Insight into the Spanish property market, guides to help you make informed decisions, and a directory of real estate professionals and home service providers from a source you can trust.
This is a website for buyers, owners, and sellers of property in Spain, offering reliable information and resources to help you get things done with confidence. It is run by Mark Stücklin, author of the Spanish Property Doctor Column in The Sunday Times (2005-2008), and the book ‘Need to Know: Buying Property in Spain’ published by Collins.
When you buy or sell property in Spain the sums of money are large, perhaps one of the biggest financial decisions of your life. The high transaction costs you will face like taxes and commissions only make the decision more important to get right. And when you own property in Spain you face a host of extra challenges to manage, and costs to control. Unfortunately, the Spanish property market is opaque and full of pitfalls, and notoriously unprofessional. Buying and selling property in Spain is not a decision to be taken lightly, and you may find it much easier to buy than sell if you don’t take care. In this market it is crucial to do your own research, and don’t rely exclusively on people who are trying to sell you something – let’s just say they might not have your best interests at heart. Spanish Property Insight is the only independent source of information and analysis of the Spanish property market. Don’t even think about buying or selling property in Spain without subscribing to Spanish Property Insight.
The latest house price index from the Spanish property portal Idealista, based on resale asking prices, was down 3.6% in April.
On a monthly basis prices were down 0.8% to an average of 1,539 €/m2, but up in Madrid, Andalusia and the Valencian Community, and down in the Canaries, Catalonia, and Murcia.
This just goes to show that, taken as a whole, the Spanish property market still is still beset by weakness, with too many vendors and not enough buyers. Other indices I track (see chart above, latest Idealista figure highlighted) have also turned down of late, though the monthly figures are volatile and you can’t read too much into them.
The problem with looking at national aggregate figures like this, is they tell you nothing about local markets, which is more relevant to buyers and sellers.
The aggregate figures are useful for national accounting, for understanding the overall trend (which can influence local markets), and for getting an idea of the balance sheet of the country as a whole, and in particular the banking system, but not much use to buyers and sellers who want to know what is going on in their local area of interest.
The fact is the market today has pockets of despair and pockets of exuberance, it all depends what and where.
Everything you need to know about property in Spain
Login or Register to read articles without any adverts in the text.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.