The Latest Spanish Property News

July 7th, 2015

According to data from the Bank of Spain, as at May this year a total of 1,659 million euros in pesetas still remain unredeemed, which is the equivalent of 276,034 million pesetas, of which 856 million euros (142,426 million pesetas) are in bank notes, and 803 million euros (133,607 million ...

Continue reading Spaniards Still Hoarding 1,659 Million Euros in Pesetas

July 7th, 2015

Around 14% of the tourists visiting Spain last year (3.7 million) stayed in holiday homes, and spent a total of over 2,680 million euros, on both their accommodations (900 million euros) and the rest of their holiday expenses (around 1,800 million euros). These conclusions are based on a study prepared by ...

Continue reading Spanish Holiday Homes Attracted 3.7 Million Tourists Last Year

July 6th, 2015

A total of 241,940 Russian tourists visited Spain during the first five months of 2015, representing a decrease of 28.7% compared to the same period of 2014. According to the latest data from the Frontur tourist border movement survey prepared by the Institute of Tourism Studies (IET) on foreign visitors ...

Continue reading Russian Tourist Numbers Continue to Fall

July 6th, 2015

Housing development activity is showing signs of improvement, according to Spain’s Ministry of Public Works, which announced last week that the number of building permits granted for residential new construction in Spain reached a total of 15,178 at the end of the first four months of 2015, representing an increase ...

Continue reading Residential Building Licences Up 29.9%

July 3rd, 2015

International tourists visiting Spain spent a record 21,809 million euros in the first five months of the year, which is an increase of 8.4% compared to the same period in 2014. The average daily expenditure rose by 4.4%, to 116 euros, and the average expenditure per tourist increased by 3.1%, to ...

Continue reading International Tourists’ Spending up 8.4% to May

July 3rd, 2015

The number of mortgages constituted on homes listed in the Property Registers stood at 18,857 in April, which is 21.4% more than in the same month of 2014, according to the latest data from the National Statistics Institute, which pointed out that this data is derived from transactions carried out ...

Continue reading Home Mortgages Increased by 21.4% in April

July 2nd, 2015

According to data prepared by the Spanish Camping Federation (FEEC), the average occupancy rate nationwide in Spain's campsites during the months of July and August will be around 70%. This predicted level of occupancy represents an increase of 20% over that registered in 2012, for example, and places this sector as ...

Continue reading Spanish Campsites Estimated to Reach 70% Occupation Rate in July and August

July 2nd, 2015

Data from a recent study carried out by the real estate rental management franchise, Arrentum, on the 'Desire of the Residential Consumer in Spain', reveals that the choice of renting a home is increasing among mainly young people and retirees. According to the study, 41.7% of those surveyed aged between 18 ...

Continue reading The Young and Retired Opt to Rent

July 1st, 2015

The 69th issue of the Kyero Spanish house price index has just been released to reflect the most recent asking prices of every property advertised on Kyero.com. Download it by clicking the image (150kB pdf) Download the full price index spreadsheet Overall, average asking prices stayed roughly level since Q1 2015 at €234,000 for ...

Continue reading Kyero Q2 2015 House Price Index – Issue 69

July 1st, 2015

Issue 24 of the quarterly Kyero Enquiry Report (1Mb pdf) is now available.  It summarises the properties that attracted the most visitor enquiries on Kyero.com from April to June 2015. You can use this report when buying or selling a property in Spain to gauge market interest and the resale potential of a particular type of property ...

Continue reading Kyero Enquiry Report Issue 24

July 1st, 2015

As at 1st January 2015, the number of inhabitants in Spain stood at 46,439,864 persons, which is 0.14% less than the figure registered a year earlier (72,335 persons less). In 2013, the reduction registered was significantly higher, at 0.46% (-220,130). During 2014 a total of 78,785 Spaniards left the country, which ...

Continue reading Spain’s Population Falls for Third Consecutive Year

July 1st, 2015

The Alpha real estate network, which has more than 170 offices throughout Spain and Latin America, recently announced that they are seeing a growing trend in the number of young tenants becoming owners of their own home. Vice President of the company, Jesús Duque, said that: "since last summer, we have ...

Continue reading Alpha Real Estate Augurs Return of Young Home Buyers

June 30th, 2015

Spanish hotels recorded 28 million overnight stays in the month of May, which is 5% more than in the same month of 2014, according to recent data released by the National Statistics Institute. The year-on-year increase in hotel stays in May, the sixth consecutive rise, is due mainly to the 5.8% ...

Continue reading Overnight Hotel Stays Rose by 5% in May

June 30th, 2015

Bankinter has launched a new 2.05% fixed interest rate mortgage with a 10 year repayment period. When the term of the loan is 15 or 20 years, the interest rate rises to 2.40% and 2.75%, respectively. In order to be eligible for the 2.05% fixed interest rate, the mortgage applicant shall ...

Continue reading Bankinter Launches 2.05% Fixed Interest Rate Mortgage

June 29th, 2015

In 2014, the price level of consumer goods and services in Spain stood at seven points below the European Union (EU) average, with only the price of cars and other vehicles slightly exceeding the EU average, according to a recent report published by the European Commission statistical office, Eurostat. Specifically, the ...

Continue reading Spain’s Prices Lower Than EU Average