Articles tagged as: housing market

July 28th, 2014

Around half a million new homes per year were added to the official housing statistics from 2001 to 2009, but since 2010 the increase in new homes has moderated every year and, according to recent data released by the Ministry of Development, the total housing stock in Spain stood at ...

Continue reading Spain Registers 0.23% Increase in Housing Stock in 2013

June 26th, 2014

The economic engine of the private housing market moved 10,386.5 million euros in Spain in the first quarter of 2014, representing an increase of 55% compared with the same period last year (6,713 million), according to recent data published by the Ministry of Development. Thus, the amount moved by the private ...

Continue reading Housing Market Again Stirs Up the Economy

June 3rd, 2014

In the first quarter of the year a total of 8,818 applications were made for licences to build new homes, which represents a decrease of 13.4% over the same period of 2013 (10,191 units). Thus, the decline in these applications has been halved in just one month as, up until ...

Continue reading Decline in New Build Licences Moderates to 13.4%

May 21st, 2014

Housing sales statistics are showing signs of recovery, after consecutive quarters of declines. According to the General Association of Notaries, property transactions rose by 45.4% during the first quarter of the year, compared with the same period last year. This, in turn, is driving up housing prices which, to March, ...

Continue reading Home Sales Up More Than 45% in the First Quarter

May 1st, 2014

Companies accounted for 21.93% of all home purchase transactions made in 2013, which represents an increase of 429% over the 5.11% of transactions carried out in 2007, before the crisis. In contrast, home purchases made by private individuals dropped from 94.89% of all transactions in 2007, to 78.07% in 2013. The ...

Continue reading Home Purchases by Companies Quadrupled in 2013

April 4th, 2014

The Spanish Ministry of Development’s latest data reveals that the private housing market in Spain moved 38,016.5 million euros in 2013, which represents a decrease of 20.4% compared to 2012, when the amount moved was 47,782 million euros, and thus accumulates three consecutive years of declines. Furthermore, since the peak ...

Continue reading Private Housing Market Moves 38,016 Million Euros in 2013

March 12th, 2014

According to the recent 'XVIII Housing Market Report' prepared by Tecnocasa and the Pompeu Fabra University (UPF), the price of second-hand homes continued to decline sharply in the second half of 2013. Specifically, the price of resale homes dropped by 9.19% in the second part of the year compared to ...

Continue reading Price of Used Housing has Decreased by 58.27% Since 2006

January 28th, 2014

The housing market and the economic crisis are pushing many Spaniards towards opting to rent a home instead of buying it, but despite this surge in demand, rental prices continue the downward trend that began in 2008. In fact, according to the report "Rental Housing in Spain in 2013" prepared ...

Continue reading Home Rental Prices Continued to Fall During 2013

January 8th, 2014

The 'stock' of unsold new homes in Spain stood at 583,453 properties in 2012, which is 6.9% less than at the close of 2011, according to a recent report by the Ministry of Development. This is the third consecutive decline, and the most significant since the offloading of the housing 'stock' ...

Continue reading The Number of Unsold Homes Fell by 6.9% in 2012

December 11th, 2013

The perception that the housing market is nearing the end of its adjustment is gaining popularity. According to the Consumer Confidence Indicator for November, prepared by the Centre for Sociological Research, 46.4% of those surveyed think that housing prices will stabilise over the next year. This is nearly 10 percentage points ...

Continue reading Almost Half the Spanish Believe Property Prices Will Stabilise Next Year

December 2nd, 2013

The difficulties in the housing market have led to increasingly more homeowners deciding to reduce the price of their homes for rent in order to attract demand. In fact, El Economista reported that 6.3% of all the homes for rent in Spain listed on idealista.com registered drops in their prices ...

Continue reading 6.3% of Landlords Lowered Rents in October

November 19th, 2013

In April 2007, after years of a boom in the real estate sector, the price of housing in Spain was worth about 3,000 euros per square metre. However, the outbreak of the economic crisis marked the beginning of a continuous fall in housing prices that, six years later, have now ...

Continue reading Home Values in Spain Have Fallen by 40% in Six Years

September 10th, 2013

According to the latest housing statistics published last week by the Spanish Ministry of Development on the Government website, La Moncloa, 345,471 homes were sold in Spain between July 2012 and June 2013, representing an increase of 2.3% over the previous twelve months. The statistical results of residential property ...

Continue reading Foreign Buyers Bolster Housing Market

June 27th, 2013

Private housing market transactions in Spain amounted to 6,632.8 million euros in the first quarter of the year, representing a decrease of 29.8% compared to the same period in 2012, when the amount was 9,457.6 million euros. According to the Ministry of Public Works’ data, collected by Servimedia, this is the ...

Continue reading Housing Transactions Down 29.8% Over 2012

April 1st, 2013

According to data released by the Ministry of Development last week, foreign residents in Spain completed real estate transactions on private homes amounting to 6,336 million euros in 2012. This amount represents an increase of 13.7% over the figure recorded in 2011, which was 5,573.3 million euros. The second-hand housing market ...

Continue reading Foreign Residents’ Investment in Housing up 13.7% in 2012