Planning approvals down 64pc in first quarter
The latest figures from Spain’s Ministry of Development show how drastic the collapse in Spain’s home building industry is turning out to be. According to the Ministry of Development there were just 31,348 residential planning approvals in the first three months of the year, a decline of 64.1% compared to the same period last year. [...]
Knight Frank Global House Price Index flatters Spain
Spanish property prices fell by 6.8% over 12 months to the end of March, and by 3% compared to the previous quarter, according to the latest Global House Price Index just published by international real estate consultants Knight Frank.
Painful truths emerge at Spanish property industry get-togethers
Painful truths about the state of Spain’s real estate sector have been confronted in two recent industry conferences, one in Madrid, the other in Valencia. The slump will decimate the sector, say developers.
Glut of new homes on market breaks 1 million barrier
There are currently around 1,050,000 newly built homes on the market that have not been sold, according to a new report from the Instituto de Práctica Empresarial (IPE), a Spanish business school that specialises in the real estate sector.
Mortgage activity hints at possible recovery in housing market
A slight improvement in the monthly number of new mortgages sold in March has prompted optimists to call the bottom of the Spanish property market. Though the number of new mortgages signed in March fell 25.5% compared to the same time last year, the rate of decline appeared to slow compared to monthly falls of [...]
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