Articles tagged as: ministry of housing

December 19th, 2011

With sales figures showing foreign purchases of Spain increased by 24.7% in the third quarter, over the same period of 2010, according to the Housing Price Index (HPI) of the National Statistics Institute (INE) sales prices in the same period were shown to have fallen by 7.4%. Cinco Dias reported that ...

Continue reading Fall of Housing Prices Increases Foreign Buyers in Spain

September 23rd, 2010

House prices in Spain continue to trend downwards. In August prices were down 4.53% on the year, and down 1.63% on the quarter, according to TINSA, a real estate valuation company. This comes after some optimism in Q2, when Spain’s house prices seemed to stabilize. The official house price index from ...

Continue reading Unbelievable Spanish Property Prices

August 3rd, 2010

Developers are up in arms over plans to reduce subsidies for building social housing. The right to decent housing may be enshrined in the Spanish constitution, but not even the Ministry of Housing can escape the substantial budget cuts announced by government to get the deficit under control. As of next year ...

Continue reading Developers Fretting Over Ministry of Housing Subsidy Cuts

July 20th, 2010

Torrevieja is the Spanish resort that exploded in size as Brits snapped up apartments and villas as frenetically as the developers knocked them out. But the town dubbed the Costa del Yorkshire is now better known to the Spanish banks as the home of the "British plumber mortgage", and knee-deep ...

Continue reading Despite Property Glut, There Are Few Real Bargains

July 11th, 2010

Download a new report about the current state of the Spanish property market analyses the three main sources of available information - official data, valuation companies and property portals. Between these three categories, we review 14 separate reports and summarise how each documents the highs and lows of the Spanish property ...

Continue reading Spanish Property Market Summary

July 6th, 2010

There seems to be renewed international interest in what's happening to the Spanish property market. Last week I spoke with a journalist from the Norwegian Financial Times who was trying to make sense of the official house price data and marry that with some market sentiment. Meanwhile, people are clearly getting ...

Continue reading International Interest in Spanish House Prices

May 25th, 2010

A bank specialising in foreign mortgages is getting behind a plan to clear up Spain’s glut of unsold homes. Solbank, part of the country’s fourth biggest bank Banco Sabadell, has agreed to provide mortgages for all properties for sale through the Spanish Homes Network – an initiative from a Spanish business ...

Continue reading Bank Agrees Plan to Clear Unsold Spanish Properties

March 30th, 2010

Housing starts in Spain have fallen by almost 80% since the economic crisis began in 2007, reveal new statistics from the Ministry of Housing. You don’t have to be a genius to work out how badly that will have hit the residential construction business in Spain. The sector has effectively ...

Continue reading Number of Spanish Home Starts at 17-Year Low

March 8th, 2010

There was a small uptick in Spanish housing sales during the fourth quarter of last year, according to data released today by the Ministry of Housing. Small, maybe, but enough for the Government to get excited about. “The transactions in the fourth quarter represent a rise of 4.1% with respect to ...

Continue reading Spanish Property Market Grew Q4 2009

March 4th, 2010

The Ministry of Development has just released some statistics that help illustrate the severity of Spain’s construction boom and bust. What is worse, there is no quick solution as much of the trouble is stored up in a new homes glut that will take years for the market to digest. The ...

Continue reading Spanish Property Boom & Bust

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 the ...

Continue reading Economist: Spanish Property 55% Overpriced?

January 5th, 2010

Anyone interested in property in Andalucía, or Spain for that matter, should read this annual report on the market by Barbara Wood of The Property Finders, a buyer’s agent. It turns out the quality end of the market is alive and well and delivering great opportunities for buyers. I totally agree ...

Continue reading 2010: A Lively Start for Spanish Property

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

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