Articles tagged as: spanish property

January 22nd, 2015

Spain registered a 15.9% increase in production in the construction sector in November, over the same month of 2014, the largest increase recorded in the whole of the European Union (EU), according to the EU Statistical Office, Eurostat, and is even higher than the percentage registered in October (+13.9%). The EU ...

Continue reading Spain – European Country with Biggest Increase in Construction

January 20th, 2015

The number of home sales registered in November in Spain reached a total of 31,576 transactions, according to the latest statistics released by the General Council of Notaries, which represents a year-on-year increase of 14%, rising to 18.5% in seasonally adjusted terms. According to the Notaries, these figures reflect a "stabilisation" ...

Continue reading Home Sales Rose by 14% in November

January 16th, 2015

The latest data released from the Bank of Spain reveals that the net financial wealth of Spanish families reached 1,134,131 million euros in the third quarter of 2014, which represents a decrease of 0.17% compared to the previous quarter, and is the first quarter-on-quarter decline since the end of 2012. ...

Continue reading Family Wealth Fell in Q3 for First Time Since 2012

January 15th, 2015

According to a recent survey conducted by the property portal, fotocasa.es, entitled "Profile of the Homebuyer in 2014", 32% of the Spanish who bought a property in 2014 paid for it in cash, compared with 62% who did so with mortgage financing and the remaining 6% who said they had ...

Continue reading 3 Out of 10 Spanish Paid Cash for Home Purchase in 2014

January 13th, 2015

The economic confidence of Spain in December stood at its highest rate since June 2007, before the outbreak of the financial crisis that led to the great economic recession, reaching 105.6 points, compared with 104.2 the previous month, thanks to improvements experienced among consumers, services and the retail trade, according ...

Continue reading Spain’s Economic Confidence Highest Since June 2007

January 13th, 2015

Data from the latest Statistics on Transfer of Property Rights published by the National Statistics Institute on Monday show that, as a result of the sharp rise in transactions on second-hand properties, the number of home sales transactions carried out in November reached a total of 25,200, which represents an ...

Continue reading Home Sales Rose by 14% in November Y-o-Y

January 12th, 2015

According to various real estate experts and analysts, 2015 will be a good year for the real estate sector in Spain, especially the housing market. The predicted renewed demand for housing will be due to the stabilisation of prices, improved access to affordable financing and an increase in the supply ...

Continue reading 2015 – Year of Change for Housing Sector

January 9th, 2015

According to the conclusions contained in the January Multi-Country Report published by the International Monetary Fund (IMF), housing prices appear to have bottomed out in Denmark, Ireland, the Netherlands and Spain. The report noted that “the metrics suggest that housing prices in Spain, Ireland, Denmark and the Netherlands have come ...

Continue reading Spanish Housing Prices Have Already Bottomed Out, Says IMF

January 8th, 2015

Data recently released from the Bank of Spain announced that the 12-month Euribor, the main mortgage reference for variable rate mortgages, fell to a record low of 0.329% in December, whereas in December 2013, the Euribor stood at 0.543%. At that time, the average mortgage value for the purchase of ...

Continue reading Low Euribor Reduces Mortgage Payments

January 5th, 2015

According to a recent ranking prepared by luxury real estate agents, Engel & Völkers, taking into account the most expensive property transactions carried out worldwide in recent months and also data from various market analyses, Port D’Andratx in Mallorca is one of the 25 most exclusive residential areas in the ...

Continue reading Mallorca’s Port D’Andratx On List of World’s Most Exclusive Residential Areas

January 1st, 2015

At the close of the year the price of second hand housing in Spain stood at an average of 1,594 euros per square metre, which represents a decline of 5% compared with a year earlier, according to the latest house price index published by property portal, idealista.com. The portal’s data indicates ...

Continue reading Price of Resale Homes Fell by 5% in 2014

December 31st, 2014

The number of applications for building permits to construct new housing in Spain surged by 6.7% in the first ten months of the year, compared with the same period of 2013, one percentage point more than in September, to stand at a total of 30,858 applications, according to the Ministry ...

Continue reading House Building Permits Rose by 6.7% to October

December 29th, 2014

Between January and September 2014, the value of private housing transactions in Spain amounted to a total of  32,516.4 million euros, representing an increase of 25% compared with the same period of the year before, when the total value of the transactions stood at 25,999.8 million euros. Thus, according to the ...

Continue reading Real Estate Transactions Rise 25% to September

December 29th, 2014

According to a study conducted by the internet portal, Plan Reforma, which offers individuals a tool to calculate how much it would cost to build, or reform, the home of their dreams, there has been a general increase in the desire of the Spanish to build their own homes. The study ...

Continue reading Intentions to Build a Home Increases by 70%

December 24th, 2014

During the month of October this year, construction sector activity in Spain registered a 13.9% increase in production compared to the same month of 2013, according to the European Union statistical office, Eurostat. This percentage corroborates the data of recent months, which placed Spain as a European reference in the ...

Continue reading Construction in Spain Records Highest Production Increase in the Eurozone