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.
Home sales inscribed in the Land Registry were up an annualised 28% in March 2017, led by the Costa Dorada and Barcelona, according to the latest figures from the National Institute of Statistics (INE).
Excluding subsidised housing, there were 36,332 home sales inscribed in the Land Register in March (reflecting sales closed in the previous two or three months), up 28% on the same month last year, and the largest number of March sales since 2008, when the boom was coming to an end.
March delivered a big acceleration in Spanish home sales, after annualised growth fell to just 3% in February, suggesting that the recovery in sales has not run out of steam.
As always, it’s important to bear mind that the INE’s figures are based on sales inscribed in the Land Register, not actual sales that took place in the period. As such they lag the market by about two or three months.
The strong growth in March was driven by increases in both resales (+28%) and new home sales (+19%). That is the biggest increase in new home sales since August 2010, when banks were taking over new homes from bankrupt developers (which counted as sales).
Spanish Home Sales by Region Year to Date March 2017
By selected region (where foreigners tend to buy), sales have increased the most this year in Tarragona province (Costa Dorada) +31%, followed by Barcelona +29%, so Catalonia is home to the strongest increase in demand. Sales actually fell by 4% in Las Palmas, in the Canaries.
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