property transactions
October 28th, 2008
There are a couple of articles this week of particular interest, plus more observations on the problems caused by under-declaring the value of property transactions. At the start of this month, the Kyero House Price Index was updated and I noted, with some surprise, that house prices in a handful of ...
Continue reading Marbella Prices, Black Money and a 3 Billion Euro Bet
October 21st, 2008
This week marks the 200th issue of the Property Pulse Newsletter. I'm not quite sure whether it's much of an anniversary of note, or how to celebrate it but I feel sure there will be a bottle of cava involved somewhere along the way. I won't surprise you to learn ...
Continue reading Anything to Celebrate in Spain Today?
September 26th, 2008
Year-on-year Q2 2008 saw foreign buyers in Spain completing on 31% fewer off-plan properties and 67% fewer resale properties. Spanish buying was down by 14% and 44% respectively. Overall, the total value of property transactions fell from € 39.7 Billion to € 26 Billion - a drop of ...
Continue reading Q2 2008 Spanish Housing Ministry Figures Released
September 11th, 2008
The Spanish Ministry of Housing recently revised their house price data for Q4 2007 and provided provisional data for Q1 2008. It makes you wonder what they've been doing for the past 5 months or so doesn't it? You can download sanitised versions of the MVIV data for: Average price paid Number ...
Continue reading Q1 2008 Spanish Housing Ministry Figures Released
September 4th, 2008
I'm as guilty as anyone of seeing the Spanish property market solely through the perspective of press articles. Unfortunately, most of the bad news seems to be factual and backed-up by reliable data, and most of the good news is, more often than not, just promotional fluff. However, this morning, ...
Continue reading A Different Perspective on Spanish Property
May 14th, 2008
Data recently released by the Spanish Ministry of Housing for 2007 reveals that the market slowed by at least 11% in 2007 compared to the previous year. The total Euro value of property transactions fell from €159 Billion in 2006 to €142 Billion in 2007. 2005 % +/- 2006 % +/- 2007 % +/- Q1 €27.3B +22.9% €37.4B +37.2% €38.9B +4.0% Q2 €34.9B +22.9% €41.5B +18.9% €39.7B -4.2% Q3 €31.9B +23.4 €36.8B +15.6 €31.9B -13.5% Q4 €37.9B +24.4% €42.9B +13.1% €31.3B -27.0% Total €132B +23.5% €159B +20.3% €142B -10.6% The year-on-year ...
Continue reading Spanish Government Data Conceals Scope of Downturn
May 1st, 2008
The Spanish Instituto Nacional de Estadistica (INE), or National Statistics Institute, has published the findings of its research into the Spanish property market and revealed that property transfers across the country fell by 14.1% y-o-y in February and 9.1% on January’s figures. In terms of total transactions, or ‘merchanting’ as ...
Continue reading Spanish Property Transfers Fall 14%
April 29th, 2008
Hats off to the developers and promotors in Catalunya for coming up with real-world solutions for the current property market. Reducing off-plan prices by 40% seems like a sensible move to me. I do hope the G14 developers and promotors are sitting-up and taking notes. Although the ACd'EI web site is ...
Continue reading Economic Growth in Spain
March 25th, 2008
After writing about the decline of foreign property transactions, I got my wrists slapped by Luisa at Mirodali Properties. She quite rightly pointed out that, by combining sales figures for new-build properties and resales, I had (unintentionally) distorted the actual growth rates for each province. This is because a new-build property essentially ...
Continue reading Lies, Damned Lies and Statistics
February 5th, 2008
Did you watch Panorama on BBC1 last night? Reporting on irregularities in house pricing, overvaluation and buy-to-let mortgage scams in the UK, the programme could just as easily have been made about Spain, or Turkey or Bulgaria or .. We know that any unregulated market which deals in high-value items ...
Continue reading The Best Estate Agents in Spain
January 14th, 2008
Question: Is the property market in decline on Golf del Sur, in San Miguel, Tenerife and if so by how much? What are the rental yeilds for a 3 bed villa on 2nd line? Answer: Here's our price comparison chart for Golf del Sur, and for Tenerife. Although we've been recording the ...
Continue reading Tenerife Price Trends
November 27th, 2007
I had to laugh. Just back from Las Vegas and I find that the Spanish are to build their own rival in Aragon. The climate will be a little different from Nevada though - Most of Aragon enjoys decidedly seasonal weather. We receive more and more questions about property prices ...
Continue reading Size Matters
July 20th, 2007
This report aims to provide a snapshot of the current state of the Spanish property market, from an independent, and non-sales perspective. To this end it reviews the Spanish government’s latest figures on the performance of the Spanish real estate market, and contrasts these with observations and anecdotal evidence from ...
Continue reading Spanish Property Market Q1 2007
July 13th, 2007
50% of Spain’s capital investment is in property, which is also responsible for half of all new jobs and a significant contributor to Spanish GDP. The continued inflation of house prices has put a home in Spain beyond the reach of many foreign and national buyers just when more ...
Continue reading Spanish Government in a Pickle
June 28th, 2007
A new breed of Costa con man is preying on gullible sellers, stealing money and even houses, reports Mark Stucklin. These are testing times for Britons with property to sell in Spain. There is a glut of homes on the market; properties are taking longer to sell, and prices in many ...
Continue reading Beware of Buyers who Flash the Cash
