International sales boom by 13.5%

Posted by on Aug 7, 2017 in News

  Newly released data from the Spanish Ministry of Development (Fomento) has shown a 13.5% year on year increase in international purchases of Spanish property. The strong sales figures are for the January to March 2017 quarter and are a good indicator for international sales for the remainder of the year. In total, 21,096 Spanish properties were sold to international buyers during the three month period. The figures indicate that well over 80,000 homes will be sold to non-domestic buyers before the end of the year. Regional insights revealed The government figures separate out domestic versus international sales on a regional basis. Overall, international purchases account for nearly one in five transactions. However, that figure is significantly higher for many Spanish regions. Alicante tops the table when it comes to the proportion of properties sold to foreigners, with 51.4% of all sales classed as international. That’s followed by 46.5% in Santa Cruz de Tenerife and 34.2% across the Balearic Islands. Kyero’s foreign sales recovery flash report provides further regional insights. A total of six areas enjoy sales to foreigners in more than 25% of transactions, while the figure is over 10% in 14 regions. The data offers excellent insights for agents looking to tailor their sales service to suit differing regional requirements. Areas on the up Also exciting for agents is the ability to see how much each region’s foreign sales have changed over the past year. Lleida has enjoyed growth in international sales of 53.1%, Castellón’s foreign sales have risen by 42.7% and those in Girona by 41.7%. Being able to view areas of particular interest in this way offers valuable insights to those seeking to capitalise on foreign interest across Spain’s different regions. Read...

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42% of owners who have rented a holiday home have succeeded to do so in the first two weeks of Advertising

Posted by on Aug 1, 2017 in News

54% of owners who rent a holiday home are women with an average age of 44 years 41% were apartments with less seniority to 20 years Andalusia is the community that more homeowners claim for rent holiday your home 63% varied the starting price to rent housing Four out of ten owners who have rented a holiday home in the past year, they have managed to do in the first two weeks of it on the market. In fact, he got 7% in the first three days, 16% within a week and 19% within two weeks of having advertised the property for rent. This follows the report “Owner who has rented a holiday home Profile” by the real estate portal Fotocasa.     “The speed and ease with which the tourist accommodation for both owners and tenants, together with the good moment that tourism in our country, are rented explained that this type of tourist rental is living a boom in big cities and tourist destinations and that more and more homeowners opting for this formula , “says Beatriz Toribio, responsible for studies. As the study showed ” x – ray housing market in 2016-2017 ” 5% of the population over 18 years participated in the rental market putting a home under this regime. Of these, 12% said they rented their homes for short periods of time. Regarding the current demand for housing, ie Spaniards who are looking for housing purchase, 2% think that allocate housing to rent holiday. The report also shows what the profile owner who has rented in the last year your home for short periods of time in Spain. Thus, 54% have been women with a mean age of 44 years and middle class. If analyzed in detail the age, is the largest group is between 35-44 years (28%), followed by 25-34 years (24%), those over 55 years (24% ), the 45-55 (21%) and finally 4% are between 18-24. Regarding who have rented housing in 41% of cases it is apartments, followed by flats (28%) and finally a 10% rent a house or chalet. In addition, 57% of households have less than 20 years old, 14% between 20 and 30 years, 11% between 30 and 50 years and 17% rent a housing over 50 years. As for the square meters of housing, 28% are between 60 and 80 meters, 26% have between 80 and 100 meters and 18% are housing between 40 and 60 meters. Regarding the rooms, 53% have three or more bedrooms, and 34% have two rooms. The report also studying how regions more owners who claim to have rented your holiday home in the last year. Thus, 22% of the owners is concentrated in Andalusia, 19% in the Community of Madrid, 12% in Catalonia, 12% in Valencia, 1% in the Basque Country and 35% in the rest autonomous communities. 63% of owners had to reduce the initial price Regarding the price, 63% of owners varied price to rent the house. On the one hand 49% lowered...

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The rental price rises 2.3% in the second quarter

Posted by on Aug 1, 2017 in News

The average rental price in June stood at 8.11 € / m2 per month The price rises in 16 regions on a quarterly basis The variation is 9.4% the price increases in 13 districts of Madrid and Barcelona three The average price of rental housing in Spain increased by 2.3% in the second quarter and places the price, to June 2017, at 8.11 € / m2 per month, according to the latest data from the Real Estate Index Fotocasa. This quarterly increase in the price of rental housing continues the upward trend that prevailed during 2016, only with the exception of the third quarter of 2016, when the price fell 2%.   “The commitment of investors by offering high returns home purchase to put in rent; the fact that many Spaniards are forced to take refuge in this market to the inability to access the home buying; the change of mentality in favor of this lifestyle and the boom of tourism rent are the factors behind the strong tensions that records the rental price. Although the biggest gains are concentrated in Catalonia, Madrid and the main tourist areas fotocasa data highlight that month rise in rents is widespread throughout the country , “explains Beatriz Toribio, responsible for studies. In the second quarter the rental price increases by 16 autonomous communities on a quarterly basis and 16 yoy. In fact, the annual variation recorded the second quarter (9.4%) is the highest in the whole historical series of real estate index, dating back to 2006. It was last March 2017 when it registered the highest of all the time series, namely 10.5% year change. It should also be noted that the rental price increases leading to post positive quarterly level for eight months, from November 2016, yoy and 28 consecutive months, namely from March 2015. Since prices peaked in May 2007 (10,12 € / m2 per month) the price of housing has accumulated a fall of -19.9%. In this regard, nine regions recorded declines greater than -20% since they reached the maximum price nine years ago. Thus, Aragon is the community that has seen the rental price down (-38.4%), followed by Castilla-La Mancha (-32.3%), Cantabria (-30.6%), La Rioja (- 27.2%), Asturias (-25.6%), Galicia (-24.6%), Valencia (-23.9%), Murcia (-21.8%) and Andalusia (-20.5% ). By region, in the second quarter 16 increases were recorded in the rental price, with increases ranging from 7.3% to 0.4% of Murcia Catalonia. Read...

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The price of second-hand housing up by 1.8% in the second quarter

Posted by on Aug 1, 2017 in News

The housing price increases quarterly in 12 regions Interannual, price 4.5%, increases the biggest increase since May 2007 The interannual price rises above 10% in six districts of Madrid and above 20% in four districts of Barcelona   The price of second – hand housing in Spain recorded an increase of 1.8% in the second quarter and places the price, to June 2017, at 1,694 € / m2, according to data from real estate index Fotocasa. The increase this second quarter is the defendant who recorded the index since the second quarter of 2006, when the price increased 2.7%. “Since the year began, the index is registering increases in the price of housing for sale reflecting the sector’s recovery. But these increases are not widespread throughout the country and even in some communities more than 10%, prices are still far from the pre-crisis highs. The housing market is recovering, but the trend is towards normalization after very difficult years of adjustment , “says Beatriz Toribio, responsible for studies. the highest annual variation recorded since May 2007 A year level , the price of second – hand housing in Spain increased by 4.5% and is the largest annual increase recorded in the history of the real estate index since May 2007, when prices grew by 5.4%. Also, this is the ninth consecutive increase as to year variations. And since last October 2016 the annual change has continued to increase, reaching 4.5% recorded this June 2017. The price of housing in Spain reached a record high in April 2007 with a value of 2,952 € / m2. Since then he has accumulated a decline of -42.6%. Communities experiencing a greater drop from highs are La Rioja, with a cumulative decline of -57.3%, Navarra (-52.9%), Castilla-La Macha (51.5%), Aragon (51.3% ) and Murcia (-49.8%). Read...

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