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According to the National Institute of Statistics of Spain (INE), from January to November 2022, sales of residential real estate in Spain reached 606,124 transactions. This achievement not only exceeds the result of 2021, but also practically sets a historical record for the local market. The only year that was able to record an even greater...
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The volume of purchases of Spanish residential property by foreigners increased by 44% over the year
Foreigners continued to actively buy housing in Spain. At the end of the third quarter of 2022, the number of real estate transactions with this category of buyers increased by 23% year-on-year. More specifically, according to the Ministry of Transport, Mobility and Urban Development, in the third quarter of 2021, foreigners, both residents and...
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The European Central Bank (ECB) predicts that interest rates on lending, the growth of which has seriously increased since July 2022, will not reach the peak of growth until at least the summer of 2023. Along with the general slowdown in the global economy, the continuing rise in inflation, rising prices for raw materials and energy, as well as the...
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About 55,000 real estate agencies in Spain are on high alert. The market, quite suddenly, faced another manifestation of a shortage in the market — most of the apartments in the country are sold out. After the active phase of the pandemic, against the backdrop of the economic recovery of 2021, and then driven by the crisis that began in 2022, tens...
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According to a report published at the end of 2022 by the Idealista real estate portal, the average rental rate for residential real estate in Malaga increased by 20.7% year-on-year. Thus, the rent per square meter of housing per month has reached the level of 12 euros. This is three times higher than the inflation rate recorded in Malaga over the...
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The state of the Spanish real estate market at the beginning of 2023 clearly demonstrates that for many, buying their own homes remains an almost unattainable dream. Prices for both old and new housing continue to grow, and at the end of 2022 there was an annual price increase of 7.1%. This has not been observed since 2007, the last «price bubble»...
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Record inflation, rising interest rates, rising prices for raw materials and energy, problems in the labor market and a drop in the income of the population — all this undoubtedly left its mark on the development of the Spanish real estate market in 2022 and its prospects in 2023. However, all these factors, and more, did not lead to the collapse...
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Both 2022 and 2023 marked the largest change in the monetary policy of the European Central Bank (ECB) over the past 5 years. This, as you might guess, is due to an increase in interest rates. The last increase put 50 basis points. This is less than the initial 75 points and forced many to start building hopes for an end to the rate hike, but the...
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The latest data on the Spanish real estate market indicate a stabilization of the situation and a gradual movement towards a balance between supply and demand. The coming period for the market will be marked by the cessation of disorderly price growth, sharp falls and record volumes of real estate transactions, which will be expressed in the...
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ist destination and having established itself as a good «quiet bay» for the savings of international investors, the local real estate market has acquired a wide and wealthy customer base. The premium housing segment of the country plays a special role in the growth foundation. It attracts the attention of both large investors and ordinary...
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