Consumer price inflation to hit 5% in the summer, driving down real house prices
When consumer prices go up, the real value of property falls correspondingly. With inflation expected to hit 5% by the summer the real value of Spanish property will fall even if nominal prices stagnate. But all the signs point towards falling prices in nominal terms too.
Mediterranean coastline highly exposed to rising sea levels
The Spanish Mediterranean coastline is “highly exposed” to climate change and rising sea levels, experts have warned in a conference on climate change held this week in Gijon, Cantabria.
Marbella property repossessions rise eightfold in a year
Property repossession in Marbella have risen eightfold in the last year, as the economic crisis and property market downturn push over-stretched owners onto the ropes.
Frontline property in Mallorca yours for 125 million Euros
‘Sa Fortalesa’ in Mallorca it is being billed as the most expensive property in Spain. Back in 2006 I reported in The Sunday Times that, were the Great Gatsby looking for a house in Spain, he might be tempted by the Casa La Manzana in Sotogrande, a rather ostentatious villa then on the market for [...]
Euribor hits 5% for the first time since 2000, setting scene for higher mortgage costs
The shock waves from the credit crunch have driven Euribor – the interest rate most commonly used to calculate mortgage payments in Spain – up to 5% for the first time since November 2000.
« go back — keep looking »
|
|
