The price of second-hand housing rose by 0.4% in July

Posted by on Aug 18, 2017 in News

Nationally, the price rises in nine regions The price of second-hand housing stands at 1,700 € / m2 in July 24 provinces the price increase in July Price increases in 14 districts of Madrid and Barcelona eight   The average price of resale property in Spain is in July at 1,700 € / m2 and recorded a monthly increase of 0.4%, according to data from real estate portal Fotocasa . This slight increase shows a month, the price of second – hand housing is stabilizing and we are leaving behind big price drops we have attended in recent years. Regarding the interannual variation, the price to July 2017 increased by 4.6% over last year and is the tenth consecutive annual increase. It is also the sharpest since May 2007 year increase when the price rose 5.4%. “In the first half of the year it has consolidated the recovery of the housing market and that prices are moving. A housing demand by foreigners, has joined the internal thanks to the improved economic context and the return of funding. All indications are that good economic forecasts for the remainder of the year will allow the revival of the real estate sector takes hold, although the recovery will be very uneven and go through areas , “says Beatriz Toribio. The average price of second-hand housing in Spain has accumulated a fall of -42.4% since its record high recorded in April 2007 with 2,952 € / m2. In this regard, 11 autonomous communities have fallen to -40% higher since reaching the maximum price ten years ago. Thus, the Rioja is the community that has seen the price drop (-56.9%), followed by Navarra (53.4%), Castilla-La Mancha (-51.6%), Aragon (-51.4 %), Murcia (-49.9%), Asturias (-46.8%), Valencia (-46.1%), Cantabria (-43.2%), Catalonia (-42%), Madrid (- 41.5%) and Extremadura (-41%). The price increases in nine regions Of the 17 regions in July the average price of second-hand housing rises in nine of them. The most marked increase occurs in Catalonia, La Rioja, up 0.8% in both communities, followed Balearic and Canary (0.7%), Andalusia (0.6%) and Extremadura (0.5%). At the other extreme, Navarra is the community that sees drop the price of second-hand housing in July, namely -1%, followed by Galicia (-0.6%) and Castilla-La Mancha (-0, 3%) and Murcia (-0.2%). Read...

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Johan Cruyff’s house for sale in fotocasa for 5.3 million Euros

Posted by on Aug 13, 2017 in News

The house has nine bedrooms and seven bathrooms It is a renovated house that was built in 1936 and maintains the original style It is located in a prime location The house where he lived Johan Cruyff in Barcelona for years is for sale on the real estate portal Fotocasa for 5,300,000 euros. The house is situated in one of the most exclusive neighborhoods of Barcelona, Sarria – Sant Gervasi. The property was built in 1936 and has been renovated maintaining the original details of construction. The interior has 594 square meters spread over four floors with a total of nine bedrooms and seven bathrooms, withwine cellar, large terraces and private garden. Inside the house is a spectacular staircase which organizes and distributes the house plants. Located in the heart of Bonanova, the house is cared for in every detail and refurbished with high quality materials and respecting the original style. It has a privileged location surrounded by his good sun orientation winds. Read...

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House Prices Continue To Rise

Posted by on Aug 13, 2017 in News

  June 2017 data reflects improving Spanish economy The median asking price in Spain has now reached €230,000, according to Kyero’s June 2017 data. The rise represents year on year growth of 3.3%. While that rate has slowed since last month, Kyero remains confident in its expectation that prices will continue to grow steadily over the months ahead. Despite British buyers showing their post-Brexit vote nerves, Spain’s property market outlook remains healthy. Buyers from elsewhere in Europe are picking up the slack from the UK, providing agents with plenty of opportunity to refocus their target markets accordingly. In the background, Spain’s economy continues to improve steadily, with no obvious headwinds looking likely to change things. Regional winners As ever, Spain continues to show wide regional variations when it comes to shifts in asking prices. Kyero’s June data reflects budget adjustments, as buyers’ attention moves away from high end homes towards more affordable alternatives. Malaga is an excellent example of this, with glitzy Marbella experiencing asking price falls of 4.2%, while Mijas Costa prices shot up by 21.6%. The picture isn’t entirely uniform in Malaga though, with pricey Benahavis enjoying an asking price increase of 23.6%. The fluctuations reflect the shifting patterns of changing buyer trends and priorities as the Spanish market adjusts to a new balance of international interest. Other key regional winners in terms of price rises in June included Platja D’aro in Gerona, with an annual increase of 33.5%, Tenerife’s Adeje (30.2%), Sant Josep de sa Talaia on the island of Ibiza (29.2%) and Port De Pollenca, Mallorca (22.9%). When examined at a provincial level, the data reveals the continuing popularity of Ibiza, which has enjoyed the greatest annual price increase of any province, at a stellar rate of 32.8%. The island is well ahead of the next nearest contender – Tenerife – which experienced asking price growth of 12.0% over the same period. Gran Canaria took third place, with price growth of 11.3%. The figures reflect the ongoing popularity of the Spanish islands with both overseas and domestic buyers. Regional losers Despite the general growth across the province over the past year (of 7.2%), Mallorca has also experienced some notable declines in asking price. The most significant has been in Andratx, where prices have fallen more than in any other region over the past 12 months, dropping by 16.0% in total. Prices in Salobrena, Granada showed the next largest fall, dropping by 11.7% over the year. Notable price falls were also seen in Frigiliana (8.3%), Sant Antoni De Calonge (7.6%) and Sotogrande (7.2%). Alicante slowdown A key factor in the overall slowdown in asking price growth has been the unfolding tale in Alicante. As home to the Costa Blanca, Alicante has long been considered the epicentre for international investors. While prices there have continued to grow over the past year, the rate of growth fell to...

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Foreign Buyer Enquiries Increase 13%

Posted by on Aug 7, 2017 in News

June 2017 data reveals substantial growth of German, Dutch, Belgian and Swedish buyers Recently released data has confirmed the continuing trend of higher visitor numbers to Kyero, with 570,722 unique visitors to the site in June – an increase of 36.2% year on year. Those visitors generated an impressive 57,451 leads for agents during the month, representing a rise of 13% over the year before. Kyero’s June 2017 International Buyer Trends report also highlighted four countries as enjoying significant growth in enquiry volume, as Swedish, German, Belgian and Dutch buyers all pursue their dream of Spanish home ownership. Other countries – both within Europe and beyond – have also recorded a steady upward trend in the number of those searching for the perfect Spanish property. Strength in numbers While Spain has always been popular with UK buyers, the Brexit process made many agents nervous about the potential future of Brits buying overseas. However, UK enquiry numbers continue to rise, increasing 11.7% in the year to June 2017. It’s a good, stable rate of growth given the circumstances, but it has been dwarfed by the level of interest from other European nations. Sweden leads the field, with a 73.2% year on year surge in enquiry numbers. German enquiries came a close second, climbing by 68.4% over the same period. Belgian enquiries followed with 65.9% growth, then Dutch enquiries at 61.1%. The figures show that four of the top ten nationalities enquiring into buying Spanish property recorded annual growth of more than 60%. Nine of the top ten recorded growth of over 30%, reflecting the significant level of interest in Spanish property at present. Shifting destinations The UK continues to top the list of enquiries into Spanish property, with 150,100 website visitors in June. The next largest group of international buyers is those from Germany, accounting for 42,295 visitors during the month, followed by France with 40,487 visitors. By offering its services in 13 languages, Kyero is well positioned to enable agents to gain maximum benefit from this trend. Brexit is far from the only factor to affect international buying patterns in Spain. The warmer summer weather is also having a seasonal impact, with buyers shifting their focus away from the Spanish islands and towards mainland hotspots. While Torrevieja and Playa Del Ingles hold fast as the top two most popular locations, Alicante has shot up the ranks to third place. Chiclana de la Frontera is also enjoying a surge in popularity at present, as buyers seek out the pleasures of Spain’s western coastline. A tale of two budgets When it comes to property price, buyers seem to fall within a range of budget options at present. Of the top ten most popular regions, the lowest priced continues to be Torrevieja, with an average value of €129,000. The highest is Sant Josep de sa Talaia in Ibiza, where the average price is a...

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International sales boom by 13.5%

Posted by on Aug 7, 2017 in News

Q1 2017 data reveals a strong start to the year for international sales 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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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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