Articles tagged as: spanish property

April 21st, 2014

The housing market appears to be entering a new phase after several years of depression. According to the latest statistics from the General Council of Notaries, based on actual transactions, the number of home sales in February rose by 39.8%, to 26,602 transactions, compared to the same month of 2013. ...

Continue reading Home Sales On the Increase

April 18th, 2014

Stability in the real estate market appears to be getting closer every day, at least in respect to residential construction. This is evidenced by data from the Ministry of Development which shows that 4,735 properties were completed during the first month of 2014, which is virtually the same figure as ...

Continue reading Number of Completed Homes Finally Showing Signs of Stabilisation

April 9th, 2014

The average house price in Spain fell by 6.3% during the first quarter of 2014, compared to the same period in 2013, to stand at 1,270 euros per square metre, according to the Sociedad de Tasación. Thus, the price of homes, both new and used, have accumulated a decline of 47.1% ...

Continue reading House Prices Have Fallen by 47% Since 2007

April 8th, 2014

Over the weekend of Friday 28th to Sunday 30th March more than 6,000 visitors attended the international ‘A Place In The Sun’ real estate fair in London, where there were a total of 156 exhibitors from around the world. One-third of the international exhibition (56 exhibitors) was dedicated to Spain. Other ...

Continue reading Growing Interest in Spanish Property at A Place In The Sun Exhibition

April 7th, 2014

The mortgage debt outstanding for home purchases stood at 606,774 million euros at the end of February 2014, according to the latest data released by the Bank of Spain, which is down 4.4% from a year earlier. Moreover, this figure represents the lowest level registered for this debt since April 2007, ...

Continue reading Mortgage Debt for Home Purchases at 2007 Levels

April 2nd, 2014

The price of existing homes in Spain continued to fall during the first quarter of 2014, dropping by 1.4%, to bring the price per square metre to 1,709 euros, according to idealista.com, who also indicated that the decline in year-on-year terms was 6.1%. Specifically, according to the property portal’s data, the ...

Continue reading Price of Used Housing Fell by 1.4% in First Quarter

April 1st, 2014

The number of licenses granted for new construction for residential use in Spain stood at 2,608 units in January, which is a decrease of 20.3% compared to the same month last year, when there were 3,274 licenses issued. According to data published by the Ministry of Development, the total number of ...

Continue reading New Building Permits Down 20.3% in January

March 28th, 2014

The number of new mortgages constituted on homes in January totalled 17,464, which is a drop of 32.4% over the same month in 2013, according to figures released yesterday by the National Statistics Institute. The annual decline in January, with which mortgaged homes accumulated 45 consecutive months of declines, exceeded by ...

Continue reading Home Mortgages Fell by 32.4% Year-on-Year in January

March 25th, 2014

According to a recent real estate investment study carried out by KPMG, based on the opinions of around fifty investment fund heads surveyed who invest in the European market, Spain is the second country with the best real estate investment opportunities for these funds. 71% of the respondents viewed Germany ...

Continue reading Spain – Second Destination Worldwide for Real Estate Investment Funds

March 21st, 2014

The average price of rental housing in Spain in February stood at 6.90 euros per square metre per month, after experiencing an increase of 0.5% over the previous month, according to data from the property portal fotocasa.es, analysed by the IESE Business School. This is the first recorded increase after ...

Continue reading Rental Prices Rise for First Time in 19 Months

March 20th, 2014

According to the Ministry of Development, the average price of urban land fell by 21.1% during 2013, ending the year at 147.9 euros per square metre and remained at minimum historical levels, despite registering a slight increase of 0.2% in the fourth quarter of the year compared to the previous ...

Continue reading Urban Land Prices Fell by 21.1% During 2013

March 17th, 2014

According to recent statistics released by the General Council of Notaries, the number of home sales in Spain in January registered growth of 59.2% year-on-year, while prices increased by 8.9% in that month. The agency indicated that "this upturn can be explained, in part, by the normalisation of the monthly housing ...

Continue reading Notaries Record Year-on-Year Growth in Home Sales in January

March 11th, 2014

According to the latest House Price Index published by the National Statistics Institute on Friday, private housing prices fell by 7.8% in the fourth quarter of 2013, compared to the same period the previous year, thus accumulating 23 consecutive quarters of year-on-year declines, i.e. almost six years. During the past six ...

Continue reading House Prices Fell by 7.8% in Last Quarter of 2013

March 7th, 2014

The number of self-employed persons with employees in the construction sector has fallen by 60% since 2008, which is the equivalent of 125,000 less workers in the past five years of the crisis, according to Spain’s Union of Self-Employed Workers and Entrepreneurs (UATAE). In a statement, the UATAE explained that, according ...

Continue reading 60% Less Self-Employed Workers in Construction Sector Since 2008

March 4th, 2014

The price of private housing fell by 4.2% at the close of 2013, a drop that, despite being moderate with respect to the previous two years, represents the sixth consecutive annual decline. Compared to the previous quarter, the average price of housing in the fourth quarter fell by 1.9%. El Confidencial ...

Continue reading House Prices Down 4.2% at Close of 2013