tag:blogger.com,1999:blog-6396278Mon, 12 Apr 2010 08:09:26 +0000http://www.euroresidentes.com/Blogs/property-spain/index.htmeuroresi@euroresidentes.com (Euroresidentes)Blogger162125tag:blogger.com,1999:blog-6396278.post-9021446068098712197Mon, 12 Apr 2010 08:09:00 +00002010-04-12T10:09:26.715+02:00 This blog is now located at http://buying-property-spain.euroresidentes.com/. You will be automatically redirected in 30 seconds or you may click here. For feed subscribers, please update your feed subscriptions to http://buying-property-spain.euroresidentes.com/feeds/posts/default. http://www.euroresidentes.com/Blogs/property-spain/2010/04/this-blog-has-moved.htmlnoreply@blogger.com (Knack)0tag:blogger.com,1999:blog-6396278.post-1497545497441550124Fri, 09 Apr 2010 09:35:00 +00002010-04-09T11:36:30.446+02:00Nearly 100,000 homes were repossessed in Spain last year According to information provided by the Consejo General del Poder Judicial (CGPJ) the economic crisis led to an increase of 59% in house repossessions in 2009 with a total of 93,319 repossessions ordered by Spanish judges compared to 59,137 in 2008.However, the increase in the number of repossessions last year was much less than that http://www.euroresidentes.com/Blogs/property-spain/2010/04/homes-repossessed-in-spain-in-2009.htmleuroresi@euroresidentes.com (Euroresidentes)0tag:blogger.com,1999:blog-6396278.post-8768337023198448667Mon, 29 Mar 2010 11:46:00 +00002010-03-29T13:56:27.134+02:00House sales by foreign residents in the Valencian Region rose by 45% in 2009 According to figures published by the Valencian Association of Notaries house sales by foreigners rose by 44.9% compared to the previous year. At the end of last year there were 4,291 house sales by foreigners compared to 2,939 in 2008 the year when the economic crisis in Spain began. The increase in house sales by http://www.euroresidentes.com/Blogs/property-spain/2010/03/expats-on-costa-blanca-selling-up.htmleuroresi@euroresidentes.com (Euroresidentes)0tag:blogger.com,1999:blog-6396278.post-3436871474555754493Wed, 17 Mar 2010 10:01:00 +00002010-03-17T11:02:26.024+01:00Price 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 http://www.euroresidentes.com/Blogs/property-spain/2010/03/price-of-housing-in-spain-falls.htmleuroresi@euroresidentes.com (Euroresidentes)0tag:blogger.com,1999:blog-6396278.post-3799127413789596520Wed, 10 Mar 2010 11:04:00 +00002010-03-10T12:06:10.571+01:00Spanish 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 millionhttp://www.euroresidentes.com/Blogs/property-spain/2010/03/debts-of-property-developers-in-spain.htmleuroresi@euroresidentes.com (Euroresidentes)0tag:blogger.com,1999:blog-6396278.post-5967608507169258638Fri, 26 Feb 2010 12:50:00 +00002010-02-26T13:52:30.141+01:00Second 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 outhttp://www.euroresidentes.com/Blogs/property-spain/2010/02/mortgage-lending-in-2009-in-spain.htmleuroresi@euroresidentes.com (Euroresidentes)0tag:blogger.com,1999:blog-6396278.post-6466818152877154182Thu, 11 Feb 2010 13:38:00 +00002010-02-11T14:39:09.545+01:00House 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 http://www.euroresidentes.com/Blogs/property-spain/2010/02/spanish-housing-market-statistics-2009.htmleuroresi@euroresidentes.com (Euroresidentes)0tag:blogger.com,1999:blog-6396278.post-5623502531956560053Thu, 04 Feb 2010 13:03:00 +00002010-02-04T14:06:15.571+01:00The 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 http://www.euroresidentes.com/Blogs/property-spain/2010/02/santander-bank-announces-record-profits.htmleuroresi@euroresidentes.com (Euroresidentes)0tag:blogger.com,1999:blog-6396278.post-2896970618440889072Tue, 26 Jan 2010 13:09:00 +00002010-01-26T14:19:46.566+01:00Mortgage 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 http://www.euroresidentes.com/Blogs/property-spain/2010/01/mortgage-lending-in-spain-rises.htmleuroresi@euroresidentes.com (Euroresidentes)0tag:blogger.com,1999:blog-6396278.post-1365429744914386233Wed, 16 Sep 2009 06:29:00 +00002009-09-16T08:30:34.830+02:00Lowest 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 http://www.euroresidentes.com/Blogs/property-spain/2009/09/fall-in-spanish-property-market-slows.htmleuroresi@euroresidentes.com (Euroresidentes)0tag:blogger.com,1999:blog-6396278.post-1519273450022412654Wed, 09 Sep 2009 09:57:00 +00002009-09-10T11:57:50.571+02:00According 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 http://www.euroresidentes.com/Blogs/property-spain/2009/09/property-sales-fall-31-in-first-quarter.htmleuroresi@euroresidentes.com (Euroresidentes)0tag:blogger.com,1999:blog-6396278.post-7290968803779181958Mon, 17 Aug 2009 08:06:00 +00002009-08-17T10:33:22.845+02:00Slump 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 http://www.euroresidentes.com/Blogs/property-spain/2009/08/rental-prices-in-spain-fall.htmleuroresi@euroresidentes.com (Euroresidentes)0tag:blogger.com,1999:blog-6396278.post-6273778725311668121Thu, 30 Jul 2009 07:28:00 +00002009-07-30T09:33:48.316+02:00Mortgages 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 ashttp://www.euroresidentes.com/Blogs/property-spain/2009/07/mortgages-in-spain-fall-by-up-to-50.htmleuroresi@euroresidentes.com (Euroresidentes)0tag:blogger.com,1999:blog-6396278.post-2613180521851829263Tue, 28 Jul 2009 07:52:00 +00002009-07-28T09:53:29.057+02:00Surplus 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 http://www.euroresidentes.com/Blogs/property-spain/2009/07/property-surplus-in-spain.htmleuroresi@euroresidentes.com (Euroresidentes)0tag:blogger.com,1999:blog-6396278.post-6815048188384165569Sun, 19 Jul 2009 08:43:00 +00002009-07-19T10:44:45.679+02:00Spanish 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 http://www.euroresidentes.com/Blogs/property-spain/2009/07/spains-building-industry-falling-more.htmleuroresi@euroresidentes.com (Euroresidentes)0tag:blogger.com,1999:blog-6396278.post-7367052862993312473Thu, 02 Jul 2009 08:33:00 +00002009-07-02T10:38:58.770+02:00The 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 http://www.euroresidentes.com/Blogs/property-spain/2009/07/cheaper-new-housing-in-spain.htmleuroresi@euroresidentes.com (Euroresidentes)0tag:blogger.com,1999:blog-6396278.post-3316719081848502511Thu, 25 Jun 2009 12:31:00 +00002009-06-25T14:33:05.534+02:00Defaulting 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 http://www.euroresidentes.com/Blogs/property-spain/2009/06/rise-in-mortgage-defaults-in-spain-in.htmleuroresi@euroresidentes.com (Euroresidentes)0tag:blogger.com,1999:blog-6396278.post-5236679174893543221Tue, 23 Jun 2009 08:20:00 +00002009-06-23T10:45:54.636+02:00Spanish 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 http://www.euroresidentes.com/Blogs/property-spain/2009/06/capital-gains-tax-on-property-sales-in.htmleuroresi@euroresidentes.com (Euroresidentes)0tag:blogger.com,1999:blog-6396278.post-3787869391212763071Mon, 01 Jun 2009 15:56:00 +00002009-06-01T17:57:41.706+02:00Construction 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 http://www.euroresidentes.com/Blogs/property-spain/2009/06/surplus-housing-in-spain-rises.htmleuroresi@euroresidentes.com (Euroresidentes)0tag:blogger.com,1999:blog-6396278.post-3762412410438559445Thu, 21 May 2009 08:23:00 +00002009-05-21T10:41:46.003+02:00Houses 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 http://www.euroresidentes.com/Blogs/property-spain/2009/05/property-bargains-in-spain-as-banks.htmleuroresi@euroresidentes.com (Euroresidentes)0tag:blogger.com,1999:blog-6396278.post-1805578260563268205Tue, 05 May 2009 07:20:00 +00002009-05-05T11:06:08.993+02:00Spanish 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 http://www.euroresidentes.com/Blogs/property-spain/2009/05/average-price-of-property-in-spain.htmleuroresi@euroresidentes.com (Euroresidentes)0tag:blogger.com,1999:blog-6396278.post-4257850638757708961Wed, 29 Apr 2009 10:43:00 +00002009-04-29T12:44:45.487+02:00Illegal 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 http://www.euroresidentes.com/Blogs/property-spain/2009/04/demolition-of-houses-on-spanish.htmleuroresi@euroresidentes.com (Euroresidentes)1tag:blogger.com,1999:blog-6396278.post-409052260309543723Tue, 21 Apr 2009 10:31:00 +00002009-04-21T13:34:45.776+02:00House 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 http://www.euroresidentes.com/Blogs/property-spain/2009/04/spanish-property-markets-sales-suffer.htmleuroresi@euroresidentes.com (Euroresidentes)0tag:blogger.com,1999:blog-6396278.post-5355131096061265030Thu, 16 Apr 2009 07:52:00 +00002009-04-16T09:53:10.396+02:00Spanish 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 http://www.euroresidentes.com/Blogs/property-spain/2009/04/property-prices-in-spain-still-falling.htmleuroresi@euroresidentes.com (Euroresidentes)0tag:blogger.com,1999:blog-6396278.post-6161671705815846947Mon, 06 Apr 2009 09:47:00 +00002009-04-06T11:49:25.659+02:00Construction 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 callhttp://www.euroresidentes.com/Blogs/property-spain/2009/04/surplus-housing-in-spain-promotors-turn.htmleuroresi@euroresidentes.com (Euroresidentes)0