Foreign investors still shunning Spanish real estate
Spanish property may be getting cheaper, but foreign investors are still staying away in large numbers. That’s the conclusion I draw from the latest figures from the Bank of Spain.
Mallorca villa asking price reduced by 40pc to Euros 895k
The asking price for a newly built 4-bed, 4-bath country villa (Masia) in South East Mallorca has been reduced by 40% from 1,475,000 to 895,000 Euros, a reduction of more than half a million Euros.
Glut of 800,000 new properties by year end say developers
The G-14 group of Spain’s biggest developers has warned that the glut of newly built properties languishing on the market is set to continue growing, heading for 800,000 properties by year end. Facing an increasingly bleak situation, the G-14 have called on the government to stimulate the housing market. And not for the first time.
Spanish housing market is broken and needs fixing say economists
Spain’s housing market is broken and urgently needs fixing, argue a group of top-flight economists from Fedea, one of Spain’s leading economic policy think tanks.
Big price falls now over says Ministry of Housing as underlying trend improves
Though still falling by 8% compared to last year, Spanish house prices are starting to stabilise and now is the time to buy, says the Ministry of Housing. Not everyone agrees.
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