Spanish house prices are rising faster than EU and Eurozone averages, according to the latest house price report by EU statistic department Eurostat.
From the second quarter (Q2) of 2016 to Q2 2017, average residential property prices grew by 3.8% in the Eurozone and 4.4% in the EU, whilst prices in Spain rose by an average of 5.6% and by 2% in Q2 2017 alone.
The Czech Republic saw house prices grow by 13.3% in Q2, the highest increase in the Eurozone, whilst the Republic of Ireland followed with a 10.6% rise and Lithuania with 10.2%. Read more »
Mijas council is expecting to receive millions of Euros of investment from British buyers snapping up property in the area, says Mijas’ Mayor Juan Carlos Maldonado.
The pretty mountain town of Mijas has recently seen an influx of British property buyers looking for real estate investments and development opportunities.
“This council team has managed to instill confidence in British buyers to come and spend their money in our municipality,” says Maldonado. Read more »
The Mayor of Marbella, Angeles Muñoz, has met with local hotel owners to discuss new tourism strategies for the town, reports RTN Newspaper.
“The objective [of the meeting] is to agree with them the whole town’s tourist policy and get across that our presence at national and international fairs goes hand in hand with the hotel sector and then we can combine everyone’s interests,” Muñoz said. Read more »
Marbella and Mijas are among the top three destinations in Spain for Brits looking to purchase a second home, according to a report by leading home builder Taylor Wimpey.
Marbella and Mijas in Malaga Province are the second and third most favoured areas, just behind Torrevieja in Alicante which took the top spot, reports The Olive Press.
Thanks to the short flying time to the UK and ‘superb flight connections all year round’ Marbella has long been a popular destination for British holiday makers, but it would now seem that Brits are wanting a more permanent place in the sun to call their own. Read more »
Unemployment levels in Spain have dropped by 8.3% over the past 12 months, despite a small seasonal increase in September, new figures from the Ministry of Employment show.
Unemployment levels are known to increase in September, a trend which often occurs following the summer season when seasonal job contracts end. So it will come as no surprise that this was the case last month when the number of people officially registered as unemployed rose by a slight 0.82% (27,878) to 3,410,182, the lowest September total for eight years. Read more »
Bank of Spain issues insight to its property market quarterly review.
Earlier this week the Bank of Spain published a summary of the country’s current housing market situation, data which will form part of its upcoming quarterly review, reports online newspaper The Corner, and it makes for interesting reading. Read more »
Catalunya, the Balearic Islands and Andalucía were named as the top three most visited regions in Spain in August, accounting for just over 60% of the total number of tourists visiting the country.
In August, the number of tourists visiting Spain reached an all time high of just under 10.43 million, according to data published by the government’s central statistics unit, and if upward trends are anything to go by the tourist sector shows no sign of slowing down. Read more »
Property mortgage activity rose across all of Spain’s 17 regions in July, following a rise in Spanish property sales, according to Spain’s central statistics unit (INE).
During July, property sales in Spain rose by 16.8% so it may come as no surprise that the number of new mortgages constituted in July also rose; compared with the same month last year the number of mortgages granted rose by 32.9% to reach 24,863. Read more »