People considering investing in Spanish property should look to do so in the early part of 2010 in order to capitalise on rising property prices in the country according to a spanish property expert.
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.
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 [...]
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 [...]
Standing empty, slowly depreciating, unloved, and unwanted. That seems to be the fate that awaits 4 out of every 5 newly-built properties finished this year, according to an article in the Spanish daily El Mundo, based on the latest housing market statistics.
The problem is that Spain is still building far too many homes. New construction [...]
When you decide to buy property abroad, it is important to consider a range of factors to ensure it’s the best decision you’ll ever make.
Palma Central
In Palma the market has been booming for the past five years and reached an all time high in 2007 with prices per square metre in good locations in Palma old town or on a seafront position approaching that of prime property in Madrid. This year prices have adjusted to the new market conditions. [...]
They dreamed of an idyllic life in the sun. But thousands of expat Britons hit by the falling pound are caught in a terrible trap…
