Articles tagged as: spanish property

October 31st, 2014

The average price of rental housing in Spain at the close of September stood at 6.75 euros/m2 per month, according to data from a report prepared by the real estate website fotocasa.es, entitled "Rental Housing in the Third Quarter of 2014". Since prices peaked in May 2007, when they stood ...

Continue reading 14 Spanish Regions Register Rent Increases in Q3

October 29th, 2014

It has been widely reported that the decline in housing prices is coming to an end in Spain, in general, although the European Central Bank (ECB) and the European Banking Authority (EBA) warn that they still could have some way to go. Published along with the European and Spanish banks’ stress ...

Continue reading Could Spanish House Prices Drop by another 8.1% to 2016?

October 28th, 2014

Between January and June 2014, the value of transactions carried out by foreign residents in Spain for the purchase of private housing, amounted to 4,196.2 million euros. According to the Ministry of Development, this amount is 36% higher than that registered in the same period of 2013, when it stood at ...

Continue reading Foreign Residents Spend 36% More on Housing

October 24th, 2014

During the third quarter of 2014, Spain registered a record volume of investment in tertiary real estate, of nearly 3,500 million euros, according to the leading international consultancy CBRE. Higher activity levels had previously only been recorded during the real estate bubble in 2007. Spain is the third country in Europe ...

Continue reading Spain Registers Record Investment in Tertiary Real Estate Sector

October 23rd, 2014

The price of housing in Spain is still above the historical average, according to the House Price-to-Income ratio used by the International Monetary Fund in their quarterly Global Housing Watch report. According to this ratio (updated to the second quarter of 2014), the price of housing in Spain stands at 15% ...

Continue reading Housing in Spain Still Expensive in Relation to Earnings

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