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.
Every month the SPI House Price Index Tracker plots the progress of the seven most-watched house price indices in Spain, and puts them all on one page.
The latest Spanish house price indices published this month are highlighted in the chart above.
Data from the General Council of Notaries showed national average prices falling 1.9% over 12 months to the end of June, whilst figures from Tinsa, Spain’s leading appraisal company, showed the average index up an annualised 0.3% in July.
Tinsa also revealed that average house prices in mainland coastal areas rose 0.3% (leaving them down 47.5% from the peak), and by 1.7% in the Canaries and Balearics (-29.2% from the peak).
In reality the national figures are not much use to buyers and sellers who want to know what is going on in their local market segments, which can vary substantially from the national picture. They do, however, get a lot of media attention in Spain, and might influence expectations.
The latest figures published this month suggest that, as a whole, the Spanish property market is still oversupplied and vendors lack pricing power due to the quality and volume of resale homes on the market. That pushes prices down.
Everything you need to know about property in Spain
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