Housing prices

House prices continue to rise after the 7.2% increase recorded in August, reaching a national average of €2,004/m2.

The districts of Salamanca, in Madrid, and Sarria-Sant Gervasi, in Barcelona, are in the 'top 10' luxury neighbourhoods in Europe's most important cities for buying a home, according to the estate agency Evernest. The top spots among these most exclusive neighbourhoods to buy a home are Kensington-

The most exclusive street in Spain for buying a property is on the Costa del Sol and covers the entire development of Coto Zagaleta in Benahavis.

According to the Registrars, Data on property purchases closed the second quarter of 2023 with a 5.6% year-on-year fall. The fact is that 2022 was a record year, reaching transaction figures not seen since the real estate boom.

Housing continues to be at the heart of investors' interest.

Although the real estate market does not stop during the summer, some buyers wait until September to finish looking at and negotiating property prices.

It's peak tourist season in Mallorca, and alongside the usual holidaymakers flying in to enjoy the sun, sea, culture and Richard Branson's new Son Bunyola hotel, more people are looking for properties. Prices are also rising.

All 50 Spanish provinces have at least one property for more than €1 million listed on idealista, but their distribution is not even. The provinces of Malaga, the Balearic Islands, Madrid and Barcelona have 70% of all available properties above that amount.

The prime housing market is moving at a different pace to the rest of the residential market, no matter the destination. The real estate consultancy Savills says that more than 70% of luxury property purchases in London were made in cash between January and May this year.

UK house prices recorded their biggest drop in 14 years, falling 3.8% year-on-year, according to Nationwide's monthly report.

Uncertainty, inflation, and rising mortgage rates are taking their toll on the UK residential market. And in the capital, London, it is already causing house prices to fall.

The UK housing market remains on a downward path, with prices in June falling by 2.6%, confirming their fastest annual rate of decline since June 2011.

The first few months of 2023 have proven Malaga's growing dynamism in the luxury real estate market. The city has become an increasingly attractive destination for high-end international buyers, driving solid and promising growth in this market.

Holiday homes went up in the first quarter by 6.3% over the last year to €2,550 per square meter, 35% above the average value of first homes in coastal areas, according to Tinsa's 'Housing on the Coast 2023' report. Considering both first and second homes, the average value recorded a year-on-

The housing market is suffering the impact of economic uncertainty and interest rate hikes, although prices seem to be escaping for the time being. While sales and new mortgages have been falling in double digits year-on-year for several months now, residential prices remain stable...

Is it a good time to buy property in Spain in 2023? Is summer a good time to buy a home?

Buying an average home in Spain is equivalent to paying 14 years' rent for the same property, according to a study published by idealista. One of the indicators that can help you calculate which market is more attractive – i.e.

idealista has published a new ranking of the most sought-after towns and cities to buy a home thus far in 2023. Among those locations with a large stock of flats, Madrid and the suburbs stand out again, along with other provincial capitals.

The Balearic town of Santa Eulalia del Río had the highest average free housing prices in the first quarter of the year, at €4,682 per square metre, while Villarrobledo (Albacete), at €593 per square metre, is the cheapest town in Spain among towns with more than 25,000 inhabitants. According to st

The residential sector was more dynamic than expected during 2022, especially the first half of the year. However, rising borrowing costs have led to a slowdown in the market and reduced the pace of housing growth, according to the latest figures from the consultancy firm CBRE.

The neighbourhoods with the highest average net annual income per inhabitant (2020 data) were El Viso (€40,815/year), Recoletos (€37,067) and Castellana (€36,660), all three in Madrid, according to the 'Urban Indicators 2023' report published by the Spanish Statistics Institute (INE). There are als

Housing markets are slowing down. The IMF advises large economies and emerging countries to be "vigilant" about the housing crisis and gauge the risks for financial stability.

Are you thinking about selling your home?

As usual, the world's richest people look to Paris or New York to buy a luxury home to live in. And this year, these major cities are joined by Miami, Tokyo, London and, once again, Madrid, which returns to ninth place among billionaires' favourite cities, according to the BARNES Index City 2023.

Spain's coalition government has reached an agreement regarding the country's Housing Law which includes substantial changes.