tag:blogger.com,1999:blog-63962782008-04-29T15:14:08.614+02:00EuroresidentesBlogger89125tag:blogger.com,1999:blog-6396278.post-84884995651146566092008-04-29T15:09:00.002+02:002008-04-29T15:14:08.720+02:00

The Ministry for Housing looking at ways of helping divorced and separated couples The Ministry for Housing has announced that it will look at ways of expanding public assistance for young people as well as divorced or separated couples in the new State Plan 2009-2012. The Ministry of Housing also confirmed that it expected property prices to ‘moderate’ further, although it insisted that it

Euroresidentestag:blogger.com,1999:blog-6396278.post-75876683912019028022008-04-25T14:43:00.002+02:002008-04-25T14:49:55.025+02:00

The president of the Association of Spanish Constructors and Promoters (APCE), Guillermo Chicote, yesterday confirmed that the sale of flats went down by up to 60% between September and April and that there is now a surplus of around 500,000 unsold properties. Gerardo Díaz Ferrán, from the CEOE also warned that if the government did not adopt ‘brave and aggressive’ measures to alleviate the

Euroresidentestag:blogger.com,1999:blog-6396278.post-14444323510468000662008-04-21T15:38:00.002+02:002008-04-21T16:55:46.761+02:00

House prices fall in Spain for the first time in 10 years The fall in property prices in Spain is now official. House prices have fallen for the first time in 10 years according to figures published today by the Housing Ministry which show that prices have risen by 4% since April 2007 which is 0.5% less than the rate of inflation for this period. During the last property crisis, which occurred

Euroresidentestag:blogger.com,1999:blog-6396278.post-16960315069485066222008-04-04T17:57:00.000+02:002008-04-08T17:58:52.731+02:00

The IMF calculates that property is overvalued by 20 percent in Spain The International Monetary Fund (IMF) warned yesterday that a drop in the price of properties and investment in the residential property sector in particular could lead to recession. Although this is not the case in Spain yet the IMF has indicated that it believes properties to be overvalued in Spain by around 20%, a

Euroresidentestag:blogger.com,1999:blog-6396278.post-43813311061317128582008-03-27T09:49:00.002+01:002008-03-27T10:13:55.621+01:00

25% drop in number of mortgages confirms problems in property market Despite the government’s predictions of a smooth adjustment in the property market figures for property sales published today by the Spanish National Institute of Statistics (INE) tell a different story. These figures show that property sales have fallen by 27% compared to the same period last year. Another indicator of the

Euroresidentestag:blogger.com,1999:blog-6396278.post-16031290460463463282008-02-28T09:23:00.002+01:002008-02-28T09:36:02.174+01:00

Number of mortgages in Spain fall by 8% in 2007 Despite the slowdown in the Spanish housing market the value of an average mortgage for a house or flat in Spain went up last year to 149,007 euros. This is 6.2% more than the average for 2006 in which mortgages increased by 12.6%. However, the total number of mortgages taken out for the purpose of buying a home went down by 7.97% to 1,235,212

Euroresidentestag:blogger.com,1999:blog-6396278.post-10267126978883573972008-02-08T13:51:00.000+01:002008-02-08T13:56:37.705+01:00

Housing Minister predicts 97% of applications for help towards renting will be accepted Recently the Spanish government set up a scheme for those aged between 22 and 30 years old under which they can receive up to 210 euros per month Spanish subsidies towards the cost of renting (Renta Básica de Emancipación). Today the Spanish Housing Minister, Carme Chacón, said that she believes that up to

Euroresidentestag:blogger.com,1999:blog-6396278.post-46585295621479879702008-01-25T11:48:00.000+01:002008-01-25T11:53:19.656+01:00

The crisis in the property sector causes developers to find alternative use for the empty properties and they are trying to negotiate an agreement with the government renting agency set up by the Socialist government two years ago. In little more than 2 months the Public Agency for Renting in Spain (SPA) created by the Ministry of Housing has received the offer of 6000 newly built flats from

Euroresidentestag:blogger.com,1999:blog-6396278.post-75035752618264496002008-01-18T10:38:00.000+01:002008-01-18T11:17:02.681+01:00

Spain’s contruction industry experiences highest drop in production in November compared to all other EU countries According to figures published by the EU statistics office (Eurostat) production in Spain’s construction industry dropped by 3.9% in November 2007 compared to the previous month. During this period the real estate sector throughout the Euro zone suffered a fall in productivity of

Euroresidentestag:blogger.com,1999:blog-6396278.post-54842492762518213292008-01-10T14:38:00.000+01:002008-01-10T14:58:16.509+01:00

According to recent statistics published by Spanish newspaper El Mundo, 33.63% of people who take out a mortgage in order to buy property in Spain are immigrants. This figure is expected to increase in the future especially in the market for used properties. José Luis Álvarez Arce a lecturer on the Spanish economy for the University of Navarra said that the Spanish property market is noticing

Euroresidentestag:blogger.com,1999:blog-6396278.post-37079134634192440582007-12-17T09:40:00.000+01:002007-12-17T09:42:08.601+01:00

Pact to guarantee the right to a home in Andalucia The Andalucian regional government, business associations, trade unions, town councils and financial institutions have signed the biggest agreement on social housing in Spain’s history. The pact agrees to build and finance 700,000 flats over the next 10 years - 300,000 of which are destined to be subsidised social housing. With this pact the

Euroresidentestag:blogger.com,1999:blog-6396278.post-35816494236885293222007-12-02T11:42:00.000+01:002007-12-02T11:49:37.819+01:00

Spain has climbed 6 places in the 2007 Human Development table published by the UN’s Development Programme (PNUD). In 2005 Spain occupied the 21st position in the table and last year it was placed 19th. However, this year it has leaped 6 places to 13th ahead of countries such as Germany(22nd), the United Kingdom (16th), Italy (20th) or Denmark(15th). Iceland appears at the top of the list. The

Euroresidentestag:blogger.com,1999:blog-6396278.post-83866038277183254642007-11-27T11:31:00.000+01:002007-11-27T11:36:26.145+01:00

Property owners in Spain who rent out their Flats could save 70% in Insurance Costs In an interview on Spanish television, the Spanish Housing Minister, Carme Chacón, spoke about government plans to help property owners rent out their flats. In the latest proposals landlords could save up to 70% on multi-risk household insurance which would protect their property against defects and damage. The

Euroresidentestag:blogger.com,1999:blog-6396278.post-12565014530046474592007-11-16T10:47:00.000+01:002007-11-16T11:06:58.582+01:00

The cost of cancelling a mortgage with a Spanish bank is to drop by 80% The Economic and Finance Commission for the Senate is expected to pass the law on reforming the mortgage market so that this proposed legislation can be sent directly to congress. If the law is passed it will reduce the cost of modifying the conditions of a mortgage by up to 80%. It won’t have to go to the upper chamber

Euroresidentestag:blogger.com,1999:blog-6396278.post-62190360535084060532007-10-26T09:37:00.000+02:002007-10-26T09:39:25.645+02:00

In a congress organized by APD Spain’s main construction companies have said that the price of property could rise sharply within two years if more land is not made available for new buildings. Fernando Martín, the president of Fadesa, complained that the procedures for making land available to build on could take up to six years in Spain when in other countries such as Morocco or Mexico it had

Euroresidentestag:blogger.com,1999:blog-6396278.post-60538211584578062092007-10-19T11:17:00.000+02:002007-10-19T11:28:24.879+02:00

Yesterday it was reported that a Spanish building promotor in Avila had begun demolishing forests and clearing land to carry out a massive building project without even having obtained a water license. This means that the construction company will be unable to guarentee water supply to possible property buyers. Not only have an estimated 6700 trees been cut down in an ecologically sensitive area

Euroresidentestag:blogger.com,1999:blog-6396278.post-20173692439700787922007-10-16T07:17:00.000+02:002007-10-16T07:19:14.539+02:00

Spanish Government to offer new incentives to rent The government is planning to introduce new measures to promote renting flats and houses. Firstly the Public Agency for Renting Property (la Sociedad Pública de Alquiler - SPA) is to give tenants a special type of guarantee to offer landlords. Secondly SPA is currently trying to get more properties onto the rental market by offering property

Euroresidentestag:blogger.com,1999:blog-6396278.post-45360487038146401232007-10-03T09:28:00.000+02:002007-10-03T09:41:46.427+02:00

American Agency Moody’s detects 5 Spanish savings banks at risk. Financial analysts at Moody’s believe, like the Spanish government, that property prices in Spain will continue to rise slowly. However, the agency doesn’t rule out other possibilities such as a slight drop in prices in the Spanish property market. It believes that if this situation arises then Spanish banks, above all regional

Euroresidentestag:blogger.com,1999:blog-6396278.post-47424905634142416892007-09-25T09:20:00.000+02:002007-09-25T09:23:06.933+02:00

According to a recent study carried out by The Economist, flat prices in Spain are rising below the international average rate. The study undertaken by the magazine looked at the evolution of prices in the second quarter of 2007 and included 20 countries from all over the world. The Economist found that in the second quarter this year property prices in Spain rose by just 5.8% compared to 6.66%

Euroresidentestag:blogger.com,1999:blog-6396278.post-68183698412105795542007-08-30T14:52:00.000+02:002007-08-29T15:03:00.011+02:00

Selling a flat in Spain takes on average 4 months, one month longer than two years ago According to information from DonPiso, a national chain of estate agents, the average time it takes to sell a flat has increased by 40% over the last two years from 86 days in 2005 to 120 days in 2007. The report claims that the increase in the time it takes to sell a flat in the Spanish property market is a

Euroresidentestag:blogger.com,1999:blog-6396278.post-33131478432598450352007-08-06T13:55:00.000+02:002007-08-06T13:57:26.813+02:00

Spanish real estate website Idealista has confirmed that over the last three months while two thirds of property owners who wish to sell their properties have refused to budge, prices for one out of every three properties for sale on its website in Madrid and Barcelona have been lowered by nearly 5%. In fact official figures for the second quarter this year indicate that property prices have

Euroresidentestag:blogger.com,1999:blog-6396278.post-43397891563821981022007-07-23T14:23:00.000+02:002007-07-23T14:36:32.168+02:00

Zapatero to help the young by making housing more accessible The Spanish president, José Luis Rodríguez Zapatero, has promised that the government will make housing policy a priority in order to make more housing available to a high number of young people. Zapatero made these declarations yesterday in the closing ceremony of the 23rd Young Socialists Federal Congress in which he indicated

Euroresidentestag:blogger.com,1999:blog-6396278.post-39274037638044528342007-07-10T12:56:00.000+02:002007-07-10T13:15:44.911+02:00

The "reverse mortgage" in Spain is based on a simple idea aimed at helping those over 65 years old who own their own house or flat but find it difficult to make ends meet at the end of the month. With a ‘reverse mortgage’ they can receive payments from the bank monthly over a limited length of time or a one off payment and continue to live in their own homes for the rest of their days. Although

Euroresidentestag:blogger.com,1999:blog-6396278.post-64578829933398062172007-07-04T13:47:00.000+02:002007-07-04T14:02:51.706+02:00

The housing market in Spain is slowing down according to recent studies carried out by 2 internet property-selling sites in Spain. Both studies show that there has been a drop in price rises for used housing in Spain during the last year. The study by Facilisimo highlights that prices rose by just 1.8% until June 2007, and that prices have infact dropped in 4 Autonomous Regions and 15

Euroresidentestag:blogger.com,1999:blog-6396278.post-26310453230391741942007-06-21T09:54:00.000+02:002007-06-21T10:08:15.565+02:00

Flats and Houses take 10 times longer to sell today than in 2004 A report on the sale of second homes in Spain by Grupo I has found that while in 2004 a promotion of apartments or terraced houses on the Spanish coast took between 2 and 3 months to sell, today similar properties can take as long as up to 2 years to sell. According to the study the slow down in the housing market is most

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