Spanish bank Banesto adds 1,000 more resale ‘bargains’ to online property shop
The Spanish bank Banesto has added 1,000 more resale properties to its online shop casaktua.com, promising “very competitive prices” and “exceptional” financing terms. As a way to differentiate itself from the other online property shops set up recently by Spanish lenders, casaktua.com includes properties it has repossessed that are going to be sold at public [...]
Spanish first time buyers have to part with 86pc of income
Thanks to high property prices and miserable salaries, buying a home has been prohibitively expensive for Spanish first time buyers for the best part of the last decade. Now that the Spanish property boom has turned to bust, and house prices are coming down, you would think that buying a home is becoming a lot [...]
Foreigners buying holiday homes in Spain
There was an article yesterday in the local papers discussing the latest figures from the Ministry of Housing for foreigners buying property in Spain. I wrote about these figures the day before, noting that just 484 holiday homes were sold to foreign buyers in the first quarter of the year. But this article says that [...]
Wonder how long this Mallorca penthouse will stay on the market?
It’ll be interesting to see how long this property stays on the market. It’s a 1-bed, 1-bath 90m2 penthouse in Palma outskirts, close to the beach, with superb views, asking price €260,000.
Tinsa’s Spanish property price index down 9.8pc in May, a slight improvement
Spanish property prices fell by 9.8% over 12 months to the end of May, according to the latest Spanish property price index published by Tinsa, one of Spain’s leading appraisal companies.
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