spanish real estate
May 17th, 2013
According to the Spanish Real Estate Market Index (Imie), published by the real estate appraiser, Tinsa, housing prices fell 10.5% in April compared to the same month of 2012, and have accumulated a decline of 37.2% from the peaks reached in December 2007, before the property bubble burst. By area, housing ...
Continue reading House Prices Fell by 10.5% in April, Says Tinsa
May 3rd, 2013
House prices in Spain fell by over 13% in 2012, even further than the declines registered in the years 2011 (-10.5%) and 2010 (-6.6%), and accumulated a drop in their value of around 30% since their peak levels in the first quarter of 2008. This is reflected in the 2012 statistical ...
Continue reading House Prices Fell by Over 13% in 2012, Accumulating Drop of 30%
April 30th, 2013
According to the Spanish Real Estate Market Index (Imie) published by real estate appraisers, Tinsa, house prices reduced by 12.1% in the first quarter of the year, taking them back to the values that were recorded in 2004. The fall in the first three months of the year is similar to ...
Continue reading House Prices Dropped 12.1% in Q1, Says Tinsa
April 10th, 2013
Despite the economic uncertainty surrounding the country and the global recession, foreign investors are continuing to put their confidence in Spanish real estate. In fact, according to statistics from the Bank of Spain, during 2012, international property investment in Spain grew by 17% to more than 5,445 million euros. However, this ...
Continue reading Spanish Property Continues to Attract Foreign Investors
March 1st, 2013
According to the latest real estate transaction statistics released by the Ministry of Development - and as already indicated by the notaries (+2.7%) - the housing market showed some signs of recovery in 2012. In total, during the last financial year 361,631 housing transactions were completed, representing a 3.6% increase ...
Continue reading Home Sales Defy Crisis to Increase by 3.6% in 2012
January 11th, 2013
The average price of housing in Spain reduced by 11.3% in 2012 over the previous year, a more moderate adjustment than that experienced in previous months, due to a spike in the number of transactions generated to beat the 31st December deadline for the end of tax deductions and the ...
Continue reading House Prices Fell by 11.3% in 2012
January 9th, 2013
According to real estate consultant Eduardo Molet, 84% of Spanish real estate agencies have closed since 2006 due to the economic crisis, which has resulted in the destruction of more than 105,000 jobs. Molet predicts that the situation will worsen even more during 2013 due to the end of the ...
Continue reading Housing Demand Will Fall “As Never Before”, Warns Expert
November 1st, 2012
According to a recent report by consultancy firm DBK, the number of completed homes in Spain will fall by 30% in 2012, to 130,000 units, which is a figure five times less than the maximum recorded of 660,000 homes which were completed in 2006. Thus, 2012 will be the second year ...
Continue reading Number of Completed Homes Will Fall by 30% in 2012
September 4th, 2012
Investment by Spanish citizens in property outside Spain fell by 50% during the first three months of the year, to stand at 95 million euros, the lowest amount recorded in a quarter since the end of 2010. In the first three months of the year foreigners invested 1,163 million euros buying ...
Continue reading Spanish Investment in Homes Abroad Halved
August 27th, 2012
Deutsche Bank recorded a 40.5% default rate, at the end of June, on loans to the Spanish property sector, according to a report from the entity sent to the National Securities Market Commission (CNMV). Between January and June, the German bank registered 436.4 million euros in loans for construction and real ...
Continue reading Deutsche Bank Recorded 40.5% Defaults on Spanish Property Loans
August 6th, 2012
The value of the housing stock in Spain (now exceeding 26 million units) has fallen by around 360,000 million euros in 2010 compared to their peak, recorded in 2008, according to a recent study by the BBVA Foundation and the Valencian Institute of Economic Investigations (Ivie). The study attributed the ...
Continue reading Value of Spain’s Housing Stock
July 12th, 2012
According to the Spanish Real Estate Market Index (IMIE) from real estate appraisal firm Tinsa, the average price of a house in June had a decrease of 10.8% compared to the same month of 2011, marking a cumulative adjustment of 30.4% since December 2007, when property prices reached their highest ...
Continue reading House Prices Have Fallen 30.4% Since 2007
May 29th, 2012
According to a recent real estate analysis carried out by Deloitte, Spanish households spend 39.4% of their income on mortgage payments, despite the fall in house prices in recent years. A fact that explains why the 'stock' of unsold new homes is not being absorbed at the speed desired by ...
Continue reading Mortgage Sucks 39% of Spanish Family Income
May 14th, 2012
The eurozone countries want independent experts to value the toxic real estate assets that Spanish banks have on their balance sheets in order to increase transparency. The Eurogroup also expects the Government to demand entities to make "a very substantial increase in their provisions" in order to meet potential losses ...
Continue reading Eurozone Wants Independent Study of Spanish Banks’ Assets
April 27th, 2012
Spanish house prices are continuing to fall, according to the recent statistics published by Tinsa. Their Spanish Real Estate Market Index shows a reduction of 9.2% during the first quarter of 2012 over the same period of 2011. Tinsa’s index reflects the change in price per square metre of real estate ...
Continue reading Tinsa Adds New Geographical Breakdowns to their Report
