Articles tagged as: spanish property

June 29th, 2015

Property valuations for potential mortgage guarantees conducted in the first quarter of 2015 increased by 18.5% in number and by 35% in value compared to those made in the first quarter of 2014, according to data from the Spanish Valuation Association (AEV), responsible for 90% of the turnover of the ...

Continue reading Property Appraisals Up 18.5% in Q1

June 26th, 2015

In 2007, the year in which the housing bubble in Spain reached its peak, people would queue at real estate developers’ doors to buy off plan apartments on the premise that "tomorrow will be 6,000 euros more expensive". In the first quarter of that year housing transactions were closed with ...

Continue reading New Housing the ‘Ugly Duckling’ of Spain’s Real Estate Market

June 23rd, 2015

Spanish households spend 24% of their annual family budget on paying their mortgage or home rental fees, according to a report prepared by property portal, pisos.com, based on data from the National Statistics Institute’s latest Household Budget Survey. Specifically, rental payments require 26.18% of the family budget, while mortgage payments take ...

Continue reading Quarter of Household Budget Spent on Mortgage or Rent Payments

June 22nd, 2015

The latest data published by the Bank of Spain reveals that the default rate of mortgage loans for the purchase of housing fell to 5.8% in March, in the same way that the rate for developer and real estate sector loans dropped to 34.7%. In the last year, the default rate ...

Continue reading Mortgage Default Rate for Home Purchase Falls to 5.8%

June 19th, 2015

The average price of renting a home in Spain increased by 0.5% in May, over the previous month, according to the latest data from property portal, fotocasa.es, and now stands at 7.01 euros/m2 per month. In year-on-year terms, the May increase stands at 1.6%. Since reaching the maximum price levels in ...

Continue reading Price of Rental Housing Rose by 0.5% in May

June 18th, 2015

As was the case in March, home sales in Spain continued to increase in April, and transaction prices fell, according to the latest real estate statistics from the General Council of Notaries. Thus, during the fourth month of 2015, the number of home sales transactions rose by 1.9%, while their ...

Continue reading Home Sales Climb While Prices Fall

June 17th, 2015

The average price per square metre of urban land in Spain climbed by 5.9% in the first quarter of 2015, year-on-year (first quarter of 2015 over first quarter of 2014), to stand at 149.9 euros, while compared to the previous quarter, the average price per square metre registered a decline ...

Continue reading Average Price of Urban Land Rose by 5.9% Y-o-Y in the First Quarter

June 16th, 2015

The average price of rental housing in Spain fell by 0.5% in May, compared with the same month of the previous year, according to the Consumer Price Index (CPI) published last week by the National Statistics Institute, while the general CPI closed the month at -0.2%. With the May figure, El ...

Continue reading Rental Housing Prices Still Falling

June 15th, 2015

According to all recent statistics, the housing market in Spain is picking up pace, with the latest data on real estate transactions, released by the Ministry of Public Works, showing that the number of home sales increased by 4.4% during the first quarter of 2015, to reach a total of ...

Continue reading Home Sales Register Best Results Since 2010

June 12th, 2015

The holiday housing market continues to be affected by the adjustment of prices and the absence of new developer activity in the greater part of the Spanish coastal areas. However, according to a report prepared by the real estate appraisal company, Tinsa, entitled “Vivienda en Costa 2015”, in many of ...

Continue reading Holiday Home Market Picking Up in Coastal Areas

June 10th, 2015

The sale of homes in Spain increased by 9.4% in April, compared to the same month of 2014, reaching a total of 27,241 transactions, the National Statistics Institute reported yesterday. April’s year-on-year increase is more than seven points above that registered in March, when home sales rose by 2.1%. With the ...

Continue reading Home Sales Accelerate in April, Rising by 9.4%

June 9th, 2015

The number of mortgage foreclosures on homes in Spain stood at 8,802 in the first quarter of the year, a figure which is 6.9% lower than in the same period of 2014, according to the latest foreclosure statistics published on Friday by the National Statistics Institute. In quarterly terms (first quarter ...

Continue reading Foreclosures on Primary Residences Fell by 6.9% in Q1

June 8th, 2015

According to the latest data from property portal, fotocasa.es, in collaboration with the IE Business School, the average price of second hand homes in Spain stood at 1,635 €/m2 in May, and registered a monthly decline of -0.1%. Quarter-on-quarter however, the price of housing increased by 0.5% in May, compared ...

Continue reading Spain’s Second Hand House Prices Fell by -0.1% in May

June 5th, 2015

According to the latest Tinsa IMIE General and Large Markets Index, the average price of housing in Spain in May, was 1.6% cheaper than at the end of 2014, similar to the accumulated decline recorded in the Balearic and Canary Islands with respect to December 2014, which stood at 1.5%. ...

Continue reading House Prices on the Coast Rose by 1.4% to May

June 4th, 2015

Following four months in positive figures, the price of resale housing in Spain registered its first decline in 2015, falling by 0.4% in May, according to the latest real estate price index from idealista.com. With this decline, the average price of used housing stands at 1,591 euros/m2. Compared with the ...

Continue reading Price of Resale Homes Fell by 0.4% in May