Holiday Price Rise Next Year According to Thomas Cook

Spanish Popularity My Lead to 5% Holiday Price Rise Next Year According to Thomas Cook

Malaga airport has broken all records again for

tourists visiting the Costa Del Sol 

Leading travel agent Thomas Cook told British holidaymakers that the average trip to Spain in 2018 will cost around 5-10% more than it did compared to last year because of the increased demand and the pound being weaker.

As British, Irish, and Scandinavian holidaymakers begin to forgo other areas of the Mediterranean due to the threat of terrorism, Spain has seen record numbers of visitors. The official data shows that 2017 was the best year ever for Spanish tourism. This increase in demand also means that supply may have trouble keeping up however. This is why Thomas Cook believes holidays may be up to 10% more expensive in 2018.

Thomas Cook remarked that there was evidence holidaymakers will continue to snub Egypt and Turkey – despite the resorts in those countries being cheaper than Spanish resorts. Safety will always win over affordability, according to the travel agent. While the pound may weaken against the euro even more next year, the amount of British visitors going to Spain in 2018 isn’t likely to change, according to Thomas Cook Chief Executive Peter Fankhauser.

The executive also added that Spanish hoteliers are to take advantage of the unique position Spain is in by increasing their prices, but did add that many of them would use the additional profits to improve their facilities and expand upon them to guarantee long-term gains over short-term profits.

Spanish Property Prices to Rise 6% This Year

Property Prices to Rise 6% This Year

Property prices continue to rise

The world’s largest real estate service CBRE published a report this week detailing a bold production that Spanish property prices could rise by up to 6% on average across 2017.

The CBRE data builds on the positive news from May suggesting average property prices increased 5.3% more than in 2016. This positive trend is expected to continue across the year for the rest of the country at the most, and certainly in the places where there’s the highest demands for property.

This includes the coastal regions of the Costa del Sol, Costa Brava, the Costa Blanca, the Balearic and Canary Islands, and the major cities of Barcelona, Madrid, Malaga, and Valencia.

These regions are expected to see sustained demand for property and steady price increases, and are expected to see an increase in building activity. CBRE forecasts demand for new builds will reach between 120,000 and 140,000 properties a year by next year, meaning that regions such as the Costa del Sol – where demand is beginning to outstrip supply – could get the developments and urbanisations they need.

There is also some positive rumblings coming from the rental market – which is typically an accurate example of how healthy the Spanish property market is.

CBRE expects the demand for rentals will increase an average of 1.5% nationally, while the annual return on investment in stronger property markets is likely to stay around 5% - likely causing an increase in buy-to-lethome purchases.

Leading Bank Predicts 2.5% Rise in Spanish Property Prices This Year

Leading Bank Predicts 2.5% Rise in Spanish Property Prices This Year

The future is looking bright for property owners in Spain

Leading bank BBVA – in their latest property market analysis – predicted Spanish property prices are due for an average increase of 2.5% this year, with the Spanish economy continuing to improve and the number of unsold homes continuing to dwindle.

Conditions as far as both metrics went improved drastically during 2016. It’s expected that Spanish GDP will grow another 3% during this year, putting many domestic and international buyers alike in the perfect position to buy their Spanish home in 2017.

BBVA bank also expects that – as a result of low mortgage rates and reduced numbers of unsold properties – that more property transactions will take place this year. It might not be as sharp as the 13.5% increase from 2016 (which some experts believe could be actually be as high as 19%), but it will still be impressive.

All in all, it’s expected that over half a million properties could be sold in Spain during 2017, with many of these purchases financed through Spanish mortgages. BBVA did issue a warning that these low interest rates aren’t forever, and are already expected a downturn in the amount of mortgages issued in 2018 as interest rates start crawling up.

Spanish Home Values Rise 10% in Three Years

Spanish Home Values Rise 10% in Three Years

The latest data from the National Statistics Institute (INE) about the Spanish real estate market shows average home values have increased 10.8% in Spain during the past three years.

The property market is on the rise, take a viewing trip

with Costa Del Sol Property Group

In just 2016, the housing price index in Spain showed that house prices were up 4% by the end of the third quarter over the same period of time in 2015. As such house prices have increased by an average of 4% each year since 2014, which is when they bottomed out.

The increase in house prices in Spain is both a driving factor for – and a result of – the increased amount of interest in buying and selling Spanish property. Growth was stunted during the recession between 2007 and 2014, which eliminated confidence in the industry. Spain has since come out on the other end of these dark times.

Many of these transactions are due to an increase in foreign demand for Spanish property, which was still there for the recession. The data from the INE also suggests that there is another positive trend developing in the form of housing starts; people buying their first homes.

This figure rose above 60,000 during 2016, and it’s expected that some 67,000 first homes will be bought in 2017. The housing market right now is a perfect cocktail for the first buy market; the economy is stronger, there’s more job security, better mortgages, and a growing but affordable property market. There’s never been a better time for property investment.

New housing starts grew 32% in 2016 compared to 2015. The result is that only 17.5% of young Spaniards are currently living in rented accommodations.

It’s becoming tougher to find rented accommodation in Spain. Spain has the fewest amount of homes for rent in the entirety of Western Europe, with only 2% of accommodations in Spain up for rent.

Spanish Property Prices Predicted to Rise Over Next Four Years

Spanish Property Prices Predicted to Rise Over Next Four Years

Great news as the recovery continues, and the Costa Del Sol

is the place to buy

Acuña & Asociados recently did a statistical analysis of the Spanish property market that forecasted steady rises in property prices through 2020, with an average increase of 5% occurring from 2018.

The report, which is the 20^th such annual assessment of the Spanish real estate market by the firm, suggests that average property prices will have increased by 2.3% between the start o the year and the end. The trend will then carry over into 2017 as average values increase by up to 5% by 2018, and could potentially rise even higher in 2019 and 2020.

Of course it’s not easy to predict how the Spanish property market will behave across four years, but if you take a look at 2014 you’ll see there is evidence of a trend. Since leaving the recession the property market in Spain has grown alongside the economy and job market.

Property prices in Spain tend to be cyclical, which would suggest that the upward trajectory currently being enjoyed could last few at least the next few years. Given the gradual nature of the recovery it’s less likely that the bubble will burst in 2020. Instead it’s likely that the prices could flatline, or just grow at a slower rate.

It’s impossible to say what will happen for sure, but the Acuña & Asociados experts have made their own educated guess and expect that there will be much more stability in the years between 2016 and 2020 than was seen in the years between 2008 and 2012.

The analysts also expect that this market development will lead to greater investment in new build property, as the stock of new housing in the most popular areas of Spain has become exhausted. Around 82,000 properties were built in 2016, and there is likely going to be more built over the next few years.

More data came from the property figures for October from Spain’s Notaries. The latest data suggests that the average price per square metre of property in October rose 1.5% over last October to €1,275. The average loan was also on the up, rising 0.9% to €125,138, which suggests that mortgage lenders are becoming more generous as the conditions continue to improve.

Mortgage Activity Continues to Rise in Spain for 24th Straight Month

Mortgage Activity Continues to Rise in Spain for 24th Straight Month.

Banks have become more generous with lending their money and buyers are becoming more generous with spending their money. There’s never been a better time for Spanish property.

Buying Property in Spain is becoming easier as

bank are lending again

All the signs that the Spanish property market is looking healthy are there; the economic data, real estate research and surveys, and even your own eyes can see that urbanisations are becoming fuller, roads are becoming busier, and those expat bubbles are continuing to expand across the Mediterranean.

New figures published by the Spanish Central Statistics Unit last week further proved that the country is definitely in the middle of a strong recovery.

The most recent figures come from May and they show that 34% more mortgages were approved for Spanish property over May of 2015. This increase was also the 24^th straight increase – a growth period of two whole years for Spanish mortgages.

There were a total of 26,579 mortgages approved in May, bringing the total number of new mortgages for the period leading up to May 2016 up to 121,000; an increase of 19.7% over the same period of time in 2015.

Looking back over the past 12 months showed the statisticians that there was a 20% increase over last year with 265,000 mortgages approved between May of 2015 and May of 2016.

The data covers all of Spain and narrowing down the data proved encouraging as the analysts saw that all 17 of the autonomous communities in Spain recorded their own increase in mortgage activity. The areas where the increase was higher than the national average were Aragon (51.6% increase) and the Balearics and Basque Country (both up 66.9%).

The national average loan was €104,480 which was just 0.8% below the average mortgage of last May. Even though the average loan is down a little the other statistics that have been released in previous months show that Spanish property prices are steadily increasing.

Rise in Spanish Property Prices Expected to Increase Until 2025

Rise in Spanish Property Prices Expected to Increase Until 2025

Property prices in Spain will continue to rise which is

great news for the Costa del sol

The slump in the Spanish property market lasted a good seven years but things are on the up now, with one market analysis suggesting that prices are set to continue increasing steadily for the next nine years until Spain reaches the peak prices of 2007 once more.

Or so José Luis Suárez, a financial management professor with the IESE business school, claims. He gave a now-widely-quoted symposium over the weekend in which he claimed that Spain will need to build 100,000 new homes each year until 2020, with the demand increasing for the next five years to 140,000.

There are a number of reasons people should be optimistic about the health of the property sector in Spain. While a number of encouraging reports have come out this is by far the most encouraging one. It was between 2007 and 2014 that the demand for property took a sharp downturn with only 75,000 homes built a year, down significantly from the high of 800,000 in 2006. Suárez believes that Spain is headed for a slow but steady recovery now after construction reached an all time low of 50,000 in 2015.

Madrid and the Costa del Sol is currently where the highest demand for new property is. Roughly 25,000 homes are constructed there each year.

Suárez had something to say about the average price per square metre of residential property too. He made the point that the annual rises seen leading up to 2007 were followed by bludgeoning cuts. The price per square metre fell from 2,062 euros in 2007 to around 1,400 euros in 2014. He expects that it will be 2025 when we see the peak price from 2007 once more. It is worth noting however that this figure doesn’t take inflation into account. It’s not an accurate representation of the “real” value.

It his figures prove accurate though it means that Spanish property can expect an appreciation of around 40% in nine years, making investing in Spanish property a smart choice. You should keep in mind that market trends change all the time and are also different from area to area.

Eight Year High Spanish Property Prices Continue to Rise

Eight Year High Spanish Property Prices Continue to Rise

Costa del Sol is seeing a massive return of savvy investors

buying property again.

With the Spanish property market looking so great and being so affordable there’s really no reason to not invest in Spanish property.

The average value of property in Spain has gone up by 6.3% in the first quarter of 2016. The new data shows a rise that hasn’t been seen since the third quarter of 2007.

The Spanish National Statistics Institute (INE) released the figures showing how the property market in Spain is re-emerging after the property bubble was burst in 2008.


The market slumped for five years which drove down property values, scared away investors, and created a general feeling of malaise in Spain as the economy cycled through anaemic growth, a loss of confidence, and austerity measures that punished more than they helped.

Data from the INE showed that by the middle of 2013 Spain broke through at last and the second recession was ending as there was a positive increase in GDP and employment rates and house sales were on the rise. Shortly after this property prices started to climb and now the value of resale homes was up by 6.4% during the first three months of 2016.

The new-build and off-plan property market also saw a nice boost. This area felt the brunt of the damage with many developers going out of business, leading to buildings that were either uncompleted or unsold. This also led to an oversupply that brought house prices crashing down. Now the market is up a generous 6.1%. All in all the first quarter of 2016 has been the most promising quarter for real estate since the third quarter of 2007.

The difference this time is that the rise in the market isn’t likely the forebear of another crash. The growth has been temperate this time around. As a result it is more sustainable. It’s also based more on the sustained economic growth and the interest coming from both domestic and foreign investors.

When it comes to actual house sales the INE data shows that the amount of transactions in the residential housing market of Spain was up by a massive 29% over the April in 2015, with a grand total of 35,199 properties changing hands. There hasn’t been a year-over-year increase this big since August 2010. It further proves that buyers are flocking back to the Spanish property market.

Sharp Rise in Spanish Property Enquiries in 2016

Sharp Rise in Spanish Property Enquiries in 2016

Buying property in Costa del Sol is taking off again

Property buyers the world over are looking for homes in  Cota del sol and Spain. This is according to data released by the Move Channel and their Hotspots Index.

The index shows that the number of searches to do with Spanish real estate has doubled in 2016 over 2015. Spain is dominating the top 50 rankings too.

Spain has 15 different locations in the list of Top 50 destinations. This is more than Italy, which has 14, and France and Portugal. Rome was the number one but Spanish Benidorm placed third, which was 13 places higher than its 2015 position. Malaga came in at sixth to help secure the best Spanish performance in the Hotspots Index.

Dan Johnson, director of TheMoveChannel.com said that Spain has gotten off to a great start in 2016 with plenty of interest from overseas buyers. The Q1 2016 Hotspots Index comes with a weakened pound against the Euro after a strong 2015 for the pound. There is a lot of optimism about the real estate market in Europe though and especially in Spain. This makes European real estate one of the best investment options on top of it being a preferred destination for people looking for a better life. Spain offers lower prices, better rents, and low mortgage rates.

Costa del Sol property for sale becoming the most popular property hotspot further shows the importance foreign demand plays in the recovery of the Spanish real estate market. British buyers are trying to find properties in already established expat communities. This is bringing up the price and reducing the supply of properties in these coastal areas. While the “Brexit” may be coming, there’s still plenty of British property buyers investing in the Costa del Sol and all throughout Europe.

Spanish Property Prices Set to Rise By 6.3% in 2016

Spanish Property Prices Set to Rise By 6.3% in 2016

Do you like the idea of living and buying a luxury home in the Costa del Sol and having the right to reside in Spain? The Golden Visa definitely appeals to many.

Whether you’re buying as an investment or to live there yourself, the Spanish property market is becoming more appealing these days.

There has been new analysis done by Spain’s Caixa bank’s property division. They found that some areas of Spain could see a property price spike of up to 6.3%.

Now is the time to buy property in Spain

In the beginning of 2015 the trend of falling house prices finally stopped. As a result house prices are set to begin rising this year. Caixa believes that house prices will increase most in the popular areas of the country such as Costa del Sol, Barcelona, Madrid and the Balearics are also set to see big house price rises.

Prices will still go up a fair bit in other inland areas of the Costa del Sol and Andalucía, where it will rise by around 3.3%. Affordability is still the key part of the Spanish property market though. Since 2007 the average house price is still roughly 40% below record levels.

House prices hit a real peak in April 2007 when house prices rose to €2,952 per square metre. Nowadays a home in Costa del Sol sells for an average of €1,619 per square metre. Overall a three bedroom apartment in Costa del Sol will cost around €161,900.

It’s difficult to come up with an average price in Costa del Sol. There are just too many variations in house prices. The data does still show how trends may change however. The data suggest that in 2016 house prices should rise in even the lowest ends of the market.

House prices in better areas such as Marbella will continue to rise. They have been on the increase since 2014.

Of course this means that more people are going to become interested in purchasing property on the Costa del Sol. The amount of houses being bought in general should increase by as much as 13%.

The conclusion is that now is the right time to buy a bargain property for sale in the Costa del Sol so contact us today for your personal service.

Residential property sales in Costa del Sol and Spain continues to rise for 18 successive months

Residential property sales in Costa del Sol and Spain continues to rise for 18 successive months.

Property is on the up in the Costa del Sol and Spain.

The upward trend in Spain’s residential property sales extends to 18 months in a row as the most up to date data shows a noteworthy increase of 7.3% in residential property sales compared with the same month of 2014.

 The figures shown in the analysis report of the General Council of Notaries illustrate a year and a half of ceaseless growth in the housing market, meaning it is showing signs of a stable recovery.

An analysis of this data shows that the annual apartment sales have has had an increase by 6.2%, more than twofold the growth recorded in October 2015. The convincing rise in apartment sales can be traced back to an 8.3% surge in sales of free price apartments and also to a 12.2% rise in sales of second hand apartments.

The market for buying an individual investment family homes also enjoyed solid uptrend, up 11.4%, recording nine consecutive months of double figure growth. However, the downturn in new housing sales continued as prices dropped for a tenth month in a row, the decline rate in November being 18.6%.

Be that as it may, prices are still fluctuating. The average selling price of per square meter of homes saw a 1.1% year on year fall in prices, as prices dropped to €1,219 per square meter in November. A study suggests that apartment prices declined by 0.6% and the price of single family residences declined by 0.8%.

The data additionally demonstrates that the price per square metre of second hand flats dropped by 0.7% year on year to €1,320 but for new apartments it steeped by 5.9% to €1,666.

 Having experienced an annual increase of 7.3% in November, the total number of new mortgage loans is also on the rise, but when seasonally modified, this figure comes down to an annual increase of 2.4%, the minimum rate of increase in 18 months.

Concluding that buying property in the Costa del Sol and Spain continues its upward trend and recovering from the financial crisis that hit Spain in 2008.

Mortgage Approval in Spain sees record rise in 2015

Mortgage Approval in Spain sees record rise in 2015

Spain witnessed the largest year on year increase in the number of mortgage approvals in 2015, as the rise was 19.8%, the steepest ever since they started to keep a record from 2003 which is great news for investors wanting to buy property in the Costa del Sol and Spain.

As per the statistics revealed by INE (National Statistical Institute), it is a clear indicator that the economy of Spain is back in track ever since the decade long slump after real estate market crashed in 2008.

Record number of mortgages approved in Spain in 2015

Ever since the global recession in 2008, people in Spain have continued to remain unemployed, started working for lower pays and also lost their financial security due to the global turmoil. However, due to the market scenario improving since 2014, the economy of Spain has been improving and has seen a growth rate of 3.2% in 2015, making Spain one of the best performing economies among the EU countries.

Following the recession, property prices saw a sudden cut of 40% on an average. It has only been improving since then and also, people now have job security. Banks have started to offload the properties they forcefully had to buy during the recession. All these statistics prove that the economy of Spain has been improving steadily.

Data released by INE also revealed that the total capital all over Spain borrowed as mortgages stood at €25.9 billion, which is a 24.1% increase compared to the previous year.

However, the mortgages borrowed were highest in 2006 just before the crash, which stood at a whopping €188.3 billion. Going forward, the growth is only bound to increase and home loans have registered an increased growth continuously from the past 19 months and investment properties are being bought in Spain.