Modern Villas in Mijas | from €540,000 | Click image for details
With rising visitor numbers and a buoyant rentals market, letting out a property in Spain can be a lucrative business. Yet, out of the 25 million homes in Spain around 3.2 million (or 13%) are empty, says a report by real estate property portal piso.com.
Many property owners keep their second homes for personal use only, which means for a majority of the year they are left empty. Owners of empty properties in Spain are potentially missing out on €33.4 billion a year in rental income, the report says. Read more »
Boutique Apartments in Marbella | from €860,000 | Click image for details
A rise in the number of property sales across Spain during the month of June was accompanied by a rise in mortgage activity, new figures show.
Residential property sales grew by 1.8% in June to reach 44,692 transactions, according to government statistics, accompanied by a 3.9% rise in the number of approved mortgage loans. Read more »
Luxury Villa for Sale in Cabopino, Marbella | from €970,000 | Click image for details
The Marbella property market is changing beyond recognition and so is the traditional buyer profile.
In the first quarter of the year, property sales in the Malaga province rose by nearly 5% and the number of non-Spaniards buying property on the Costa del Sol rose by an impressive 31%, compared to 28% the year before, according to the National Statistics Institute. Read more »
Frontline Golf Apartments for sale in Casares | from €169,000 | Click image for details
Lower costs for holiday makers and a chance to earn money for owners are just two of the benefits of short-term property rental platforms such as Airbnb and HomeAway, says Spain’s National Commission on Markets and Competition (CNMC).
The popularity of short term property rental websites has exploded over the past few years as holidaymakers seek cheaper and alternative accommodation. Airbnb, one of the biggest players in the short term accommodation market, has receive some negative press of late Read more »
Exclusive Apartments in Estepona | from €232,000 | click on image for details
Spanish property prices rose by 4.3% in the last 12 months and if upward trends continue further rises are likely to follow.
Since the market bottomed out in February 2015, Spanish property prices have grown by 10.6%, according to latest data published by property valuation firm Tinsa, testament that confidence has undoubtedly returned to the Spanish property market. Read more »