housing market
February 18th, 2010
Recent periods of heavy selling in the Spanish stock market, in the wake of fears that worries over Greece will spread to other European nations, is reportedly being investigated by the country's intelligence service. The unit of the National Intelligence Center that deals with economic intelligence has spent the last few ...
Continue reading Spanish Intelligence Investigating Market Slurs
February 5th, 2010
The overseas homes market may have already entered recovery in some parts of Spain as one developer has started putting its prices up. Key Mare in Almeria has seen sales rise by 30% in the last three months and now has more international customers than Spanish ones. The company raised prices ...
Continue reading Spanish Developer Increases Prices
February 2nd, 2010
The European housing market hasn’t stopped attracting British buyers, with Spain, Cyprus and Poland among the hot spots. Investing in property abroad is a daunting prospect at the best of times. Many Britons who borrowed heavily to invest in foreign properties have been left in negative equity, which may be enough ...
Continue reading Sun & Sea Property Prospects in Spain
January 27th, 2010
New build property prices are going to carry on falling this year, at least as much as last year’s 6% decline, say the top management of Sociedad de Tasación, one of Spain’s leading appraisal companies. According to José Luis Estevas-Guilmain and Juan Fernández-Aceytuno, president and managing director respectively of Sociedad de ...
Continue reading New Property Prices to Continue Falling
January 25th, 2010
Spanish house prices are still 55% above their fair value despite Spain’s property market crash, claimed a recent article in The Economist magazine that caused a stir in the Spanish press. But what nobody seemed to notice is that The Economist have got it wrong, for which we can blame ...
Continue reading Economist: Spanish Property 55% Overpriced?
January 21st, 2010
Risk measurement agency Moody’s said Spanish recession will continue until the second quarter of 2010. These forecasts are contained in a statement, arguing that the weakness of economic activity, coupled with rising unemployment and slower income, will "depress" the residential Spanish property market, which estimates that prices have fallen 9, 5% ...
Continue reading Spanish Recession to Persist in 2010
December 31st, 2009
Spanish savings banks have begun selling off the large property portfolios they acquired as collateral from loan defaults, in an effort to improve solvency ratios, a move that risks further falls in property values that could impair the value of their asset books. In Spain, the global financial crisis that erupted ...
Continue reading Spanish Banks Saddled With Property Debt
December 30th, 2009
Unless it turns out to be a false dawn, the housing markets in the UK and the US may be seeing the light at the end of the tunnel. Can the same be said for Spain? Spanish housing market experts can’t agree on the answer, according to an article online at ...
Continue reading Experts Disagree Over Spanish Property Market
November 6th, 2009
The latest figures for planning approvals show that for the residential construction sector there is still plenty of bad news out there. Bank of Spain to double provisions in move that may drive property prices down. The depressing news for anyone who makes a living building homes in Spain is that ...
Continue reading Spanish Property Swings & Roundabouts
October 21st, 2009
Spain’s housing market is broken and urgently needs fixing, argue a group of top-flight economists from Fedea, one of Spain’s leading economic policy think tanks. In a new report just released, 'For a Housing Market that Works: A Proposal for Structural Reform’, a group of economists at Fadea, including Pol Antràs ...
Continue reading Spain's Rental Market in Need of Reform
October 20th, 2009
In Spain and the UK, there seems to be general disagreement about the state of their respective housing markets. In the UK, This is Money reports that house prices are now higher than they were a year ago as Britain's property revival gathers pace. Meanwhile in Spain, 4 out of 5 of ...
Continue reading Time to Buy Property in Spain?
October 20th, 2009
Spanish house prices are starting to stabilise and now is the time to buy, says the Ministry of Housing. The IMF forecasts even bigger falls to come. Not everyone agrees. “Talk of a slump (in prices) is no longer fitting” said an official from the Housing Ministry yesterday during a press conference ...
Continue reading Government & IMF Disagree Over Spanish House Prices
October 3rd, 2009
Spanish house prices fell at a record rate on the year in the second quarter and economists said prices are unlikely to have hit bottom due to massive stocks and expectations of a prolonged recession. House prices plunged 7.7 percent year on year in the second quarter, official data showed on ...
Continue reading Spanish Property Prices Not Yet at Bottom
September 24th, 2009
There is increasing talk in the Spanish press about an incipient recovery in the housing market, largely based on some statistics suggesting the collapse in sales might be bottoming out. Beatriz Corredor, Spain’s Minister of Housing, says you can now buy with “no worries”. Is she right? First of all, what ...
Continue reading Spain: Too Soon to Talk of Economic Recovery
September 18th, 2009
The sharp housing correction that has sent Spain's economy into a tailspin is bottoming out, Housing Minister Beatriz Corredor told parliament Wednesday. "Recent indicators show a trend toward stabilization in the housing market," Corredor said. Spain's once-buoyant housing market collapsed last year as the global financial crisis worsened a correction that was already ...
Continue reading Spanish Property: Correction Bottoming Out
