A variety of well-regarded Spanish property portals and websites are reporting unprecedented levels of enquiries for properties for sale in Spain.
Although these are still hard times for most people in Europe, it seems that the dream of owning a property in Spain is still as strong as ever. This desire has also been fuelled by [...]
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 [...]
Spanish property owners are restructuring debt with their creditors throughout Europe as the recession hammers the cash flows and values of commercial property.
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 [...]
The Spanish property market shrank year-on-year by 40% in February, according to the latest figures from the National Institute of Statistics (INE). Excluding social housing, there were 30,822 property transactions in February, compared to 51,343 a year before.
Spanish property prices fell at their fastest rate since records began in the first quarter, government data showed on Wednesday, while analysts forecast more big falls in property values. House prices in Spain fell 6.8 percent in the March quarter, compared with the same period in 2008. On a quarter-on-quarter basis prices declined by 3 [...]
This could hardly be called a cheery week for Spanish property news. Even the fact that Sterling is worth more Euros this week than last, is more of a reflection of European pessimism, than UK optimism. The eagerly anticipated Tinsa index failed to offer any crumb of comfort regarding early signs of an economic recovery [...]
A court decision in Spain has opened the way for thousands of UK citizens to reclaim some of the real estate tax they paid when they sold their homes there. The High Court in the region of Valencia has ruled in favour of a British couple, Mr and Mrs Roy. It told the Spanish tax [...]
The British love affair with Spain appears to be on the wane after new figures showed tourists heading for the Costas fell by 23.4 per cent last month. Figures from the Spanish Tourism Ministry released on Monday showed the number of British tourists dropped by almost a quarter compared with the same period in 2008.
The [...]
Real estate brokerage firms have truly been decimated by the collapse in the construction and real estate buying sectors. Only 25,000 real estate companies have survived the crisis of the 80,000 that were registered in the summer of 2006 when the construction boom was in full swing, amounting to a [...]
