Articles tagged as: spanish property

October 21st, 2014

The various organisations’ statistics on housing values in Spain continues to confuse as, over the last week, the Sociedad de Tasación, Tecnocasa or Eurostat have talked about either a stagnation in housing prices or even increases. However, according to the appraisal company Tinsa’s latest IMIE Index, the average price of ...

Continue reading House Prices Down 4.2% in September

October 20th, 2014

According to the World Wealth Report, prepared by Credit Suisse, the number of people in Spain with a net worth of at least one million dollars (740,000 euros) experienced a strong increase, of 24%, between mid-2013 and the first half of 2014, to reach a total of 465,000, which is ...

Continue reading 465,000 Spanish Millionaires

October 17th, 2014

According to a recent report from real estate intermediation company, Tecnocasa, based on purchases that they have brokered, property price reductions have come to an end, at least where second hand homes in the city of Madrid are concerned. They reported that the average price of second hand property in ...

Continue reading Anchor Drops on Madrid Housing Prices

October 16th, 2014

According to a recent press release from the European Union statistical office, Eurostat, the price of housing in Spain rose by 0.8% in the second quarter of 2014 compared to the same period last year, which is well behind countries such as Estonia, Ireland and the UK, where the prices ...

Continue reading Q2 Spanish House Prices Up 0.8% YoY

October 10th, 2014

SIMA Autumn 2014 will be held from 24th to 26th October in the Feria de Madrid with mortgage financing at the forefront of the exhibition. Three financial institutions (Bankinter, EVO Bank and ING Direct) have so far confirmed their participation in the event. The availability of mortgage financing comes following official ...

Continue reading Mortgage Showcase at SIMA Autumn 2014

October 9th, 2014

The number of mortgages on property rose by 19% in June and by 29% in July to 18,107, and 25% of the purchases were made by real estate companies, attracted by lower prices. The Spanish National Statistics Institute’s latest calculations indicate that the real estate market in Spain has begun to ...

Continue reading 62% of Housing Transactions in July by Investors

October 8th, 2014

According to the latest statistics released by the Ministry of Development, the Spanish housing sector is showing definite signs of recovery. Their data shows that the private housing market moved 22,255.1 million euros in Spain in the first half of 2014, which is an increase of 31% compared to the ...

Continue reading Housing Sector Transaction Value up by 31% YoY

October 7th, 2014

The average price of second-hand housing stood at 1,600 euros per square metre at the end of September, according to property portal, idealista.com, which represents a decrease of 4.4% compared with the same period last year. Between the months of June and September generalised price decreases were registered in all regions ...

Continue reading Home Resale Prices Fell by 4.4% in Q3

October 6th, 2014

The number of building licences authorised for residential new builds in Spain stood at 22,624 between January and July 2014, representing an increase of 1.3% compared to the same period in 2013 (22,316 permits), and the first increase in this statistic since 2011. Moreover, in July alone, the number of ...

Continue reading First Building Permits Rise Since 2011

October 3rd, 2014

The number of foreclosures initiated on primary residences stood at 9,611 in the second quarter of the year, a figure which is 1.5% higher than the previous quarter and 8.4% higher than the same period of 2013, according to provisional foreclosure statistics published this week by the National Statistics Institute. The ...

Continue reading Home Foreclosures Rose by 1.5% in the Second Quarter

October 2nd, 2014

The construction industry in Spain seems to have finally regained a pulse after years spent in a critical condition. El Mundo reported that national production closed the month of July on a high, consolidating its place among the European motors of the industry, to the delight of the Spanish Government. ...

Continue reading Spain Among the European Motors of Construction

October 1st, 2014

According to the latest data published by the National Institute of Statistics on Friday, the number of new home mortgages increased for the second consecutive month in July. Specifically, during the seventh month of the year, a total of 18,107 home loans were signed, which is an increase of 28.8% ...

Continue reading Home Mortgages Rose by 28.8% Year-on-Year in July

September 30th, 2014

Property on the Costa del Sol is regaining its popularity thanks to foreign demand. In the second quarter of the year, the number of home sales to foreigners in the province reached a level not seen since 2007, before the beginning of the crisis. A total of 2,499 real estate ...

Continue reading Homes Sales to Foreign Buyers in Málaga at Highest Level Since 2007

September 29th, 2014

With a stock of 500,000 dwellings and the indication of an economic recovery, Madrid launched its first real estate and tourism exhibition in Paris (Sitep) from 19th to 21st September, with the aim of attracting more French investors. Potential home buyers of French nationality have the most presence in Spain after ...

Continue reading French Citizens Purchased Some 7,000 Spanish Homes in 2013

September 26th, 2014

Home sales soared by 12% in the second quarter of the year, compared to the same period of 2013, the second consecutive quarterly rise for this indicator and the best second quarter since 2010, according to the latest data from the Ministry of Development. The number of transactions carried out in ...

Continue reading Home Sales in Q2 Reach Highest Level Since 2010