This is one of the most popular tourist destinations in the Alicante town of Costa Blanca.

Benidorm Also known as the New York of the Mediterranean, this is the town with more skyscrapers per inhabitant and the third with more hotel beds in Spain after Madrid and Barcelona.

For all these reasons, it is considered to be the capital of Costa Blanca. The main market is divided into two types of properties: individual houses that were constructed 10 years ago and apartments with two or three bedrooms with an average age of 15 years.

The first ones are used as main homes, while the apartments are used as holiday rentals. The most in-demand properties in Benidorm are those located on the beachfront, penthouses, with good views, new or renovated homes and residential complexes with communal areas. While the demand for flats is centred on the first or second line of the beach, the highest standing is dominated by luxury villas with sea views that give the owner privacy.

The main buyers are retirees who want a second home, but also families and single buyers. In all of them, foreign retirees together with couples and families draw the profile of the buyers. For its part, Polop is considered a sleepy town in the coastal resort of Benidorm. The urbanisation of Sierra Cortina in Finestrat is one of the fashionable locations thanks to its offer of new-build villas, its proximity to the sea, the mountains, and golf courses. Although it is also a holiday resort, it is highly sought by families who are looking for their first home.

For its part, Villajoyosa offers a beachfront, an urban centre and a large port and yacht club. On the supply side, new-builds for sale predominate. On the demand side, the buyers are foreign retirees looking for a holiday home. Its wide cultural offer, continuous innovation, a strong business network and solid infrastructures have made Malaga the target of many real estate investors.

Its location on the beachfront and the shortage of land have caused a mismatch between supply and demand that has triggered the price increases, mainly in the most sought-after addresses such as Paseo La Farola, Reding. Among foreigners, it should be noted that there is no nationality that prevails over the others, although the Nordics, Dutch, Belgians, French, British, Irish and German take the lead, to a lesser extent, there are also Iranians, Brazilians, Swiss, and Americans that must be added to the list.

While foreigners prefer attic-type flats, terraced and single-family apartments, Spaniards choose flats and townhouses. This municipality located on the western region of Costa del Sol is deep in the foothills of Sierra Blanca, about metres above sea level. This is where Mijas Pueblo is located, with its centre being declared as a historical and artistic complex. This municipality is in a privileged location overlooking the Mediterranean between the coasts of Fuengirola and Marbella.

The penthouses and houses near the beach or overlooking the sea are the most in-demand types of homes, mainly among international buyers who are the main investors in the area, led by the Nordic, German, French, Belgian and British. This coastal region has 14 kilometres of beaches that are in high demand by both international and domestic buyers. The rental market registered a strong boost in the city thanks to an offer well below demand. By , this is expected to increase. The reason for this greater offer is that many owners re-let their homes for long periods instead of opting for holiday rentals.

For their part, Spaniards opt for apartments with two bedrooms and two bathrooms located in well-connected areas, with quality services and offering large leisure areas. The most sought-after types of properties are divided into two categories. On the one hand, attic-type flats or apartments with two or three bedrooms near the beach with a price of between , and , euros and, on the other, townhouses with prices of up to , euros are highly sought among foreign property seekers. Known as the European California, Marbella is a true real estate oasis synonymous with international luxury, not only because it is one of the most popular tourist destinations in Andalusia, but also because it has a high occupancy all year round.

After a few years of business paralysis, the town has resurfaced as an investment destination for Europeans and clients from Arab countries. The territory that forms the Golden Mile of Marbella comprises five kilometres of coastal strip. Symbol of luxury, this is one of the most exclusive and highly-sought real estate markets in Europe, which has been noted in the increase in the number of homes purchased by investors.

In Nueva Andalusia most are British and Scandinavian buyers. The areas with the highest prices are Puente Romano, Sierra Blanca and Marbella Club, where the profile of the buyer is drawn by investors and families looking for a second home, preferably villas or apartments near the beach that are new and modern.

East Marbella - El Rosario West Marbella The amenities of this destination together with the excellent infrastructures, the international schools in the area and the security it enjoys make this area one of the most sought after in the country.

These buyers especially value the southwest facing properties with views to the sea and the proximity to golf courses. Among the international buyers, the British, German, Nordics, French and the Netherlands also stand out. All these features combined with other amenities such as an elevator, a cinema room, a spa and open-plan kitchen place the prices of these villas between 2 million and 2. In recent years, more and more investors have made purchases in this area.

The former prefer semi-detached houses and apartments, while buyers from northern Europe look for villas. Closely linked to the fashion industry, the herculine city also has one of the most important ports in Spain. An increase led by the variety in the type of properties, focusing on the city in apartments and flats, and in the municipality of Oleiros, in the outskirts, in detached homes both independent and attached to urbanisations. In this last area, in which the streets are located very close to each other, there has been a slow but progressive rise in prices compared to It is an area with increasing prices, mainly due to the high demand and the scarce supply.

The profile of the buyer is that of an investor looking for a property to renovate and rent out later, as well as families with high purchasing power. Why Spain and Portugal are so attractive for real estate investors Spain and Portugal have taken advantage of the recent years of economic recovery to attract large international investors and to enter the list of the most interesting real estate markets in developed countries.

Real estate in Barcelona: an assessment of and the outlook Barcelona continues to attract real estate buyers from all over the world and is one of the best European cities for investment in , thanks to its exceptional quality of life and growing number of investment opportunities. Only 0. How many properties are the British buying in Spain as Brexit approaches? The moment of truth is approaching for the highly controversial Brexit.

970,000
* €/m2
Property Wire
256 m2 | 10 bedrooms | 1 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
In the last decade, the housing market in Spain has changed completely. Between and , the number of sales increased, as did rental prices. 19/​02/ After seven long years of house price declines, Spain's housing market only In , foreign homebuyers bought over 65, homes in Spain, up % from a. Property sales and prices in Spain are forecast to rise in as long as there are no sudden economic surprises or changes to the mortgage.

This trend is expected to be a key driver for overall housing market growth across Spain. At the same time, a lot of rental properties will become free and this might in some areas cause downward pressure on the rental prices. Rental prices have gone up strongly in recent years and will likely normalize, stabilize in the next few years and probably slightly decrease in some of the hot areas.

Again here, in markets where expats love to buy, this effect might be different due to their willingness to pay a premium for location. Brexit continues to make potential British buyers apprehensive. While no one can predict what the impact will be, what is clear is that—independent from the actual outcome—the uncertainty of Brexit generates anxiety.

And, in uncertain times, people become even more interested in buying properties above any other type of investment. We receive more questions than ever before from UK buyers; they are still the largest nationality buying in Spain with an average of property acquisitions per week. The political tension between Spain and Catalonia did initially create worries with investors.

However investors look at returns, probabilities and risks, and they see that the probability for a bad outcome is very low. The national and regional governments are evaluating options to keep market prices down. It seems likely that these measures will produce the opposite effect: higher rental prices and higher buying prices in the areas where the government intervenes. Proptech : there is a lot of buzz. Adding services to pure technology is a critical way to create differentiated value and to convince customers to pay.

I do believe strongly in big data applications—we have tested many and are using the best—to support making better purchase or sale decisions. They add clear value and generate insights that one simply cannot attain without combining tons of data. Mortgage conditions will change. The good news is that the European Central Bank has decided to keep interest rates low for the rest of the year, but banks will try to compensate for additional costs imposed from recent regulatory changes with incremental charges to buyers.

Watch out for new hidden costs; competition between banks is fierce. We have seen creative and totally unacceptable, shameless practices from some of the largest Spanish banks hitting borrowers with hidden costs. Second homes in the coastal areas will remain very attractively priced. Prices still have not seen significant recovery yet except for some very specific areas and great opportunities exist.

Send Email Live Chat. Forgotten your password? Click here. Don't have an account? Register here. Already have an account? Login here. Remembered your password? Sign In. Estepona La Perla de Riviera. Mijas Costa Delta Mar Suites. Mijas Costa Oasis de Guadalmina Baja. Second hand property prices in Spain increased 8.

Home Blog News Second hand property prices in Spain increased 8. Share Print. Great property market news to kick off For those of you awaiting the first real estate market news of , here it is: second hand property prices in Spain increased quite dramatically last year. Need any information related to buying or selling property on the Costa del Sol? Do you want to know what impact this might have on your property? Our VIVA property experts are on hand to answer any questions you may have, from making the move to Spain, information about related costs and legal issues, the latest market news and tendencies and, of course, the best range of properties anywhere on the Coast.

Have you got something to say? Max length characters. Notify me of follow-up comment via email. Leave Comment. Related Posts Current Affairs. Would you like to find the property that's perfect for you? Contact us. Follow Us:. Featured properties Loading Browse All. Latest news Loading Find a Property Find a Property. Ask a Question Ask a Question. Marbella Find a Property Schedule Visit info yourviva. Schedule Visit info yourviva. Site Search. Property Search 13, properties available Find a Property.

Want to know more?

397,000
* €/m2
Spain’s house price rises decelerating, but outlook remains upbeat
136 m2 | 7 bedrooms | 3 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
In the last decade, the housing market in Spain has changed completely. Between and , the number of sales increased, as did rental prices. 19/​02/ In , 65, non-resident foreigners bought property in Spain. That is to be a key driver for overall housing market growth across Spain. This will help them get on the property ladder easier. In recent months, the housing market has been dominated by investment demand (around.

Lots more of this sort of thing all over the old town barrios. Kinda Brexitesque …. Leave a Reply Cancel Reply You must be logged in to post a comment. Foreign Currency Exchange. Financial Distress Solutions. Spanish Property Insight Everything you need to know about property in Spain. Remember Me. Forgot password? Click here to reset. You can find out more here. Necessary Always Enabled. I say this with some caution simply because property valuation figures tend to vary slightly depending on the author of the data, whether it be Tinsa , the National Registrars Association , the Spanish Statistical Office , etc.

However, despite the small discrepancies that may be noted between these different data sources — some of whom are yet to publish their findings — the overriding conclusion is that was a breakthrough year in terms of the growth of the real estate sector and further consolidation of the Spanish economy as a whole.

As useful as statistics are, many of us just want to know what our second hand property in Spain is actually worth now compared to 1 st January Of course, this is an average percentage, and the appreciation or depreciation of any property would depend entirely on the region or province. So, by way of reiterating the message, now is most definitely the time to buy. Although price increments are predicted to be sustainable and not erratic , the moral of this tale is to get your foot in the door literally!

Leave a Comment. Read More. Head office address Ctra. Schedule Visit. Helena Monks Customer Services. Send Email Live Chat. Forgotten your password? Click here. Don't have an account? Register here. Already have an account? Login here. Remembered your password? Sign In. Estepona La Perla de Riviera. Mijas Costa Delta Mar Suites. Mijas Costa Oasis de Guadalmina Baja. Second hand property prices in Spain increased 8. Other statistics on the topic. Profit from additional features with an Employee Account.

Please create an employee account to be able to mark statistics as favorites. Then you can access your favorite statistics via the star in the header.

Profit from additional features by authenticating your Admin account. Then you will be able to mark statistics as favourites and use personal statistics alerts. Please log in to access our additional functions. Yes, let me download!

Exclusive Corporate feature. Corporate Account. Statista Accounts: Access All Statistics. Basic Account. You only have access to basic statistics. Single Account. Your perfect start with Statista. Corporate solution including all features. Statistics on " Office real estate in France, Italy and Spain ".

The most important statistics.

538,000
* €/m2
272 m2 | 8 bedrooms | 2 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
In , 65, non-resident foreigners bought property in Spain. That is to be a key driver for overall housing market growth across Spain. In December , a house in Spain would cost around thousand euros per square meter built. When thinking about buying a house in Spain, there are many different As well as things like the relative comfort of work or family, you also have to consider the price per square metre or square foot of the We break down the cheapest (and not so cheap) places to buy property in Spain / Gtres. 1 June , Redaction.

On the contrary, in seven of these districts, the property prices have fallen. These include Cantabria When taking into account the type of property concerned, the annual variation for new-builds was 6. By autonomous Community, Madrid There are already five consecutive years with increases in mortgage approvals and two in which more than , are taken into account.

However, these figures are far from the million or more mortgage approvals that were recorded back in and This means four out of 10 mortgages are fixed-rate, compared to one in ten back in , due to the interest rate increases that are expected in the coming months. The property sales figures are also positive, which even exceed the number of mortgages given to borrowers. Andalusia, Catalonia, Valencia and Madrid are the autonomous communities with the most sold properties.

By , the forecasts point to exceeding the half a million sold properties, as per what happened last year. According to statistics, the rental properties continue gaining adepts in Spain and have already reached a total of The rental boom responds to a change in preferences by the housing trend regime as more people opt for investing in a buy-to-let property. In the coming months, the measures related to the rental market that are negotiated within the framework of General State Budget could result in an element of uncertainty.

Property price moderation has arrived to the capital. The year has meant the recovery of the real estate sector in Spain, surpassing the , property sales. This is a figure that has not been achieved since , according to the Real Estate Registry Statistics published by the Spanish Property and Commercial Registrars. This situation has also occurred in the city of Madrid.

The capital is also the second municipality of the country that has registered a greater rise in the prices of properties. Although the price per square metre rose by an average of euros in the capital, during the last few months of the. The forecasts by the Registrars point to a higher growth in demand in motivated by a reduction in the upward trend in prices, which will go from growing at a rate of two digits to a single digit.

By neighbourhoods, the central districts experienced a moderate rise in prices last year. Throughout , the Centro district has been subject to multiple urban modifications that have created an expectation of growth in purchases and prices. Last year, investor interest caused a significant reduction in the average time it took for a property to sell, from to days.

The excellent location of this district makes it the top chosen place by the upper-class Spanish families who buy their first homes. If in the Latin Americans, mainly Mexicans, Colombians and Venezuelans, carried out these purchases, in there was a growing interest from other nationalities such as the Filipinos or Americans, as well as some operations carried out by Chinese, Portuguese and Croats.

In Recoletos and Castellana you can find elegant homes in aristocratic buildings from the nineteenth century with newbuild properties that are highly appreciated by international customers.

The main buyers for this type of property continues to be the upper-middle-class Spanish families, together with a new type of buyer that has emerged in recent years with a more senior profile looking for a new home. The profile of the buyer in this area is mostly national, many of them expats who want to return to Madrid to live in the centre. The residential area closest to Legazpi is the green zone par excellence of the district.

Both of these neighbourhoods boast the most varied international client profile compared to the significant number of national buyers in other districts. The most in demand type of property is divided into flats with:. The most authentic district of Madrid can boast of having the greatest architectural heritage where the 19th and 20th century aristocracy built their private villas.

This district on the northwest of Madrid combines several highly-sought residential areas by the upper-middle class Spanish families who work in companies with their headquarters located nearby. They mainly look for flats, especially top-floor ones, single-storey homes and townhouses. The detached homes in Mirasierra are also in great demand, located in plots of between and 1, sqm and priced between 1.

In the latter case, Gaztambide and Vallehermoso, due to their proximity to the University City, are the most sought after areas for buying and renting to students. The traditional buyer in Mirasierra has joined many foreigners in recent years, mainly Germans who live in Madrid and who choose this area since the German School moved to Montecarmelo, with which there is a direct connection.

This less than year-old neighbourhood, in addition to the German community, attracts younger buyers with small children, who are looking for a quiet residential area with lots of parks. Mirasierra and Montecarmelo are precisely the areas where the most expensive streets are located.

EThe client profile of this district is very varied and mainly national. It ranges from upper-middle class families with children at school or university age, middle-aged couples who have lived in the area of Pozuelo-Majadahonda and who are interested in returning to Madrid and finally young couples who have always lived in the area. With a highly stable and solid demand in all the neighbourhoods that make up this district, Ciudad Lineal can be divided into two very different areas, according to property type and buyer profile.

Hortaleza is the district of Madrid where there is a greater contrast both in the types of houses it offers and in the profile of the investor. Both investors and individual customers who choose these areas tend to look for spacious apartments in stately buildings. The profile of the buyers consists of people with a medium or high purchasing power, who are usually young families with two or three children.

The most in demand types of properties that determine the prices in the area are penthouses and duplexes. Similarly, there are also in-demand properties in Puerta de Hierro, an emblematic urbanisation of the district that has been around for more than 40 years, which houses several embassies as well as the private residences of many ambassadors and diplomatic personnel.

It is the place chosen by many celebrities who seek absolute privacy in an environment very close to Monte de El Pardo and the centre of the city. Despite these price differences, the most expensive area stands out near Arturo Soria, which is undoubtedly the main artery of the district, where the most in-demand properties are in fully serviced communities and well-connected with the city centre. Along with this area, the new-builds in Palomas also stand out.

Located in the north of Madrid, these are very recent neighborhoods, whose construction began at the beginning of s. These districts located close to the Madrid airport are a good option for those middle-class Spanish families looking for homes in residential buildings near Madrid and equipped with a pool and communal areas.

As these are very recent residential neighbourhoods with mainly young families who have average purchasing power, the demand is mainly focused on two to three bedroom properties. In fact, there are few who have four bedrooms despite the fact that there is also demand for these homes.

Valdebebas does not currently have as much demand due to lack of public transport and amenities, such as schools, restaurants, pharmacies. However, it is a growing neighbourhood where the new-builds and off-plan property purchases prevail. There are two buyer profiles. On the one hand, the Spanish investors who buy one-bedroom homes; and on the other, families who look for a minimum of 2 bedrooms to rent as they want to work for companies that are based in the area.

Niza Avenue and Tampico Street are considered as the most expensive streets of the two neighbourhoods. Renovated flats of around sqm, with two bedrooms and two bathrooms, well located and with a price between 1,, euros per month; although this is the description of the star property for rent in Madrid, the type of property most in demand varies greatly according to the areas. While in the downtown neighbourhoods of the capital, customers look for two-bedroom apartments, renovated and unfurnished, leaving the central almond surrounded by the M, we can find more demands for homes, both detached and flats, including garden, swimming pool and sports facilities.

By price, the rental demand focuses on properties below 2, euros a month with good location or, at least, well connected with public transport, with a wide range of shops, amenities, and parks. Those that were advertised for less than 2, euros a month were rented in less than a month.

In these areas, the streets of Serrano and the Salesas and Olavide plazas boast the highest rental prices. The first one forms an urban continuum with Madrid through Aravaca, with which it appears to form a single nucleus, while the other two are further away from the capital. These large developments of detached buildings on the outskirts, as well as Avenida de Europa, characterised by blocks of properties on up to five floors, are considered as the areas inhabited by the population with the greatest purchasing power in the municipality.

The offer in the northwest area of Madrid consists of high-quality housing and luxury developments, with high security features and excellent services. These can be villas with more than sqm and four bedrooms, with garden and swimming pool, with prices around one million euros. The third municipality with the highest per capita income in Spain consists of a similar type of housing and a buyer profile to the previous two. In Las Rozas and Majadahonda the demand is focused on penthouses and apartments in the centre, mainly by Spanish families, and in apartments of more than sqm and large detached villas sought by foreigners or nationals who want to move away from the city centre and look for more space.

Throughout , there was a reduction in the average time it took to sell a property in these areas. While in Las Rozas, the large-size houses exceeding one million euros tend to spend less time being on the market, from 12 months to months. In , the houses in Majadahonda with prices below , euros went from an average of six months on the market to just four months. Majadahonda is one of the most popular locations in the northwestern area of the capital, where the Monte del Pilar area stands out, consisting of the most modern houses and the best developments, and the Golf area, which is highly sought by health care professionals due to the its proximity to the Puerta de Hierro hospital.

Located in the north of the metropolitan area of Madrid, the area is subdivided into three urbanisations: La Moraleja, El Soto de la Moraleja and Encinar de los Reyes. Close to Arroyo de la Vega, where a large number of multinationals have established their headquarters, the most popular properties are flats, especially penthouses and ground floor properties, between and sqm, although there is a growing interest for detached homes in private estates with communal areas, which are very scarce in La Moraleja.

The client profile is someone who looks for a multicultural environment to live near some of the best private and international educational centres in Spain just 15 minutes from the centre of Madrid.

These are the determining factors for many expats who choose La Moraleja to live in, initially to rent a property before buying at later stage. Below this price level, around six million euros is the average asking price in two emblematic streets: Camino Sur and Paseo Marquesa Viuda de Aldama.

The detached house on a large plot -in some cases it can reach up to one hectare of land- is the typical property type on both of these streets. In the area to the north of the capital there are three very different regions.

The first, located around the National I Fuente del Fresno, Ciudalcampo and Santo Domingo , is made up of detached homes in plots of about 3, sqm within luxury residential developments.

The buyer profile is marked by Spanish and foreign families with high purchasing power, usually entrepreneurs or multinational executives with an average of three children looking for large houses with swimming pool and garden. This is a change of trend with respect to previous years and it will continue throughout due to three factors: the different price levels, the different types of buyers and the increasing number of tenants who are becoming home owners.

The rental market was affected in by two reasons: a growing number of tenants in central areas moved to the outskirts of the city and there was a decrease in the number of foreigners looking to rent a house during the first 6 months of the year before their numbers started increasing during the second half of the year. Throughout the first quarter of , it is foreseeable that the house prices in Barcelona are about to experience a slight drop in the most premium areas.

This will be a great opportunity for buyers and it will turn the Catalan capital into a very attractive city compared to other European cities. The increase in economic and. By , the real estate market will take a year to pause in Barcelona capital, although in the surroundings it will once again record double-digit growth. Even though in the prices will fall in the Catalan capital, the decrease will be prompt and in no case should it be considered as a real estate bubble.

There will not be a. In turn, the continuity of low interest rates, the wage increases, the rise in employment and the ease of granting mortgages by banks will cause a medium term increase in the number of national buyers.

With regards to the outer area of the city, the forecast is of continuity in the growth of prices and purchases. The proximity to the sea and the great cultural offer of Ciutat Vella places this district in the top favourite list of interested investors who want to buy a second home both for holiday use and to rent out.

However, the best advantage of the homes in this district is that they have preserved their original features like hydraulic tiles and original woodwork and they are located in stately buildings with modernist details. For , stability in prices is expected with an increase in the number of purchases by the national client and the lack of international buyers.

This area directly competes with the pleasant Rambla and the quiet and semi-pedestrian Enric Granados. The last area is perfect for walking and well connected to the city.

Passeig Sant Joan is highly popular for having more affordable homes than the rest of the mentioned areas. This district has still maintained its real estate growth, which began in thanks to an increase in property demand and prices. These properties range between 50 and 80 sqm and investors who buy such properties do so for letting purposes. The most sold types of properties are penthouses and mainly large-size houses with high ceilings, original fea-. The most premium neighbourhood in this district is the sophisticated Pedralbes that, framed between the hills of Collserola and Avenida Diagonal, is within easy reach to the city.

The profile of the buyer consists of people with a high purchasing power who are mostly locals, although the international buyers did emerge in These clients have shown particular interest in properties in the high zone with prices over 3 million euros, which is a safe investment for them. Detached houses of up to sqm, with at least six bedrooms, on plots of more than 1, sqm with large garden and absolute privacy and views over the city are the typical properties found in this prestigious avenue.

The buyer profile of these homes is mostly foreigners from different nationalities such as Russian, Ukrainian, Swiss, American and Romanian, and many of them are entrepreneurs and athletes.

During , the housing market slowed down and as a result, it took on average 8 months to sell a property. The rest of the district, which perfectly combines the residential character with the hustle and bustle of all the services it offers, has a high demand from national customers. For , the prices are set to become stabilised. While the French, Italian and English clients look for one or two bedroom flats to rent, the Brazilians, Serbs, Austrians, Argentines and Spaniards prefer larger homes or top-floor flats to live with their family.

The profile of the buyer in the growing district of Barcelona consists of national clients. Next to the beach of Llevant and well connected with the centre of the city by public transport, the properties are spaces, bright and airy, and boast spectacular views of the sea or the park. This area, where the most modern and innovative character of Barcelona is fused with the presence of the ancient nucleus, will cause profound changes in the lower part of the neighbourhoods of Sagrera and Sant Andreu.

Nou Barris, however, still has room for improvement in terms of easier access to financing by the banks, improving the job market and being perceived as a district where investment opportunities with which you can make big profits through buy-to-lets and capital appreciation exist. Property prices in Sant Andreu. In , the rental market in Barcelona has achieved the longed for stability in prices. Although there is balanced supply and demand, prices would still need to decrease in order to meet the demands of the national client.

However, the approval of the new decree law could draw a scenario in which there is a reduction in property supply that would not be give margin to the price drop. It is expected that throughout , the more central locations could see rent price stability while in the most affordable neighbourhoods or the outer areas of the city a slight increase in rental prices might be on the cards. The most searched properties for rent are between sqm.

The monthly rent is on average 1, euros. The most popular homes in these districts are between 50 sqm and 90 sqm, with average prices that are around There are two factors that will be the main driving forces behind the increased demand: on the one hand, the increase in the number of young people leaving home and wanting to live on their own thanks to more employment and, on the other hand, the international demand that will continue with full force in the city.

In terms of property supply, it should be noted that more and more rental homes are of high quality since most of the properties that were previously rented out have now been sold so investors look for more renovation properties to buy for cheap before renting them out for profits. The average income that tenants pay in this area exceeds 2, monthly euros.

The construction of the harbour and the extension of the port docks represent a total renewal for the real estate market of the outskirts of Barcelona. This municipality is part of the metropolitan area of Barcelona and only 8 km from the centre of the city.

This is the area chosen by families and young couples who are looking for buy their first home. The real estate market of Hospitalet has a high percentage of national clients.

The most in demand properties are detached houses and townhouses that range between and sqm. The most expensive areas that are close to this town are located 12 kilometres from Barcelona. The entrenched but growing demand in Sant Cugat goes hand in hand with. Matadepera offers more affordable properties than other locations closer to the city in a natural and peaceful environment highly valued by young middle class families with young children.

The rental properties most in demand are the 3 bedroom flats and townhouses that have communal areas. In urbanisations, the properties with the highest demand from tenants are detached houses with garden. These are especially popular among tenants between 35 and 45 years of age with children.

With regards to centrally located flats, the profile of the tenant consists of young couples and people from 60 years of age upwards. Just a few minutes away from Barcelona, there is an area with residential character and a very complete offer of amenities and services that is divided into north and south.

Detached houses or residential complexes with garden areas are the most sought-after types of properties by families with children and young couples who choose to live in this metropolitan area due to its excellent public transport network. The most in demand properties are and sqm flats and villas of between and sqm.

They also value comfort and the easy access to Barcelona and the airport. Located in the Garraf region, Sitges is a vibrant and cosmopolitan town on the coast that enjoys mild temperatures all year round. Located 38 km from Barcelona, it has a great infrastructure for tourism and is a highly sought-after town for main residence or a holiday home. The apartments that are in most demand for rent consist of 80 sqm and houses of about sqm in the centre, including in Vinyet and Terramar due to their proximity to town and sea and for the peace and tranquility.

The tenants are divided into equal parts between national and international clients. The most popular homes are the sqm penthouses and apartments between sqm with terrace and sea views. The rest is between Belgians, German and other nationals from Eastern Europe. The proximity of Gerona to the sea and the mountain as well as the French border and Barcelona, with which it shares excellent connections via the motorway and AVE, are the decisive factors when choosing this comfortable city to live in.

The most popular homes in this city are bedroom flats of between 70 and sqm and close to medical, educational and shopping centres, especially the ones within proximity to the high speed train station. In the Barri Vell area, the demand is focused on small apartments for short stays in the city. After becoming the fashionable neighbourhood of Gerona, this is an area highly sought by investors who buy properties to rent out to tourists and students. The buyer profile of other areas of the centre, such as Eixample, Devesa and Montilivi is drawn by families from the city with access to mortgages.

Since last year,. There is a very high demand for rental properties, but the offer in general is very low, which has caused an increase in prices and difficulty in finding a home.

Lloret de Mar Blanes. Eixample is the area with the highest prices in the city, mainly in the north, where the average price per square metre exceeds 3, euros, with La Salle as the most sought-after address.

It is a characterful Bohemian enclave and highly exclusive. The most popular homes are detached homes between , euros and , euros with sea views and south-facing apartments between 70 and 90 sqm with large terraces of between , and , euros. However, a growing interest from national customers was observed last year. On the other hand, the inner region of the national parks, Montseny and Les Guilleries, allows you to enjoy nature with utmost privacy without being away from the great road connections and the nearby beaches of the Costa Brava.

The homes by the canal, the closest ones to the sea, as well as the properties that have their own mooring are the most in demand. The preference for those who have a sailboat or yacht focuses on canals that make it easy to maneuver or the ones that are just before the bridges. The star property in Empuriabrava would be an individually-designed house of about sqm with bedrooms, a sqm land and with mooring in the wide canal after of the bridges, where only boats can go up to 2.

The rest is divided between the Belgians, Dutch and the British. As with the rest of the Costa Brava, the percentage of foreign clients is higher than national buyers. The awakening of real estate market has been delayed compared to other provinces due to the significant property stock existing after the housing bubble burst.

It is these last two streets are nestled between the most popular areas next to the Rambla Nova neighbourhood which represent the most prestigious area. With regards to the foreign buyers, who are mainly the French and Swiss, the demand is focused on La Mora and Tamarit, where customers look for detached holiday homes near the beach.

The momentum of the market will come when the rise in property investment goes hand in hand with resale purchases. Among the Spanish, the Valencia and Basque Country locals stand out, while among foreigners, the predominant nationalities are the French and British. At 1,, metres above sea level, the most sought-after areas are Baqueira. This is especially the case with the pre-owned properties and detached houses. The Val de Ruda region, located at the foot of the Baqueira-Beret ski resort, is a complex with properties, three hotels, shopping arcades, schools, ski equipment rental shops, restaurants, and chairlifts for easier access to the ski station.

The capital of the Aran Valley is the nerve centre of the region. It is bustling all year and offers all kinds of properties, from detached homes with gardens, to small apartments. In Vielha, there are two of the most prestigious urbanisations in the area: La Solana and Santa Gemma, both with private villas that are built in typical Aranese style. Located in a long valley east of the Pyrenees that runs along the Segre River and natural border crossing between Catalonia, France and Andorra, Cerdanya is the chosen destination by the upper class Catalans for their second or third residence.

Its strategic location, the excellent road connections from Barcelona and Gerona and the most number of sunny days throughout the year make it highly desirable to live or spend your holidays both in summer and in winter. The prestigious ski resorts of Cerdanya offer different activities throughout the year including snowboarding, skiing on all its slopes as well as routes for hiking, trekking, horse riding, mountain biking, etc.

To this variety of activities we must add those you can take part in the airfield and the magnificent golf courses. The panoramic views of the valley and the mountains, with south-facing orientation and in urbanisations with scenic views are the most in-demand features. The Valencian Community leads the property resale ranking in Spain. For a few years Valencia was known for its high number of new-builds. Now, however, the Valencian Community leads the ranking in Spain for the highest home resales.

The average price per square metre of these properties was 1, This is a lower figure registered in the Valencian capital, which stood out in the past year due to the significant increase in the price of properties. Specifically, the city of Turia saw the value of its properties rise by Foreign demand will continue to be one of the main pillars of real estate business in the Valencian Community this year. Districts of the city of Valencia. The city of Valencia is distributed in 19 districts, subdivided in turn into 89 neighbourhoods and districts.

This is the most in-demand area of the city, especially the properties in stately areas with generous footage and three or more bedrooms; the houses with high ceilings, moldings and handcrafted mosaic floors and topfloor flats. The first type, especially between Valencian families in their majority as well as the last type of property is popular among foreigners and young people with high purchasing power. It was sold for four million euros.

The foreigners who bought more properties in the area are the French, German, American and Chinese, to which other nationalities such as Italians, Dutch, Belgians and Russians are added.

Europeans and Americans look for renovated homes with character in order to make profits from, either through capital appreciation or by renting it out. In the centre of Valencia there are three very different areas:. There are many architectural gems like the Cathedral, the Plaza de la Reina and Miguelete located here.

In one of the most affordable areas of the centre of the city, family-sized apartments of around sqm with two bathrooms are in high demand, with prices around , euros for homes that require renovation and , euros for those that are already renovated.

In this vast and heterogeneous area of Valencia, apartments and houses on the beachfront coexist with flats in the city. This is a booming district where there has been significant growth, both in services and prices.

The type of property most in demand are the three-bedroom and two-bathroom apartments on an area of around sqm, followed by apartments and penthouses. On the beachfront, the buyer chooses apartments of more than 80 sqm with two bedrooms or houses with a minimum of sqm and three bedrooms with a pool. The proximity to the beach has turned the district of Cabanyal-Canyamelar into one of the fashionable areas of the city to reside in. Most foreigners look for apartments as a holiday home in beach areas with a clear preference for top-floor flats.

The rental market in Valencia remains at its full capacity, but expectations may change with the housing plan laws in terms of rentals. The most common request by the clients that buy urban properties in the metropolitan area of the city is that they must be well connected with the city and with access to multiple services. The profile is made up of national families with children looking for a larger home, and even in exclusive and private developments.

In Valencia, the average term of the rental contracts is between one or two years, with very few tenants who are rented for three years in the same home. Non-residents seek quiet homes, without the noise pollution of large buildings, with swimming pool, nearby amenities and well connected with city, airport and beach.

The highest in demand properties The star property for rent in Valencia is drawn by bedrooms and two bathroom apartment distributed in sqm, located in Eixample and with a monthly cost of around 2, euros- preferably on the top floor with terrace or balconies and an absolute preference for attictype homes.

In the urban district, there are two types of properties that are highly sought: those that have a residential area, spacious, with three bedrooms and are well connected to the city, and those properties that investors are interested in buying with part of their savings and rent out for profit. These homes must be between 80 and sqm, with good road connection routes, two or three bedrooms and they must be in a good condition. Campanar, one of the most popular districts outside the centre, stands out for its recently-built properties and buildings — less than 20 years ago- and these properties have communal areas, such as swimming pool, social club, sports courts and other amenities.

There are three distinct profiles: families with children of medium-high purchasing power, foreigners with high purchasing power who reside in Spain for a limited period of time and couples without children or single people.

The beach of Valencia, driven by the new urban development project of the city, which arouses the interest of foreign clients and investors, already recorded a significant increase in prices and demand in , which has been maintained over the past year. Alicante is much more than just one of the most important tourist destinations in Spain. This dynamism, driven in equal parts by the national and international buyer, focuses on properties with a minimum of three bedrooms and two bathrooms overlooking the sea.

The most in-demand types of properties in the city are the penthouses and flats facing the sea or the port with terrace located on beaches such as San Juan, Almadrava or Muchavista. All of these are prices in very exclusive homes that double the average of the rest of the zones. In Alicante there are several nationalities that give the city a cosmopolitan and multicultural vibe. Rentals The real estate dynamism of Alicante the last year has also been noticed in the rental segment where the average prices have been placed in a range between 8 and Alfaz del Pi This is one of the most popular tourist destinations in the Alicante town of Costa Blanca.

Benidorm Also known as the New York of the Mediterranean, this is the town with more skyscrapers per inhabitant and the third with more hotel beds in Spain after Madrid and Barcelona. For all these reasons, it is considered to be the capital of Costa Blanca. The main market is divided into two types of properties: individual houses that were constructed 10 years ago and apartments with two or three bedrooms with an average age of 15 years.

The first ones are used as main homes, while the apartments are used as holiday rentals. The most in-demand properties in Benidorm are those located on the beachfront, penthouses, with good views, new or renovated homes and residential complexes with communal areas.

While the demand for flats is centred on the first or second line of the beach, the highest standing is dominated by luxury villas with sea views that give the owner privacy. The main buyers are retirees who want a second home, but also families and single buyers. In all of them, foreign retirees together with couples and families draw the profile of the buyers. For its part, Polop is considered a sleepy town in the coastal resort of Benidorm. The urbanisation of Sierra Cortina in Finestrat is one of the fashionable locations thanks to its offer of new-build villas, its proximity to the sea, the mountains, and golf courses.

Although it is also a holiday resort, it is highly sought by families who are looking for their first home. For its part, Villajoyosa offers a beachfront, an urban centre and a large port and yacht club. On the supply side, new-builds for sale predominate. On the demand side, the buyers are foreign retirees looking for a holiday home. Its wide cultural offer, continuous innovation, a strong business network and solid infrastructures have made Malaga the target of many real estate investors.

Its location on the beachfront and the shortage of land have caused a mismatch between supply and demand that has triggered the price increases, mainly in the most sought-after addresses such as Paseo La Farola, Reding. Among foreigners, it should be noted that there is no nationality that prevails over the others, although the Nordics, Dutch, Belgians, French, British, Irish and German take the lead, to a lesser extent, there are also Iranians, Brazilians, Swiss, and Americans that must be added to the list.

While foreigners prefer attic-type flats, terraced and single-family apartments, Spaniards choose flats and townhouses. This municipality located on the western region of Costa del Sol is deep in the foothills of Sierra Blanca, about metres above sea level. This is where Mijas Pueblo is located, with its centre being declared as a historical and artistic complex. This municipality is in a privileged location overlooking the Mediterranean between the coasts of Fuengirola and Marbella.

The penthouses and houses near the beach or overlooking the sea are the most in-demand types of homes, mainly among international buyers who are the main investors in the area, led by the Nordic, German, French, Belgian and British.

This coastal region has 14 kilometres of beaches that are in high demand by both international and domestic buyers. The rental market registered a strong boost in the city thanks to an offer well below demand. By , this is expected to increase. The reason for this greater offer is that many owners re-let their homes for long periods instead of opting for holiday rentals. For their part, Spaniards opt for apartments with two bedrooms and two bathrooms located in well-connected areas, with quality services and offering large leisure areas.

The most sought-after types of properties are divided into two categories. On the one hand, attic-type flats or apartments with two or three bedrooms near the beach with a price of between , and , euros and, on the other, townhouses with prices of up to , euros are highly sought among foreign property seekers. Known as the European California, Marbella is a true real estate oasis synonymous with international luxury, not only because it is one of the most popular tourist destinations in Andalusia, but also because it has a high occupancy all year round.

After a few years of business paralysis, the town has resurfaced as an investment destination for Europeans and clients from Arab countries. The territory that forms the Golden Mile of Marbella comprises five kilometres of coastal strip.

Symbol of luxury, this is one of the most exclusive and highly-sought real estate markets in Europe, which has been noted in the increase in the number of homes purchased by investors. In Nueva Andalusia most are British and Scandinavian buyers.

The areas with the highest prices are Puente Romano, Sierra Blanca and Marbella Club, where the profile of the buyer is drawn by investors and families looking for a second home, preferably villas or apartments near the beach that are new and modern. East Marbella - El Rosario West Marbella The amenities of this destination together with the excellent infrastructures, the international schools in the area and the security it enjoys make this area one of the most sought after in the country.

These buyers especially value the southwest facing properties with views to the sea and the proximity to golf courses. Among the international buyers, the British, German, Nordics, French and the Netherlands also stand out.

All these features combined with other amenities such as an elevator, a cinema room, a spa and open-plan kitchen place the prices of these villas between 2 million and 2. In recent years, more and more investors have made purchases in this area.

The former prefer semi-detached houses and apartments, while buyers from northern Europe look for villas. Closely linked to the fashion industry, the herculine city also has one of the most important ports in Spain.

An increase led by the variety in the type of properties, focusing on the city in apartments and flats, and in the municipality of Oleiros, in the outskirts, in detached homes both independent and attached to urbanisations. In this last area, in which the streets are located very close to each other, there has been a slow but progressive rise in prices compared to It is an area with increasing prices, mainly due to the high demand and the scarce supply.

The profile of the buyer is that of an investor looking for a property to renovate and rent out later, as well as families with high purchasing power. The most demanded by all of them are the penthouses with terrace and floors of to square metres. This area is preferred by people or young couples with a good income who value the character and uniqueness of the area. The greatest demand for properties is concentrated in apartments located in buildings with a high historical value of a minimum of square metres, three bedrooms and without architectural obstacles.

It has a wide range of services and public facilities and a privileged natural setting that, together with its excellent road connection with the herculine city, makes this area the preferred place for many couples with children who opt for villas with three to four bedrooms, with about square metres and a price of between , to , euros.

A rise that has gone hand in hand with an exponential rise in demand, with more and more foreign markets and young families choosing to rent before the possibility of being transferred by their companies. On the other hand, the average time it takes for a property to be rented out has been reduced from one month to just three weeks.

The area with the highest rental prices is Ciudad Vieja where the properties have an average value of 8. As for Oleiros, the comfort of the urbanisations is highky sought, with private security, school transport and sports facilities. Most of the demand is centered on detached houses of square metres, four bedrooms and with excellent road connections with the city. The most populated city of Galicia stands out for its industrial character, as well as for being a top-class tourist destination thanks to a privileged climate and its renowned gastronomy.

The areas most in demand for buying a property are concentrated in Plaza de Compostela, Arenal, Casco Vello and Plaza Independencia, although the type of property that buyers look for varies. While the most popular properties in the first area is a flat of more than sqm, with a minimum of four bedrooms; in Arenal, the search focuses on apartments of more than sqm, with three bedrooms and a garage.

For its part, the apartments and penthouses of between and square metres are the most in-demand in Casco Vello and in Independencia are the three-bedroom apartments with a garage for families with children. The most sought-after property for rent in Vigo has about 50 square metres, a separate bedroom and a price of euros per month. The downtown district is the most expensive to rent a property in Vigo.

The apartments with three bedrooms and detached houses of up to sqm are the most in-demand by tenants. Pontevedra, considered to be the most comfortable city to live in Europe.

It received the UN International Dubai Prize that recognises the best practices to improve the living conditions of its inhabitants. The most popular homes in Pontevedra are two to three bedroom apartments, with two bathrooms, parking space, storage room and well located, with a price ranging between , and , euros.

In , thousand euros could still buy a square-meter home on average in Spain , whereas it would only allow for a 50 square-meter apartment in France. Renting becoming more popular in Spain As happens with many other countries, home rent and purchase prices will differ considerably dependent on the area. There are some indicators though that pointed to renting being slightly more favorable than buying a home in Spain as of , which might be the reason why more people are renting in recent years than before the financial crisis.

Annual growth of the average house price in Spain between June and December in euros per square meter built. Loading statistic Download for free You need to log in to download this statistic Register for free Already a member?

Log in. Show detailed source information? Register for free Already a member? Show sources information. Show publisher information. More information. Other statistics on the topic. Profit from additional features with an Employee Account.

Please create an employee account to be able to mark statistics as favorites. Then you can access your favorite statistics via the star in the header. Profit from additional features by authenticating your Admin account. Then you will be able to mark statistics as favourites and use personal statistics alerts. Please log in to access our additional functions. Yes, let me download! Exclusive Corporate feature. Corporate Account. Statista Accounts: Access All Statistics.

Basic Account. You only have access to basic statistics. Single Account. Your perfect start with Statista.

765,000
* €/m2
Great property market news to kick off 2019
166 m2 | 1 bedrooms | 10 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
At the end of it was % and that remained true for the first half of A recent report from the Bank of Spain suggests the domestic housing market. Property sales and prices in Spain are forecast to rise in as long as there are no sudden economic surprises or changes to the mortgage. When thinking about buying a house in Spain, there are many different As well as things like the relative comfort of work or family, you also have to consider the price per square metre or square foot of the We break down the cheapest (and not so cheap) places to buy property in Spain / Gtres. 1 June , Redaction.

I forgot my password. No account yet? Sign up. If you do not receive an email within 15 minutes, please check your spam folder or contact us for help. Already have an account? I want to login. Lalaine C. Delmendo January 15, Spanish house prices rose by 4. On a quarterly basis, house prices increased 1. The Bank of Spain reports lower house price rises.

During the year to Q3 , nationwide house prices rose by a modest 3. On a quarterly basis, house prices were up by a minuscule 0. Spanish house prices had fallen by a total of There were 24 consecutive quarters of y-o-y declines. Demand is slowing gradually. Home sales in Spain fell by 3. Learn what returns you are likely to earn, and where are the best opportunities. Follow the latest developments in the international property markets through the Global Property Guide newsletter.

Sign Up. Already Subscribed? Manage your subscription. Construction activity is weakening again, after reaching a seven-year high in During the first seven months of , the number and area of residential building permits fell by Foreclosures for new dwellings increased by In October , fixed rate mortgages represented The Bank of Spain expects economic growth to slow further to 1. In fact, the European Commission is even more pessimistic, projecting the Spanish economy to grow by just 1.

Foreigners have a right to buy and resell all kinds of property - residential, commercial or land, with no limits. The boom ended abruptly in The housing slump battered the Spanish economy, and brought spiraling unemployment. Developers were left with blocks of unsold properties and massive debts.

In some places in Spain, but only for the smallest sized apartments, buying an apartment is now attractive from a yields perspective - a completely new situation for Spain.

Similar yields, or maybe slightly lower, can also be had in Madrid. All these yields figures are higher than last year, which was higher than the previous year. Spain is once again beginning to look a possible investment destination.

The average price of urban land transactions in Spain rose by 4. Fourteen of the 17 autonomous communities where figures are available saw land price rises during the year to Q3 The number of land transactions fell by On the other hand, transactions of newly built houses increased slightly by 1.

Almost half of the autonomous regions and cities saw falling demand. During the first ten months of , Santa Cruz de Tenerife recorded the biggest fall in sales of There were also declines in Madrid In contrast, Ceuta registered the biggest sales surge of a whopping The modest decline might be due to the fact that home sales reached almost , units in , up Home sales to foreigners were 4.

Foreign investors started to return to the Spanish property market in Again here, in markets where expats love to buy, this effect might be different due to their willingness to pay a premium for location.

Brexit continues to make potential British buyers apprehensive. While no one can predict what the impact will be, what is clear is that—independent from the actual outcome—the uncertainty of Brexit generates anxiety. And, in uncertain times, people become even more interested in buying properties above any other type of investment. We receive more questions than ever before from UK buyers; they are still the largest nationality buying in Spain with an average of property acquisitions per week.

The political tension between Spain and Catalonia did initially create worries with investors. However investors look at returns, probabilities and risks, and they see that the probability for a bad outcome is very low. The national and regional governments are evaluating options to keep market prices down. It seems likely that these measures will produce the opposite effect: higher rental prices and higher buying prices in the areas where the government intervenes.

Proptech : there is a lot of buzz. Adding services to pure technology is a critical way to create differentiated value and to convince customers to pay. I do believe strongly in big data applications—we have tested many and are using the best—to support making better purchase or sale decisions. They add clear value and generate insights that one simply cannot attain without combining tons of data.

Mortgage conditions will change. The good news is that the European Central Bank has decided to keep interest rates low for the rest of the year, but banks will try to compensate for additional costs imposed from recent regulatory changes with incremental charges to buyers. Watch out for new hidden costs; competition between banks is fierce. We have seen creative and totally unacceptable, shameless practices from some of the largest Spanish banks hitting borrowers with hidden costs.

Second homes in the coastal areas will remain very attractively priced. Prices still have not seen significant recovery yet except for some very specific areas and great opportunities exist. Originally from Belgium, Raf lives in Barcelona with his wife and two daughters. In his free time you will find him enjoying a glass of good Spanish wine or behind his piano—or both. Skip to main content.

185,000
* €/m2
252 m2 | 7 bedrooms | 6 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
In December , a house in Spain would cost around thousand euros per square meter built. After seven long years of house price declines, Spain's housing market only In , foreign homebuyers bought over 65, homes in Spain, up % from a. Property sales and prices in Spain are forecast to rise in as long as there are no sudden economic surprises or changes to the mortgage.

Why Spain and Portugal are so attractive for real estate investors Spain and Portugal have taken advantage of the recent years of economic recovery to attract large international investors and to enter the list of the most interesting real estate markets in developed countries.

Real estate in Barcelona: an assessment of and the outlook Barcelona continues to attract real estate buyers from all over the world and is one of the best European cities for investment in , thanks to its exceptional quality of life and growing number of investment opportunities.

Only 0. How many properties are the British buying in Spain as Brexit approaches? The moment of truth is approaching for the highly controversial Brexit. Although price increments are predicted to be sustainable and not erratic , the moral of this tale is to get your foot in the door literally! Leave a Comment. Read More. Head office address Ctra. Schedule Visit. Helena Monks Customer Services.

Send Email Live Chat. Forgotten your password? Click here. Don't have an account? Register here. Already have an account?

Login here. Remembered your password? Sign In. Estepona La Perla de Riviera. Mijas Costa Delta Mar Suites. Mijas Costa Oasis de Guadalmina Baja. Second hand property prices in Spain increased 8. Home Blog News Second hand property prices in Spain increased 8. Share Print. Great property market news to kick off For those of you awaiting the first real estate market news of , here it is: second hand property prices in Spain increased quite dramatically last year.

Need any information related to buying or selling property on the Costa del Sol? Do you want to know what impact this might have on your property? And the very high demand for the most expensive rental properties seems to bear this out. The most important thing, in my view, is that there are no losses at the top of the market.

It is vital that the quality sector continues to grow. When I am working for a client whose brief requires reliable rental income I target certain areas and ignore others. In addition, I search for a type of property and reject others. Get the location wrong, even by just a few kilometres and income may be halved. As well as pinpointing the right location in a particular area you need to be in the right region because some have legislated against short term holiday lettings, pressured by the powerful hotel lobby and disgruntled locals.

So, if rental income is a requirement of your buying plan then check the legislation in that autonomous region because there are differences. But the days of leaving a set of keys at the local bar and crossing fingers that no emergencies will arise are over.

My blog here explains more. Obviously, the principle reason for this is that Spanish banks were drowning in bad debts and new mortgages were scarce. Only a massive bail-out from the European Central Bank prevented widespread collapse. One of the first questions I ask potential clients is whether they they are cash buyers or if they need finance. I do this because I believe it is better to get an indication of borrowing potential before I start a property search.

When the answer comes back that they are cash buyers I always ask if they are aware of the fixed rate mortgages currently available in Spain. Most are not. However, once they knew all my recent clients who had intended to buy with cash have opted to take the maximum they could borrow. Euribor is the interest rate which fixes most Spanish mortgages and it has been in negative territory since February After falling month on month throughout it closed the year slightly up from the historic low of It now stands at In the recession fixed rate mortgages disappeared from the market.

Indeed, the majority of international buyers are opting for fixed rate over variable rate loans. My advice to cash buyers, irrespective of the currency, is to protect their capital and take a Spanish mortgage. There are many products to chose from with fixed terms from 5 — 25 years, interest rates from 2. There are a lot of variables, such as country of residency, amount required, location of purchase. However, there are no restrictions on nationality or purchase price.

A good broker is essential. Status is scrutinised very carefully but in general the process is straightforward and quick. In the case of some of my clients we have even had banks competing for the business. It noted that Spanish banks are highly exposed to real estate sector developments and may underestimate the speed at which house prices and relaxed lending criteria can gain traction.

Also in December , I noted warnings from valuers about the spectre of overvaluations creeping back into the market. The loan is then offered on whichever is lower, the valuation or the property price. They may be only a warning flag but they may also be the first signs of something more serious. Even more reason then for buyers to be very cautious, particularly in the new-build market.

It is essential to do the research and compare asking prices for new property with comparables in the resale sector. Look at peak prices prior to the crash and ask yourself if you should be paying even more than that now.

Lots of soft focus life-style images, very seductive, but better to check the price per square metre and ask if it makes sense. However, if you buy at the right price, Spanish property is still relatively affordable. The sun continues to shine and the quality of life is rated one of the best in the world. The lack of high-quality inventory at the right price in prime locations will be an issue throughout As far as the overseas market is concerned that means the Mediterranean coasts, the Balearics and the Canaries.

My advice to buyers in is do not obsess about new-builds, especially if not located in prime positions. Many are not. Consider equivalent resales, calculate the price per sq. Then you can take an informed view on what makes the best financial sense.

The result will almost certainly be a lower price, a bigger property and, most important of all, a superior location. A thorough search can still uncover some real deals although they will be harder to find in Nevertheless, there will always be some sellers more motivated and realistic than others.

If there is a mobile mast in view assume there will be more as the tendency is for them multiply. Electricity pylons are also a big no-no. We can assume new housing will increase in the medium term. Already, in some areas I can count twenty cranes while standing still. If there is vacant land nearby find out with absolute certainty what, if anything, can be constructed.

The selling agent saying it is green zone is just not good enough. Why risk losing a fabulous view? And finally, when I am assessing properties for my clients I always ask the following questions. If circumstances change and they need to sell quickly is the price right to enable them to do that?

Secondly, is this a property for which there will always be demand irrespective of market conditions? And that is that there will always be demand for top quality in prime locations. It always has been, still is and always will be about location.

And I, for one, will be waiting for the full-year number of overseas buyers in with even more interest than usual. That statistic will tell us a lot. I update this Spanish Property Market report throughout the year as new data becomes available.

You can also follow us on Twitter and Facebook for the latest news as it happens. Still in recovery mode from the meltdown, the Spanish property market faces more turmoil in the wake of Covid The signs were there at the end of Now the 1st half year statistics seem to confirm a downward trend.

Overseas demand in Spain in Will it be up, down or flatlining? All intellectual property in the design, images and text of this website are and will remain the property of The Property Finders. Any infringement of our rights will be pursued vigorously.

GDPR - We guarantee the personal data entered in the contact form will only be used for the purpose of replying to your enquiry and will not be shared with any other company, service or provider.

Spanish Property Market Introduction Without doubt an important factor in the recovery of the Spanish property market since the meltdown has been the growth of the overseas sector.

Where the numbers come from The Notaries produce the most reliable property market statistics. But there are always buts However, the fact is that, in spite of minor improvements, not that much changed in Where is the Action?

Regional Variations And the same patchy recovery pattern occurs within regions as well. The Supply Side At the height of the building frenzy in Spain approved building licences for , units. The Price per Square Metre Conundrum Marbella, the sixth most expensive town in Spain, is a good example of the new-build versus resale price conundrum. Rental Yields There is a close link between rental yields in Spain and the health of the Spanish tourism sector.

Tourism Numbers It seems likely that demand for short-term holiday rentals is only going to increase. It is vital that the quality sector continues to grow Important for Yields When I am working for a client whose brief requires reliable rental income I target certain areas and ignore others.

Spoilt for Choice There are many products to chose from with fixed terms from 5 — 25 years, interest rates from 2. Getting it Right However, if you buy at the right price, Spanish property is still relatively affordable. From the Blog rss. The Spanish Property Market — What next? Are there signs of a slowdown? Latest tweets twitter. Tweets by wecanfindit. Property price warning Warning from the International Monetary Fund about price rises in Spain 09ms.

The latest statistics about international buyers and where they are buying Talking about the big difference between prices for resales and new builds.

444,000
* €/m2
203 m2 | 1 bedrooms | 7 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
This will help them get on the property ladder easier. In recent months, the housing market has been dominated by investment demand (around. At the end of it was % and that remained true for the first half of A recent report from the Bank of Spain suggests the domestic housing market. Property sales and prices in Spain are forecast to rise in as long as there are no sudden economic surprises or changes to the mortgage.

Only Japan and Switzerland do better although only by a few months. The climate suits all tastes. It ranges from four seasons with a proper winter and lots of snow in the north to the sub-tropical south. In fact, Spain has occupied the top spot ever the scheme began in This puts it in third place globally, behind Italy 54 and China Living well is affordable with food and drink prices below the E.

Spanish cuisine is world-class. Spain has three restaurants listed in the top ten restaurants in the world, more than any other country. Sports and outdoor enthusiasts are spoilt for choice. I said in the introduction to this report that, in spite of lots more good news, the market is still patchy.

Remember that these statistics only cover the first half of but I expect the full year figures will confirm the results so far. Cantabria welcomed just buyers from overseas in this period while Extremadura was the lowest with Then ask where the majority of those overseas purchasers buy for the explanation.

And the same patchy recovery pattern occurs within regions as well. And the same holds true for other regions as well. However, in the introduction to this report I highlighted the fall in the number of overseas buyers in the first half of Unscrambling the statistics shows 51, foreign nationals bought a property in Spain, compared with 53, in the same period in , On the other hand, when the first half of is compared with the second half of , the foreign buyer total actually rose by 2.

The decline in the Balearics is a bit more puzzling. One reason might be high prices. Also, Mallorca, the main market of the Balearics, has introduced very restrictive tourist rental laws and these may be responsible for the fall in overseas buyers. Although not buy-to-let investors as such, many overseas buyers are keen to cover running costs via rentals when not in residence. In spite of so much negativity on the part of many commentators and market analysts, almost willing the British market to collapse to back-up their argument, it is proving remarkably resilient.

The Germans were in 3rd place with 3, In market share terms the British made up However, these top 3 players all registered falls compared to the same period in There were In fact, there were only two groups from EU countries that increased, Ireland up 1.

Nevertheless, some nationalities showed strong growth but they were all non-EU citizens. Argentinians and Ecuadorians rose Buyers from the US rose Although there were fewer buyers from overseas spending per square metre was up in the most numerous nationalities. The Norwegians went mad and increased average spend per square metre by Only the Irish, Italians and Danes spent less than the same period in But the real big spenders in were from the US.

So, is the overseas market in Spain slowing down? Is demand falling? Is the supply side getting too big? Have prices risen too fast? Lots of questions and several answers, I think. In the case of the British, I think currency weakness is partly to blame.

If sterling strengthens throughout I think British buyer numbers will increase once again. However, I think there are other factors at play in the overseas market. In fact, I would go so far as to say that demand held up very well throughout , lots of people still wanting to buy a property in Spain. For reasons I have never quite understood, foreign buyers are like moths to a flame if new-build is available, even when the location is inferior.

The fact is there is very little raw building land available in the very best locations, it was built on years ago. Consequently, it follows that much of the new-build activity is not in prime locations. However, since the recovery started the supply side of new apartments and houses lagged way behind demand.

Inevitably, this imbalance skewed new-build prices, to an extent I believe was unsustainable. New may be nice but is it worth paying double, or even more, per square metre than a resale?

However, as more new-build projects come on stream, and the signs are that the pace is picking up, I think new-build prices will come under pressure. I predict buyers who purchased in early phases of some new developments will find their property is worth less than they paid by the time they get the keys.

In fact I think some buyers are paying such inflated prices for new build properties that they may never see a return on their investment no matter how long they hold it. At the height of the building frenzy in Spain approved building licences for , units.

This figure was more than the UK, France and Germany combined. In reality, the construction industry was more or less wiped out. Nevertheless, building licence approvals have grown year-on-year since The final total will be published in Spring Meanwhile, although Q1 and Q2 figures indicated a slowdown numbers picked up again heading into Q4. With two months still to count in , 91, permits had been authorised across Spain. However, the biggest increases in new permits are in the Mediterranean coastal regions, precisely those locations favoured by overseas buyers.

So the cranes are not spread evenly across Spain but are clustered in just a few regions and in just a few places within those regions. The same regional imbalances I highlighted earlier with regard to transaction numbers is duplicated in the construction sector. As the supply side improves one would expect prices rises to moderate even if demand holds steady.

On the other hand, if demand is actually falling, then new-build prices will be under serious pressure. One thing for sure, no developer goes into a project expecting prices to fall during construction. The assumption is always that prices will rise phase by phase. I think will give some of them quite a shock.

Already, there are rumours circulating of developers delaying the launch of new phases as sales slow. Lack of well-priced, top quality properties in prime locations is also a feature of the current resale market. However, available stock is more in balance with demand. In my experience they are much more likely to walk away than overpay.

Look hard and there are still good deals available. However, I have a problem with many asking prices. I feel sellers assume that just because new-build prices have gone through the roof they can ramp up their asking prices to similar levels. That assumption is incorrect in my view.

As I started a search for a client at the beginning of I noticed that every house under consideration had been reduced from the original asking price. When over-optimistic sellers reduce asking prices to more in line with what the market can stand, they sell. And in price per square metre terms that will be way below new-builds prices. Marbella, the sixth most expensive town in Spain, is a good example of the new-build versus resale price conundrum. At the start of a client was negotiating to buy a detached villa.

With 5 bedrooms, m from the beach, walking distance to town, and with the contemporary look that is so in demand. Also at the beginning of I located a 2 bedroom townhouse, fully renovated to the highest of standards. However, it too had reduced from the original asking price before a buyer emerged For the same clients, I have just added a beachfront apartment to the short list. When I am researching the market for my clients I always do the price per square metre calculation to help me come to a conclusion about the asking price.

I told him it was a bit late for that, the time for price comparisons was in , not The fact is, shiny new stuff never trumps location. Seems the developer has licence problems. However, buyers are already paying more than that per square metre just to get their hands on a new property. However, in my view that will be because new-build prices retreat, not because resale prices increase markedly.

There is a close link between rental yields in Spain and the health of the Spanish tourism sector. Currently, Spain is the second most visited country in the world. Obviously, some will have their own homes, or stay with family and friends, but that leaves a serious number of overseas visitors renting privately.

As a result, rental yields make letting a property in Spain an interesting option. There is high demand for both long and short term rentals. What used to be considered luxury items, such as free wifi, flat screen t.

There is just as much demand for smart two bedroom apartments in the right location. I thought property price rises would squeeze yields. In all cases, location and interior finishes are key. It seems likely that demand for short-term holiday rentals is only going to increase. In , just before the global meltdown, Spain welcomed 59m overseas visitors, an all-time record.

At the end of the annual total had fallen to However, a decade later, the statistics show the 83m barrier broken for the first time. In fact, at There are also signs that improved marketing to pitch Spain as a year-round destination is paying off. In the three winter months, January through March, showed the biggest monthly increases while the three summer months were either flat or decreased slightly.

This indicates there is improving rental potential throughout the year and not just in the traditional high season summer months. Analysis of the tourism statistics indicates that the decline of foreign tourists in high season was the result of the recovery in cheaper package-holiday destinations such as Tunisia, Morocco and Egypt rather than fewer high-end tourists. And the very high demand for the most expensive rental properties seems to bear this out.

The most important thing, in my view, is that there are no losses at the top of the market. It is vital that the quality sector continues to grow. When I am working for a client whose brief requires reliable rental income I target certain areas and ignore others. In addition, I search for a type of property and reject others. Get the location wrong, even by just a few kilometres and income may be halved. As well as pinpointing the right location in a particular area you need to be in the right region because some have legislated against short term holiday lettings, pressured by the powerful hotel lobby and disgruntled locals.

So, if rental income is a requirement of your buying plan then check the legislation in that autonomous region because there are differences. But the days of leaving a set of keys at the local bar and crossing fingers that no emergencies will arise are over. My blog here explains more. Obviously, the principle reason for this is that Spanish banks were drowning in bad debts and new mortgages were scarce.

Only a massive bail-out from the European Central Bank prevented widespread collapse. One of the first questions I ask potential clients is whether they they are cash buyers or if they need finance. I do this because I believe it is better to get an indication of borrowing potential before I start a property search. When the answer comes back that they are cash buyers I always ask if they are aware of the fixed rate mortgages currently available in Spain. Most are not. However, once they knew all my recent clients who had intended to buy with cash have opted to take the maximum they could borrow.

Euribor is the interest rate which fixes most Spanish mortgages and it has been in negative territory since February After falling month on month throughout it closed the year slightly up from the historic low of It now stands at In the recession fixed rate mortgages disappeared from the market.

Indeed, the majority of international buyers are opting for fixed rate over variable rate loans. My advice to cash buyers, irrespective of the currency, is to protect their capital and take a Spanish mortgage. There are many products to chose from with fixed terms from 5 — 25 years, interest rates from 2. There are a lot of variables, such as country of residency, amount required, location of purchase.

However, there are no restrictions on nationality or purchase price. A good broker is essential. Status is scrutinised very carefully but in general the process is straightforward and quick. In the case of some of my clients we have even had banks competing for the business.

It noted that Spanish banks are highly exposed to real estate sector developments and may underestimate the speed at which house prices and relaxed lending criteria can gain traction. Also in December , I noted warnings from valuers about the spectre of overvaluations creeping back into the market. The loan is then offered on whichever is lower, the valuation or the property price.

Don't have an account? Register here. Already have an account? Login here. Remembered your password? Sign In. Estepona La Perla de Riviera. Mijas Costa Delta Mar Suites. Mijas Costa Oasis de Guadalmina Baja. Second hand property prices in Spain increased 8. Home Blog News Second hand property prices in Spain increased 8.

Share Print. Great property market news to kick off For those of you awaiting the first real estate market news of , here it is: second hand property prices in Spain increased quite dramatically last year. Need any information related to buying or selling property on the Costa del Sol?

Do you want to know what impact this might have on your property? Our VIVA property experts are on hand to answer any questions you may have, from making the move to Spain, information about related costs and legal issues, the latest market news and tendencies and, of course, the best range of properties anywhere on the Coast.

Have you got something to say? Max length characters. Notify me of follow-up comment via email. Leave Comment. Related Posts Current Affairs. Would you like to find the property that's perfect for you? Contact us.

Follow Us:. Featured properties Loading Browse All. Latest news Loading Find a Property Find a Property. Ask a Question Ask a Question. Marbella Find a Property Schedule Visit info yourviva. Schedule Visit info yourviva. Site Search. Property Search 13, properties available Find a Property. Want to know more? Ask me Helena Monks Customer Services. Send Email. Live Chat.

463,000
* €/m2
237 m2 | 6 bedrooms | 1 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
In December , a house in Spain would cost around thousand euros per square meter built. Property sales and prices in Spain are forecast to rise in as long as there are no sudden economic surprises or changes to the mortgage. When thinking about buying a house in Spain, there are many different As well as things like the relative comfort of work or family, you also have to consider the price per square metre or square foot of the We break down the cheapest (and not so cheap) places to buy property in Spain / Gtres. 1 June , Redaction.

However, in the introduction to this report I highlighted the fall in the number of overseas buyers in the first half of Unscrambling the statistics shows 51, foreign nationals bought a property in Spain, compared with 53, in the same period in , On the other hand, when the first half of is compared with the second half of , the foreign buyer total actually rose by 2.

The decline in the Balearics is a bit more puzzling. One reason might be high prices. Also, Mallorca, the main market of the Balearics, has introduced very restrictive tourist rental laws and these may be responsible for the fall in overseas buyers.

Although not buy-to-let investors as such, many overseas buyers are keen to cover running costs via rentals when not in residence. In spite of so much negativity on the part of many commentators and market analysts, almost willing the British market to collapse to back-up their argument, it is proving remarkably resilient.

The Germans were in 3rd place with 3, In market share terms the British made up However, these top 3 players all registered falls compared to the same period in There were In fact, there were only two groups from EU countries that increased, Ireland up 1.

Nevertheless, some nationalities showed strong growth but they were all non-EU citizens. Argentinians and Ecuadorians rose Buyers from the US rose Although there were fewer buyers from overseas spending per square metre was up in the most numerous nationalities. The Norwegians went mad and increased average spend per square metre by Only the Irish, Italians and Danes spent less than the same period in But the real big spenders in were from the US.

So, is the overseas market in Spain slowing down? Is demand falling? Is the supply side getting too big? Have prices risen too fast? Lots of questions and several answers, I think. In the case of the British, I think currency weakness is partly to blame. If sterling strengthens throughout I think British buyer numbers will increase once again. However, I think there are other factors at play in the overseas market. In fact, I would go so far as to say that demand held up very well throughout , lots of people still wanting to buy a property in Spain.

For reasons I have never quite understood, foreign buyers are like moths to a flame if new-build is available, even when the location is inferior. The fact is there is very little raw building land available in the very best locations, it was built on years ago.

Consequently, it follows that much of the new-build activity is not in prime locations. However, since the recovery started the supply side of new apartments and houses lagged way behind demand.

Inevitably, this imbalance skewed new-build prices, to an extent I believe was unsustainable. New may be nice but is it worth paying double, or even more, per square metre than a resale? However, as more new-build projects come on stream, and the signs are that the pace is picking up, I think new-build prices will come under pressure. I predict buyers who purchased in early phases of some new developments will find their property is worth less than they paid by the time they get the keys. In fact I think some buyers are paying such inflated prices for new build properties that they may never see a return on their investment no matter how long they hold it.

At the height of the building frenzy in Spain approved building licences for , units. This figure was more than the UK, France and Germany combined. In reality, the construction industry was more or less wiped out. Nevertheless, building licence approvals have grown year-on-year since The final total will be published in Spring Meanwhile, although Q1 and Q2 figures indicated a slowdown numbers picked up again heading into Q4.

With two months still to count in , 91, permits had been authorised across Spain. However, the biggest increases in new permits are in the Mediterranean coastal regions, precisely those locations favoured by overseas buyers. So the cranes are not spread evenly across Spain but are clustered in just a few regions and in just a few places within those regions.

The same regional imbalances I highlighted earlier with regard to transaction numbers is duplicated in the construction sector. As the supply side improves one would expect prices rises to moderate even if demand holds steady. On the other hand, if demand is actually falling, then new-build prices will be under serious pressure. One thing for sure, no developer goes into a project expecting prices to fall during construction.

The assumption is always that prices will rise phase by phase. I think will give some of them quite a shock. Already, there are rumours circulating of developers delaying the launch of new phases as sales slow. Lack of well-priced, top quality properties in prime locations is also a feature of the current resale market. However, available stock is more in balance with demand.

In my experience they are much more likely to walk away than overpay. Look hard and there are still good deals available. However, I have a problem with many asking prices. I feel sellers assume that just because new-build prices have gone through the roof they can ramp up their asking prices to similar levels.

That assumption is incorrect in my view. As I started a search for a client at the beginning of I noticed that every house under consideration had been reduced from the original asking price. When over-optimistic sellers reduce asking prices to more in line with what the market can stand, they sell.

And in price per square metre terms that will be way below new-builds prices. Marbella, the sixth most expensive town in Spain, is a good example of the new-build versus resale price conundrum. At the start of a client was negotiating to buy a detached villa. With 5 bedrooms, m from the beach, walking distance to town, and with the contemporary look that is so in demand. Also at the beginning of I located a 2 bedroom townhouse, fully renovated to the highest of standards.

However, it too had reduced from the original asking price before a buyer emerged For the same clients, I have just added a beachfront apartment to the short list. When I am researching the market for my clients I always do the price per square metre calculation to help me come to a conclusion about the asking price. I told him it was a bit late for that, the time for price comparisons was in , not The fact is, shiny new stuff never trumps location.

Seems the developer has licence problems. However, buyers are already paying more than that per square metre just to get their hands on a new property. However, in my view that will be because new-build prices retreat, not because resale prices increase markedly.

There is a close link between rental yields in Spain and the health of the Spanish tourism sector. Currently, Spain is the second most visited country in the world.

Obviously, some will have their own homes, or stay with family and friends, but that leaves a serious number of overseas visitors renting privately. As a result, rental yields make letting a property in Spain an interesting option. There is high demand for both long and short term rentals. What used to be considered luxury items, such as free wifi, flat screen t. There is just as much demand for smart two bedroom apartments in the right location.

I thought property price rises would squeeze yields. In all cases, location and interior finishes are key. It seems likely that demand for short-term holiday rentals is only going to increase. In , just before the global meltdown, Spain welcomed 59m overseas visitors, an all-time record.

At the end of the annual total had fallen to However, a decade later, the statistics show the 83m barrier broken for the first time. In fact, at There are also signs that improved marketing to pitch Spain as a year-round destination is paying off.

In the three winter months, January through March, showed the biggest monthly increases while the three summer months were either flat or decreased slightly. This indicates there is improving rental potential throughout the year and not just in the traditional high season summer months.

Analysis of the tourism statistics indicates that the decline of foreign tourists in high season was the result of the recovery in cheaper package-holiday destinations such as Tunisia, Morocco and Egypt rather than fewer high-end tourists.

And the very high demand for the most expensive rental properties seems to bear this out. The most important thing, in my view, is that there are no losses at the top of the market. It is vital that the quality sector continues to grow.

When I am working for a client whose brief requires reliable rental income I target certain areas and ignore others. In addition, I search for a type of property and reject others. Get the location wrong, even by just a few kilometres and income may be halved. As well as pinpointing the right location in a particular area you need to be in the right region because some have legislated against short term holiday lettings, pressured by the powerful hotel lobby and disgruntled locals.

So, if rental income is a requirement of your buying plan then check the legislation in that autonomous region because there are differences. But the days of leaving a set of keys at the local bar and crossing fingers that no emergencies will arise are over. My blog here explains more. Obviously, the principle reason for this is that Spanish banks were drowning in bad debts and new mortgages were scarce. Only a massive bail-out from the European Central Bank prevented widespread collapse.

One of the first questions I ask potential clients is whether they they are cash buyers or if they need finance. I do this because I believe it is better to get an indication of borrowing potential before I start a property search. When the answer comes back that they are cash buyers I always ask if they are aware of the fixed rate mortgages currently available in Spain. Most are not. However, once they knew all my recent clients who had intended to buy with cash have opted to take the maximum they could borrow.

Euribor is the interest rate which fixes most Spanish mortgages and it has been in negative territory since February After falling month on month throughout it closed the year slightly up from the historic low of It now stands at In the recession fixed rate mortgages disappeared from the market. Indeed, the majority of international buyers are opting for fixed rate over variable rate loans.

My advice to cash buyers, irrespective of the currency, is to protect their capital and take a Spanish mortgage. There are many products to chose from with fixed terms from 5 — 25 years, interest rates from 2. There are a lot of variables, such as country of residency, amount required, location of purchase. However, there are no restrictions on nationality or purchase price.

A good broker is essential. Status is scrutinised very carefully but in general the process is straightforward and quick. In the case of some of my clients we have even had banks competing for the business. It noted that Spanish banks are highly exposed to real estate sector developments and may underestimate the speed at which house prices and relaxed lending criteria can gain traction.

Also in December , I noted warnings from valuers about the spectre of overvaluations creeping back into the market.

The loan is then offered on whichever is lower, the valuation or the property price. They may be only a warning flag but they may also be the first signs of something more serious.

Even more reason then for buyers to be very cautious, particularly in the new-build market. It is essential to do the research and compare asking prices for new property with comparables in the resale sector. Look at peak prices prior to the crash and ask yourself if you should be paying even more than that now. Lots of soft focus life-style images, very seductive, but better to check the price per square metre and ask if it makes sense.

However, if you buy at the right price, Spanish property is still relatively affordable. The sun continues to shine and the quality of life is rated one of the best in the world. The lack of high-quality inventory at the right price in prime locations will be an issue throughout As far as the overseas market is concerned that means the Mediterranean coasts, the Balearics and the Canaries.

My advice to buyers in is do not obsess about new-builds, especially if not located in prime positions. Many are not. Consider equivalent resales, calculate the price per sq. Then you can take an informed view on what makes the best financial sense. The result will almost certainly be a lower price, a bigger property and, most important of all, a superior location.

A thorough search can still uncover some real deals although they will be harder to find in This data represents the fourteenth quarter consecutive rise after 26 quarters of falls started at the end of From the third quarter of , property prices regained strength by 9. The Euribor, the reference rate to which most of the mortgages in Spain are linked to, has already started to reflect this trend.

The Euribor rate closed at Although the rate is currently negative, the rise has meant that last year the mortgage rates went up for the first time since , both in the case of semi-annual and annual reviews.

This equals to 3. The main risks for the sector would be tougher lending conditions once the ECB starts to raise interest rates in the second half of the year. On the contrary, in seven of these districts, the property prices have fallen. These include Cantabria When taking into account the type of property concerned, the annual variation for new-builds was 6.

By autonomous Community, Madrid There are already five consecutive years with increases in mortgage approvals and two in which more than , are taken into account. However, these figures are far from the million or more mortgage approvals that were recorded back in and This means four out of 10 mortgages are fixed-rate, compared to one in ten back in , due to the interest rate increases that are expected in the coming months.

The property sales figures are also positive, which even exceed the number of mortgages given to borrowers. Andalusia, Catalonia, Valencia and Madrid are the autonomous communities with the most sold properties. By , the forecasts point to exceeding the half a million sold properties, as per what happened last year.

According to statistics, the rental properties continue gaining adepts in Spain and have already reached a total of The rental boom responds to a change in preferences by the housing trend regime as more people opt for investing in a buy-to-let property.

In the coming months, the measures related to the rental market that are negotiated within the framework of General State Budget could result in an element of uncertainty. Property price moderation has arrived to the capital. The year has meant the recovery of the real estate sector in Spain, surpassing the , property sales. This is a figure that has not been achieved since , according to the Real Estate Registry Statistics published by the Spanish Property and Commercial Registrars.

This situation has also occurred in the city of Madrid. The capital is also the second municipality of the country that has registered a greater rise in the prices of properties. Although the price per square metre rose by an average of euros in the capital, during the last few months of the.

The forecasts by the Registrars point to a higher growth in demand in motivated by a reduction in the upward trend in prices, which will go from growing at a rate of two digits to a single digit. By neighbourhoods, the central districts experienced a moderate rise in prices last year. Throughout , the Centro district has been subject to multiple urban modifications that have created an expectation of growth in purchases and prices. Last year, investor interest caused a significant reduction in the average time it took for a property to sell, from to days.

The excellent location of this district makes it the top chosen place by the upper-class Spanish families who buy their first homes. If in the Latin Americans, mainly Mexicans, Colombians and Venezuelans, carried out these purchases, in there was a growing interest from other nationalities such as the Filipinos or Americans, as well as some operations carried out by Chinese, Portuguese and Croats.

In Recoletos and Castellana you can find elegant homes in aristocratic buildings from the nineteenth century with newbuild properties that are highly appreciated by international customers. The main buyers for this type of property continues to be the upper-middle-class Spanish families, together with a new type of buyer that has emerged in recent years with a more senior profile looking for a new home.

The profile of the buyer in this area is mostly national, many of them expats who want to return to Madrid to live in the centre. The residential area closest to Legazpi is the green zone par excellence of the district.

Both of these neighbourhoods boast the most varied international client profile compared to the significant number of national buyers in other districts. The most in demand type of property is divided into flats with:. The most authentic district of Madrid can boast of having the greatest architectural heritage where the 19th and 20th century aristocracy built their private villas. This district on the northwest of Madrid combines several highly-sought residential areas by the upper-middle class Spanish families who work in companies with their headquarters located nearby.

They mainly look for flats, especially top-floor ones, single-storey homes and townhouses. The detached homes in Mirasierra are also in great demand, located in plots of between and 1, sqm and priced between 1. In the latter case, Gaztambide and Vallehermoso, due to their proximity to the University City, are the most sought after areas for buying and renting to students. The traditional buyer in Mirasierra has joined many foreigners in recent years, mainly Germans who live in Madrid and who choose this area since the German School moved to Montecarmelo, with which there is a direct connection.

This less than year-old neighbourhood, in addition to the German community, attracts younger buyers with small children, who are looking for a quiet residential area with lots of parks. Mirasierra and Montecarmelo are precisely the areas where the most expensive streets are located. EThe client profile of this district is very varied and mainly national. It ranges from upper-middle class families with children at school or university age, middle-aged couples who have lived in the area of Pozuelo-Majadahonda and who are interested in returning to Madrid and finally young couples who have always lived in the area.

With a highly stable and solid demand in all the neighbourhoods that make up this district, Ciudad Lineal can be divided into two very different areas, according to property type and buyer profile.

Hortaleza is the district of Madrid where there is a greater contrast both in the types of houses it offers and in the profile of the investor. Both investors and individual customers who choose these areas tend to look for spacious apartments in stately buildings.

The profile of the buyers consists of people with a medium or high purchasing power, who are usually young families with two or three children. The most in demand types of properties that determine the prices in the area are penthouses and duplexes. Similarly, there are also in-demand properties in Puerta de Hierro, an emblematic urbanisation of the district that has been around for more than 40 years, which houses several embassies as well as the private residences of many ambassadors and diplomatic personnel.

It is the place chosen by many celebrities who seek absolute privacy in an environment very close to Monte de El Pardo and the centre of the city. Despite these price differences, the most expensive area stands out near Arturo Soria, which is undoubtedly the main artery of the district, where the most in-demand properties are in fully serviced communities and well-connected with the city centre.

Along with this area, the new-builds in Palomas also stand out. Located in the north of Madrid, these are very recent neighborhoods, whose construction began at the beginning of s. These districts located close to the Madrid airport are a good option for those middle-class Spanish families looking for homes in residential buildings near Madrid and equipped with a pool and communal areas. As these are very recent residential neighbourhoods with mainly young families who have average purchasing power, the demand is mainly focused on two to three bedroom properties.

In fact, there are few who have four bedrooms despite the fact that there is also demand for these homes. Valdebebas does not currently have as much demand due to lack of public transport and amenities, such as schools, restaurants, pharmacies.

However, it is a growing neighbourhood where the new-builds and off-plan property purchases prevail. There are two buyer profiles. On the one hand, the Spanish investors who buy one-bedroom homes; and on the other, families who look for a minimum of 2 bedrooms to rent as they want to work for companies that are based in the area.

Niza Avenue and Tampico Street are considered as the most expensive streets of the two neighbourhoods. Renovated flats of around sqm, with two bedrooms and two bathrooms, well located and with a price between 1,, euros per month; although this is the description of the star property for rent in Madrid, the type of property most in demand varies greatly according to the areas. While in the downtown neighbourhoods of the capital, customers look for two-bedroom apartments, renovated and unfurnished, leaving the central almond surrounded by the M, we can find more demands for homes, both detached and flats, including garden, swimming pool and sports facilities.

By price, the rental demand focuses on properties below 2, euros a month with good location or, at least, well connected with public transport, with a wide range of shops, amenities, and parks. Those that were advertised for less than 2, euros a month were rented in less than a month.

In these areas, the streets of Serrano and the Salesas and Olavide plazas boast the highest rental prices. The first one forms an urban continuum with Madrid through Aravaca, with which it appears to form a single nucleus, while the other two are further away from the capital.

These large developments of detached buildings on the outskirts, as well as Avenida de Europa, characterised by blocks of properties on up to five floors, are considered as the areas inhabited by the population with the greatest purchasing power in the municipality. The offer in the northwest area of Madrid consists of high-quality housing and luxury developments, with high security features and excellent services.

These can be villas with more than sqm and four bedrooms, with garden and swimming pool, with prices around one million euros. The third municipality with the highest per capita income in Spain consists of a similar type of housing and a buyer profile to the previous two. In Las Rozas and Majadahonda the demand is focused on penthouses and apartments in the centre, mainly by Spanish families, and in apartments of more than sqm and large detached villas sought by foreigners or nationals who want to move away from the city centre and look for more space.

Throughout , there was a reduction in the average time it took to sell a property in these areas. While in Las Rozas, the large-size houses exceeding one million euros tend to spend less time being on the market, from 12 months to months.

In , the houses in Majadahonda with prices below , euros went from an average of six months on the market to just four months.

Majadahonda is one of the most popular locations in the northwestern area of the capital, where the Monte del Pilar area stands out, consisting of the most modern houses and the best developments, and the Golf area, which is highly sought by health care professionals due to the its proximity to the Puerta de Hierro hospital. Located in the north of the metropolitan area of Madrid, the area is subdivided into three urbanisations: La Moraleja, El Soto de la Moraleja and Encinar de los Reyes.

Close to Arroyo de la Vega, where a large number of multinationals have established their headquarters, the most popular properties are flats, especially penthouses and ground floor properties, between and sqm, although there is a growing interest for detached homes in private estates with communal areas, which are very scarce in La Moraleja.

The client profile is someone who looks for a multicultural environment to live near some of the best private and international educational centres in Spain just 15 minutes from the centre of Madrid.

These are the determining factors for many expats who choose La Moraleja to live in, initially to rent a property before buying at later stage.

Below this price level, around six million euros is the average asking price in two emblematic streets: Camino Sur and Paseo Marquesa Viuda de Aldama. The detached house on a large plot -in some cases it can reach up to one hectare of land- is the typical property type on both of these streets. In the area to the north of the capital there are three very different regions. The first, located around the National I Fuente del Fresno, Ciudalcampo and Santo Domingo , is made up of detached homes in plots of about 3, sqm within luxury residential developments.

The buyer profile is marked by Spanish and foreign families with high purchasing power, usually entrepreneurs or multinational executives with an average of three children looking for large houses with swimming pool and garden.

This is a change of trend with respect to previous years and it will continue throughout due to three factors: the different price levels, the different types of buyers and the increasing number of tenants who are becoming home owners. The rental market was affected in by two reasons: a growing number of tenants in central areas moved to the outskirts of the city and there was a decrease in the number of foreigners looking to rent a house during the first 6 months of the year before their numbers started increasing during the second half of the year.

Throughout the first quarter of , it is foreseeable that the house prices in Barcelona are about to experience a slight drop in the most premium areas. This will be a great opportunity for buyers and it will turn the Catalan capital into a very attractive city compared to other European cities. The increase in economic and. By , the real estate market will take a year to pause in Barcelona capital, although in the surroundings it will once again record double-digit growth.

Even though in the prices will fall in the Catalan capital, the decrease will be prompt and in no case should it be considered as a real estate bubble. There will not be a. In turn, the continuity of low interest rates, the wage increases, the rise in employment and the ease of granting mortgages by banks will cause a medium term increase in the number of national buyers. With regards to the outer area of the city, the forecast is of continuity in the growth of prices and purchases.

The proximity to the sea and the great cultural offer of Ciutat Vella places this district in the top favourite list of interested investors who want to buy a second home both for holiday use and to rent out. However, the best advantage of the homes in this district is that they have preserved their original features like hydraulic tiles and original woodwork and they are located in stately buildings with modernist details.

For , stability in prices is expected with an increase in the number of purchases by the national client and the lack of international buyers. This area directly competes with the pleasant Rambla and the quiet and semi-pedestrian Enric Granados. The last area is perfect for walking and well connected to the city. Passeig Sant Joan is highly popular for having more affordable homes than the rest of the mentioned areas. This district has still maintained its real estate growth, which began in thanks to an increase in property demand and prices.

These properties range between 50 and 80 sqm and investors who buy such properties do so for letting purposes. The most sold types of properties are penthouses and mainly large-size houses with high ceilings, original fea-.

The most premium neighbourhood in this district is the sophisticated Pedralbes that, framed between the hills of Collserola and Avenida Diagonal, is within easy reach to the city. The profile of the buyer consists of people with a high purchasing power who are mostly locals, although the international buyers did emerge in These clients have shown particular interest in properties in the high zone with prices over 3 million euros, which is a safe investment for them.

Detached houses of up to sqm, with at least six bedrooms, on plots of more than 1, sqm with large garden and absolute privacy and views over the city are the typical properties found in this prestigious avenue. The buyer profile of these homes is mostly foreigners from different nationalities such as Russian, Ukrainian, Swiss, American and Romanian, and many of them are entrepreneurs and athletes.

During , the housing market slowed down and as a result, it took on average 8 months to sell a property. The rest of the district, which perfectly combines the residential character with the hustle and bustle of all the services it offers, has a high demand from national customers. For , the prices are set to become stabilised. While the French, Italian and English clients look for one or two bedroom flats to rent, the Brazilians, Serbs, Austrians, Argentines and Spaniards prefer larger homes or top-floor flats to live with their family.

The profile of the buyer in the growing district of Barcelona consists of national clients. Next to the beach of Llevant and well connected with the centre of the city by public transport, the properties are spaces, bright and airy, and boast spectacular views of the sea or the park. This area, where the most modern and innovative character of Barcelona is fused with the presence of the ancient nucleus, will cause profound changes in the lower part of the neighbourhoods of Sagrera and Sant Andreu.

Nou Barris, however, still has room for improvement in terms of easier access to financing by the banks, improving the job market and being perceived as a district where investment opportunities with which you can make big profits through buy-to-lets and capital appreciation exist. Property prices in Sant Andreu. In , the rental market in Barcelona has achieved the longed for stability in prices.

Although there is balanced supply and demand, prices would still need to decrease in order to meet the demands of the national client. However, the approval of the new decree law could draw a scenario in which there is a reduction in property supply that would not be give margin to the price drop. It is expected that throughout , the more central locations could see rent price stability while in the most affordable neighbourhoods or the outer areas of the city a slight increase in rental prices might be on the cards.

The most searched properties for rent are between sqm. The monthly rent is on average 1, euros. The most popular homes in these districts are between 50 sqm and 90 sqm, with average prices that are around There are two factors that will be the main driving forces behind the increased demand: on the one hand, the increase in the number of young people leaving home and wanting to live on their own thanks to more employment and, on the other hand, the international demand that will continue with full force in the city.

In terms of property supply, it should be noted that more and more rental homes are of high quality since most of the properties that were previously rented out have now been sold so investors look for more renovation properties to buy for cheap before renting them out for profits. The average income that tenants pay in this area exceeds 2, monthly euros. The construction of the harbour and the extension of the port docks represent a total renewal for the real estate market of the outskirts of Barcelona.

This municipality is part of the metropolitan area of Barcelona and only 8 km from the centre of the city. This is the area chosen by families and young couples who are looking for buy their first home. The real estate market of Hospitalet has a high percentage of national clients.

The most in demand properties are detached houses and townhouses that range between and sqm. The most expensive areas that are close to this town are located 12 kilometres from Barcelona. The entrenched but growing demand in Sant Cugat goes hand in hand with. Matadepera offers more affordable properties than other locations closer to the city in a natural and peaceful environment highly valued by young middle class families with young children.

The rental properties most in demand are the 3 bedroom flats and townhouses that have communal areas. In urbanisations, the properties with the highest demand from tenants are detached houses with garden. These are especially popular among tenants between 35 and 45 years of age with children. With regards to centrally located flats, the profile of the tenant consists of young couples and people from 60 years of age upwards.

Just a few minutes away from Barcelona, there is an area with residential character and a very complete offer of amenities and services that is divided into north and south.

Detached houses or residential complexes with garden areas are the most sought-after types of properties by families with children and young couples who choose to live in this metropolitan area due to its excellent public transport network. The most in demand properties are and sqm flats and villas of between and sqm.

They also value comfort and the easy access to Barcelona and the airport. Located in the Garraf region, Sitges is a vibrant and cosmopolitan town on the coast that enjoys mild temperatures all year round. Located 38 km from Barcelona, it has a great infrastructure for tourism and is a highly sought-after town for main residence or a holiday home.

The apartments that are in most demand for rent consist of 80 sqm and houses of about sqm in the centre, including in Vinyet and Terramar due to their proximity to town and sea and for the peace and tranquility. The tenants are divided into equal parts between national and international clients.

The most popular homes are the sqm penthouses and apartments between sqm with terrace and sea views. The rest is between Belgians, German and other nationals from Eastern Europe. The proximity of Gerona to the sea and the mountain as well as the French border and Barcelona, with which it shares excellent connections via the motorway and AVE, are the decisive factors when choosing this comfortable city to live in.

The most popular homes in this city are bedroom flats of between 70 and sqm and close to medical, educational and shopping centres, especially the ones within proximity to the high speed train station.

In the Barri Vell area, the demand is focused on small apartments for short stays in the city. After becoming the fashionable neighbourhood of Gerona, this is an area highly sought by investors who buy properties to rent out to tourists and students.

The buyer profile of other areas of the centre, such as Eixample, Devesa and Montilivi is drawn by families from the city with access to mortgages. Since last year,. There is a very high demand for rental properties, but the offer in general is very low, which has caused an increase in prices and difficulty in finding a home. Lloret de Mar Blanes. Eixample is the area with the highest prices in the city, mainly in the north, where the average price per square metre exceeds 3, euros, with La Salle as the most sought-after address.

It is a characterful Bohemian enclave and highly exclusive. The most popular homes are detached homes between , euros and , euros with sea views and south-facing apartments between 70 and 90 sqm with large terraces of between , and , euros. However, a growing interest from national customers was observed last year. On the other hand, the inner region of the national parks, Montseny and Les Guilleries, allows you to enjoy nature with utmost privacy without being away from the great road connections and the nearby beaches of the Costa Brava.

The homes by the canal, the closest ones to the sea, as well as the properties that have their own mooring are the most in demand. The preference for those who have a sailboat or yacht focuses on canals that make it easy to maneuver or the ones that are just before the bridges. The star property in Empuriabrava would be an individually-designed house of about sqm with bedrooms, a sqm land and with mooring in the wide canal after of the bridges, where only boats can go up to 2.

The rest is divided between the Belgians, Dutch and the British. As with the rest of the Costa Brava, the percentage of foreign clients is higher than national buyers. The awakening of real estate market has been delayed compared to other provinces due to the significant property stock existing after the housing bubble burst.

It is these last two streets are nestled between the most popular areas next to the Rambla Nova neighbourhood which represent the most prestigious area. With regards to the foreign buyers, who are mainly the French and Swiss, the demand is focused on La Mora and Tamarit, where customers look for detached holiday homes near the beach.

The momentum of the market will come when the rise in property investment goes hand in hand with resale purchases. Among the Spanish, the Valencia and Basque Country locals stand out, while among foreigners, the predominant nationalities are the French and British. At 1,, metres above sea level, the most sought-after areas are Baqueira. This is especially the case with the pre-owned properties and detached houses. The Val de Ruda region, located at the foot of the Baqueira-Beret ski resort, is a complex with properties, three hotels, shopping arcades, schools, ski equipment rental shops, restaurants, and chairlifts for easier access to the ski station.

The capital of the Aran Valley is the nerve centre of the region. It is bustling all year and offers all kinds of properties, from detached homes with gardens, to small apartments. In Vielha, there are two of the most prestigious urbanisations in the area: La Solana and Santa Gemma, both with private villas that are built in typical Aranese style.

Located in a long valley east of the Pyrenees that runs along the Segre River and natural border crossing between Catalonia, France and Andorra, Cerdanya is the chosen destination by the upper class Catalans for their second or third residence.

Its strategic location, the excellent road connections from Barcelona and Gerona and the most number of sunny days throughout the year make it highly desirable to live or spend your holidays both in summer and in winter.

The prestigious ski resorts of Cerdanya offer different activities throughout the year including snowboarding, skiing on all its slopes as well as routes for hiking, trekking, horse riding, mountain biking, etc. To this variety of activities we must add those you can take part in the airfield and the magnificent golf courses. The panoramic views of the valley and the mountains, with south-facing orientation and in urbanisations with scenic views are the most in-demand features.

The Valencian Community leads the property resale ranking in Spain. For a few years Valencia was known for its high number of new-builds. Now, however, the Valencian Community leads the ranking in Spain for the highest home resales.

The average price per square metre of these properties was 1, This is a lower figure registered in the Valencian capital, which stood out in the past year due to the significant increase in the price of properties. Specifically, the city of Turia saw the value of its properties rise by Foreign demand will continue to be one of the main pillars of real estate business in the Valencian Community this year.

Districts of the city of Valencia. The city of Valencia is distributed in 19 districts, subdivided in turn into 89 neighbourhoods and districts. This is the most in-demand area of the city, especially the properties in stately areas with generous footage and three or more bedrooms; the houses with high ceilings, moldings and handcrafted mosaic floors and topfloor flats.

The first type, especially between Valencian families in their majority as well as the last type of property is popular among foreigners and young people with high purchasing power.

It was sold for four million euros. The foreigners who bought more properties in the area are the French, German, American and Chinese, to which other nationalities such as Italians, Dutch, Belgians and Russians are added. Europeans and Americans look for renovated homes with character in order to make profits from, either through capital appreciation or by renting it out.

In the centre of Valencia there are three very different areas:. There are many architectural gems like the Cathedral, the Plaza de la Reina and Miguelete located here. In one of the most affordable areas of the centre of the city, family-sized apartments of around sqm with two bathrooms are in high demand, with prices around , euros for homes that require renovation and , euros for those that are already renovated.

In this vast and heterogeneous area of Valencia, apartments and houses on the beachfront coexist with flats in the city. This is a booming district where there has been significant growth, both in services and prices.

The type of property most in demand are the three-bedroom and two-bathroom apartments on an area of around sqm, followed by apartments and penthouses. On the beachfront, the buyer chooses apartments of more than 80 sqm with two bedrooms or houses with a minimum of sqm and three bedrooms with a pool. The proximity to the beach has turned the district of Cabanyal-Canyamelar into one of the fashionable areas of the city to reside in.

Most foreigners look for apartments as a holiday home in beach areas with a clear preference for top-floor flats. The rental market in Valencia remains at its full capacity, but expectations may change with the housing plan laws in terms of rentals.

The most common request by the clients that buy urban properties in the metropolitan area of the city is that they must be well connected with the city and with access to multiple services. The profile is made up of national families with children looking for a larger home, and even in exclusive and private developments.

In Valencia, the average term of the rental contracts is between one or two years, with very few tenants who are rented for three years in the same home. Non-residents seek quiet homes, without the noise pollution of large buildings, with swimming pool, nearby amenities and well connected with city, airport and beach.

The highest in demand properties The star property for rent in Valencia is drawn by bedrooms and two bathroom apartment distributed in sqm, located in Eixample and with a monthly cost of around 2, euros- preferably on the top floor with terrace or balconies and an absolute preference for attictype homes. In the urban district, there are two types of properties that are highly sought: those that have a residential area, spacious, with three bedrooms and are well connected to the city, and those properties that investors are interested in buying with part of their savings and rent out for profit.

These homes must be between 80 and sqm, with good road connection routes, two or three bedrooms and they must be in a good condition. Campanar, one of the most popular districts outside the centre, stands out for its recently-built properties and buildings — less than 20 years ago- and these properties have communal areas, such as swimming pool, social club, sports courts and other amenities. There are three distinct profiles: families with children of medium-high purchasing power, foreigners with high purchasing power who reside in Spain for a limited period of time and couples without children or single people.

The beach of Valencia, driven by the new urban development project of the city, which arouses the interest of foreign clients and investors, already recorded a significant increase in prices and demand in , which has been maintained over the past year.

Alicante is much more than just one of the most important tourist destinations in Spain. This dynamism, driven in equal parts by the national and international buyer, focuses on properties with a minimum of three bedrooms and two bathrooms overlooking the sea. The most in-demand types of properties in the city are the penthouses and flats facing the sea or the port with terrace located on beaches such as San Juan, Almadrava or Muchavista.

All of these are prices in very exclusive homes that double the average of the rest of the zones. In Alicante there are several nationalities that give the city a cosmopolitan and multicultural vibe. Rentals The real estate dynamism of Alicante the last year has also been noticed in the rental segment where the average prices have been placed in a range between 8 and Alfaz del Pi This is one of the most popular tourist destinations in the Alicante town of Costa Blanca.

Benidorm Also known as the New York of the Mediterranean, this is the town with more skyscrapers per inhabitant and the third with more hotel beds in Spain after Madrid and Barcelona. For all these reasons, it is considered to be the capital of Costa Blanca. The main market is divided into two types of properties: individual houses that were constructed 10 years ago and apartments with two or three bedrooms with an average age of 15 years.

The first ones are used as main homes, while the apartments are used as holiday rentals. The most in-demand properties in Benidorm are those located on the beachfront, penthouses, with good views, new or renovated homes and residential complexes with communal areas. While the demand for flats is centred on the first or second line of the beach, the highest standing is dominated by luxury villas with sea views that give the owner privacy. The main buyers are retirees who want a second home, but also families and single buyers.

In all of them, foreign retirees together with couples and families draw the profile of the buyers. For its part, Polop is considered a sleepy town in the coastal resort of Benidorm. The urbanisation of Sierra Cortina in Finestrat is one of the fashionable locations thanks to its offer of new-build villas, its proximity to the sea, the mountains, and golf courses.

Although it is also a holiday resort, it is highly sought by families who are looking for their first home. For its part, Villajoyosa offers a beachfront, an urban centre and a large port and yacht club.

On the supply side, new-builds for sale predominate. On the demand side, the buyers are foreign retirees looking for a holiday home. Its wide cultural offer, continuous innovation, a strong business network and solid infrastructures have made Malaga the target of many real estate investors. Its location on the beachfront and the shortage of land have caused a mismatch between supply and demand that has triggered the price increases, mainly in the most sought-after addresses such as Paseo La Farola, Reding.

Among foreigners, it should be noted that there is no nationality that prevails over the others, although the Nordics, Dutch, Belgians, French, British, Irish and German take the lead, to a lesser extent, there are also Iranians, Brazilians, Swiss, and Americans that must be added to the list.

While foreigners prefer attic-type flats, terraced and single-family apartments, Spaniards choose flats and townhouses. This municipality located on the western region of Costa del Sol is deep in the foothills of Sierra Blanca, about metres above sea level. This is where Mijas Pueblo is located, with its centre being declared as a historical and artistic complex.

This municipality is in a privileged location overlooking the Mediterranean between the coasts of Fuengirola and Marbella. The penthouses and houses near the beach or overlooking the sea are the most in-demand types of homes, mainly among international buyers who are the main investors in the area, led by the Nordic, German, French, Belgian and British.

This coastal region has 14 kilometres of beaches that are in high demand by both international and domestic buyers. The rental market registered a strong boost in the city thanks to an offer well below demand. By , this is expected to increase. The reason for this greater offer is that many owners re-let their homes for long periods instead of opting for holiday rentals.

For their part, Spaniards opt for apartments with two bedrooms and two bathrooms located in well-connected areas, with quality services and offering large leisure areas.

The most sought-after types of properties are divided into two categories. On the one hand, attic-type flats or apartments with two or three bedrooms near the beach with a price of between , and , euros and, on the other, townhouses with prices of up to , euros are highly sought among foreign property seekers. Known as the European California, Marbella is a true real estate oasis synonymous with international luxury, not only because it is one of the most popular tourist destinations in Andalusia, but also because it has a high occupancy all year round.

After a few years of business paralysis, the town has resurfaced as an investment destination for Europeans and clients from Arab countries. The territory that forms the Golden Mile of Marbella comprises five kilometres of coastal strip. Symbol of luxury, this is one of the most exclusive and highly-sought real estate markets in Europe, which has been noted in the increase in the number of homes purchased by investors.

In Nueva Andalusia most are British and Scandinavian buyers. The areas with the highest prices are Puente Romano, Sierra Blanca and Marbella Club, where the profile of the buyer is drawn by investors and families looking for a second home, preferably villas or apartments near the beach that are new and modern. East Marbella - El Rosario West Marbella The amenities of this destination together with the excellent infrastructures, the international schools in the area and the security it enjoys make this area one of the most sought after in the country.

These buyers especially value the southwest facing properties with views to the sea and the proximity to golf courses. Among the international buyers, the British, German, Nordics, French and the Netherlands also stand out. All these features combined with other amenities such as an elevator, a cinema room, a spa and open-plan kitchen place the prices of these villas between 2 million and 2. In recent years, more and more investors have made purchases in this area.

The former prefer semi-detached houses and apartments, while buyers from northern Europe look for villas. Closely linked to the fashion industry, the herculine city also has one of the most important ports in Spain.

An increase led by the variety in the type of properties, focusing on the city in apartments and flats, and in the municipality of Oleiros, in the outskirts, in detached homes both independent and attached to urbanisations. In this last area, in which the streets are located very close to each other, there has been a slow but progressive rise in prices compared to It is an area with increasing prices, mainly due to the high demand and the scarce supply.

The profile of the buyer is that of an investor looking for a property to renovate and rent out later, as well as families with high purchasing power. The most demanded by all of them are the penthouses with terrace and floors of to square metres. This area is preferred by people or young couples with a good income who value the character and uniqueness of the area.

The greatest demand for properties is concentrated in apartments located in buildings with a high historical value of a minimum of square metres, three bedrooms and without architectural obstacles.

It has a wide range of services and public facilities and a privileged natural setting that, together with its excellent road connection with the herculine city, makes this area the preferred place for many couples with children who opt for villas with three to four bedrooms, with about square metres and a price of between , to , euros. A rise that has gone hand in hand with an exponential rise in demand, with more and more foreign markets and young families choosing to rent before the possibility of being transferred by their companies.

On the other hand, the average time it takes for a property to be rented out has been reduced from one month to just three weeks. The area with the highest rental prices is Ciudad Vieja where the properties have an average value of 8. As for Oleiros, the comfort of the urbanisations is highky sought, with private security, school transport and sports facilities. Most of the demand is centered on detached houses of square metres, four bedrooms and with excellent road connections with the city.

The most populated city of Galicia stands out for its industrial character, as well as for being a top-class tourist destination thanks to a privileged climate and its renowned gastronomy.

The areas most in demand for buying a property are concentrated in Plaza de Compostela, Arenal, Casco Vello and Plaza Independencia, although the type of property that buyers look for varies. While the most popular properties in the first area is a flat of more than sqm, with a minimum of four bedrooms; in Arenal, the search focuses on apartments of more than sqm, with three bedrooms and a garage.

995,000
* €/m2
The Property Finders
153 m2 | 9 bedrooms | 6 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
In , 65, non-resident foreigners bought property in Spain. That is to be a key driver for overall housing market growth across Spain. At the end of it was % and that remained true for the first half of A recent report from the Bank of Spain suggests the domestic housing market. Property sales and prices in Spain are forecast to rise in as long as there are no sudden economic surprises or changes to the mortgage.

Proptech : there is a lot of buzz. Adding services to pure technology is a critical way to create differentiated value and to convince customers to pay. I do believe strongly in big data applications—we have tested many and are using the best—to support making better purchase or sale decisions. They add clear value and generate insights that one simply cannot attain without combining tons of data.

Mortgage conditions will change. The good news is that the European Central Bank has decided to keep interest rates low for the rest of the year, but banks will try to compensate for additional costs imposed from recent regulatory changes with incremental charges to buyers. Watch out for new hidden costs; competition between banks is fierce. We have seen creative and totally unacceptable, shameless practices from some of the largest Spanish banks hitting borrowers with hidden costs.

Second homes in the coastal areas will remain very attractively priced. Prices still have not seen significant recovery yet except for some very specific areas and great opportunities exist. Originally from Belgium, Raf lives in Barcelona with his wife and two daughters.

In his free time you will find him enjoying a glass of good Spanish wine or behind his piano—or both. Skip to main content. Radio Advertise with Us Newsletter sign up. Back to Search Results. Foreclosures were almost steady in Castilla y Leon , Balears , and Cantabria. Residential building permits averaged , annually from to With home sales of about , units per year from to and completions of just 51, annually, it is believed that the housing glut has been finally corrected.

In fact, some allege there is now a growing housing shortage. However construction activity is slowing again, after reaching a seven-year high in In November , the average mortgage rate in Spain was 1.

However, there has been a continuous decline in the share of adjustable rate mortgages in recent years. Despite ultra-low interest rates, the Spanish mortgage market continues to shrink. It contracted to about New home mortgages increased by a minuscule 0. Average apartment rents in Spain rose by 2. By autonomous region, Cantabria recorded the highest rent increase of In contrast, La Rioja 1.

In March , a new government decree regulating rental dwellings in Spain went into effect, in an effort to limit rent increases and expand tenant protection and rights. Among the major changes, the measure caps annual rent hikes at the rate of inflation within the contract period; extends the duration of the rental contract from 3 years to 5 years or 7 years if the landlord is a business entity ; and introduces a state benchmark index for rental prices that will be used to gauge the current state of the market.

The new law will be applied to new lease agreements signed on March 6, onwards. In January 23, , Spain became the second euro zone country to exit its international bailout program, after Ireland. The Spanish economy has consistently outperformed much of Europe since.

However, it has been a long, hard slog. The economy shrank by 1. In , the economy grew by a meager 0. The European Commission is even more pessimistic, projecting the Spanish economy to grow by just 1.

Spanish unemployment fell to The total number of unemployed is 3. Inflation is expected to remain low at 1. Spain narrowed its budget deficit to around 2. The deficit is expected to fall further to 2.

I know it might be quite early to tell but do you have any data about how the Spanish housing market is standing after Q1 and the COVID lockdown effects? Login or Register to submit a comment! In order to promote open and spam-free conversations, Global Property Guide moderates commetns on all articles. You can expect that your comment will be published within 24 hours.

Exclusive Corporate feature. Corporate Account. Statista Accounts: Access All Statistics. Basic Account. You only have access to basic statistics. Single Account. Your perfect start with Statista. Corporate solution including all features. Statistics on " Office real estate in France, Italy and Spain ".

The most important statistics. Further related statistics. Further Content: You might find this interesting as well. Topics Residential real estate in Europe Airbnb U.

Learn more about how Statista can support your business. April 30, Annual growth of the average house price in Spain between June and December in euros per square meter built [Graph]. In Statista. Accessed May 28,

852,000
* €/m2
In layman’s terms
105 m2 | 1 bedrooms | 2 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
In , 65, non-resident foreigners bought property in Spain. That is to be a key driver for overall housing market growth across Spain. At the end of it was % and that remained true for the first half of A recent report from the Bank of Spain suggests the domestic housing market. In the last decade, the housing market in Spain has changed completely. Between and , the number of sales increased, as did rental prices. 19/​02/

Head office address Ctra. Schedule Visit. Helena Monks Customer Services. Send Email Live Chat. Forgotten your password? Click here. Don't have an account? Register here. Already have an account? Login here. Remembered your password? Sign In. Estepona La Perla de Riviera. Mijas Costa Delta Mar Suites.

Mijas Costa Oasis de Guadalmina Baja. Second hand property prices in Spain increased 8. Home Blog News Second hand property prices in Spain increased 8.

Share Print. Great property market news to kick off For those of you awaiting the first real estate market news of , here it is: second hand property prices in Spain increased quite dramatically last year. Need any information related to buying or selling property on the Costa del Sol? Do you want to know what impact this might have on your property? Our VIVA property experts are on hand to answer any questions you may have, from making the move to Spain, information about related costs and legal issues, the latest market news and tendencies and, of course, the best range of properties anywhere on the Coast.

Have you got something to say? Max length characters. Notify me of follow-up comment via email. Leave Comment. Related Posts Current Affairs.

Would you like to find the property that's perfect for you? Contact us. Follow Us:. Featured properties Loading Browse All. Latest news Loading Find a Property Find a Property. Ask a Question Ask a Question. Marbella Find a Property Schedule Visit info yourviva. Schedule Visit info yourviva. There are three main advantages to these areas, namely sun, sea and sangria! Unfortunately, due to the overpopulation of places like Mallorca and the Costa del Sol , prices have been increasing for approximately 40 years.

A real bargain! The best property deals to be found in Spain are definitely the cities and municipalities that are in the interior of the country. An area or a particular house might be really cheap but remember to calculate how long it will take you to drive from where you live to the nearest city, hospital, beach or airport. Fuel costs can have a big impact on your monthly and annual expenses. On the southern coast of Spain, in the region of Andalusia , prices may be high but there are many places where the average selling price is less than , euro.

In the interior of Andalusia, Martos , known for its excellent olive oil, is a very cheap city, with an average selling price of just 38, euro. For those looking outside the Spanish mainland, the Canary Islands also have some great deals on offer in the real estate sector. Tenerife , the largest of the islands, has multiple options available for high-quality villas with average prices of less than , euro. Wherever you look, remember that prices will fluctuate over time.

Where should you buy a house in Spain? These are the cheapest destinations.

172,000
* €/m2
Old Entries
275 m2 | 9 bedrooms | 6 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
In , 65, non-resident foreigners bought property in Spain. That is to be a key driver for overall housing market growth across Spain. When thinking about buying a house in Spain, there are many different As well as things like the relative comfort of work or family, you also have to consider the price per square metre or square foot of the We break down the cheapest (and not so cheap) places to buy property in Spain / Gtres. 1 June , Redaction. For those of you awaiting the first real estate market news of second hand property prices in Spain increased.

Head office address Ctra. Schedule Visit. Helena Monks Customer Services. Send Email Live Chat. Forgotten your password? Click here. Don't have an account? Register here. Already have an account? Login here. Remembered your password? Sign In. Estepona La Perla de Riviera. Mijas Costa Delta Mar Suites. Mijas Costa Oasis de Guadalmina Baja. Second hand property prices in Spain increased 8. Home Blog News Second hand property prices in Spain increased 8.

Share Print. Great property market news to kick off For those of you awaiting the first real estate market news of , here it is: second hand property prices in Spain increased quite dramatically last year. Need any information related to buying or selling property on the Costa del Sol? Do you want to know what impact this might have on your property? Our VIVA property experts are on hand to answer any questions you may have, from making the move to Spain, information about related costs and legal issues, the latest market news and tendencies and, of course, the best range of properties anywhere on the Coast.

Have you got something to say? Max length characters. Notify me of follow-up comment via email. Leave Comment. Related Posts Current Affairs. Would you like to find the property that's perfect for you? Contact us. Follow Us:. Featured properties Loading Browse All. Latest news Loading Find a Property Find a Property. Ask a Question Ask a Question. Marbella Find a Property Schedule Visit info yourviva. Schedule Visit info yourviva. The final total will be published in Spring Meanwhile, although Q1 and Q2 figures indicated a slowdown numbers picked up again heading into Q4.

With two months still to count in , 91, permits had been authorised across Spain. However, the biggest increases in new permits are in the Mediterranean coastal regions, precisely those locations favoured by overseas buyers.

So the cranes are not spread evenly across Spain but are clustered in just a few regions and in just a few places within those regions. The same regional imbalances I highlighted earlier with regard to transaction numbers is duplicated in the construction sector.

As the supply side improves one would expect prices rises to moderate even if demand holds steady. On the other hand, if demand is actually falling, then new-build prices will be under serious pressure. One thing for sure, no developer goes into a project expecting prices to fall during construction. The assumption is always that prices will rise phase by phase. I think will give some of them quite a shock.

Already, there are rumours circulating of developers delaying the launch of new phases as sales slow. Lack of well-priced, top quality properties in prime locations is also a feature of the current resale market.

However, available stock is more in balance with demand. In my experience they are much more likely to walk away than overpay. Look hard and there are still good deals available. However, I have a problem with many asking prices. I feel sellers assume that just because new-build prices have gone through the roof they can ramp up their asking prices to similar levels. That assumption is incorrect in my view. As I started a search for a client at the beginning of I noticed that every house under consideration had been reduced from the original asking price.

When over-optimistic sellers reduce asking prices to more in line with what the market can stand, they sell. And in price per square metre terms that will be way below new-builds prices. Marbella, the sixth most expensive town in Spain, is a good example of the new-build versus resale price conundrum. At the start of a client was negotiating to buy a detached villa. With 5 bedrooms, m from the beach, walking distance to town, and with the contemporary look that is so in demand.

Also at the beginning of I located a 2 bedroom townhouse, fully renovated to the highest of standards. However, it too had reduced from the original asking price before a buyer emerged For the same clients, I have just added a beachfront apartment to the short list. When I am researching the market for my clients I always do the price per square metre calculation to help me come to a conclusion about the asking price. I told him it was a bit late for that, the time for price comparisons was in , not The fact is, shiny new stuff never trumps location.

Seems the developer has licence problems. However, buyers are already paying more than that per square metre just to get their hands on a new property. However, in my view that will be because new-build prices retreat, not because resale prices increase markedly. There is a close link between rental yields in Spain and the health of the Spanish tourism sector. Currently, Spain is the second most visited country in the world.

Obviously, some will have their own homes, or stay with family and friends, but that leaves a serious number of overseas visitors renting privately. As a result, rental yields make letting a property in Spain an interesting option. There is high demand for both long and short term rentals.

What used to be considered luxury items, such as free wifi, flat screen t. There is just as much demand for smart two bedroom apartments in the right location. I thought property price rises would squeeze yields.

In all cases, location and interior finishes are key. It seems likely that demand for short-term holiday rentals is only going to increase. In , just before the global meltdown, Spain welcomed 59m overseas visitors, an all-time record. At the end of the annual total had fallen to However, a decade later, the statistics show the 83m barrier broken for the first time. In fact, at There are also signs that improved marketing to pitch Spain as a year-round destination is paying off.

In the three winter months, January through March, showed the biggest monthly increases while the three summer months were either flat or decreased slightly. This indicates there is improving rental potential throughout the year and not just in the traditional high season summer months. Analysis of the tourism statistics indicates that the decline of foreign tourists in high season was the result of the recovery in cheaper package-holiday destinations such as Tunisia, Morocco and Egypt rather than fewer high-end tourists.

And the very high demand for the most expensive rental properties seems to bear this out. The most important thing, in my view, is that there are no losses at the top of the market.

It is vital that the quality sector continues to grow. When I am working for a client whose brief requires reliable rental income I target certain areas and ignore others. In addition, I search for a type of property and reject others. Get the location wrong, even by just a few kilometres and income may be halved. As well as pinpointing the right location in a particular area you need to be in the right region because some have legislated against short term holiday lettings, pressured by the powerful hotel lobby and disgruntled locals.

So, if rental income is a requirement of your buying plan then check the legislation in that autonomous region because there are differences. But the days of leaving a set of keys at the local bar and crossing fingers that no emergencies will arise are over. My blog here explains more. Obviously, the principle reason for this is that Spanish banks were drowning in bad debts and new mortgages were scarce. Only a massive bail-out from the European Central Bank prevented widespread collapse.

One of the first questions I ask potential clients is whether they they are cash buyers or if they need finance. I do this because I believe it is better to get an indication of borrowing potential before I start a property search. When the answer comes back that they are cash buyers I always ask if they are aware of the fixed rate mortgages currently available in Spain.

Most are not. However, once they knew all my recent clients who had intended to buy with cash have opted to take the maximum they could borrow. Euribor is the interest rate which fixes most Spanish mortgages and it has been in negative territory since February After falling month on month throughout it closed the year slightly up from the historic low of It now stands at In the recession fixed rate mortgages disappeared from the market.

Indeed, the majority of international buyers are opting for fixed rate over variable rate loans. My advice to cash buyers, irrespective of the currency, is to protect their capital and take a Spanish mortgage.

There are many products to chose from with fixed terms from 5 — 25 years, interest rates from 2. There are a lot of variables, such as country of residency, amount required, location of purchase. However, there are no restrictions on nationality or purchase price. A good broker is essential. Status is scrutinised very carefully but in general the process is straightforward and quick.

In the case of some of my clients we have even had banks competing for the business. It noted that Spanish banks are highly exposed to real estate sector developments and may underestimate the speed at which house prices and relaxed lending criteria can gain traction. Also in December , I noted warnings from valuers about the spectre of overvaluations creeping back into the market. The loan is then offered on whichever is lower, the valuation or the property price.

They may be only a warning flag but they may also be the first signs of something more serious. Even more reason then for buyers to be very cautious, particularly in the new-build market. It is essential to do the research and compare asking prices for new property with comparables in the resale sector.

Look at peak prices prior to the crash and ask yourself if you should be paying even more than that now. Lots of soft focus life-style images, very seductive, but better to check the price per square metre and ask if it makes sense. However, if you buy at the right price, Spanish property is still relatively affordable. The sun continues to shine and the quality of life is rated one of the best in the world.

The lack of high-quality inventory at the right price in prime locations will be an issue throughout As far as the overseas market is concerned that means the Mediterranean coasts, the Balearics and the Canaries. My advice to buyers in is do not obsess about new-builds, especially if not located in prime positions.

Many are not. Consider equivalent resales, calculate the price per sq. Then you can take an informed view on what makes the best financial sense. The result will almost certainly be a lower price, a bigger property and, most important of all, a superior location.

A thorough search can still uncover some real deals although they will be harder to find in Nevertheless, there will always be some sellers more motivated and realistic than others. If there is a mobile mast in view assume there will be more as the tendency is for them multiply.

Electricity pylons are also a big no-no. We can assume new housing will increase in the medium term. Already, in some areas I can count twenty cranes while standing still.

If there is vacant land nearby find out with absolute certainty what, if anything, can be constructed. The selling agent saying it is green zone is just not good enough. Why risk losing a fabulous view? And finally, when I am assessing properties for my clients I always ask the following questions. If circumstances change and they need to sell quickly is the price right to enable them to do that?

Secondly, is this a property for which there will always be demand irrespective of market conditions? And that is that there will always be demand for top quality in prime locations. It always has been, still is and always will be about location.

And I, for one, will be waiting for the full-year number of overseas buyers in with even more interest than usual. That statistic will tell us a lot. I update this Spanish Property Market report throughout the year as new data becomes available.

You can also follow us on Twitter and Facebook for the latest news as it happens. Still in recovery mode from the meltdown, the Spanish property market faces more turmoil in the wake of Covid The signs were there at the end of Now the 1st half year statistics seem to confirm a downward trend. Overseas demand in Spain in Will it be up, down or flatlining?

All intellectual property in the design, images and text of this website are and will remain the property of The Property Finders. Any infringement of our rights will be pursued vigorously. GDPR - We guarantee the personal data entered in the contact form will only be used for the purpose of replying to your enquiry and will not be shared with any other company, service or provider.

Spanish Property Market Introduction Without doubt an important factor in the recovery of the Spanish property market since the meltdown has been the growth of the overseas sector. Where the numbers come from The Notaries produce the most reliable property market statistics. But there are always buts However, the fact is that, in spite of minor improvements, not that much changed in Where is the Action? Regional Variations And the same patchy recovery pattern occurs within regions as well.

The Supply Side At the height of the building frenzy in Spain approved building licences for , units. The Price per Square Metre Conundrum Marbella, the sixth most expensive town in Spain, is a good example of the new-build versus resale price conundrum. Rental Yields There is a close link between rental yields in Spain and the health of the Spanish tourism sector.

Tourism Numbers It seems likely that demand for short-term holiday rentals is only going to increase. It is vital that the quality sector continues to grow Important for Yields When I am working for a client whose brief requires reliable rental income I target certain areas and ignore others. Spoilt for Choice There are many products to chose from with fixed terms from 5 — 25 years, interest rates from 2. Getting it Right However, if you buy at the right price, Spanish property is still relatively affordable.

From the Blog rss. The Spanish Property Market — What next? Are there signs of a slowdown? Latest tweets twitter.

228,000
* €/m2
125 m2 | 2 bedrooms | 7 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
For those of you awaiting the first real estate market news of second hand property prices in Spain increased. After seven long years of house price declines, Spain's housing market only In , foreign homebuyers bought over 65, homes in Spain, up % from a. In the last decade, the housing market in Spain has changed completely. Between and , the number of sales increased, as did rental prices. 19/​02/

So, at the very least, the data suggests that the Spanish property continued along the growth phase of the cycle last year. The Tinsa index, based on their own valuations, also gives house price changes by type of region, showing both the Islands and the coast, where foreigners tend to buy, increasing more than the general index.

The second chart shows prices in real terms, that is adjusted for inflation. Prices have been rising most years since the recovery began, but nothing like they did in the boom years, and nowhere near enough to claw back the ground lost in the bust.

Though some hot markets like the Balearics are now higher than they were in the boom years, the balance sheet of the Spanish housing market is still deep in the red, and the house price recovery on a national level looks somewhat feeble this time around.

The flat above mine is now finished, to a high standard [electric roller shutters on the doors to their terraza]. Good to hear everything is well in your neck of the woods. One thing I did get right though, was the no brainer of buying prime property in Spain during the crisis years.

You must be logged in to post a comment. This website has a new design and we are still sorting out some bugs. Please bear with us. Login or register to read articles without any adverts in the text. Skip to content. Spanish Property Market Analysts. Lots more of this sort of thing all over the old town barrios.

Kinda Brexitesque …. Leave a Reply Cancel Reply You must be logged in to post a comment. In effect, two decades of purchasing power have been lost. In addition, there has been a similar regression regarding the salaries of skilled workers. Source: Bank of Spain. And the signs have been there for a while. And it would have been even worse but for the fact that many buyers were already locked into off-plan purchases made before the crash.

But the decline hit bottom in the second half of as foreign bargain hunters emerged. And the number of overseas buyers has increased every year since. Meanwhile, the domestic property market was still falling in When the first upturn was registered in , it was fully four years behind the overseas sector. Life expectancy rose by ten years between and At 80yrs for men and 85yrs for women Spaniards have the highest life expectancy in the EU and third worldwide.

Only Japan and Switzerland do better although only by a few months. The climate suits all tastes. It ranges from four seasons with a proper winter and lots of snow in the north to the sub-tropical south. In fact, Spain has occupied the top spot ever the scheme began in This puts it in third place globally, behind Italy 54 and China Living well is affordable with food and drink prices below the E. Spanish cuisine is world-class.

Spain has three restaurants listed in the top ten restaurants in the world, more than any other country. Sports and outdoor enthusiasts are spoilt for choice. I said in the introduction to this report that, in spite of lots more good news, the market is still patchy. Remember that these statistics only cover the first half of but I expect the full year figures will confirm the results so far.

Cantabria welcomed just buyers from overseas in this period while Extremadura was the lowest with Then ask where the majority of those overseas purchasers buy for the explanation. And the same patchy recovery pattern occurs within regions as well. And the same holds true for other regions as well. However, in the introduction to this report I highlighted the fall in the number of overseas buyers in the first half of Unscrambling the statistics shows 51, foreign nationals bought a property in Spain, compared with 53, in the same period in , On the other hand, when the first half of is compared with the second half of , the foreign buyer total actually rose by 2.

The decline in the Balearics is a bit more puzzling. One reason might be high prices. Also, Mallorca, the main market of the Balearics, has introduced very restrictive tourist rental laws and these may be responsible for the fall in overseas buyers.

Although not buy-to-let investors as such, many overseas buyers are keen to cover running costs via rentals when not in residence. In spite of so much negativity on the part of many commentators and market analysts, almost willing the British market to collapse to back-up their argument, it is proving remarkably resilient. The Germans were in 3rd place with 3, In market share terms the British made up However, these top 3 players all registered falls compared to the same period in There were In fact, there were only two groups from EU countries that increased, Ireland up 1.

Nevertheless, some nationalities showed strong growth but they were all non-EU citizens. Argentinians and Ecuadorians rose Buyers from the US rose Although there were fewer buyers from overseas spending per square metre was up in the most numerous nationalities.

The Norwegians went mad and increased average spend per square metre by Only the Irish, Italians and Danes spent less than the same period in But the real big spenders in were from the US. So, is the overseas market in Spain slowing down? Is demand falling? Is the supply side getting too big? Have prices risen too fast? Lots of questions and several answers, I think. In the case of the British, I think currency weakness is partly to blame.

If sterling strengthens throughout I think British buyer numbers will increase once again. However, I think there are other factors at play in the overseas market. In fact, I would go so far as to say that demand held up very well throughout , lots of people still wanting to buy a property in Spain.

For reasons I have never quite understood, foreign buyers are like moths to a flame if new-build is available, even when the location is inferior. The fact is there is very little raw building land available in the very best locations, it was built on years ago. Consequently, it follows that much of the new-build activity is not in prime locations. However, since the recovery started the supply side of new apartments and houses lagged way behind demand.

Inevitably, this imbalance skewed new-build prices, to an extent I believe was unsustainable. New may be nice but is it worth paying double, or even more, per square metre than a resale? However, as more new-build projects come on stream, and the signs are that the pace is picking up, I think new-build prices will come under pressure.

I predict buyers who purchased in early phases of some new developments will find their property is worth less than they paid by the time they get the keys. In fact I think some buyers are paying such inflated prices for new build properties that they may never see a return on their investment no matter how long they hold it.

At the height of the building frenzy in Spain approved building licences for , units. This figure was more than the UK, France and Germany combined. In reality, the construction industry was more or less wiped out. Nevertheless, building licence approvals have grown year-on-year since The final total will be published in Spring Meanwhile, although Q1 and Q2 figures indicated a slowdown numbers picked up again heading into Q4. With two months still to count in , 91, permits had been authorised across Spain.

However, the biggest increases in new permits are in the Mediterranean coastal regions, precisely those locations favoured by overseas buyers. So the cranes are not spread evenly across Spain but are clustered in just a few regions and in just a few places within those regions.

The same regional imbalances I highlighted earlier with regard to transaction numbers is duplicated in the construction sector. As the supply side improves one would expect prices rises to moderate even if demand holds steady. On the other hand, if demand is actually falling, then new-build prices will be under serious pressure.

One thing for sure, no developer goes into a project expecting prices to fall during construction. The assumption is always that prices will rise phase by phase. I think will give some of them quite a shock. Already, there are rumours circulating of developers delaying the launch of new phases as sales slow. Lack of well-priced, top quality properties in prime locations is also a feature of the current resale market. However, available stock is more in balance with demand.

In my experience they are much more likely to walk away than overpay. Look hard and there are still good deals available. However, I have a problem with many asking prices. I feel sellers assume that just because new-build prices have gone through the roof they can ramp up their asking prices to similar levels. That assumption is incorrect in my view.

As I started a search for a client at the beginning of I noticed that every house under consideration had been reduced from the original asking price. When over-optimistic sellers reduce asking prices to more in line with what the market can stand, they sell. And in price per square metre terms that will be way below new-builds prices. Marbella, the sixth most expensive town in Spain, is a good example of the new-build versus resale price conundrum.

At the start of a client was negotiating to buy a detached villa. With 5 bedrooms, m from the beach, walking distance to town, and with the contemporary look that is so in demand. Also at the beginning of I located a 2 bedroom townhouse, fully renovated to the highest of standards. However, it too had reduced from the original asking price before a buyer emerged For the same clients, I have just added a beachfront apartment to the short list.

When I am researching the market for my clients I always do the price per square metre calculation to help me come to a conclusion about the asking price.

I told him it was a bit late for that, the time for price comparisons was in , not The fact is, shiny new stuff never trumps location. Seems the developer has licence problems. However, buyers are already paying more than that per square metre just to get their hands on a new property. However, in my view that will be because new-build prices retreat, not because resale prices increase markedly.

There is a close link between rental yields in Spain and the health of the Spanish tourism sector. Currently, Spain is the second most visited country in the world. Obviously, some will have their own homes, or stay with family and friends, but that leaves a serious number of overseas visitors renting privately.

As a result, rental yields make letting a property in Spain an interesting option. There is high demand for both long and short term rentals. What used to be considered luxury items, such as free wifi, flat screen t. There is just as much demand for smart two bedroom apartments in the right location. I thought property price rises would squeeze yields. In all cases, location and interior finishes are key.

It seems likely that demand for short-term holiday rentals is only going to increase. In , just before the global meltdown, Spain welcomed 59m overseas visitors, an all-time record. At the end of the annual total had fallen to However, a decade later, the statistics show the 83m barrier broken for the first time. In fact, at There are also signs that improved marketing to pitch Spain as a year-round destination is paying off. In the three winter months, January through March, showed the biggest monthly increases while the three summer months were either flat or decreased slightly.

This indicates there is improving rental potential throughout the year and not just in the traditional high season summer months. Analysis of the tourism statistics indicates that the decline of foreign tourists in high season was the result of the recovery in cheaper package-holiday destinations such as Tunisia, Morocco and Egypt rather than fewer high-end tourists. And the very high demand for the most expensive rental properties seems to bear this out.

The most important thing, in my view, is that there are no losses at the top of the market. It is vital that the quality sector continues to grow. When I am working for a client whose brief requires reliable rental income I target certain areas and ignore others.

In addition, I search for a type of property and reject others. Get the location wrong, even by just a few kilometres and income may be halved. As well as pinpointing the right location in a particular area you need to be in the right region because some have legislated against short term holiday lettings, pressured by the powerful hotel lobby and disgruntled locals.

So, if rental income is a requirement of your buying plan then check the legislation in that autonomous region because there are differences. But the days of leaving a set of keys at the local bar and crossing fingers that no emergencies will arise are over. My blog here explains more. Obviously, the principle reason for this is that Spanish banks were drowning in bad debts and new mortgages were scarce. Only a massive bail-out from the European Central Bank prevented widespread collapse.

One of the first questions I ask potential clients is whether they they are cash buyers or if they need finance. I do this because I believe it is better to get an indication of borrowing potential before I start a property search. When the answer comes back that they are cash buyers I always ask if they are aware of the fixed rate mortgages currently available in Spain.

Most are not. However, once they knew all my recent clients who had intended to buy with cash have opted to take the maximum they could borrow. Euribor is the interest rate which fixes most Spanish mortgages and it has been in negative territory since February After falling month on month throughout it closed the year slightly up from the historic low of It now stands at In the recession fixed rate mortgages disappeared from the market.

146,000
* €/m2
248 m2 | 3 bedrooms | 1 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
At the end of it was % and that remained true for the first half of A recent report from the Bank of Spain suggests the domestic housing market. In , 65, non-resident foreigners bought property in Spain. That is to be a key driver for overall housing market growth across Spain. In the last decade, the housing market in Spain has changed completely. Between and , the number of sales increased, as did rental prices. 19/​02/

This feature is limited to our corporate solutions. Please contact us to get started with full access to dossiers, forecasts, studies and international data. Please see our privacy statement for details about how we use data. Single Accounts Corporate Solutions Universities. Popular Statistics Topics Markets. In December , a house in Spain would cost around 1. House prices have picked up ever since in the Mediterranean country. In , thousand euros could still buy a square-meter home on average in Spain , whereas it would only allow for a 50 square-meter apartment in France.

Renting becoming more popular in Spain As happens with many other countries, home rent and purchase prices will differ considerably dependent on the area. There are some indicators though that pointed to renting being slightly more favorable than buying a home in Spain as of , which might be the reason why more people are renting in recent years than before the financial crisis. Annual growth of the average house price in Spain between June and December in euros per square meter built.

Loading statistic Download for free You need to log in to download this statistic Register for free Already a member? Log in. Show detailed source information?

Register for free Already a member? Show sources information. Show publisher information. These include Cantabria When taking into account the type of property concerned, the annual variation for new-builds was 6.

By autonomous Community, Madrid There are already five consecutive years with increases in mortgage approvals and two in which more than , are taken into account. However, these figures are far from the million or more mortgage approvals that were recorded back in and This means four out of 10 mortgages are fixed-rate, compared to one in ten back in , due to the interest rate increases that are expected in the coming months.

The property sales figures are also positive, which even exceed the number of mortgages given to borrowers. Andalusia, Catalonia, Valencia and Madrid are the autonomous communities with the most sold properties. By , the forecasts point to exceeding the half a million sold properties, as per what happened last year. According to statistics, the rental properties continue gaining adepts in Spain and have already reached a total of The rental boom responds to a change in preferences by the housing trend regime as more people opt for investing in a buy-to-let property.

In the coming months, the measures related to the rental market that are negotiated within the framework of General State Budget could result in an element of uncertainty. Property price moderation has arrived to the capital. The year has meant the recovery of the real estate sector in Spain, surpassing the , property sales. This is a figure that has not been achieved since , according to the Real Estate Registry Statistics published by the Spanish Property and Commercial Registrars.

This situation has also occurred in the city of Madrid. The capital is also the second municipality of the country that has registered a greater rise in the prices of properties. Although the price per square metre rose by an average of euros in the capital, during the last few months of the. The forecasts by the Registrars point to a higher growth in demand in motivated by a reduction in the upward trend in prices, which will go from growing at a rate of two digits to a single digit.

By neighbourhoods, the central districts experienced a moderate rise in prices last year. Throughout , the Centro district has been subject to multiple urban modifications that have created an expectation of growth in purchases and prices.

Last year, investor interest caused a significant reduction in the average time it took for a property to sell, from to days. The excellent location of this district makes it the top chosen place by the upper-class Spanish families who buy their first homes.

If in the Latin Americans, mainly Mexicans, Colombians and Venezuelans, carried out these purchases, in there was a growing interest from other nationalities such as the Filipinos or Americans, as well as some operations carried out by Chinese, Portuguese and Croats. In Recoletos and Castellana you can find elegant homes in aristocratic buildings from the nineteenth century with newbuild properties that are highly appreciated by international customers.

The main buyers for this type of property continues to be the upper-middle-class Spanish families, together with a new type of buyer that has emerged in recent years with a more senior profile looking for a new home. The profile of the buyer in this area is mostly national, many of them expats who want to return to Madrid to live in the centre.

The residential area closest to Legazpi is the green zone par excellence of the district. Both of these neighbourhoods boast the most varied international client profile compared to the significant number of national buyers in other districts. The most in demand type of property is divided into flats with:. The most authentic district of Madrid can boast of having the greatest architectural heritage where the 19th and 20th century aristocracy built their private villas. This district on the northwest of Madrid combines several highly-sought residential areas by the upper-middle class Spanish families who work in companies with their headquarters located nearby.

They mainly look for flats, especially top-floor ones, single-storey homes and townhouses. The detached homes in Mirasierra are also in great demand, located in plots of between and 1, sqm and priced between 1. In the latter case, Gaztambide and Vallehermoso, due to their proximity to the University City, are the most sought after areas for buying and renting to students. The traditional buyer in Mirasierra has joined many foreigners in recent years, mainly Germans who live in Madrid and who choose this area since the German School moved to Montecarmelo, with which there is a direct connection.

This less than year-old neighbourhood, in addition to the German community, attracts younger buyers with small children, who are looking for a quiet residential area with lots of parks.

Mirasierra and Montecarmelo are precisely the areas where the most expensive streets are located. EThe client profile of this district is very varied and mainly national. It ranges from upper-middle class families with children at school or university age, middle-aged couples who have lived in the area of Pozuelo-Majadahonda and who are interested in returning to Madrid and finally young couples who have always lived in the area.

With a highly stable and solid demand in all the neighbourhoods that make up this district, Ciudad Lineal can be divided into two very different areas, according to property type and buyer profile. Hortaleza is the district of Madrid where there is a greater contrast both in the types of houses it offers and in the profile of the investor. Both investors and individual customers who choose these areas tend to look for spacious apartments in stately buildings.

The profile of the buyers consists of people with a medium or high purchasing power, who are usually young families with two or three children. The most in demand types of properties that determine the prices in the area are penthouses and duplexes. Similarly, there are also in-demand properties in Puerta de Hierro, an emblematic urbanisation of the district that has been around for more than 40 years, which houses several embassies as well as the private residences of many ambassadors and diplomatic personnel.

It is the place chosen by many celebrities who seek absolute privacy in an environment very close to Monte de El Pardo and the centre of the city. Despite these price differences, the most expensive area stands out near Arturo Soria, which is undoubtedly the main artery of the district, where the most in-demand properties are in fully serviced communities and well-connected with the city centre.

Along with this area, the new-builds in Palomas also stand out. Located in the north of Madrid, these are very recent neighborhoods, whose construction began at the beginning of s. These districts located close to the Madrid airport are a good option for those middle-class Spanish families looking for homes in residential buildings near Madrid and equipped with a pool and communal areas.

As these are very recent residential neighbourhoods with mainly young families who have average purchasing power, the demand is mainly focused on two to three bedroom properties. In fact, there are few who have four bedrooms despite the fact that there is also demand for these homes. Valdebebas does not currently have as much demand due to lack of public transport and amenities, such as schools, restaurants, pharmacies.

However, it is a growing neighbourhood where the new-builds and off-plan property purchases prevail. There are two buyer profiles. On the one hand, the Spanish investors who buy one-bedroom homes; and on the other, families who look for a minimum of 2 bedrooms to rent as they want to work for companies that are based in the area.

Niza Avenue and Tampico Street are considered as the most expensive streets of the two neighbourhoods. Renovated flats of around sqm, with two bedrooms and two bathrooms, well located and with a price between 1,, euros per month; although this is the description of the star property for rent in Madrid, the type of property most in demand varies greatly according to the areas.

While in the downtown neighbourhoods of the capital, customers look for two-bedroom apartments, renovated and unfurnished, leaving the central almond surrounded by the M, we can find more demands for homes, both detached and flats, including garden, swimming pool and sports facilities.

By price, the rental demand focuses on properties below 2, euros a month with good location or, at least, well connected with public transport, with a wide range of shops, amenities, and parks.

Those that were advertised for less than 2, euros a month were rented in less than a month. In these areas, the streets of Serrano and the Salesas and Olavide plazas boast the highest rental prices.

The first one forms an urban continuum with Madrid through Aravaca, with which it appears to form a single nucleus, while the other two are further away from the capital.

These large developments of detached buildings on the outskirts, as well as Avenida de Europa, characterised by blocks of properties on up to five floors, are considered as the areas inhabited by the population with the greatest purchasing power in the municipality. The offer in the northwest area of Madrid consists of high-quality housing and luxury developments, with high security features and excellent services.

These can be villas with more than sqm and four bedrooms, with garden and swimming pool, with prices around one million euros. The third municipality with the highest per capita income in Spain consists of a similar type of housing and a buyer profile to the previous two. In Las Rozas and Majadahonda the demand is focused on penthouses and apartments in the centre, mainly by Spanish families, and in apartments of more than sqm and large detached villas sought by foreigners or nationals who want to move away from the city centre and look for more space.

Throughout , there was a reduction in the average time it took to sell a property in these areas. While in Las Rozas, the large-size houses exceeding one million euros tend to spend less time being on the market, from 12 months to months. In , the houses in Majadahonda with prices below , euros went from an average of six months on the market to just four months. Majadahonda is one of the most popular locations in the northwestern area of the capital, where the Monte del Pilar area stands out, consisting of the most modern houses and the best developments, and the Golf area, which is highly sought by health care professionals due to the its proximity to the Puerta de Hierro hospital.

Located in the north of the metropolitan area of Madrid, the area is subdivided into three urbanisations: La Moraleja, El Soto de la Moraleja and Encinar de los Reyes. Close to Arroyo de la Vega, where a large number of multinationals have established their headquarters, the most popular properties are flats, especially penthouses and ground floor properties, between and sqm, although there is a growing interest for detached homes in private estates with communal areas, which are very scarce in La Moraleja.

The client profile is someone who looks for a multicultural environment to live near some of the best private and international educational centres in Spain just 15 minutes from the centre of Madrid.

These are the determining factors for many expats who choose La Moraleja to live in, initially to rent a property before buying at later stage. Below this price level, around six million euros is the average asking price in two emblematic streets: Camino Sur and Paseo Marquesa Viuda de Aldama.

The detached house on a large plot -in some cases it can reach up to one hectare of land- is the typical property type on both of these streets. In the area to the north of the capital there are three very different regions. The first, located around the National I Fuente del Fresno, Ciudalcampo and Santo Domingo , is made up of detached homes in plots of about 3, sqm within luxury residential developments. The buyer profile is marked by Spanish and foreign families with high purchasing power, usually entrepreneurs or multinational executives with an average of three children looking for large houses with swimming pool and garden.

This is a change of trend with respect to previous years and it will continue throughout due to three factors: the different price levels, the different types of buyers and the increasing number of tenants who are becoming home owners. The rental market was affected in by two reasons: a growing number of tenants in central areas moved to the outskirts of the city and there was a decrease in the number of foreigners looking to rent a house during the first 6 months of the year before their numbers started increasing during the second half of the year.

Throughout the first quarter of , it is foreseeable that the house prices in Barcelona are about to experience a slight drop in the most premium areas. This will be a great opportunity for buyers and it will turn the Catalan capital into a very attractive city compared to other European cities.

The increase in economic and. By , the real estate market will take a year to pause in Barcelona capital, although in the surroundings it will once again record double-digit growth.

Even though in the prices will fall in the Catalan capital, the decrease will be prompt and in no case should it be considered as a real estate bubble. There will not be a. In turn, the continuity of low interest rates, the wage increases, the rise in employment and the ease of granting mortgages by banks will cause a medium term increase in the number of national buyers. With regards to the outer area of the city, the forecast is of continuity in the growth of prices and purchases.

The proximity to the sea and the great cultural offer of Ciutat Vella places this district in the top favourite list of interested investors who want to buy a second home both for holiday use and to rent out. However, the best advantage of the homes in this district is that they have preserved their original features like hydraulic tiles and original woodwork and they are located in stately buildings with modernist details.

For , stability in prices is expected with an increase in the number of purchases by the national client and the lack of international buyers. This area directly competes with the pleasant Rambla and the quiet and semi-pedestrian Enric Granados. The last area is perfect for walking and well connected to the city.

Passeig Sant Joan is highly popular for having more affordable homes than the rest of the mentioned areas. This district has still maintained its real estate growth, which began in thanks to an increase in property demand and prices. These properties range between 50 and 80 sqm and investors who buy such properties do so for letting purposes. The most sold types of properties are penthouses and mainly large-size houses with high ceilings, original fea-. The most premium neighbourhood in this district is the sophisticated Pedralbes that, framed between the hills of Collserola and Avenida Diagonal, is within easy reach to the city.

The profile of the buyer consists of people with a high purchasing power who are mostly locals, although the international buyers did emerge in These clients have shown particular interest in properties in the high zone with prices over 3 million euros, which is a safe investment for them.

Detached houses of up to sqm, with at least six bedrooms, on plots of more than 1, sqm with large garden and absolute privacy and views over the city are the typical properties found in this prestigious avenue. The buyer profile of these homes is mostly foreigners from different nationalities such as Russian, Ukrainian, Swiss, American and Romanian, and many of them are entrepreneurs and athletes.

During , the housing market slowed down and as a result, it took on average 8 months to sell a property. The rest of the district, which perfectly combines the residential character with the hustle and bustle of all the services it offers, has a high demand from national customers.

For , the prices are set to become stabilised. While the French, Italian and English clients look for one or two bedroom flats to rent, the Brazilians, Serbs, Austrians, Argentines and Spaniards prefer larger homes or top-floor flats to live with their family. The profile of the buyer in the growing district of Barcelona consists of national clients.

Next to the beach of Llevant and well connected with the centre of the city by public transport, the properties are spaces, bright and airy, and boast spectacular views of the sea or the park.

This area, where the most modern and innovative character of Barcelona is fused with the presence of the ancient nucleus, will cause profound changes in the lower part of the neighbourhoods of Sagrera and Sant Andreu. Nou Barris, however, still has room for improvement in terms of easier access to financing by the banks, improving the job market and being perceived as a district where investment opportunities with which you can make big profits through buy-to-lets and capital appreciation exist.

Property prices in Sant Andreu. In , the rental market in Barcelona has achieved the longed for stability in prices. Although there is balanced supply and demand, prices would still need to decrease in order to meet the demands of the national client. However, the approval of the new decree law could draw a scenario in which there is a reduction in property supply that would not be give margin to the price drop.

It is expected that throughout , the more central locations could see rent price stability while in the most affordable neighbourhoods or the outer areas of the city a slight increase in rental prices might be on the cards. The most searched properties for rent are between sqm. The monthly rent is on average 1, euros. The most popular homes in these districts are between 50 sqm and 90 sqm, with average prices that are around There are two factors that will be the main driving forces behind the increased demand: on the one hand, the increase in the number of young people leaving home and wanting to live on their own thanks to more employment and, on the other hand, the international demand that will continue with full force in the city.

In terms of property supply, it should be noted that more and more rental homes are of high quality since most of the properties that were previously rented out have now been sold so investors look for more renovation properties to buy for cheap before renting them out for profits.

The average income that tenants pay in this area exceeds 2, monthly euros. The construction of the harbour and the extension of the port docks represent a total renewal for the real estate market of the outskirts of Barcelona. This municipality is part of the metropolitan area of Barcelona and only 8 km from the centre of the city. This is the area chosen by families and young couples who are looking for buy their first home.

The real estate market of Hospitalet has a high percentage of national clients. The most in demand properties are detached houses and townhouses that range between and sqm. The most expensive areas that are close to this town are located 12 kilometres from Barcelona. The entrenched but growing demand in Sant Cugat goes hand in hand with. Matadepera offers more affordable properties than other locations closer to the city in a natural and peaceful environment highly valued by young middle class families with young children.

The rental properties most in demand are the 3 bedroom flats and townhouses that have communal areas. In urbanisations, the properties with the highest demand from tenants are detached houses with garden.

These are especially popular among tenants between 35 and 45 years of age with children. With regards to centrally located flats, the profile of the tenant consists of young couples and people from 60 years of age upwards. Just a few minutes away from Barcelona, there is an area with residential character and a very complete offer of amenities and services that is divided into north and south. Detached houses or residential complexes with garden areas are the most sought-after types of properties by families with children and young couples who choose to live in this metropolitan area due to its excellent public transport network.

The most in demand properties are and sqm flats and villas of between and sqm. They also value comfort and the easy access to Barcelona and the airport. Located in the Garraf region, Sitges is a vibrant and cosmopolitan town on the coast that enjoys mild temperatures all year round. Located 38 km from Barcelona, it has a great infrastructure for tourism and is a highly sought-after town for main residence or a holiday home.

The apartments that are in most demand for rent consist of 80 sqm and houses of about sqm in the centre, including in Vinyet and Terramar due to their proximity to town and sea and for the peace and tranquility. The tenants are divided into equal parts between national and international clients. The most popular homes are the sqm penthouses and apartments between sqm with terrace and sea views.

The rest is between Belgians, German and other nationals from Eastern Europe. The proximity of Gerona to the sea and the mountain as well as the French border and Barcelona, with which it shares excellent connections via the motorway and AVE, are the decisive factors when choosing this comfortable city to live in.

The most popular homes in this city are bedroom flats of between 70 and sqm and close to medical, educational and shopping centres, especially the ones within proximity to the high speed train station. In the Barri Vell area, the demand is focused on small apartments for short stays in the city. After becoming the fashionable neighbourhood of Gerona, this is an area highly sought by investors who buy properties to rent out to tourists and students.

The buyer profile of other areas of the centre, such as Eixample, Devesa and Montilivi is drawn by families from the city with access to mortgages. Since last year,. There is a very high demand for rental properties, but the offer in general is very low, which has caused an increase in prices and difficulty in finding a home. Lloret de Mar Blanes. Eixample is the area with the highest prices in the city, mainly in the north, where the average price per square metre exceeds 3, euros, with La Salle as the most sought-after address.

It is a characterful Bohemian enclave and highly exclusive. The most popular homes are detached homes between , euros and , euros with sea views and south-facing apartments between 70 and 90 sqm with large terraces of between , and , euros. However, a growing interest from national customers was observed last year. On the other hand, the inner region of the national parks, Montseny and Les Guilleries, allows you to enjoy nature with utmost privacy without being away from the great road connections and the nearby beaches of the Costa Brava.

The homes by the canal, the closest ones to the sea, as well as the properties that have their own mooring are the most in demand. The preference for those who have a sailboat or yacht focuses on canals that make it easy to maneuver or the ones that are just before the bridges. The star property in Empuriabrava would be an individually-designed house of about sqm with bedrooms, a sqm land and with mooring in the wide canal after of the bridges, where only boats can go up to 2. The rest is divided between the Belgians, Dutch and the British.

As with the rest of the Costa Brava, the percentage of foreign clients is higher than national buyers. The awakening of real estate market has been delayed compared to other provinces due to the significant property stock existing after the housing bubble burst.

It is these last two streets are nestled between the most popular areas next to the Rambla Nova neighbourhood which represent the most prestigious area. With regards to the foreign buyers, who are mainly the French and Swiss, the demand is focused on La Mora and Tamarit, where customers look for detached holiday homes near the beach. The momentum of the market will come when the rise in property investment goes hand in hand with resale purchases.

Among the Spanish, the Valencia and Basque Country locals stand out, while among foreigners, the predominant nationalities are the French and British. At 1,, metres above sea level, the most sought-after areas are Baqueira. This is especially the case with the pre-owned properties and detached houses.

The Val de Ruda region, located at the foot of the Baqueira-Beret ski resort, is a complex with properties, three hotels, shopping arcades, schools, ski equipment rental shops, restaurants, and chairlifts for easier access to the ski station. The capital of the Aran Valley is the nerve centre of the region. It is bustling all year and offers all kinds of properties, from detached homes with gardens, to small apartments.

In Vielha, there are two of the most prestigious urbanisations in the area: La Solana and Santa Gemma, both with private villas that are built in typical Aranese style. Located in a long valley east of the Pyrenees that runs along the Segre River and natural border crossing between Catalonia, France and Andorra, Cerdanya is the chosen destination by the upper class Catalans for their second or third residence.

Its strategic location, the excellent road connections from Barcelona and Gerona and the most number of sunny days throughout the year make it highly desirable to live or spend your holidays both in summer and in winter. The prestigious ski resorts of Cerdanya offer different activities throughout the year including snowboarding, skiing on all its slopes as well as routes for hiking, trekking, horse riding, mountain biking, etc.

To this variety of activities we must add those you can take part in the airfield and the magnificent golf courses. The panoramic views of the valley and the mountains, with south-facing orientation and in urbanisations with scenic views are the most in-demand features.

The Valencian Community leads the property resale ranking in Spain. For a few years Valencia was known for its high number of new-builds. Now, however, the Valencian Community leads the ranking in Spain for the highest home resales.

The average price per square metre of these properties was 1, This is a lower figure registered in the Valencian capital, which stood out in the past year due to the significant increase in the price of properties. Specifically, the city of Turia saw the value of its properties rise by Foreign demand will continue to be one of the main pillars of real estate business in the Valencian Community this year. Districts of the city of Valencia.

The city of Valencia is distributed in 19 districts, subdivided in turn into 89 neighbourhoods and districts. This is the most in-demand area of the city, especially the properties in stately areas with generous footage and three or more bedrooms; the houses with high ceilings, moldings and handcrafted mosaic floors and topfloor flats. The first type, especially between Valencian families in their majority as well as the last type of property is popular among foreigners and young people with high purchasing power.

Property Search 13, properties available Find a Property. Want to know more? Ask me Helena Monks Customer Services. Send Email. Live Chat. Schedule a visit and the VIVA team will do the rest! Discover home trends on the Costa del Sol. I would like to receive: Weekly Property Updates. Blog Updates. Monthly Newsletter. My Account. Remember my email address. Create an Account. Reset Your Password Enter your email address and we will send it to you:.

I'm interested in: Subscribe to all categories. Current Affairs. What's On. Internal Mail. Global View. Costa People. Featured Images. Latest news roundup: Yes, send me free the latest hand-picked news from international press. I want to receive it: Daily. Reply To A Comment.

693,000
* €/m2
281 m2 | 5 bedrooms | 6 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
At the end of it was % and that remained true for the first half of A recent report from the Bank of Spain suggests the domestic housing market. When thinking about buying a house in Spain, there are many different As well as things like the relative comfort of work or family, you also have to consider the price per square metre or square foot of the We break down the cheapest (and not so cheap) places to buy property in Spain / Gtres. 1 June , Redaction. This will help them get on the property ladder easier. In recent months, the housing market has been dominated by investment demand (around.

Investors will need to adjust their strategies more than ever and will have to venture outside their comfort zone and take expert advice to materialize the new opportunities. People who rent will be able to buy their own property and have a monthly mortgage payback that is equal to—and possibly lower than—what they have been paying as monthly rent.

Without a need for large upfront down payments, hundreds of thousands and possibly up to one million Spanish households are expected to switch from renting to buying in the next three to four years. This generates demand in areas that today still have not picked up much, and particularly in those zones close to cities with strong economic activity.

This trend is expected to be a key driver for overall housing market growth across Spain. At the same time, a lot of rental properties will become free and this might in some areas cause downward pressure on the rental prices. Rental prices have gone up strongly in recent years and will likely normalize, stabilize in the next few years and probably slightly decrease in some of the hot areas.

Again here, in markets where expats love to buy, this effect might be different due to their willingness to pay a premium for location.

Brexit continues to make potential British buyers apprehensive. While no one can predict what the impact will be, what is clear is that—independent from the actual outcome—the uncertainty of Brexit generates anxiety.

And, in uncertain times, people become even more interested in buying properties above any other type of investment. We receive more questions than ever before from UK buyers; they are still the largest nationality buying in Spain with an average of property acquisitions per week. The political tension between Spain and Catalonia did initially create worries with investors. However investors look at returns, probabilities and risks, and they see that the probability for a bad outcome is very low.

The national and regional governments are evaluating options to keep market prices down. It seems likely that these measures will produce the opposite effect: higher rental prices and higher buying prices in the areas where the government intervenes.

Proptech : there is a lot of buzz. Adding services to pure technology is a critical way to create differentiated value and to convince customers to pay. I do believe strongly in big data applications—we have tested many and are using the best—to support making better purchase or sale decisions. They add clear value and generate insights that one simply cannot attain without combining tons of data.

Mortgage conditions will change. The good news is that the European Central Bank has decided to keep interest rates low for the rest of the year, but banks will try to compensate for additional costs imposed from recent regulatory changes with incremental charges to buyers.

Yes, this is the news that resale, or second hand, house prices in Spain went up a whopping 8. I say this with some caution simply because property valuation figures tend to vary slightly depending on the author of the data, whether it be Tinsa , the National Registrars Association , the Spanish Statistical Office , etc. However, despite the small discrepancies that may be noted between these different data sources — some of whom are yet to publish their findings — the overriding conclusion is that was a breakthrough year in terms of the growth of the real estate sector and further consolidation of the Spanish economy as a whole.

As useful as statistics are, many of us just want to know what our second hand property in Spain is actually worth now compared to 1 st January Of course, this is an average percentage, and the appreciation or depreciation of any property would depend entirely on the region or province. So, by way of reiterating the message, now is most definitely the time to buy.

Although price increments are predicted to be sustainable and not erratic , the moral of this tale is to get your foot in the door literally! Leave a Comment. Read More. Head office address Ctra.

Schedule Visit. Helena Monks Customer Services. Send Email Live Chat. Forgotten your password? Click here. Don't have an account? Register here. Already have an account? Login here. Remembered your password? Sign In. Estepona La Perla de Riviera. Mijas Costa Delta Mar Suites. Mijas Costa Oasis de Guadalmina Baja. Second hand property prices in Spain increased 8. Home Blog News Second hand property prices in Spain increased 8.

Share Print. Great property market news to kick off For those of you awaiting the first real estate market news of , here it is: second hand property prices in Spain increased quite dramatically last year. Need any information related to buying or selling property on the Costa del Sol? Do you want to know what impact this might have on your property? Our VIVA property experts are on hand to answer any questions you may have, from making the move to Spain, information about related costs and legal issues, the latest market news and tendencies and, of course, the best range of properties anywhere on the Coast.

Have you got something to say? Max length characters. Notify me of follow-up comment via email. Leave Comment. Related Posts Current Affairs. Would you like to find the property that's perfect for you?

251,000
* €/m2
283 m2 | 4 bedrooms | 2 bathrooms | Furnished | Parking place | Swimming-pool | Gardens
spanish property market house prices of the six most-watched house price indices in Spain, and brings them together in one chart. Property sales and prices in Spain are forecast to rise in as long as there are no sudden economic surprises or changes to the mortgage. For those of you awaiting the first real estate market news of second hand property prices in Spain increased.

No account yet? Sign up. If you do not receive an email within 15 minutes, please check your spam folder or contact us for help.

Already have an account? I want to login. Lalaine C. Delmendo January 15, Spanish house prices rose by 4. On a quarterly basis, house prices increased 1. The Bank of Spain reports lower house price rises.

During the year to Q3 , nationwide house prices rose by a modest 3. On a quarterly basis, house prices were up by a minuscule 0. Spanish house prices had fallen by a total of There were 24 consecutive quarters of y-o-y declines. Demand is slowing gradually. Home sales in Spain fell by 3. Learn what returns you are likely to earn, and where are the best opportunities. Follow the latest developments in the international property markets through the Global Property Guide newsletter.

Sign Up. Already Subscribed? Manage your subscription. Construction activity is weakening again, after reaching a seven-year high in During the first seven months of , the number and area of residential building permits fell by Foreclosures for new dwellings increased by In October , fixed rate mortgages represented The Bank of Spain expects economic growth to slow further to 1.

In fact, the European Commission is even more pessimistic, projecting the Spanish economy to grow by just 1. Foreigners have a right to buy and resell all kinds of property - residential, commercial or land, with no limits.

The boom ended abruptly in The housing slump battered the Spanish economy, and brought spiraling unemployment. Developers were left with blocks of unsold properties and massive debts. In some places in Spain, but only for the smallest sized apartments, buying an apartment is now attractive from a yields perspective - a completely new situation for Spain. Similar yields, or maybe slightly lower, can also be had in Madrid. All these yields figures are higher than last year, which was higher than the previous year.

Spain is once again beginning to look a possible investment destination. The average price of urban land transactions in Spain rose by 4. Fourteen of the 17 autonomous communities where figures are available saw land price rises during the year to Q3 The number of land transactions fell by On the other hand, transactions of newly built houses increased slightly by 1.

Almost half of the autonomous regions and cities saw falling demand. During the first ten months of , Santa Cruz de Tenerife recorded the biggest fall in sales of There were also declines in Madrid In contrast, Ceuta registered the biggest sales surge of a whopping The modest decline might be due to the fact that home sales reached almost , units in , up Home sales to foreigners were 4. Foreign investors started to return to the Spanish property market in In , foreign homebuyers bought over 65, homes in Spain, up 7.

In reality, the construction industry was more or less wiped out. Nevertheless, building licence approvals have grown year-on-year since The final total will be published in Spring Meanwhile, although Q1 and Q2 figures indicated a slowdown numbers picked up again heading into Q4.

With two months still to count in , 91, permits had been authorised across Spain. However, the biggest increases in new permits are in the Mediterranean coastal regions, precisely those locations favoured by overseas buyers.

So the cranes are not spread evenly across Spain but are clustered in just a few regions and in just a few places within those regions. The same regional imbalances I highlighted earlier with regard to transaction numbers is duplicated in the construction sector. As the supply side improves one would expect prices rises to moderate even if demand holds steady. On the other hand, if demand is actually falling, then new-build prices will be under serious pressure.

One thing for sure, no developer goes into a project expecting prices to fall during construction. The assumption is always that prices will rise phase by phase. I think will give some of them quite a shock. Already, there are rumours circulating of developers delaying the launch of new phases as sales slow.

Lack of well-priced, top quality properties in prime locations is also a feature of the current resale market. However, available stock is more in balance with demand. In my experience they are much more likely to walk away than overpay. Look hard and there are still good deals available. However, I have a problem with many asking prices. I feel sellers assume that just because new-build prices have gone through the roof they can ramp up their asking prices to similar levels.

That assumption is incorrect in my view. As I started a search for a client at the beginning of I noticed that every house under consideration had been reduced from the original asking price. When over-optimistic sellers reduce asking prices to more in line with what the market can stand, they sell.

And in price per square metre terms that will be way below new-builds prices. Marbella, the sixth most expensive town in Spain, is a good example of the new-build versus resale price conundrum. At the start of a client was negotiating to buy a detached villa. With 5 bedrooms, m from the beach, walking distance to town, and with the contemporary look that is so in demand.

Also at the beginning of I located a 2 bedroom townhouse, fully renovated to the highest of standards. However, it too had reduced from the original asking price before a buyer emerged For the same clients, I have just added a beachfront apartment to the short list. When I am researching the market for my clients I always do the price per square metre calculation to help me come to a conclusion about the asking price. I told him it was a bit late for that, the time for price comparisons was in , not The fact is, shiny new stuff never trumps location.

Seems the developer has licence problems. However, buyers are already paying more than that per square metre just to get their hands on a new property. However, in my view that will be because new-build prices retreat, not because resale prices increase markedly.

There is a close link between rental yields in Spain and the health of the Spanish tourism sector. Currently, Spain is the second most visited country in the world. Obviously, some will have their own homes, or stay with family and friends, but that leaves a serious number of overseas visitors renting privately. As a result, rental yields make letting a property in Spain an interesting option. There is high demand for both long and short term rentals. What used to be considered luxury items, such as free wifi, flat screen t.

There is just as much demand for smart two bedroom apartments in the right location. I thought property price rises would squeeze yields. In all cases, location and interior finishes are key. It seems likely that demand for short-term holiday rentals is only going to increase. In , just before the global meltdown, Spain welcomed 59m overseas visitors, an all-time record. At the end of the annual total had fallen to However, a decade later, the statistics show the 83m barrier broken for the first time.

In fact, at There are also signs that improved marketing to pitch Spain as a year-round destination is paying off. In the three winter months, January through March, showed the biggest monthly increases while the three summer months were either flat or decreased slightly.

This indicates there is improving rental potential throughout the year and not just in the traditional high season summer months. Analysis of the tourism statistics indicates that the decline of foreign tourists in high season was the result of the recovery in cheaper package-holiday destinations such as Tunisia, Morocco and Egypt rather than fewer high-end tourists.

And the very high demand for the most expensive rental properties seems to bear this out. The most important thing, in my view, is that there are no losses at the top of the market.

It is vital that the quality sector continues to grow. When I am working for a client whose brief requires reliable rental income I target certain areas and ignore others. In addition, I search for a type of property and reject others. Get the location wrong, even by just a few kilometres and income may be halved.

As well as pinpointing the right location in a particular area you need to be in the right region because some have legislated against short term holiday lettings, pressured by the powerful hotel lobby and disgruntled locals. So, if rental income is a requirement of your buying plan then check the legislation in that autonomous region because there are differences.

But the days of leaving a set of keys at the local bar and crossing fingers that no emergencies will arise are over. My blog here explains more. Obviously, the principle reason for this is that Spanish banks were drowning in bad debts and new mortgages were scarce. Only a massive bail-out from the European Central Bank prevented widespread collapse. One of the first questions I ask potential clients is whether they they are cash buyers or if they need finance.

I do this because I believe it is better to get an indication of borrowing potential before I start a property search. When the answer comes back that they are cash buyers I always ask if they are aware of the fixed rate mortgages currently available in Spain. Most are not. However, once they knew all my recent clients who had intended to buy with cash have opted to take the maximum they could borrow.

Euribor is the interest rate which fixes most Spanish mortgages and it has been in negative territory since February After falling month on month throughout it closed the year slightly up from the historic low of It now stands at In the recession fixed rate mortgages disappeared from the market. Indeed, the majority of international buyers are opting for fixed rate over variable rate loans. My advice to cash buyers, irrespective of the currency, is to protect their capital and take a Spanish mortgage.

There are many products to chose from with fixed terms from 5 — 25 years, interest rates from 2. There are a lot of variables, such as country of residency, amount required, location of purchase. However, there are no restrictions on nationality or purchase price. A good broker is essential. Status is scrutinised very carefully but in general the process is straightforward and quick.

In the case of some of my clients we have even had banks competing for the business. It noted that Spanish banks are highly exposed to real estate sector developments and may underestimate the speed at which house prices and relaxed lending criteria can gain traction.

Also in December , I noted warnings from valuers about the spectre of overvaluations creeping back into the market. The loan is then offered on whichever is lower, the valuation or the property price.

They may be only a warning flag but they may also be the first signs of something more serious. Even more reason then for buyers to be very cautious, particularly in the new-build market.

It is essential to do the research and compare asking prices for new property with comparables in the resale sector. Look at peak prices prior to the crash and ask yourself if you should be paying even more than that now. Lots of soft focus life-style images, very seductive, but better to check the price per square metre and ask if it makes sense. However, if you buy at the right price, Spanish property is still relatively affordable. The sun continues to shine and the quality of life is rated one of the best in the world.

The lack of high-quality inventory at the right price in prime locations will be an issue throughout As far as the overseas market is concerned that means the Mediterranean coasts, the Balearics and the Canaries.

My advice to buyers in is do not obsess about new-builds, especially if not located in prime positions. Many are not. Consider equivalent resales, calculate the price per sq. Then you can take an informed view on what makes the best financial sense.

The result will almost certainly be a lower price, a bigger property and, most important of all, a superior location. A thorough search can still uncover some real deals although they will be harder to find in Nevertheless, there will always be some sellers more motivated and realistic than others.

If there is a mobile mast in view assume there will be more as the tendency is for them multiply. Electricity pylons are also a big no-no.

We can assume new housing will increase in the medium term. Already, in some areas I can count twenty cranes while standing still. If there is vacant land nearby find out with absolute certainty what, if anything, can be constructed. The selling agent saying it is green zone is just not good enough. Why risk losing a fabulous view? And finally, when I am assessing properties for my clients I always ask the following questions. If circumstances change and they need to sell quickly is the price right to enable them to do that?

Secondly, is this a property for which there will always be demand irrespective of market conditions? And that is that there will always be demand for top quality in prime locations. It always has been, still is and always will be about location.

And I, for one, will be waiting for the full-year number of overseas buyers in with even more interest than usual. That statistic will tell us a lot. I update this Spanish Property Market report throughout the year as new data becomes available. You can also follow us on Twitter and Facebook for the latest news as it happens. Still in recovery mode from the meltdown, the Spanish property market faces more turmoil in the wake of Covid The signs were there at the end of Now the 1st half year statistics seem to confirm a downward trend.

Overseas demand in Spain in Will it be up, down or flatlining? All intellectual property in the design, images and text of this website are and will remain the property of The Property Finders.

Any infringement of our rights will be pursued vigorously. GDPR - We guarantee the personal data entered in the contact form will only be used for the purpose of replying to your enquiry and will not be shared with any other company, service or provider. Spanish Property Market Introduction Without doubt an important factor in the recovery of the Spanish property market since the meltdown has been the growth of the overseas sector.

Where the numbers come from The Notaries produce the most reliable property market statistics. But there are always buts However, the fact is that, in spite of minor improvements, not that much changed in Where is the Action? Regional Variations And the same patchy recovery pattern occurs within regions as well. The Supply Side At the height of the building frenzy in Spain approved building licences for , units. The Price per Square Metre Conundrum Marbella, the sixth most expensive town in Spain, is a good example of the new-build versus resale price conundrum.

Rental Yields There is a close link between rental yields in Spain and the health of the Spanish tourism sector. Tourism Numbers It seems likely that demand for short-term holiday rentals is only going to increase. It is vital that the quality sector continues to grow Important for Yields When I am working for a client whose brief requires reliable rental income I target certain areas and ignore others.

Spoilt for Choice There are many products to chose from with fixed terms from 5 — 25 years, interest rates from 2. Getting it Right However, if you buy at the right price, Spanish property is still relatively affordable. From the Blog rss. The Spanish Property Market — What next?

We help you to find properties with pool in Spain

Create an alert on new properties

Be the first one to see: create an alert on new properties in Spain and you'll receive new offers by email.

Turn to the experts: contact real estate agencies in Spain.

Statistics and prices of properties with pool in Spain

Prices are going up in this area.

Average price in this area: 1,689 €/m2

The cheapest property in this area: Rent to own detached house in Alcobendas, 0

The most expensive property in this area: Hotel for sale in Nueva Andalucía, Marbella, 65,000,000 €

Cheapest areas: Aragon, Castile and Leon, Estremadura

Most expensive areas: Melilla, Balearic Islands, Andalusia

Prices are going down in the areas: Madrid, Andalusia, Canary Islands.

More statistics and trends...