Spain real estate
June 6th, 2013
The Bank of Spain estimates that house prices have fallen by 34.4% in real terms since the beginning of the adjustment process in the second quarter of 2008. This is according to their 2012 Annual Report, which also notes that the downward trend has continued in the first months of ...
Continue reading House Prices Have Fallen by 34.4%, Says Bank of Spain
June 3rd, 2013
Since their campaign, entitled 'Impossible not to buy', began in mid-March with discounts of up to 40%, Solvia, the real estate branch of Banco Sabadell, has sold 5,946 homes and has launched a new website and telephone service hotline in Russian in order to attract buyers from this country. Solvia stressed ...
Continue reading Sabadell Sells 5,946 Homes in Two Months
May 31st, 2013
The Spanish Government are to facilitate and expedite the granting of residency permits to foreigners making real estate acquisitions in Spain of "over half a million euros". This was announced earlier this week by Spain’s Deputy Prime Minister, Soraya Saenz de Santamaria, in a press conference following the approval of ...
Continue reading Foreigners Buying Property Over Half a Million Euros to Get Residency
May 30th, 2013
According to figures released on Tuesday by the National Statistics Institute, the number of mortgages on homes reached a new low in March, dropping by 34.1% over the same month of 2012, to stand at 16,270 transactions. The annual decline in March, with which mortgages have accumulated 35 consecutive months ...
Continue reading Mortgages Mark New Low in March After Falling by 34.1%
May 24th, 2013
The latest statistical results of residential property transactions made before a notary, published on Wednesday on the Government website, La Moncloa, show that 54,512 homes were sold in Spain in the first quarter of 2013, representing a drop of 21.5% compared to the first quarter of 2012. According to these results, ...
Continue reading 54,512 Homes Sold in Spain in Q1
May 21st, 2013
According to a study by consultor Deloitte published last week, Barcelona, Castellón, Alicante and Madrid are the Spanish provinces which account for the most available 'stock' of unsold new homes. Specifically, of the 50 provinces analysed, Barcelona (with 60,077 units), Castellón (54,274), Alicante (49,333) and Madrid (45,537) are the ...
Continue reading Spain Reducing ‘Stock’ of Unsold New Homes
May 20th, 2013
According to the Ministry of Development, during the first two months of 2013, construction was completed on 10,919 new homes in Spain, which represents a decrease of 44% compared to the same period in 2012 when 19,520 new homes were completed. Thus, the figure for homes completed at the beginning ...
Continue reading Number of Newly Constructed Homes Falls Again
April 29th, 2013
The price of private housing fell by 7.9% year-on-year in the first quarter and stood at 1,519 euros per square metre, a value not registered since early 2004, according to statistics published on Tuesday by the Ministry of Development. Despite this fall, the decrease in housing prices has slowed compared to ...
Continue reading House Prices Per M2 Lowest Since 2004
April 19th, 2013
According to the latest data from the Council of Notaries, based on actual notarised purchases, the sale of homes fell 13.4% in February, influenced by the new tax changes that came into force at the beginning of this year, the weakening of domestic demand, funding problems and the advance purchases ...
Continue reading Notaries Report Home Sales Fell 13.4% in February
April 17th, 2013
According to figures released at the end of last week by the National Statistics Institute, home sales in February rose by 17.3%, to 35,486 transactions. Since the Institute's report is prepared from property register data referring to closed sales from about two months previously, these figures do not reveal the real ...
Continue reading Home Sales up 17.3% in February
April 11th, 2013
In March, the average house price slowed its descent, year-on-year, to 10.7%, compared with the 11.6% drop recorded in February, after the tax benefits for home purchases were abolished from 1st January. With the March decline, real estate appraisers, Tinsa, reported on Tuesday that the cumulative adjustment for house prices has ...
Continue reading Decline in House Prices Moderates to 10.7% in March
April 1st, 2013
According to data released by the Ministry of Development last week, foreign residents in Spain completed real estate transactions on private homes amounting to 6,336 million euros in 2012. This amount represents an increase of 13.7% over the figure recorded in 2011, which was 5,573.3 million euros. The second-hand housing market ...
Continue reading Foreign Residents’ Investment in Housing up 13.7% in 2012
March 29th, 2013
The number of new home mortgages stood at 25,447 in January, which is down 12.4% from the same month of 2012, according to figures released on Tuesday by the National Statistics Institute. The year-on-year decline in January, with which mortgaged homes accumulated 33 consecutive months of falls, is less pronounced than ...
Continue reading Mortgages on Homes Fell by 12.4% in January
March 26th, 2013
According to data emerging from the XVI Housing Market Report prepared by Tecnocasa, during the first quarter of 2013, 55% of those buying homes paid cash for the transaction - a period in which more than half of all properties sold were priced at less than 100,000 euros, with the ...
Continue reading More Buyers Paying Cash for Homes
March 19th, 2013
According to the Housing Price Index published by the National Statistics Institute on Friday, the price of private homes in Spain fell an average of 13.7% in 2012 compared with the previous year, thus registering its fifth consecutive annual decline, and its biggest since the outbreak of the crisis. During the ...
Continue reading House Prices fell by 13.7% in 2012
