Market bumping along floor in transaction terms
The latest monthly home sales figures are out for September from the National Institute of Statistics. Transactions are the heartbeat of markets, so it’s always worth a look at the monthly sales figure. What do the latest figures tell us about the state of the Spanish property market?
Window of opportunity for prime property buyers in Mallorca
Something is stirring in Mallorca’s property market. The overall market still looks depressed, but look a bit closer and you find that the quality segment is coming back to life. A window of opportunity has opened up for buyers who want the best at a reasonable price. That window won’t stay open for ever.
Tinsa Spanish property price index continues improving
The Tinsa property price index for October shows that average prices fell by 7.4% over the last 12 months. That’s the smallest fall in a year. Peak to present prices are down just 13.5%.
Segments are the key to understanding today’s property market
You often hear people talking about the Spanish property market as if it were one homogeneous thing, and I confess I’m as guilty as anyone. In reality Spain has lots of different markets, so sweeping statements can be misleading if segments are going in different directions, as they are now. It’s time to start talking [...]
Bank offering properties with discounts of up to 40pc
Banesto is the latest Spanish bank to offer properties for sale with discounts of up to 40%. But the offer only stands during November, in an effort to try and nudge potential buyers into making a move sooner rather than later.
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