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 [...]
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 [...]
I suppose I should have expected a bumper news week following the UK Budget announcements on the 22nd. The only direct change potentially affecting property owners in Spain is that landlords may lose the ability to offset their UK tax bill.
Spanish proprety owners from UK are facing massive losses following signs that the bottom has fallen out of the property market in Spain. During 2008 vast swathes of the Spanish costa have been developed in a construction boom that has made the nation one of the fastest growing economies in Europe.
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 [...]
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 [...]
