Finance and Property News

SPAIN'S residential property market had grown by 23% year-on-year by the third quarter of 2017, and pending year-end results, an overall annual increase of at least 20% has been given as the provisional figure. In nine months, the residential home market saw €53.9...

Spanish home sales were up an annualised 4.5% in December to 48,956 transactions, whilst the average price of property sold in the month was 1.8% higher in terms of €/m2 than the same month last year, reveal the latest figures from the Spanish Notaries Association....

RESIDENTIAL property prices are now back up almost to levels seen before the financial crisis, according to the official national index. Whilst 2007 saw home values shoot up by 9.8%, they dropped dramatically from 2008 – by 1.5%, then with a huge dip by 6.7% in 2009...

House prices in the Madrid region and Catalonia are increasing at rates seen in the last property bubble. In fact, price hikes in Madrid in Q3 last year were even bigger than during the bubble a decade ago. According to the property price index published in early...

HOUSING market figures for the end of November showed an 18.1% rise in sales for that month based upon the same 30 days in 2016, according to the National Institute of Statistics (INE). Year-end sales results are not yet compiled by the INE, but as at the beginning of...

Spanish house prices will rise for the fifth consecutive year in 2018, forecasts the Instituto de Práctica Empresarial (IPE), a property-focused business school. The Madrid region will see the highest increase with a 10.8% rise, followed by Castilla y León with an 8%...

Alicante and the Costa Blanca are home to 22% of the 60,000 luxury properties currently on sale in Spain, and the highest price-tag in the region is €80-million, claims the portal LuxuryEstate.com. Spain has the biggest number of luxury homes for sale in Europe,...

The price of a square meter of housing in the Murcia Region has increased by 9 percent in the last quarter of 2017, the third largest increase per community, which is only lower than Galicia’s and Castilla y León’s, both with 10 percent, as reflected in the Gesvalt...

NEW-BUILD residential property rose in value in 2017 by more than any time in the last decade, according to the Surveyors' Society, with major cities such as Madrid and Barcelona seeing prices reach pre-financial crisis levels. A typical 90-square-metre property in a...

Tourists visiting Spain shelled out far more cash in 2017 than the previous year. Year-on-year growth, as at the end of November, was around 12.9%, and for that month, holidaymakers spent 10.3% more in Spain than they did in November 2016. According to the National...