Mortgage concessions rise 29% in February

Costa Calida Murcia

Data from the INE (National Statistics Institute) shows that mortgage concessions increased by 29.2% year-on-year in February. It marks the ninth consecutive month of rises in concessions and demonstrates that finance is becoming more readily available which is a good sign for the Spanish real estate sector. The increase meant that a total of 21,298 […]

Are Communities of Owners still liable to pay court fees?

Earlier this year the Royal Decree 1/2015 entered into force in Spain and made individuals exempt from having to pay court fees. The passing of the law has made many wonder if this exemption will also apply to Communities of Owners even though they are not technically an individual. Spanish law differentiates between the individual […]

Property sales up 15.5% in February

Sales rose by 15.5% year-on-year this February to a monthly total of 29,714 according to data released last week by the Spanish National Statistics Institute (Instituto Nacional de Estadística: INE). The rise means that property sales in Spain have now strung together six consecutive months of increases. The trend of resales driving the market continues […]

House prices rise on the Mediterranean Coast

The house price index compiled by the Spanish valuations company Tinsa has shown prices on the Mediterranean Coast as having risen for the first time since January 2008. The year-on-year increase for March is marginal at just 0.2% but is still extremely significant particularly when one considers that prices on the coast have fallen continuously […]

Optimism reigns on post-crisis Costa Blanca

There is plenty of optimism on the Costa Blanca for the new cycle in the property sector with the coast being one of the first areas of Spain to see the re-emergence of new-build construction and now seemingly on the verge of a full recovery with prices in the coast’s best locations already rising, significant […]

Costa del Sol property market on the rebound

The Costa del Sol estate agency DM Properties, which is an associate of Knight Frank in Spain, has released its 2015 Real Estate Market Report which gives an overview of the conditions in the Costa del Sol and more specifically, Marbella, property sector during 2014 as well as forecasts for 2015 and general trends which […]

Fitch calls bottom of market but rules out rapid price increases

The ratings agency Fitch has stated that the prolonged correction in the price of Spanish property is coming to an end but warns that the subsequent recovery may be slow and localised. The agency believes that “improving access to credit is supporting a property sector recovery but poor fundamentals will make this recovery slow in […]

Why did so many foreigners buy in Spain during 2014?

2014 was a good year for sales with numbers increasing 21.6%  year-on-year to 365,342 according to the Ministry of Public Works. The Ministry’s statistics showed that sales to foreigners made up a record 16.7% of all purchases for the year, equating to 61,062 property purchases by foreigners in 2014. While this record share of the […]

Flying start to the year for sales

INE statistics show sales as having risen by 9.6% year-on-year in January getting the year off to a flying start. The increase continues the positive trend which took hold in 2014 with the year recording the first annual sales increase in four years and the January data also means that prices have now risen for […]

Changes imminent for Golden Visa programme

The Golden Visa was launched amid high levels of interest in September 2013 as a way to help reactivate the Spanish economy by encouraging foreign investment. The Spanish newspaper El País has reported that the government is now studying the possibility of making modifications to the scheme in order to improve its efficacy. So far […]

BBVA looks forward to a positive 2015

Spanish bank BBVA has released its latest Real Estate Flash report which makes predictions on how the Spanish property sector will evolve throughout 2015. The bank sees positive signs for the year ahead, and forecasts that sales will continue to rise and that we will also see small increases in prices and construction activity. The […]

Positive movement for Spanish property sector fundamentals

The latest good news regarding statistics on the health of Spain’s real estate sector is a rise in the number of construction licence concessions. The number of concessions rose 1.7% in 2014 year-on-year and adds to the positive data which has been released on both sales and prices for the year. There were 34,873 licences […]

Bankinter: Property prices set to rise 5% in 2016

Luxury property in spain

In the first of its biannual reports on the state of the Spanish property sector the bank Bankinter has predicted that 2016 will see property prices increasing by 5%. For the current year the report states that price rises will be more localised with an average national price rise of 1.5% being forecast for 2015. […]

Costa Blanca and Costa del Sol leading market recovery

Data for 2014 showed that it was the year that the Spanish property sector stabilised after the turbulent years of crisis which it had endured since 2008. When looking at this data it becomes evident that two of the provinces benefiting most from the upturn are Malaga (Costa del Sol) and Alicante (Costa Blanca). In […]

Banks increased transaction volume and value in 2014

Although Spanish banks continue to hold large portfolios of property on their books, the rate at which they are being removed is increasing. In 2014 listed Spanish banks sold and leased a total of 86,726 properties which marks an 18.7% increase on 2013. The total value of these property transactions was €13,619 million, up 6.4% […]

INE releases positive sales data for 2014

The Spanish National Statistics Institute (INE) has released its data for sales made in December 2014 and its roundup of data for the year of 2014. Results are extremely positive with sales up by 15.7% year-on-year for December and a 2.2% increase being recorded for 2014 as a whole. The annual increase ends years of […]

Spain leads European construction activity rebound in November

Eurostat data for November has shown that Spain’s construction sector posted the strongest growth in the European Union with a 15.9% year-on-year increase in activity. The average growth recorded for countries in the EuroZone was 2.2% while for the European Union as a whole the figure was 2.5%. Spain’s rise in activity put it well […]

Moody’s and Eurostat see positives in Spanish property sector

The credit ratings agency Moody’s and the European Union statistics institute Eurostat see Spanish property prices as having bottomed out. According to Eurostat the price of property in Spain increased by 0.2% in the third quarter of 2014 while Moody’s believes that price data is improving in line with the strengthening of the Spanish economy. […]

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