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 [...]
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 [...]
Illegal beach huts demolished in Ibiza
World famous party island Ibiza has been demolishing illegal properties with alacrity recently. The other day the island’s authorities demolished a minor-music celeb’s multi-million Euro villa, now they have turned their attention to 14 beach huts mainly used to store boat. They were all knocked down earlier this month.
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