Articles tagged as: spanish property

July 9th, 2015

The real estate market is continuing to show clear signs of recovery. According to the Sociedad de Tasación, the average price of new housing rose by 1.8% in the first half of 2015 - the first increase since 2007 - and by 1.4% in the last year. However, in real ...

Continue reading Price of New Housing Rises 1.8%

July 7th, 2015

Around 14% of the tourists visiting Spain last year (3.7 million) stayed in holiday homes, and spent a total of over 2,680 million euros, on both their accommodations (900 million euros) and the rest of their holiday expenses (around 1,800 million euros). These conclusions are based on a study prepared by ...

Continue reading Spanish Holiday Homes Attracted 3.7 Million Tourists Last Year

July 6th, 2015

Housing development activity is showing signs of improvement, according to Spain’s Ministry of Public Works, which announced last week that the number of building permits granted for residential new construction in Spain reached a total of 15,178 at the end of the first four months of 2015, representing an increase ...

Continue reading Residential Building Licences Up 29.9%

July 3rd, 2015

The number of mortgages constituted on homes listed in the Property Registers stood at 18,857 in April, which is 21.4% more than in the same month of 2014, according to the latest data from the National Statistics Institute, which pointed out that this data is derived from transactions carried out ...

Continue reading Home Mortgages Increased by 21.4% in April

July 2nd, 2015

Data from a recent study carried out by the real estate rental management franchise, Arrentum, on the 'Desire of the Residential Consumer in Spain', reveals that the choice of renting a home is increasing among mainly young people and retirees. According to the study, 41.7% of those surveyed aged between 18 ...

Continue reading The Young and Retired Opt to Rent

July 1st, 2015

The Alpha real estate network, which has more than 170 offices throughout Spain and Latin America, recently announced that they are seeing a growing trend in the number of young tenants becoming owners of their own home. Vice President of the company, Jesús Duque, said that: "since last summer, we have ...

Continue reading Alpha Real Estate Augurs Return of Young Home Buyers

June 30th, 2015

Bankinter has launched a new 2.05% fixed interest rate mortgage with a 10 year repayment period. When the term of the loan is 15 or 20 years, the interest rate rises to 2.40% and 2.75%, respectively. In order to be eligible for the 2.05% fixed interest rate, the mortgage applicant shall ...

Continue reading Bankinter Launches 2.05% Fixed Interest Rate Mortgage

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