spanish property
June 18th, 2013
The sale of homes rose 10.8% in April, over the same month of 2012, to 23,578 transactions, seemingly despite the end of the tax credit for the purchase of a home, and the increase in VAT on the sale of new builds from 4% to 10%. The National Statistics Institute’s ...
Continue reading Home Sales Bounce Up 10.8%
June 17th, 2013
Real estate appraisals, Tinsa, reported last week that the average house price in Spain registered a year-on-year decrease of 10.4% in May, very similar to that of the previous month (-10.5%), and has accumulated a drop of 37.4% since the maximum prices reached in December 2007, before the crisis. Thus, the ...
Continue reading House Prices Have Fallen 37.4% Since 2007, Says Tinsa
June 14th, 2013
According to the latest data from the Ministry of Development, the number of permits granted for the reform or restoration of houses stood at 5,266 in the first quarter of the year, which represented a decrease of 13.1% compared to the same period in 2012 (6,060 permits granted). Thus, the ...
Continue reading Housing Reforms Fell by 13.1% in Q1
June 12th, 2013
According to data published on Thursday by the National Statistics Institute, 8,938 new companies were created in Spain in April, representing an increase of 30.5% over the same month in 2012. This is the second increase so far this year, after February’s rise of 3.2%. The capital subscribed for their establishment ...
Continue reading Number of New Companies Up 30.5% in April
June 11th, 2013
Banco Santander has reached an agreement with the Sareb to create a specific line of funding for the purchase of real estate assets of the so-called 'bad bank', or credit associated with promoters which is in the hands of this management company. The product, with preferential conditions, has been named ...
Continue reading Santander Launches Mortgage for Sareb Assets
June 6th, 2013
The Bank of Spain estimates that house prices have fallen by 34.4% in real terms since the beginning of the adjustment process in the second quarter of 2008. This is according to their 2012 Annual Report, which also notes that the downward trend has continued in the first months of ...
Continue reading House Prices Have Fallen by 34.4%, Says Bank of Spain
June 4th, 2013
Citizens from the United Kingdom, Russia and France were those who bought most homes in Spain in the first quarter of 2013, according to statistics from the College of Property Registrars. Due to the property transactions taking two or three months to be registered as a result of administrative procedures, ...
Continue reading Top Foreign Home Buyers in Spain are British, Russian and French
June 3rd, 2013
Since their campaign, entitled 'Impossible not to buy', began in mid-March with discounts of up to 40%, Solvia, the real estate branch of Banco Sabadell, has sold 5,946 homes and has launched a new website and telephone service hotline in Russian in order to attract buyers from this country. Solvia stressed ...
Continue reading Sabadell Sells 5,946 Homes in Two Months
May 31st, 2013
The Spanish Government are to facilitate and expedite the granting of residency permits to foreigners making real estate acquisitions in Spain of "over half a million euros". This was announced earlier this week by Spain’s Deputy Prime Minister, Soraya Saenz de Santamaria, in a press conference following the approval of ...
Continue reading Foreigners Buying Property Over Half a Million Euros to Get Residency
May 30th, 2013
According to figures released on Tuesday by the National Statistics Institute, the number of mortgages on homes reached a new low in March, dropping by 34.1% over the same month of 2012, to stand at 16,270 transactions. The annual decline in March, with which mortgages have accumulated 35 consecutive months ...
Continue reading Mortgages Mark New Low in March After Falling by 34.1%
May 24th, 2013
The latest statistical results of residential property transactions made before a notary, published on Wednesday on the Government website, La Moncloa, show that 54,512 homes were sold in Spain in the first quarter of 2013, representing a drop of 21.5% compared to the first quarter of 2012. According to these results, ...
Continue reading 54,512 Homes Sold in Spain in Q1
May 22nd, 2013
Production in the construction sector in Spain increased by 16.6% in March, compared with the same month in 2012, and represented the highest growth rate in the whole of the European Union, according to data released on Friday by the European Commission statistical agency, Eurostat. After two months of declines, the ...
Continue reading Construction in Spain Recorded Highest Growth in EU
May 21st, 2013
According to a study by consultor Deloitte published last week, Barcelona, Castellón, Alicante and Madrid are the Spanish provinces which account for the most available 'stock' of unsold new homes. Specifically, of the 50 provinces analysed, Barcelona (with 60,077 units), Castellón (54,274), Alicante (49,333) and Madrid (45,537) are the ...
Continue reading Spain Reducing ‘Stock’ of Unsold New Homes
May 20th, 2013
According to the Ministry of Development, during the first two months of 2013, construction was completed on 10,919 new homes in Spain, which represents a decrease of 44% compared to the same period in 2012 when 19,520 new homes were completed. Thus, the figure for homes completed at the beginning ...
Continue reading Number of Newly Constructed Homes Falls Again
May 15th, 2013
According to data published by the National Statistics Institute on Monday, home sales in Spain fell 12.6% in March compared with the same month of 2012, to a total of 22,086 transactions, the lowest figure since April last year, when these transactions reached just over 21,500. The March decline comes ...
Continue reading Home Sales Fell by 12.6% in March
