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The Valencian community, Andalusia and Catalonia are the destinations that foreigners prefer to visit more often. As a result of the coronavirus pandemic in 2020, housing sales to foreigners fell by 24.2% year-on-year, with 77,500 transactions, according to notaries. British (12.6%), Moroccans (8.3%), French (8.3%) and Germans (7.7%) bought a lot...
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The interest in moving to a more spacious house, with a large open space, garden or terrace has become one of the main changes caused by the pandemic in the Spanish real estate market. According to data by Idealista, the leading property market in Spain, Italy and Portugal, since April last year, relative demand for villas sharply increased in the...
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The pandemic has affected housing prices unevenly. The data obtained for the first three months of this year already allows us to compare the impact of the coronavirus from the moment it began, quarterly and by year. Overall, the average house sale price reached 1,789 euros per square meter in the first quarter of 2021 in Spain. During this...
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Since 2015, the municipal strategy for the construction of state-owned real estate has been aimed at changing the policy that has focused on the sale of new public housing for decades. The promotion of a new housing model with affordable rents, property rights and cohabitation guarantees the control and public ownership necessary to protect the...
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According to Savills Aguirre Newman's "What Buyers Want" report based on customers who currently want to buy property in Spain, France, Italy and Portugal, international home buyers in Southern Europe are looking for a large outdoor space, Internet connection and an eco-friendly area. Among the results of the study, conducted between February and...
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In 2020, Spaniards had to give 41% of their salary to pay for housing rent, which corresponds to the same percentage as a year earlier. The reason lies in the fact that salary and the rental price grew at almost the same rate. As a result, an average salary growth of 4.9% was offset by rent growth of 4.6%. The Relación de salarios y vivienda en...
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According to the monthly sales price report from Pisos.com, the average price for secondary housing was 2,792 euros per square meter in Madrid in April 2021. This figure increased by 1.15% compared to March, which is the second highest figure in Spain. Year-on-year growth was 5.84%, the highest in the country. Madrid was the second most...
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The average Spaniard has to devote the entire salary for 6 years to paying off the mortgage loan for their house bought in 2020. This is 2.5 months less than in 2019 (6 years and 2.5 months), according to the study "The relationship between salary and purchase of housing in 2020". It is based on the average prices for secondary housing from the...
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According to Engel & Völkers Mallorca, online requests for luxury real estate in Mallorca in the first quarter reached a record-breaking level, with an increase of 66% compared to the same period last year. The company's manager in the Balearic Islands, Florian Hofer, notes that this historical record of requests from potential buyers "is a...
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New construction projects show better results than secondary real estate. This trend may continue at least in the first half of the year. In the first quarter of 2021, property sales and purchase prices have increased by about 1% year-on-year. In the rental market, there is an opportunity to adjust the price, which in the previous quarter...
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