Buying property in Spain

tag:blogger.com,1999:blog-63962782010-03-17T11:02:26.017+01:00Buying property in SpainEuroresidenteshttp://www.blogger.com/profile/16271679408103982858euroresi@euroresidentes.comBlogger159125tag:blogger.com,1999:blog-6396278.post-34368714745557544932010-03-17T11:01:00.001+01:002010-03-17T11:02:26.024+01:00Price of housing in Spain falls

Price of housing fall by 4.3% in 2009 The price of housing went down by 4.3% in 2009 compared to a year earlier when house prices fell by 5.4% representing a slow down in the fall of property prices in accordance with the Housing Price Index (IPV) published by the National Institute of Statistics (INE). The general fall in the price of private housing began in the second quarter of 2008 and

Euroresidenteshttp://www.blogger.com/profile/16271679408103982858euroresi@euroresidentes.com0tag:blogger.com,1999:blog-6396278.post-37991274137895965202010-03-10T12:04:00.001+01:002010-03-10T12:06:10.571+01:00Debts of property developers in Spain

Spanish Banks expected to make losses over money lent to property sector Yesterday Javier Gómez Navarro, the Chairman of the Chamber of Commerce, said that banks and building societies in Spain would not recover 30% of the money lent to the property sector, estimated to be 97,500 million euros. According to the Spanish Mortgage Association (AHE) property developers owe a total of 325,000 million

Euroresidenteshttp://www.blogger.com/profile/16271679408103982858euroresi@euroresidentes.com0tag:blogger.com,1999:blog-6396278.post-59676085071692586382010-02-26T13:50:00.001+01:002010-02-26T13:52:30.141+01:00Mortgage lending in 2009 in Spain

Second highest fall in mortgage lending in 2009According to figures released by the Spanish National Institute of Statistics the number of mortgages taken out for the purpose of buying a home fell for the third consecutive year in 2009. Mortgage lending for this sector of the property market fell by 21.9% in 2009 which is the second highest fall on record. The actual number of mortgages taken out

Euroresidenteshttp://www.blogger.com/profile/16271679408103982858euroresi@euroresidentes.com0tag:blogger.com,1999:blog-6396278.post-64668181528771541822010-02-11T14:38:00.000+01:002010-02-11T14:39:09.545+01:00Spanish housing market statistics 2009

House sales in Spain fell by 25% in 2009 According to figures published by the National Institute of Statistics (INE) house sales fell by 24.9% in 2009 compared to 2008. Figures released by the INE show that there were a total of 414,811 house sales in 2009 – 53.2% for new housing and 46.8% for used housing. In 2009, 220,663 new houses were sold – a fall of 20.6% compared to 194,178 for used

Euroresidenteshttp://www.blogger.com/profile/16271679408103982858euroresi@euroresidentes.com0tag:blogger.com,1999:blog-6396278.post-56235025319565600532010-02-04T14:03:00.002+01:002010-02-04T14:06:15.571+01:00Santander Bank announces record profits in 2009

The Santander Group made 0.7% in 2009 despite recession According to information released to the National Stock Market Commission (CNMV) the Santander Group made a net profit of 8,943 million euros in 2009 which is 0.7% more than in 2008 when it made 8,876 million euros. These results mean that the bank fulfilled its promise to shareholders with regards to its profits and the money destined for

Euroresidenteshttp://www.blogger.com/profile/16271679408103982858euroresi@euroresidentes.com0tag:blogger.com,1999:blog-6396278.post-28969706184408890722010-01-26T14:09:00.001+01:002010-01-26T14:19:46.566+01:00Mortgage lending in Spain rises

Mortgage lending rises for the first time in two yearsAccording to the National Institute for Statistics (INE) 52,043 mortgages for the purpose of buying a house or flat were conceded by banks and building societies in November 2009. This constitutes an increase of 1.8% compared to November 2008. This is the first time in two years that mortgage lending on houses or flats has increased following

Euroresidenteshttp://www.blogger.com/profile/16271679408103982858euroresi@euroresidentes.com0tag:blogger.com,1999:blog-6396278.post-13654297449143862332009-09-16T08:29:00.002+02:002009-09-16T08:30:34.830+02:00Fall in Spanish property market slows

Lowest fall in housing sales since crash in property marketHouse sales are still at very low levels compared to those registered before the crash in the property market at the end of 2007. According to figures published today by the Spanish National Institute of Statistics (INE) housing sales were down by 20.3% compared to the same month a year ago. However, this is the lowest fall since housing

Euroresidenteshttp://www.blogger.com/profile/16271679408103982858euroresi@euroresidentes.com0tag:blogger.com,1999:blog-6396278.post-15192734500224126542009-09-09T11:57:00.000+02:002009-09-10T11:57:50.571+02:00Property sales fall 31% in first quarter of 2009

According to figures published by the Ministry for Housing during the first 6 months of this year 217,589 houses and flats were sold in Spain – 31.16% less than during the first quarter of 2008 (316.096 houses and flats were sold during this period). These are the worst figures for the housing market since 2004 when records on the number of property sales began. The fall of 31% in housing sales

Euroresidenteshttp://www.blogger.com/profile/16271679408103982858euroresi@euroresidentes.com0tag:blogger.com,1999:blog-6396278.post-72909688037791819582009-08-17T10:06:00.003+02:002009-08-17T10:33:22.845+02:00Rental prices in Spain fall

Slump in housing market also affects rental market with falls of up to 30% in cost of rentingAccording to figures released today by the government, there has never been a better time to rent a property in Spain. And whereas renting has never been a particularly attractive option for young Spaniards who have always tended to stay at home until they have enough money to put a payment down on a

Euroresidenteshttp://www.blogger.com/profile/16271679408103982858euroresi@euroresidentes.com0tag:blogger.com,1999:blog-6396278.post-62737787253116681212009-07-30T09:28:00.003+02:002009-07-30T09:33:48.316+02:00Mortgages in Spain fall by up to 50 percent

Mortgages go down by up to 50% following record fall in Euribor Those people who are due to review their mortgage repayments will be very pleased with the latest figures for the Euribor (Euro Interbank Offered Rate) interest rate. The Euribor will close this month at 1.412% following the largest interannual fall ever in its history. This means that long term mortgages in Spain could go down by as

Euroresidenteshttp://www.blogger.com/profile/16271679408103982858euroresi@euroresidentes.com0tag:blogger.com,1999:blog-6396278.post-26131805218518292632009-07-28T09:52:00.001+02:002009-07-28T09:53:29.057+02:00Property surplus in Spain

Surplus stock of flats will take between two and five years to be absorbed into housing marketFollowing a decade of boom in the construction industry large areas of the Spanish coastline now appear to be a concrete cemetery. Town halls and property developers are both responsible for the thousands of houses and flats that now lie empty all along the Spanish Mediterranean coastline. Given the

Euroresidenteshttp://www.blogger.com/profile/16271679408103982858euroresi@euroresidentes.com0tag:blogger.com,1999:blog-6396278.post-68150481883841655692009-07-19T10:43:00.001+02:002009-07-19T10:44:45.679+02:00Spain's building industry falling more than other EU members

Spanish construction industry suffers biggest fall in production compared to other EU countries According to figures provided by Eurostat production in the Spanish construction sector continued to fall in May with a drop of 4.3% compared to April which is the biggest fall out of all EU countries. After registering a fall in production of 3.3% in April production in the Spanish construction

Euroresidenteshttp://www.blogger.com/profile/16271679408103982858euroresi@euroresidentes.com0tag:blogger.com,1999:blog-6396278.post-73670528629933124732009-07-02T10:33:00.002+02:002009-07-02T10:38:58.770+02:00Cheaper new housing in Spain

The Spanish National Institute for Statistics (INE) has published figures this week which demonstrate that the market for new housing in Spain is deflating significantly. The negative tendency for this sector of the Spanish property market was further underlined yesterday by the Society of Property Valuers. According to the latest research by this organization the price of newly built houses and

Euroresidenteshttp://www.blogger.com/profile/16271679408103982858euroresi@euroresidentes.com0tag:blogger.com,1999:blog-6396278.post-33167190818485025112009-06-25T14:31:00.001+02:002009-06-25T14:33:05.534+02:00Rise in mortgage defaults in Spain in 2009

Defaulting on mortgage repayments in Spain in 2009 soars to 4% According to forecasts made by the Spanish Mortgage Association (AHE) defaulting on mortgage repayments is expected to remain at record levels and will close at 4% at the end of 2009 compared to just 2.36% for 2008 due mostly to the rise in unemployment. According to the association ‘the rise in unemployment since the beginning of

Euroresidenteshttp://www.blogger.com/profile/16271679408103982858euroresi@euroresidentes.com0tag:blogger.com,1999:blog-6396278.post-52366791748935432212009-06-23T10:20:00.002+02:002009-06-23T10:45:54.636+02:00Capital gains tax on property sales in Spain

Spanish regional authorities ignore slump in property sales and continue to increase capital gains tax With the slump in property sales and the inevitable fall in prices property sellers in Spain are now facing a new problem: the fact that Spanish regional authorities continue to value property at a higher price means that the seller is faced with the problem of having to pay higher capital

Euroresidenteshttp://www.blogger.com/profile/16271679408103982858euroresi@euroresidentes.com0tag:blogger.com,1999:blog-6396278.post-37878693912127630712009-06-01T17:56:00.001+02:002009-06-01T17:57:41.706+02:00Surplus housing in Spain rises

Construction companies will add 385,000 houses to surplus housing stock The surplus housing stock which construction companies have accumulated and for which they are finding it difficult to off load is now the number one problem for those in the housing sector. An internal report compiled by the Ministry for Housing and released by El Pais today has for the first time not only issued a figure

Euroresidenteshttp://www.blogger.com/profile/16271679408103982858euroresi@euroresidentes.com0tag:blogger.com,1999:blog-6396278.post-37624124104385594452009-05-21T10:23:00.003+02:002009-05-21T10:41:46.003+02:00Property bargains in Spain as banks sell surplus stock

Houses and Flats for sale in Spanish Banks and Savings banksThe current economic crisis has forced many Spanish banks and building societies to put properties (the majority houses and flats) up for sale at significantly discounted prices or with some very interesting credit facilities for the consumer. The properties on sale are the result of repossessed properties from individual or business

Euroresidenteshttp://www.blogger.com/profile/16271679408103982858euroresi@euroresidentes.com0tag:blogger.com,1999:blog-6396278.post-18055782605632682052009-05-05T09:20:00.003+02:002009-05-05T11:06:08.993+02:00Average price of property in Spain falls

Spanish estate agents lower their prices in direct competition with banks and building societiesNow that banks and building societies are entering into the direct sales of properties with offers that include not only large discounts but also facilities for financing transactions property developers have been forced to react with even larger discounts. One property developer, Metrovacesa, is

Euroresidenteshttp://www.blogger.com/profile/16271679408103982858euroresi@euroresidentes.com0tag:blogger.com,1999:blog-6396278.post-42578506387577089612009-04-29T12:43:00.001+02:002009-04-29T12:44:45.487+02:00Demolition of houses on Spanish coastline

Illegal homes along the Cantabrian coast to be demolished todayThe first illegal houses which had been ordered to be demolished by the courts 15 years ago started to be knocked down today. The buildings which are located in the area La playa de La Arena de Arnuero began to be demolished at 7 am this morning. The buildings which are being knocked down belong to the second phase of the housing

Euroresidenteshttp://www.blogger.com/profile/16271679408103982858euroresi@euroresidentes.com1tag:blogger.com,1999:blog-6396278.post-4090522603095437232009-04-21T12:31:00.004+02:002009-04-21T13:34:45.776+02:00Spanish property markets sales suffer second biggest fall

House sales suffer their second biggest fall to date with a drop of 37.5% in FebruaryAccording to figures published by the Spanish National Institute for Statistics (INE) house sales for February 2009 suffered their second biggest fall ever recorded with a drop of 37.5%. During the month of February 34.669 transactions were recorded which is the second lowest figure on record. Moreover, these

Euroresidenteshttp://www.blogger.com/profile/16271679408103982858euroresi@euroresidentes.com0tag:blogger.com,1999:blog-6396278.post-53551310960612650302009-04-16T09:52:00.001+02:002009-04-16T09:53:10.396+02:00Property prices in Spain still falling

Spanish property prices fall by 9.7% in March According to the index of Spanish Property Prices compiled by the property evaluators TINSA, the price of private housing in Spain fell by 9.7% in March compared to the same period for 2008. This means that properties are now valued at prices similar to those for 2006. If prices today are compared to the peak of the property boom in 2007 they have

Euroresidenteshttp://www.blogger.com/profile/16271679408103982858euroresi@euroresidentes.com0tag:blogger.com,1999:blog-6396278.post-61616717058158469472009-04-06T11:47:00.001+02:002009-04-06T11:49:25.659+02:00Surplus housing in Spain: promotors turn to government for help

Construction Companies ask government for help with getting rid of surplus housing stockHousing prices continue falling in Spain and although there is demand for around 320,000 new houses annually this does not seem to affect the number of surplus houses which is currently estimated to be 700,000, something which construction companies have called ‘socially inadmissible’ and have led them to call

Euroresidenteshttp://www.blogger.com/profile/16271679408103982858euroresi@euroresidentes.com0tag:blogger.com,1999:blog-6396278.post-61469166110890634442009-03-27T10:33:00.003+01:002009-03-27T12:25:57.932+01:00Spanish urban development policies condemned by European Parliament

Yesterday at a meeting of the European Parliament Spanish urban policy was condemned for the third time by European MEPs. In particular the way the Ley Estatal del Suelo (the state land law) which came into effect in 2008 has been implemented in the Valencian Region, Murcia, Castilla-La Mancha, the Balearic Islands and Andalucía where according to a project coordinated by the MEP and

Euroresidenteshttp://www.blogger.com/profile/16271679408103982858euroresi@euroresidentes.com0tag:blogger.com,1999:blog-6396278.post-44147824048764984792009-03-17T16:25:00.001+01:002009-03-17T16:28:05.205+01:00Drop in sale of new housing in Spain

Drop in sale of new housing doubled in January According to figures published by the Spanish National Institute for Statistics house sales dropped by 38.6% in January compared to the same month last year. During January only 37,931 transactions were recorded which means that the last three months have seen sales drop to historic levels although sales were up by 17% compared to the figures for

Euroresidenteshttp://www.blogger.com/profile/16271679408103982858euroresi@euroresidentes.com0tag:blogger.com,1999:blog-6396278.post-21811642728702844402009-03-12T10:09:00.000+01:002009-03-12T10:10:48.466+01:00Fall in value of Spanish property

API estimates that property prices have fallen by up to 40% due to slump in salesAccording to Santiago Baena, the chairman of the association Agentes de la Propiedad Inmobiliaria de España (API), the price of property in Spain has fallen by 40%. This figure is far from the official figure of -3.2% provided by the government. Furthermore, the fall in sales has led to the closure of 50,000 Estate

Euroresidenteshttp://www.blogger.com/profile/16271679408103982858euroresi@euroresidentes.com0