Articles tagged as: madrid

May 2nd, 2014

The IMIE Local Markets Index for the first quarter of 2014, published by the real estate appraisal company, Tinsa, reveals that the price of housing in Spain fell by 6.7% year-on-year. The last two quarters of 2013 registered declines of less than 10%; specifically, of 9.3% in the third quarter and ...

Continue reading House Prices Registered a Year-on-Year Fall of 6.7% in Q1

April 22nd, 2014

The evolution of the average price of resale property in Spain has significantly changed from 2013, according to a recent report from fotocasa.es. Last year they registered double-digit year-on-year declines, and specifically in June 2013 recorded the largest year-on-year drop in their comparable real estate index (-11.8%). However, the first ...

Continue reading Spain House Prices Fell by -1.1% in First Quarter

April 15th, 2014

According to the latest data published by the National Statistics Institute, the sale of homes in Spain fell by a further 27.6% in February compared with the same month in 2013, to a total of 25,717 closed transactions. This decline was more than four points higher than January, when housing ...

Continue reading Homes Sales Down 27.6% in February

April 10th, 2014

The British department store chain, Marks & Spencer, plans to return to Spain after abandoning the Spanish market nearly 14 years ago, following the sale of their stores to El Corte Inglés. The company has included Spain as a priority market in its international development plan, and intends to have ...

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March 31st, 2014

The Spanish Government’s Official State Bulletin published an Order on Wednesday, issued by the Minister of Development, Ana Pastor, to the effect that the Madrid-Barajas airport is to be renamed the Adolfo Suárez Airport Madrid-Barajas. In the Order, Pastor explains that the former Prime Minister, who died last week at the ...

Continue reading Madrid’s Airport Renamed to Honour Former Prime Minister

March 27th, 2014

According to data from the independent consumer comparison website, Kelisto.es, up to 8.5 million homes in Spain, more than 30% of the total, do not have home insurance. This figure represents one million less properties insured than in 2007, when the crisis began. At the end of 2013 Spain counted more ...

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March 25th, 2014

Between January and February Spain received 6.2 million tourists, which is an increase of 11.8% year-on-year compared with the first two months of 2013, according to the Frontur tourist border movement survey published on Friday by the Ministry of Industry, Energy and Tourism. 3.11 million tourists visited the country in February, ...

Continue reading International Tourist Arrivals Up 11.8% to February

March 5th, 2014

The National Archaeological Museum of Spain (Museo Arqueológico Nacional) is to reopen in Madrid on 31st March, following six years of work, during which the museum was only closed to the public for two and a half. The museum has been completely overhauled and given a new and attractive image ...

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February 25th, 2014

According to a recent study by BNP Paribas Real Estate, all of the real estate investment market segments in Spain saw recovery last year, with the annual volume in 2013 reaching 3,800 million euros, more than double the figure recorded in 2012 (112% annual growth), and represented the greatest level ...

Continue reading Real Estate Investment in Spain increased by 112% in 2013

January 30th, 2014

The number of new mortgages granted on homes totalled 13,933 last November, which is a drop of 27.4% over the same month in 2012 and one of the lowest in the comparable time series, which began in 2003, according to data published on Tuesday by the National Statistics Institute. November’s year-on-year ...

Continue reading Number of Home Mortgages Fell by 27.4% in November

December 19th, 2013

The number of homes for rent in Spain has soared by 51.1% between 2001 and 2011, reaching 2,438,574 units, according to the Population and Housing Census 2011, published by the National Statistics Institute last week. The data shows that the home ownership rate has declined over the past decade to 78.9%, ...

Continue reading Number of Homes for Rent Up 51% in 10 Years

December 10th, 2013

Since the highest house prices in the historical series were recorded in April 2007, at 2,952 euros per square metre, property prices have dropped by an average of 41.3%, according to a recent property price analysis carried out by fotocasa.es. Presently, the price of housing stands at 1,732 euros per ...

Continue reading House Prices Have Fallen by Over 40% in Half of Spain’s Regions

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

October 15th, 2013

The publication last week of the new Law on Entrepreneurs in the Government’s Official State Bulletin marks the start of a new horizon of investments in Spanish property. According to its provisions, "the acquisition of property in Spain with an investment of equal or superior to 500,000 euros per applicant" ...

Continue reading Spanish Real Estate Sector Confident in Arrival of Foreign Buyers

October 10th, 2013

Mortgage holders in Madrid, the Basque Country and Cantabria will be those to benefit most by the rate at which the Euribor stood at, at the end of September. The indicator will mean savings for families with mortgages living in those regions of between 130 and 160 euros per year. The ...

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