Category: Economy

The average price of newly built housing increased 3.8% in the third quarter of 2019

The average price of newly built housing increased 3.8% in the third quarter of 2019

Source: Real Estate and Construction Observatory

The average price of newly built housing increased 3.8% in the third quarter of 2019

The average price of newly built housing increased 3.8% in the third quarter of 2019

The average price of newly built housing in Spain, both new and used, has increased by 3.8% year-on-year in the third quarter of the year, according to the provisional data from the Tinsa IMIE Local Markets statistics.

At the national level, housing chains its 12th consecutive quarter of higher prices, which puts the average rise at 14.2% since it hit its low in the crisis. Regarding the maximum values of 2007, housing accumulates an average fall of 33.3% in Spain.

By Autonomous Communities, it is worth mentioning Navarra for being the only one that rose more than 5% year-on-year in the third quarter. It is followed by Aragón with an increase of 4%, and the Basque Country and Valencia, both with 3.9%.

Purchases of property by foreigners increase in the second quarter of 2019

Purchases of property by foreigners increase in the second quarter and exceed 16,000 units sold

SOURCE: Real Estate and Construction Observatory

Purchases of property by foreigners increase in the second quarter and exceed 16,000 units sold

Purchases of property by foreigners increase in the second quarter and exceed 16,000 units sold

Purchases by foreigners accounted for 12.5% ​​of the total sales in the second quarter, compared to 12.3% recorded in the previous quarter. This percentage in units sold represents more than 16,000 purchases, figures close to the maximum in recent years, according to the Real Estate Registry Statistics.

Regarding the last twelve months, foreign demand has symbolized 12.4%, which confirms it as “a very favorable factor in the dynamics of the residential real estate market in Spain”.

By nationalities, in relative terms, the British continue to lead with 13.31% of foreign purchases. However, this data is the lowest in the historical series and thus represents the progressive decline in British demand in the Spanish residential market. In absolute terms, they made 2,140 purchases in the second quarter compared to 2,200 in the previous one.

The second position is occupied by French with 7.62% of purchases by foreigners, while in the first quarter it was 7.56%. In absolute terms they have registered 1,225 home purchases in the second quarter of the year, slightly above the 1,200 in the first quarter.

Third, there are Germans with 7.30% of purchases by foreigners, above 6.89% in the previous quarter, with 1,174 home purchases.

After these first three nationalities are Moroccans with 6.48%, Romanians with 6.09%, Belgians with 5.89%, Italians with 5.29% and Swedes with 4.46%.

By autonomous communities, purchases of foreigners maintain the leadership in the Balearic and Canary Islands, where foreigners buy 27.49% and 26.57%, respectively.

On the other hand, the provincial results ratify the leadership of Alicante, with a 41.81% purchase of housing by foreigners. It is followed by Tenerife with 28.91% and Malaga with 27.9%.

Annual evolution of housing prices second quarter of 2018

Annual evolution of housing prices second quarter of 2018

Annual evolution of housing prices second quarter of 2018

Source: National Institute of Statistics (INE)

The annual variation of the Housing Price Index (IPV) in the second quarter of 2018 increases six tenths and stands at 6.8%.

By type of housing, the rate of new housing prices is 5.7%, which is the same as in the previous quarter.

On the other hand, the annual variation of second-hand housing increases seven tenths, up to 7.0%.

Access the report of the National Institute of Statistics (INE)

The sale of homes in the Valencian Community increased by 6.2% regarding August 2017

National Institute of Statistics (INE)

The sale of homes in the Valencian Community increased by 6.2% regarding August 2017

Source: National Institute of Statistics (INE)

The number of purchases of homes in the Valencian Community increased by 6.2% compared to August 2017 according to data from the National Institute of Statistics (INE)

90.1% of the homes transmitted by purchase and sale in August are free and in annual terms, the number of free homes transmitted by purchase increased by 6.2%.

18.3% of homes transmitted by purchase in August are new and 81.7% used.

Spain is among the top 20 countries in transparency in the real estate sector in 2018

Spain is among the top 20 countries in transparency in the real estate sector in 2018

Spain is among the top 20 countries in transparency in the real estate sector in 2018

Source: Jones Lang LaSalle, IP, Inc.

Spain ranks among the first twenty countries in the world in terms of transparency in the real estate sector, according to the biennial survey Real Estate Transparency Index 2018 (GRETI), by its acronym in English) conducted by the property consultant Jones Lang LaSalle. Specifically, our country scales three places compared to the edition published in 2016, ranking 19th.

Spain is in the top 10 in the use of technology applied to the real estate sector

“Transparency in the real estate sector plays an increasingly important role. In fact, a good part of the health of the sector is, together with legal security and technology, closely related to said quality, ”

“The increase in information and the quality of it are crucial when making investment decisions, especially for those investors who set their sights on new markets such as Spain.”

Towards a more transparent market

“The ranking by countries, led by the United Kingdom, Australia and the United States, places Spain in an advantageous position compared to other markets with similar characteristics. The good work done during these last two years, both from public and private institutions, has placed our country in the focus of foreign investors. The influx of foreign capital is undoubtedly the best news for the sector to continue growing and becoming professional “,

Technology, ready to break into the real estate market

The technology and the application of the same in the real estate sector is a reality and already begins to provide the first results. The use of new technologies, innovation and digitalization – better known as Protech (Property Technology) – is one of the main reasons why Spain has climbed positions within the transparency ranking, since according to the 10th edition of GRETI 2018 , Spain is in the top 10 in the use of technologies applied to real estate. Specifically, our country occupies the sixth place, ahead of other countries such as France, Ireland, Italy or Portugal. The United States, the Netherlands and Canada lead the ranking.

XI Dénia Boat Show

XI Dénia Boat Show

XI Dénia Boat Show

The XI edition of the Dénia Boat Show will be held from April 27 to May 1 at the Marina and Tourist Marina of Dénia.

To this day, the main nautical firms will be present at the event.

Among the objectives of the contest is to show the possibilities of nautical tourism of the northern Costa Blanca, as an important source of wealth and employment.

In this new edition we continue towards the consolidation of nautical experiences. A challenge that will benefit both exhibitors and fans, athletes, supporters of the sea, nautical, gastronomy, good weather, leisure and excellent infrastructure of the northern Costa Blanca.

The contest counts on the sponsorship of the City council of Dénia, Pantaenius Spain and Maremoto.

The price of second hand homes in Costa Blanca north rose by 3.9% quarter-on-quarter 2018

Costa Blanca north used housing price rose 3.9% quarter-on-quarter 2018

Author: Holidaydream

The price of the used house in the north of the Costa Blanca registered an increase of 3.9% quarter-on-quarter during the first quarter of 2018. The annual variation, the increase is of 7.1%.

The price of the used house in Spain registered an increase of 2.2% quarter-on-quarter during the first quarter of 2018. This advance leaves the square meter at 1,621 euros according to the latest idealist price index. Considering the annual variation, the increase is 7.1%.

Steps to declare the rent in the Rent 2017

Steps to declare the rent in the Rent 2017

Author: Idealista

Living rent is an option increasingly chosen as a housing solution. There are many owners who put their homes on lease looking for a return.

Therefore, we must take into account how to make the 2017 income statement since the rent on this year’s income statement has a specific weight. We explain to you in a visual way and with the help of the Legal Attic office the steps that both the landlord and the tenant have to give to declare the rent in the rent.

Fab Time To Buy Costa Blanca North Property, as Pound Strengthens

Pure FX / Foreign Exchange Specialist

By Peter Lavelle at foreign exchange broker Pure FX

Fab Time To Buy Costa Blanca North Property, as Pound Strengthens

Do you intend to buy a property on the Costa Blanca North this year? If so, whether you’ve got your heart set on a 2-bedroom apartment next to La Sella Golf Resort in Denia for 75.000€, or a luxury 3-bedroom villa with a private pool and sea views in Calpe for 670.000€, you’ll want to transfer your money to Spain at a fantastic exchange rate.

After all, when the pound is flying high versus the Eurozone’s common currency, you receive far more euros in your Spanish bank account, to buy your dream Costa Blanca North property! So how can you get a great exchange rate?

Pound Hits 9-Week High, Cutting Your Costs To Buy Costa Blanca North Property

Well, the good news if you plan to buy real estate in Denia, Javea, or Moraira this year is that the exchange rate recently hit a 9-week high. To be specific, this week the pound to euro interbank exchange rate flew up to 1.1375, its strongest since July 14th.

With this in mind, if you transfer money from the UK to your Spanish bank account to buy a Costa Blanca North property, you’ll receive a higher euro total than any time in the recent past! By contrast, back on August 29th, the exchange rate was as low as 1.0790. Hence, sterling has since rocketed up a fantastic +5 cents!

Buy to rent, the profitability of housing in the Costa Blanca North reaches 7.3% in the second quarter 2017

Buy to rent, the rentability of housing in the Costa Blanca North reaches 7.3% in the second quarter 2017

Buy to rent, the profitability of housing in the Costa Blanca North reaches 7.3% in the second quarter 2017

Author: Real Estate Agency holidaydream

Profitability of housing, Real estate investment in the Costa Blanca North has increased to 7.3% in the second quarter of 2017, compared to 5.5% a year ago, due to the strengthening of demand for rentals.

Continues to offer rates of return tripling in the worst case, that of government bonds 10 years of banking products.