Articles tagged as: spanish property

September 19th, 2014

Data from the General Council of Notaries, which is for many the most reliable and closest to reality reference when it comes to the housing market in Spain, have again published negative figures for the month of July, both in the number of sales (-9.8%) as well as the prices ...

Continue reading Housing Market Recovery Will Have to Wait, Say Notaries

September 18th, 2014

The average price of rental housing fell by 0.7% in August over the same month in 2013, according to the Consumer Price Index (CPI) published by the National Statistics Institute on Friday. The adjustment is, however, one tenth lower than that of July (-0.8%). With this latest reduction, rental prices have ...

Continue reading Home Rental Prices Accumulate 17 Months of Declines

September 17th, 2014

According to statistics released by the Spanish Ministry of Development last week, home values fell by 2.9% year-on-year in the second quarter of 2014, to a price per square metre of 1,459.3 euros. This is the lowest recorded reduction since 2008, and all indications are that the discounts are coming ...

Continue reading Government Statistics Show House Prices Still Falling

September 16th, 2014

Provisional data published by the National Statistics Institute on Thursday last week indicated that home sales in Spain rose by 10.7% in July, over the same month of 2013, to a total of 28,583 transactions, driven by a surge in the second hand market. The year-on-year increase in July is the ...

Continue reading Home Sales Increased by 10.7% in July Year-on-Year

September 15th, 2014

According to the latest monthly IMIE house price index prepared by the property appraisal company, Tinsa, the price adjustment in the housing market appears to be coming to an end, but has left behind a trail of declines which has led to home values in August 2014 being 41.8% cheaper ...

Continue reading Housing Now Costs 41.8% Less Than in 2007

September 11th, 2014

According to the international study, Randstad Workmonitor, almost six out of ten Spanish workers between the ages of 18 and 24, namely, 56%, are confident of remaining in their job during the next six months, which is one point higher than last year. In fact, El Economista reported that the study ...

Continue reading 56% of Young Spanish Workers Confident of Keeping Their Jobs

September 9th, 2014

According to the latest Kyero enquiry report: - 18.2% of foreign Spanish property buyers are French - 51% of enquiries for properties within an hour’s drive of France - 800,000 French citizens are Spanish speakers It may come as no surprise that the English are the biggest foreign purchasers of Spanish property. For ...

Continue reading French cross the border in search of bargain Spanish property

September 5th, 2014

According to the latest house price index of repeated sales (IPVVR) prepared by the College of Property Registrars, house prices showed a 0.97% increase year-on-year during the second quarter of 2014, representing their first increase in the last six years, although the number of home purchases in this period declined ...

Continue reading House Prices Rise for First Time in Six Years

September 1st, 2014

In mid-July the Spanish Government approved a housing plan, with an allocated budget of 2,311 million euros up to 2016, which is focused entirely on the promotion of rental housing, restoration and energy efficiency. The construction sector’s participation in the field of restoration in Spain only reaches 28% of the total ...

Continue reading Spanish Government to Provide Grants for Housing Reforms

August 29th, 2014

The total number of new mortgages granted on homes recorded in the land registries (from previous public deeds), stood at 17,137 in June, exceeding by 19% the figures for the same month in 2013, according to provisional data published this week by the National Statistics Institute. With June’s year-on-year growth, home ...

Continue reading Home Mortgages Increased by 19% in June, Year-on-Year

August 28th, 2014

In July, Huesca was the Spanish province where the greatest discounts were requested from people interested in renting a home, with the potential renters making offers an average of 18.9% lower than the prices sought by the owners, according to data from the property portal idealista.com. At the end of July, ...

Continue reading Largest Rental Property Discounts Requested in Huesca Province

August 27th, 2014

Although the number of companies in bankruptcy in Spain fell by 30% in the second quarter of this year, compared with last year, 25% were construction companies and, according to the National Statistics Institute’s data, the construction sector has led the bankruptcies in Spain since 2008. More than a quarter of ...

Continue reading Construction Sector Leader in Spain Bankruptcies Since 2008

August 26th, 2014

Early estimates published last week by the EU statistics office, Eurostat, indicate that, in the second quarter of the year, Spain was the European Union (EU) country where construction output rose most, after registering an increase of 7.0%. Spain was also the fourth country in the EU with the largest year-on-year ...

Continue reading Spain Leads European Construction Growth in Second Quarter

August 25th, 2014

Only five eurozone countries continue to market mortgages containing the ground clause, a provision that prevents the consumer from taking advantage of decreases in the Euribor. According to a study prepared by the independent consumer comparison website, Kelisto.es, these countries are Spain, Belgium, France, Italy and Portugal. The portal reminded that ...

Continue reading Spain Still Selling Mortgages with Controversial Ground Clause

August 21st, 2014

The Sareb (Company for the Management of Assets proceeding from Restructuring of the Banking System) closed the first half of 2014 with revenues of 1,696 million euros. Of this, 74% comes from the management and sale of financial assets and the remaining 26% from real estate assets, according to information provided ...

Continue reading The Sareb Sold 8,104 Properties to June