Articles tagged as: house prices

November 14th, 2014

The price of housing in Spain is continuing to fall, according to the Tinsa General IMIE Index for October. This stood at 1,337 points, representing an annual decline of 4.2% and a return to price levels this indicator showed at the beginning of the summer of 2003. The pace of ...

Continue reading House Prices Fell by 4.2% in October Y-o-Y

November 12th, 2014

According to a recent study conducted by property appraisal company, TecniTasa, Madrid's Calle Serrano is the most expensive street in Spain, with prices registering increases of close to 4% since last year, bringing the price per square metre to around 10,900 euros. In second position in the rankings of the most ...

Continue reading Madrid’s Calle Serrano Most Expensive Street in Spain

November 6th, 2014

The Bank of Spain’s latest Financial Stability Report, the institution’s six-monthly publication which analyses the evolution of the risk, solvency and profitability of deposit institutions, finds that the adjustment in the Spanish property market is nearing its completion, and even corroborates some other organisations' statistics, which are already pointing to ...

Continue reading Bank of Spain Notes ‘Timid Spikes’ in Housing Prices

November 4th, 2014

According to the latest monthly report released by www.pisos.com on house selling prices, prices are still falling month-by-month. The property portal’s report notes that resale housing in Spain registered an average price of 1,574 euros per square metre in October 2014. Compared to October 2013, this represents a decline of ...

Continue reading Price of Resale Housing Fell by 9.19% Y-o-Y in October

October 23rd, 2014

The price of housing in Spain is still above the historical average, according to the House Price-to-Income ratio used by the International Monetary Fund in their quarterly Global Housing Watch report. According to this ratio (updated to the second quarter of 2014), the price of housing in Spain stands at 15% ...

Continue reading Housing in Spain Still Expensive in Relation to Earnings

October 21st, 2014

The various organisations’ statistics on housing values in Spain continues to confuse as, over the last week, the Sociedad de Tasación, Tecnocasa or Eurostat have talked about either a stagnation in housing prices or even increases. However, according to the appraisal company Tinsa’s latest IMIE Index, the average price of ...

Continue reading House Prices Down 4.2% in September

October 16th, 2014

According to a recent press release from the European Union statistical office, Eurostat, the price of housing in Spain rose by 0.8% in the second quarter of 2014 compared to the same period last year, which is well behind countries such as Estonia, Ireland and the UK, where the prices ...

Continue reading Q2 Spanish House Prices Up 0.8% YoY

October 15th, 2014

The average price of second hand housing in Spain stood at 1,647 euros per square metre in the third quarter of the year, which is 0.5% less than the previous quarter, and the lowest decline registered since the first quarter of 2010, according to a recent report by property portal, ...

Continue reading Q3 Home Resale Prices Softening

October 13th, 2014

According to the Sociedad de Tasación’s latest Quarterly Housing Situation Report, the average price of housing, new as well as second hand, stood at 1,309 euros per square metre in the third quarter of 2014, which is 4.1% more than in the same period in 2013, and confirms the recent ...

Continue reading Q3 House Prices Rise 4.1% YoY

October 9th, 2014

The number of mortgages on property rose by 19% in June and by 29% in July to 18,107, and 25% of the purchases were made by real estate companies, attracted by lower prices. The Spanish National Statistics Institute’s latest calculations indicate that the real estate market in Spain has begun to ...

Continue reading 62% of Housing Transactions in July by Investors

October 7th, 2014

The average price of second-hand housing stood at 1,600 euros per square metre at the end of September, according to property portal, idealista.com, which represents a decrease of 4.4% compared with the same period last year. Between the months of June and September generalised price decreases were registered in all regions ...

Continue reading Home Resale Prices Fell by 4.4% in Q3

September 24th, 2014

The Consumers and Users Organisation (OCU) have reported that the cost of the Property Tax (IBI) has risen in several Spanish cities over the last five years, despite the fact that housing prices have fallen by more than 40% on average during this time. The Organisation indicated in a statement, that ...

Continue reading The IBI Increases 50% in Five Years Despite Falling House Prices

September 22nd, 2014

In a report released last week, the credit rating agency, Moody's, said that in their opinion, the recent signs of improvement being seen in the Spanish economy will not immediately translate into a sustainable increase in housing prices, but rather in a slowdown in their rapid decline. High unemployment, excess housing ...

Continue reading Improvement in the Economy Will Not Raise House Prices, Says Moody’s

September 19th, 2014

Data from the General Council of Notaries, which is for many the most reliable and closest to reality reference when it comes to the housing market in Spain, have again published negative figures for the month of July, both in the number of sales (-9.8%) as well as the prices ...

Continue reading Housing Market Recovery Will Have to Wait, Say Notaries

September 17th, 2014

According to statistics released by the Spanish Ministry of Development last week, home values fell by 2.9% year-on-year in the second quarter of 2014, to a price per square metre of 1,459.3 euros. This is the lowest recorded reduction since 2008, and all indications are that the discounts are coming ...

Continue reading Government Statistics Show House Prices Still Falling