100pc financing with 20pc discounts in Catalonia

Mortgage lenders and developers in Catalonia have struck a deal to make it easier for people to buy homes in the region, which encompasses the popular holiday home destinations of the Costa Brava and Costa Dorada. Mortgage lenders have agreed to offer 100% financing on the condition that developers drop their prices by 20%.

It takes almost a year to sell a home in Spain

344 days, or almost a year. That’s the average time it takes to sell a property in Spain, according to new research by Idealista, a Spanish property portal. Unless vendors get real and drop their prices the time on the market “is likely to carry on getting longer,” warns the report from Idealista.

Planning approvals plunge by 54pc in Q3

The number of new homes started in the third quarter of the year was down 54% compared to the same time last year, according to the latest figures from Spain’s College of Architects. Excluding social housing, there were just 17,500 planning approvals in the third quarter, compared to 28,400 last year.

Spanish property recovery is underway and prices will start to rise by 10pc per year says expert

I recently read an interesting interview with Mikel Echavarren, head of Irea, a Spanish real estate consultancy, talking about the state of the real estate sector in Spain. As an experienced professional in touch with many different companies in the sector it is worth listening to what he has to say. Here is a selection [...]

Market for new homes on road to recovery say developers

The market for new homes is on the road to a mild recovery, claims the G-14 group of Spain’s leading developers. Sales of newly built homes will continue “consolidating in the coming months” said Pedro Pérez, head of the G-14. Let’s hope this is not just wishful thinking by developers desperate for the market to [...]

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