According to a report by Sociedad de Tscion, the prices of new homes will continue to rise in Spain in the second half 2025. Their report published on Wednesday showed that average new home prices reached €3,151 per m2 in June- a yearly rise of 7.5%- to make house prices the highest since their surveys started. They predict that by …
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Prices soar and foreign buyers’ spending power levels out by 2024
PROPERTY purchase deals in Spain by foreigners flattened out last year to €11.7 billion of sales- up by just 0.4% in value compared to 2023. That compares to over €14.5 million in sales recorded in 2018. The Ministry of Housing compiled figures that showed the majority of non-Spanish buyers were buying second hand housing. READ MORE The number of foreign …
Read More »Controversial law allows new property builds on rural land ‘reserves’ in Balearic Islands
The Balearic Islands Parliament has approved a controversial law that allows rural land to be converted into new homes. The Law of Natural Spaces was passed in 1991, and it has pardoned illegal constructions that were made on land protected by the Serra de Tramuntana. At a Monday plenary meeting in Palma, the Partido Popular and Vox Parties backed this …
Read More »The Costa Blanca is experiencing a record-breaking April for property purchases
According to the National Institute of Statistics (INE), Alicante has set a record for property purchases in APRIL. Property boom continues to grow with 4167 sales in April, surpassing the previous best set in April last year. This is the first month that sales have exceeded 4,000 transactions. READ MORE Alicante ranked third on the national sales list behind only …
Read More »Germans are outspending the British in Spain for mortgages as demand from abroad continues to rise
In the first quarter 2025, Germans have overtaken Brits when it comes to applying for mortgages. The property portal has provided figures on the market Idealist In the UK, 14.2% of mortgages were applied for by UK nationals. The total number of foreign buyers in Spain is 3.6%. READ MORE Between January and March, applicants from Switzerland accounted for 8.7% …
Read More »Due to a shortage of property and lower interest rates, house prices in Spain have risen at the highest rate since 2007.
The acceleration of house prices in Spain continues with a 12.2% increase in the first quarter 2024. The National Institute of Statistics has reported the highest quarterly growth since the first three months of 2007. New properties were only 0.1% behind second-hand property prices, which grew by 12.3% from January to March. READ MORE RISE CONTINUE The house price increase …
Read More »In pictures: Five Ferraris, a British owner and bowling alleys: Spain’s most luxurious villa
A British tycoon’s Marbella mansion has hit the market for a staggering €70 million, making it the most expensive house for sale in Spain. Villa Bellagio is located in Sierra Blanca – the most exclusive private area of Spain – and has amenities that would have made Roman emperors swoon. READ MORE Shock for Spain’s Costa del Sol as 30% …
Read More »Spain’s property prices are at their highest level ever.
According to the Fotocasa property website, prices for second-hand houses in Spain increased by 14.8% annually in May. The report states that it’s the largest year-to-year growth in 20 years. Only between April and may of this year, prices increased by 4%. READ MORE Based on prices per square metre, Fotocasa has calculated that the average price of a flat …
Read More »Brits buying property in Spain will pay double: 100% tax ‘designed to help Spanish buyers’
The Spanish Socialist Party PSOE proposed in the parliament a new law that would require all foreigners to pay 100% of their purchase price if they bought a property. The British who purchase a house in Spain will be required to pay the exact same amount of taxes as they paid for the home. Spanish socialists have made this proposal …
Read More »Bank of Spain warns of an housing bubble, with property values up to 8,5% overvalued
Bank of Spain warns that property prices are inflated by an overvaluation. A lack of available housing coupled with rising household incomes has led to an overpricing rate between 1.1% and 8% as a national standard. The Financial Stability Report of the entity does not provide regional breakdowns, but it suggests that Madrid and Barcelona have some of their biggest …
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