Official Spanish property price index down 7.6pc
Posted on July 3, 2009 by Spanish Property News
Filed Under spanish property prices | 1 Comment
General index orange line, new build red line, resale grey line
Spanish property prices fell 7.6% in the first quarter of the year compared to the same period last year, according to the official property price index published by National Institute of Statistics (INE). This is the biggest fall on record since the index started in 2007. Read more
Banderas and Griffiths to lose part of their property in Marbella
Posted on July 2, 2009 by Spanish Property News
Filed Under Illegal building, Marbella | Leave a Comment
La Gaviota, Marbella
Life is often easier for the rich and famous, but sometimes they just have to put up with life’s misfortunes like the rest of us. So it is for Hollywood A-list couple Antonio Banderas and Melanie Griffiths, who appear to have lost their long-running battle against planning officials in the town hall of Marbella. As a result, a large slice of their garden, running from the sea front up to the edge of their pool, will be made accessible to the public. That will make it impossible for the couple to enjoy their pool with any privacy. Read more
Barcelona rental prices fall 2pc in Q1
Posted on July 2, 2009 by Spanish Property News
Filed Under Barcelona property, Rental market | Leave a Comment
Barcelona property in the Eixample
Rental prices in Barcelona have started to go the way of property prices, falling an average of 2% in the first quarter of the year, from 1,081 Euros/m2 at the end of 2008 to 1,060 Euros/m2 at the end of March, according to a report from Barcelona’s Chamber of Residential Property (Cambra de la Propietat Urbana de Barcelona). Read more
New housing starts down by 68pc
Posted on July 1, 2009 by Spanish Property News
Filed Under Supply | Leave a Comment
Not long ago, before the credit crunch brought people to their senses, everywhere you looked in Spain the horizon was bristling with cranes, especially on the coast. But the way things are going it will soon be rare to see a crane in Spain. The figures for new housing starts say it all. In the first quarter of this year, housing starts (not including social housing) fell by 68.4% to 31,244 compared to the same period last year, according to figures from the Ministry of Housing. Including social housing, construction of new homes fell 57% to 47,067. Read more
Spain - the land of the owner-occupier
Posted on June 30, 2009 by Spanish Property News
Filed Under Property market | Leave a Comment
More Spaniards own their own homes than any other country in the Eurozone, confirm new figures from Eurostat - the EU’s statistics office. 83% of Spanish families own the property they live in, compared to a Eurozone average of 65%. This reflects a Spanish tendency to see renting as throwing away money, and mortgage relief in the tax code that rewards buying over renting. It also makes the Spanish housing market more prone to booms and busts. Read more
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