Latest official property price figures stay detached from reality
The latest property prices figures from the Ministry of Housing maintain the pretence that house prices have barely fallen despite the property market crash and a savage recession.
Spanish property market bounces back by 16pc in February
The latest figures from the National Institute of Statistics (INE) show that the Spanish property market grew by 16% in February compared to the same month last year, building on the trend started in January. This suggest the market has touched bottom and is starting to recovery after 2 years of declines, at least in [...]
The slow death of the Cajas, and what that means for the property market
There was an interesting article yesterday in the FT/alphaville column, entitled “The slow death of the Cajas”, about the liquidity problems facing Spain’s regional savings banks, or cajas. The article didn’t go into it, but this has big implications for the property market.
Tinsa property price index marks time in March
Spanish property prices fell by 5.3% over 12 months to the end of March, according to the property price index published monthly by Tinsa, one of Spain’s leading appraisal companies. This represents a slight improvement for the national index since last month, suggesting that a weak trend towards price stabilisation is still on track.
Time running out for Polaris World
Time is running out for Spanish holiday-home developer Polaris World. It now has just 10 days to reach a deal with its creditors before it is forced to seek protection from them in court administration, reports the financial news site Eleconomista.es. Court administration is often the first step towards bankruptcy.
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