News Review: Mortgage Activity; Unemployment Drops; Economy Grows

Reportaje Piso piloto Ribera del Marlin Sotogrande S.A. portal 8The latest property-related news and headlines from Spain:

France Catching Spain for UK Buyer Home Loans
With the pound making strong gains in the last year against the Euro, Spanish mortgage demand has doubled, says UK-based specialist Conti. (OPP)

Spain’s Unemployment Rate Drops to 23.7%
The Spanish unemployment rate is falling, with the number of Spaniards without a job dropping by 195,200 in the third quarter from the previous quarter. (Market Business News)

Spanish Economy Grew 0.5% in 3Q
Spain’s economy grew an estimated 0.5% and added 151,000 jobs in the third quarter, driven by a strong summer tourist season, lower borrowing costs and confidence that one of the eurozone’s strongest recoveries is still on track. (Nasdaq)

House Prices Versus Earnings: Spain Still Expensive
Spain’s housing values still post above the historical average, states latest Global House Price Index update. (El Economista via Aura)

Spain More Popular Among RE Investors Than UK
Real estate advisor Knight Frank conducted an in-person survey on 200 investors from the sector and it turned out that Spain has been picked most in response to the question where it is worth to invest in the upcoming six months. (Cinco Dias via Aura)

Marbella is ‘at the Dawn of a new Golden Age’
Marbella is definitely springboarding its way out of the crisis, as its property market gathers a healthy pace, according to market experts. (Olive Press)

Spanish Tax Reforms Penalize Those Selling Property After 20 Years
The rush to sell Spanish property could accelerate of reforms are approved. (Spanish News Today)

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