In something of a financial U-turn the Spanish property market seems to be somewhat more attractive to overseas investors who are thinking about putting cash into the mortgage market and Spanish property.
According to Mercers estate agents enquires from British people about money types of Spanish properties that are available have increased considerably over the last [...]
Spain’s cash-strapped Socialist government is poised to emulate the UK and increase taxes on the rich, reversing its policy of tax cuts and prompting protests from the conservative opposition.
The impending U-turn - designed to plug the gaping budget deficit arising from the global economic crisis – was signalled this week by José Blanco, public works [...]
My star article this week is Realism Rules in Overseas Property. Although not specifically addressing the Spanish property market, it contains 10 pithy and basic questions to ask yourself when buying abroad - anywhere.
Arancha Ibarra considers herself one of the lucky victims of Spain’s housing collapse. After struggling to find a buyer for her renovated two- bedroom apartment in Madrid for two years, Ibarra found a tenant for 750 euros ($1,066) a month, becoming one of the 1.5 million second-home owners thrust onto the country’s rental market.
The number [...]
In the meantime, there are countless cheap properties in Spain to be had, thanks in part to a surfeit of new properties as a result of oversupply. It’s a buyer’s market right now, and people are slowly returning to Spain as confidence is gradually restored. Do your research, and Spanish property can still be a [...]
This week, the IMF is counselling prudence and continued financial vigilance because it, unlike the Spanish PM, believes that the global economy is a long way from recovery.
Spanish property owners are restructuring debt with their creditors throughout Europe as the recession hammers the cash flows and values of commercial property.
The number of new residential mortgages granted in Spain in April fell 42% year on year to 50,288, according to latest figures from National Institute of Statistics (INE). As elsewhere, Spanish property market runs on mortgage lending, so this dramatic fall in new lending speaks volumes about the weak state of the market. These figures [...]
Spain had 614,000 new homes sitting unsold at the end of 2008 - lower than most analysts’ estimates - according to the first major survey of Europe’s most over-stocked home market.
Almost half of those are clustered on the over-developed coast according to the housing ministry study, which surveyed or visited 6,810 real estate companies [...]
A local business school recently estimated Spain’s glut of newly built homes at around 1 million, suggesting that this is the biggest problem facing the Spanish property market today. Now a new report from the Ministry of Housing confirms that Spain’s property glut is indeed monumental, even if it has not yet hit the 1 [...]
