Articles tagged as: property in spain

June 17th, 2014

The Vice-President of the Spanish Government, Soraya Sáenz de Santamaría announced last week that the Government has taken an important step forward in the reform of the public administration services, with the approval of three new laws to be submitted to parliament which, she said: "are highly focused on facilitating ...

Continue reading Spanish Government Approves Reform Laws for Property Registers

June 9th, 2014

According to recent figures published by property portal, fotocasa.es, developed in collaboration with the IESE business school, the average price of second-hand property in Spain stood at 1,699 €/m2 in May, and registered a drop of -0.7% compared to April. Year-on-year, prices registered a decline of -5.3% in May, which ...

Continue reading Second-Hand Property Prices Record Lowest Annual Drop in 3 Years

May 9th, 2014

The average price of resale property in Spain stood at 1,710 euros per square metre in April, and registered a drop of -0.1% compared with the month of March, according to the latest figures published by property portal fotocasa.es, prepared in conjunction with the IESE business school. In terms of ...

Continue reading Price of Used Housing Fell by 5.5% in April Year-on-Year

May 7th, 2014

The credit rating agency, Standard & Poor's (S&P), has announced that they believe that homes in Spain are overvalued by between 9% and 18% compared with the level of household income. The firm also predicts that the value of property in Spain will fall by 2% this year, bottoming out ...

Continue reading Spanish Property is Overvalued Compared to Household Income, Says S&P

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 17th, 2014

The volume of foreign investment in real estate in Spain rose in 2013 for the fourth consecutive year, to a total of 6,453 million euros, the highest amount recorded in the last nine years, and 16% higher than a year earlier. The increase in funds allocated to purchasing property in Spain ...

Continue reading Foreign Real Estate Investment in 2013 Highest in 9 Years

February 11th, 2014

According to a recent report published by Deloitte, investment in non-residential property in Spain reached 2,896 million euros in 2013, representing an increase of 39% over the previous year. The firm cites the improved perception of the country’s risk and the reopening of the credit market as motivation for the ...

Continue reading Investment in Commercial Real Estate Grew 39% in 2013

January 15th, 2014

The average price of resale property in Spain stood at 1,704 euros per square metre at the end of 2013, which is 9.7% less than in 2012, according to pisos.com. The real estate portal indicated that the property sales which were closed during the past year were carried out mainly ...

Continue reading Second-Hand House Prices Fell by 9.7% in 2013

November 25th, 2013

According to the 'Report on Foreign Real Estate Demand in Spain' prepared by Quick Telecom, a company specialising in digital real estate marketing and advertising, for the real estate portal Casaktua, the average housing type acquired by foreign buyers in Spain is a detached property, close to the coast, with ...

Continue reading Family Homes on the Coast Most Popular with Foreign Buyers

October 28th, 2013

According to the latest data from the Bank of Spain, foreign investment in Spanish real estate reached 2,834 million euros in the first half of 2013, the largest amount in nine years, while Spanish spending on property outside of the country registered its lowest level in 10 years, at 199 ...

Continue reading Foreign Investment in Spanish Property Highest in Nine Years

June 4th, 2013

Citizens from the United Kingdom, Russia and France were those who bought most homes in Spain in the first quarter of 2013, according to statistics from the College of Property Registrars. Due to the property transactions taking two or three months to be registered as a result of administrative procedures, ...

Continue reading Top Foreign Home Buyers in Spain are British, Russian and French

April 18th, 2013

Spanish investment in properties outside of the country sank in 2012, for the fifth consecutive year, while foreign investment in Spanish property rose 17% year-on-year, reaching its highest level since 2004. Compared with Spanish society’s loss of purchasing power and difficulties in gaining access to credit, foreign investors’ appetite for assets ...

Continue reading Foreign Investment in Spanish Property in 2012 Highest in 8 Years

November 22nd, 2012

The Spanish Government is preparing a reform of the immigration regulations, to facilitate residency in Spain for non-EU foreigners who buy homes of 160,000 euros and over. This project was announced by the Secretary of State for Trade, Jaime García-Legaz, and later clarified by the Prime Minister, Mariano Rajoy, and the ...

Continue reading Government to Grant Residency to Foreign Home Buyers

May 30th, 2012

In its May economic bulletin, the Bank of Spain notes that they expect the Spanish economy to continue in recession in the second quarter. The watchdog said that, although the available indicators are still low, the activity in Spain will fall between April and June. On private consumption, they point out ...

Continue reading Bank of Spain Expects Economic Decline to Continue in Q2

April 1st, 2012

It looks like sellers and their agents are pricing more realistically as asking prices of Spanish property continue to show a small but consistent decline quarter-by-quarter. We expect prices to bottom-out completely this year, and foreign buyers from stronger Eurozone economies to continue to buy property in Spain while ...

Continue reading Kyero Q1 2012 House Price Index Released