Articles tagged as: housing market

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

February 12th, 2013

Despite the announcement that the tax incentives for home purchases were to be scrapped at the end of last year, it did not prevent a further contraction in the housing market, and housing sales declined again in 2012, by 11.3% compared to 2011. Thus, according to the latest data published ...

Continue reading Home Sales Fell 11.3% in 2012

February 5th, 2013

In the third quarter of 2012, the price of housing in Spain registered a drop of 15.2% year-on-year, which is the biggest drop recorded among all the European Union countries, which experienced an average decrease of 1.9% compared to the same period in 2011. These results are taken from data published ...

Continue reading Spain: Biggest Annual House Price Drop in Europe

December 11th, 2012

For the first time since the crisis began, the statistics for the struggling Malaga property sector have shown some improvement. In the first nine months of this year, home sales have managed to break the negative trend of the previous four years, growing by 3.5% over the same period of ...

Continue reading Malaga Property Sector Picking Up

September 13th, 2012

Despite the acute crisis affecting 'bricks and mortar', there remains a continuous and substantial flow of money from the housing market. Specifically, during the first half of 2012, a total of 20,120.4 million euros changed hands in the sector. This figure, however, represents a decrease of 17.6% compared to the ...

Continue reading Housing Transactions Account for 20,120 Million Euros to June

July 19th, 2012

In Navarra, second hand properties in the capital of Pamplona are mainly characterized by their lengthy sales period, with more significant price adjustments for low quality properties, while those in better locations with higher building quality are having the best results and also maintaining their prices better. New developments have been ...

Continue reading Navarra: Property Price Report 2012