The Latest Spanish Property News

October 1st, 2014

Spending by international tourists registered a new record up to the end of August, reaching 43,584 million euros, which represents an increase of 7.4% over the same period in 2013, according to figures provided on Friday by the Egatur tourist expenditure survey prepared by the Ministry of Industry, Energy and ...

Continue reading Foreign Tourists’ Spending Reaches Record Level to August

October 1st, 2014

According to the latest data published by the National Institute of Statistics on Friday, the number of new home mortgages increased for the second consecutive month in July. Specifically, during the seventh month of the year, a total of 18,107 home loans were signed, which is an increase of 28.8% ...

Continue reading Home Mortgages Rose by 28.8% Year-on-Year in July

September 30th, 2014

The Spanish Social Security system paid out in September a record high 8,053.8 million euros in contributory pensions, which is 3.1% more than in the same month of 2013, according to data released last week by the Ministry of Employment and Social Security. The average pension in Spain has risen to ...

Continue reading Pension Spending Reached Record 8.05 Billion Euros in September

September 30th, 2014

Property on the Costa del Sol is regaining its popularity thanks to foreign demand. In the second quarter of the year, the number of home sales to foreigners in the province reached a level not seen since 2007, before the beginning of the crisis. A total of 2,499 real estate ...

Continue reading Homes Sales to Foreign Buyers in Málaga at Highest Level Since 2007

September 29th, 2014

Overnight stays in Spanish hotel establishments totalled 43 million in August, and increased by 2.7% over the same month of 2013, driven by both domestic and foreign tourism, according to figures released last week by the National Statistics Institute. The use of hotels by residents of Spain increased by 3.6% to ...

Continue reading Hotel Stays Rose by 2.7% in August to 43 Million

September 29th, 2014

With a stock of 500,000 dwellings and the indication of an economic recovery, Madrid launched its first real estate and tourism exhibition in Paris (Sitep) from 19th to 21st September, with the aim of attracting more French investors. Potential home buyers of French nationality have the most presence in Spain after ...

Continue reading French Citizens Purchased Some 7,000 Spanish Homes in 2013

September 26th, 2014

The Canary island of El Hierro has been declared a Geopark by UNESCO as a result of its candidature having been put forward by The Ministry of Industry, Energy and Tourism in collaboration with the local council of El Hierro as part of the Special Action Plan (PAE) created to ...

Continue reading UNESCO Declares the Island of El Hierro a Geopark

September 26th, 2014

Home sales soared by 12% in the second quarter of the year, compared to the same period of 2013, the second consecutive quarterly rise for this indicator and the best second quarter since 2010, according to the latest data from the Ministry of Development. The number of transactions carried out in ...

Continue reading Home Sales in Q2 Reach Highest Level Since 2010

September 25th, 2014

The Spanish Social Security system lost 17,941 foreign contributors in August, a decrease of 1.12% over the previous month, bringing the number of foreigners in employment to 1,582,823, the Ministry of Employment reported on Tuesday. With the August figures, the affiliation of foreigners in the Social Security system accumulates two consecutive ...

Continue reading Spanish Social Security Loses 17,941 Foreign Contributors in August

September 25th, 2014

According to statistics from the General Council of Notaries, foreign buyers continue to be one of the main drivers of the residential property market in Spain. During the second quarter of 2014, the number of private housing acquisitions carried out by foreign buyers amounted to a total of 18,466, which ...

Continue reading Foreign Buyers Still Driving the Spanish Housing Market

September 24th, 2014

Spain received 45.4 million foreign tourists through to August, representing an increase of 7.3% over the same period last year, according to the latest Frontur tourist border movements survey released on Monday by the Ministry of Industry, Energy and Tourism. In fact, in the month of August the international tourist arrivals ...

Continue reading Spain Received Record 45.4 Million Foreign Tourists to August

September 24th, 2014

The Consumers and Users Organisation (OCU) have reported that the cost of the Property Tax (IBI) has risen in several Spanish cities over the last five years, despite the fact that housing prices have fallen by more than 40% on average during this time. The Organisation indicated in a statement, that ...

Continue reading The IBI Increases 50% in Five Years Despite Falling House Prices

September 23rd, 2014

According to the latest data from online holiday rental marketplace, HomeAway, Inc., more than a third of enquiries made for holiday rentals in Spain during the summer were for Andalucía (36% of the total). Requests for holiday rentals in Valencia accounted for 19% of the online applications, followed by the ...

Continue reading Spanish Holiday Home Rental Demand Up 20%

September 23rd, 2014

Recent data published by the Ministry of Development revealed that the average price per square metre of urban land experienced an increase of 3.5% in the second quarter of 2014, compared to the first three months of the year, to stand at 146.4 euros per square metre. This is positive news ...

Continue reading Urban Land Prices Rise by 3.5% in the Second Quarter

September 22nd, 2014

According to data released last week by Spain’s Institute of Tourism, under the Ministry of Industry, Energy and Tourism, low cost airlines carried 22.4 million passengers in the first eight months of the year, representing an increase of 10.3% over the same period last year. Traditional airline companies, meanwhile, handled over ...

Continue reading Budget Airlines Carried 10.3% More Passengers to End of August