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News Articles

Property Market in Spain 2012/2013

Looking back on the previous 12 months Barbara Wood of the property finders in her annual report on the Spanish property market notes the significant differences between the second home market and the domestic market. She also points out that the second home market is divided into two sectors.

Spanish Property Sales Increase Q3 2012

Amongst all the doom and gloom surrounding the Spanish property market recently released figures from the National Institute Of Statistics offer a small note of optimism. They have just reported 22489 sales took place in October 2012 an increase of ...

Buying Property in Spain now Facilitates Residency Permits for non-EU Nationals

With the property market in Spain still in the doldrums and prices down some 50% since the peak of 2007, the Spanish Government is about to grant the right to Spanish Residency for any foreigner who purchases a property for more than 160,000 euros.

Spain's "Bad" Property Bank

The recently formed and Spanish ‘Banco Malo’ or ‘Bad Bank’ which is due to take over the stock of property owned by the 16 major Spanish banks involved in the scheme from December 31st will have a portfolio of foreclosed assets initially valued at €18.1 ...

Spanish Mortgages 40% less than peak

Recent data released by the AHE (Spanish Mortgage Association) confirms that mortgages now cost 40% less than in 2008 when the EURIBOR rate stood at over 50%.

Rates are currently fluctuating around a rate of 0.65%.  Many experts believe the rate will stay at this low level for a numbe ...

Current State of Play in the Spanish Property Market

Currently the property market in Spain has many repossessed and distressed properties available which can be purchased at significantly reduced prices compared with a few years ago. In fact, Savills report that there are properties in the Costa Blanca, Costa del Sol and Costa Calida, with discoun ...

The number of approved mortgages grows 22% in the Balearic Islands

The number of mortgages on homes in Balearic increased by 21.9% in February compared to the same month of 2009, reaching 1506, according to the National Statistics Institute (INE)

Thus, the increase recorded in February is much higher than that recorded in January, when the number of ...

FOREIGN BUYER SURGE REVEALS A DISTINCT DIVIDE IN THE SPANISH PROPERTY MARKET

A substantial increase in foreign lifestyle buyers and investors has split the property market in Spain.

Sales are up 200% in some regions when compared to 2009 - despite the Bank of Spain claiming that last year was the worst in a decade for overseas buyers purchasing in Spain.

...
Sales picking up in Spanish property market

Agents and developers in Spain are reporting increased property sales levels following the first national rise in transactions in three years.

Property sales were up 4.1% year-on-year in Q4 of 2009 to over 116,000, according to data from the Ministry of Housing. This was the housing mar ...

Taylor Wimpey announces new off plan property release in Marbella
The UK based property developer has announced plans for a new 8.5 million euro project on Spain's Costa del Sol.

The developer will begin construction in March 2010 and is due for completion in 2012.

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