Bargains for real, or just talk?

In recent months some banks and developers have been trumpeting discounts of between 25% and 50% on much of their stock, in some cases more. But according to official statistics property prices in Spain are only down 15% from their 2007 peak. Everyone knows the official figures are a bit dodgy, but are they really [...]

The Spanish property market adjustment – where are we?

Recently there was a good article by José García Montalvo in the Spanish daily El Pais, discussing the present state of the Spanish property market, and asking what will determine the scale of the adjustment underway. Here is a summary of the article by García, a professor and real estate expert at Barcelona’s Pompeu Fabra [...]

Spanish property still 27pc over-valued says new report

Residential property in Spain is still 27% over-valued, despite the property market crash, claims a new report from Aguirre Newman, a real estate consultancy.

Spanish home sales down 15pc in Q3

Home sales fell to 110,709 transactions in third quarter, down 15% compared to same period last year, according to Spain’s property register. The good news is that the fall in sales appears to be bottoming out. The bad news is the market is now a lot smaller than it used to be, which spells trouble [...]