Notaries register 13.4 per cent rise in property sales to foreign buyers
The number of property sales to foreign resident and non-resident buyers increased by 13.4% from January to June of this year, according to recent data from the General Council of Notaries.Foreign buyers purchased a total of 50,087 properties across the country in the first six months of 2017, accounting for 19.4% of the total number of transactions. Of those, 46.6% were non-resident foreigners, an increase of 5.1% year-on-year and the ...
New off-plan properties see a surge in demand in Spain
New-build homes offer the latest designs, building processes, style and quality, and it is not surprising that off-plan property is gaining momentum on the Spanish property market.According to Daniel Cuervo, general secretary of the Spanish Association of Builders Promoters, 70% of newly developed properties were sold in the first nine months of this year.Unlike properties built 15+ years ago, developers now focus on quality rather ...
Continued growth for Spanish property sales and prices forecasted in 2018
Property sales transactions and prices will continue to rise in 2018, according to latest forecasts. Anticipa, one of Spain’s biggest real estate providers expects sales to rise by 9.3% next year to 526,000 units, up from 481,000 this year and 21% more than in 2016.Spanish property prices will have risen by a total of 6.9% by the end of this year, and are expected to rise by slightly below that, at 6.1%, which is still 27% below the peak ...
Applications for new-build properties in Spain increases by 25%
According to new figures from the Development Ministry, a total of 49,238 building applications were filed in Spain for new-build properties just in the first seven months of this year.The figure is a 24.4% increase compared to the same period in 2016 and shows a healthy property market with significant potential for further growth over the coming years. The majority of the total sum of applications - 37,039 - were for apartment blocks, up ...
Spanish property prices are increasing faster than EU and Eurozone averages
Eurostat recently reported a 5.6 per cent increase in the value of residential property in Spain over the last twelve months, compared to a 3.8% rise in the Eurozone and 4.4% in the EU as a whole.The highest annual increases in house prices in the second quarter of 2017 among the Member States were recorded in the Czech Republic (13.3%), the Republic of Ireland (10.6%) and Lituania (10.2%). The figure in Spain is an encouraging 5.6%, following ...
