Here you will find news, views, events and information relating to real-estate in Spain.
Moody’s, a credit rating agency, expects property prices in Spain to rise by 4.7% per year up to 2019. However, the agency point out that the number of units sold is equally as important to the recovery of the housing sector. They point out that it is necessary to “decouple” the sale price from the Continue Reading
The mortgage market in Spain is continuing to pick up speed. We are still a long way from the volume of new mortgages that we saw during the property bubble, but recently we have seen double-digit growth in lending month after month. In Malaga over the first three quarters of the year there have been Continue Reading
There were over 20,000 new mortgages taken out on property in Spain during August. This represents a 6.4% increase over the same month in 2015. When comparing to July the variation is +10.2%. This is the first time in five years that August has shown an increase over July. The average amount borrowed was 110,121 Continue Reading
The number of new mortgages taken for a home purchase in July was 18,706, representing a decrease of 14.9% when compared to the same month in 2015. The average amount of those loans was 115,540 Euros, an annual increase of 10.1%, according to data released by the National Statistics Institute. The value of mortgages taken Continue Reading
The number of foreclosures carried out in the second quarter of 2016 was 20,927. This represents an increase of 8.1% when we compare the figures to the previous quarter. When comparing to the second quarter of 2015 the number actually fell by 27.7%. Amongst the actions, 6,398 were on a primary residence (26.2% less than Continue Reading
The number of mortgages granted for home purchases in May was 26,579, an increase of 34.1% over the same month in 2015. The average amount mortgaged was 126,394 euros, which is actually 2.6% lower than in the previous year, according to data released by the National Statistics Institute (INE). The total value of mortgages constituted Continue Reading
According to data released by the General Council of Notaries, houses in Spain have dropped in value by 5.1% between January and May of 2016, reaching an average cost of 1,261€ p/m². When comparing to the same period in 2015 the decline in prices is 1.6%. The property market slowed in May following two months Continue Reading
The number of mortgages approved on homes in April was 23,607, representing a 24.6% increase over the same month in 2015. The average amount of those mortgages also increased to stand at 108,354 euros, 5.1% more than last year. Looking at all property types, the average amount mortgaged was 144,287 euros, an annual increase of Continue Reading
Following a great start to the year in terms of the number of property sales, mortgage statistics released today further demonstrate the improvements we are seeing in the Spanish property market. Cinco Dias reported that 46.7% of property purchases in March required external financing, an increase of 61% from the low that was seen in Continue Reading
Despite the number of property sales falling slightly at the start of the year, when compared to last year, the number of new mortgages written in Spain increased in January by over 10% with 23,275 new mortgages recorded. Also on the increase is the average amount of the mortgages written which increased by 14.2% compared Continue Reading
