House sales in Spain: Foreigners on the hunt on the Spanish coast - sales soar 62%! House sales in Spain: Foreign clients buying homes in Spain reached a record high in 2022, reaching 88,858 transactions, 46% more than in 2021. According to a study by Sonneil, Costa Blanca (Alicante) and Costa del Sol (Malaga) were the provinces where international clients bought the most properties, increasing the...
This is according to the CEO of Ibercaja, Víctor Iglesias, regarding the rental problem in Spain. The CEO of Ibercaja, Víctor Iglesias, has stated that the rental problem in Spain "must be tackled" by increasing the supply of rental housing available, "rather than reducing or limiting the amount of rent". He considered that the proposal to mobilise 50,000 Sareb homes for rent to families and young...
Learn how Spain's Luxury Property prices are developing and why you should invest now! Spain's Luxury Property prices are closed with an average of €1,921/m2 in 2022, with a year-on-year increase of 5%, according to the year-end report by idealista, the real estate marketplace in southern Europe. In the same period, the price of luxury homes, i.e. those on the market for over €1 m, ended the year with...
The deputy governor of the financial supervisor expresses concern over rising food prices. Even so, there are important facts which provide positive expectations that Spain's economy will recover. Margarita Delgado, deputy governor of the Bank of Spain, believes that Spain's economy will recover and "will regain increasing dynamism" from spring onwards as a result of "a series of factors" after a...
Where in the world are the wealthy buying homes? Spain has become one of the top choices for high net worth individuals when it comes to buying homes abroad, behind only the United States and the United Kingdom, according to Knight Frank's The Wealth Report. So, where in the world are the wealthy buying homes? We have the details. Spain is closely followed by Australia and France, the other two...
What is happening with Spanish property prices? Is it worth investing in property in Spain? We have the details. No one has a crystal ball to know exactly what the price of housing will do in the coming years, especially when totally unexpected events occur, such as the pandemic caused by COVID-19, or even the war in Ukraine. So, what is happening with Spanish property prices? Are house prices dropping...
Between January and June 2022, 328,208 home sales and purchases were recorded in Spain, levels not seen since 2008. In fact, the 163,909 sales recorded in the second quarter of this year alone are the second best result since the beginning of 2008, behind only the 164,299 recorded in the first quarter of 2022, according to the Real Estate Registry Statistics of the Association of Property Registrars,...
Spain received a total of 15.6 billion euros in foreign investment during the first half of the year 2022 (between January and June), which represents an increase of 53.4%, with the Community of Madrid being the region that leads in attracting funds from abroad, with 10,9 billion euros invested, 69.8% of the total. We have all the details of how foreign investment is looking to Spain in 2022. This is...
Average property prices exceed 2,000 euros/m2, the highest since 2008, while the average price for non-residents is at a record high of 2,480 euros/m2. Foreigners have made a strong comeback in the housing market in Spain and have regained pre-pandemic levels when it comes to both sales and purchases. According to statistics from Spanish notaries, foreigners carried out 63,934 property transactions in...
Increases have been observed since mid-February and will continue to rise until December. Easter marks the start of the period of the year in which the highest volume of journeys to holiday destinations or second homes in Spain is recorded. Although cultural tourism destinations such as Madrid, Barcelona or Seville are some of the most sought after by Spaniards to enjoy these dates, the demand for...
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