Home sales down 10pc in August, best result this year
Home sales in Spain, not including social housing, fell 9.9% in August compared to the same time last year, according to the latest figures from the National Institute of Statistics (INE). A 10% fall may sound bad, but given the form this year it’s actually rather good.
Spanish Mortgage tax relief to go in 2011, making average home 21,000 Euros more expensive
The Spanish government has announced its intention to discontinue mortgage tax relief starting in 2011. Experts warn that, on average, this will add another 22,000 Euros on to the overall cost of buying a home in Spain.
Leading Spanish property price index down 8pc
Residential Spanish property prices fell by 8.3% over 12 months to the end of September, according to the latest Spanish property price index published by Tinsa, one of Spain’s leading appraisal companies.
Spanish property prices surged 288pc during boom
Spanish property prices rose a hefty 288% in Spain’s decade long real estate boom (1997 – 2007), according to a new report from a research foundation run by BBVA, one of Spain’s largest banks.
Property price declines “only half way there” says new report
House prices were overvalued by as much as 37% in 2007, at the height of the real estate boom, argues a new report from Jiménez de Laiglesia, a real estate consultancy based in Valencia. Property prices must come down to return the market to balance, but despite recent declines, prices are “still only half way [...]
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