house prices
May 3rd, 2013
House prices in Spain fell by over 13% in 2012, even further than the declines registered in the years 2011 (-10.5%) and 2010 (-6.6%), and accumulated a drop in their value of around 30% since their peak levels in the first quarter of 2008. This is reflected in the 2012 statistical ...
Continue reading House Prices Fell by Over 13% in 2012, Accumulating Drop of 30%
April 30th, 2013
According to the Spanish Real Estate Market Index (Imie) published by real estate appraisers, Tinsa, house prices reduced by 12.1% in the first quarter of the year, taking them back to the values that were recorded in 2004. The fall in the first three months of the year is similar to ...
Continue reading House Prices Dropped 12.1% in Q1, Says Tinsa
April 29th, 2013
The price of private housing fell by 7.9% year-on-year in the first quarter and stood at 1,519 euros per square metre, a value not registered since early 2004, according to statistics published on Tuesday by the Ministry of Development. Despite this fall, the decrease in housing prices has slowed compared to ...
Continue reading House Prices Per M2 Lowest Since 2004
April 23rd, 2013
Moody's credit rating agency believes that new house prices in Spain will continue to decrease at least for the next five years, primarily related to the high level of housing 'stock' and due the situation of the Spanish economy and the lack of credit, the agency said in a statement. "In ...
Continue reading Housing Surplus Prices May Fall Until 2018, Says Moody’s
April 16th, 2013
According to data released on Thursday by the EU statistical office, Eurostat, housing prices in Spain fell 12.8% in the fourth quarter of 2012 compared to the same period of 2011 - a negative percentage placing the country at the head of the European Union (EU), where house prices fell ...
Continue reading Spain Leads Drop in Housing Prices in the EU
April 11th, 2013
In March, the average house price slowed its descent, year-on-year, to 10.7%, compared with the 11.6% drop recorded in February, after the tax benefits for home purchases were abolished from 1st January. With the March decline, real estate appraisers, Tinsa, reported on Tuesday that the cumulative adjustment for house prices has ...
Continue reading Decline in House Prices Moderates to 10.7% in March
March 14th, 2013
Housing sales rose 18.9% in January compared with the same month of 2012, to a total of 39,670 operations, the National Statistics Institute reported on Tuesday. This is the best figure since February 2011, when it exceeded 45,000 purchases. The year-on-year advance in January, the second consecutive after the 2.3% increase ...
Continue reading Homes Sales Rose 18.9% in January
February 14th, 2013
According to the latest report by real estate appraisers, Tinsa, the average house price decline accelerated to 13.8% in January, year-on-year, the month in which the tax benefits for home purchase were eliminated. With this latest reduction, the accumulated adjustment in house prices has now reached 35.3% since their maximum ...
Continue reading Fall in House Prices to Accelerate in 2013
January 25th, 2013
According to the latest data released by real estate valuation company, Tinsa, Toledo is the province where house prices have fallen most since the end of the property boom, with a drop of 45.5%, followed closely by the provinces of Barcelona (44.4%), Zaragoza (44.2%), Guadalajara (44.2%), Tarragona (43.1%) and ...
Continue reading House Prices Down Most in Toledo and Barcelona
January 21st, 2013
According to a recent report by Standard & Poor's, the Spanish housing market will lead the falling prices in Europe this year. They estimate that prices will drop by 7.8% in 2013, partly due to the creation of the bad bank (Sareb), and that the cumulative decline over the next ...
Continue reading Spain Will Lead Decline in House Prices in Europe
January 15th, 2013
The sharp decline experienced in housing prices since early 2008, estimated by experts to be more than 30% on average, has not prevented the value of homes being much higher today than in 2001. According to an analysis by the independent value experts, Euroval, from the official Ministry of Development ...
Continue reading Houses Worth 66% More Than in 2001
January 11th, 2013
The average price of housing in Spain reduced by 11.3% in 2012 over the previous year, a more moderate adjustment than that experienced in previous months, due to a spike in the number of transactions generated to beat the 31st December deadline for the end of tax deductions and the ...
Continue reading House Prices Fell by 11.3% in 2012
January 7th, 2013
According to the latest Consumer Confidence Index (CCI) for December, published by the National Research Centre (CIS), it is not only the real estate market experts who predict that housing prices in Spain will continue to fall, despite the already large drop which they have suffered since the beginning ...
Continue reading Most Spanish Believe Homes Will Continue Getting Cheaper
January 3rd, 2013
According to a report released yesterday by the appraisal company, Tinsa, the price of new housing in Spain fell by 6.9% in 2012, and they believe that houses will continue to get cheaper during 2013. The report indicates that home prices have declined 33.5% since their peak, although this rate is ...
Continue reading Price of New Homes fell 6.9% in 2012
December 18th, 2012
The price of private housing fell by 15.2% in the third quarter of the year, compared to the same period of 2011, thus registering its biggest drop since 2007, according to the latest Housing Price Index published by the National Statistics Institute. The year-on-year decrease recorded for housing prices in the ...
Continue reading House Prices Fell by 15.2% in Third Quarter
