Spain – the land of the owner-occupier

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 [...]

Superb contemporary property near Marbella reduced by 20pc

PUBLICITY
Save 125,000 Euros on a stunning 2-bed, 2-bath contemporary design apartment of 130m2 plus a generous terrace, in the award winning Alanda Tee 5 Development near Marbella. Blue chip developer Alanda Homes have just reduced the price by 20%, from 500,000 Euros to only 375,000 Euros, to help sell the last remaining unit of [...]

New mortgage lending down 42pc

The number of new residential mortgages granted in Spain in April fell 42% year on year to 50,288, according to latest figures from National Institute of Statistics (INE). As elsewhere, Spain’s property market runs on mortgage lending, so this dramatic fall in new lending speaks volumes about the weak state of the market. These figures [...]

Property bazaar offers discount holiday homes on the Spanish coast

Spanish estate agency Roan is organising a property bazaar in Madrid to sell holiday homes on the coast at discounts of up to 60%. The market will run from 25 to 28 June on the Paseo de la Castellana – one of the main shopping avenues in Madrid.

Vendors getting slammed by inflated property sales taxes?

People selling their homes in Spain have little to cheer about these days. To add insult to the injury of having to accept prices far below their expectations if they want to sell, there is a good chance the government will tax them as if they had sold at the top of the boom. That [...]

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