Average sales time for a new flat in Barcelona: 4.5 years
It takes an average of 4.5 years to sell a new flat in Barcelona from the time off-plan sales start, reveals a new report from real estate consultants Aguirre Newman.
Construction completions down 30pc on last year, but glut still growing
In an industry where it takes around 2 years for production output to respond to demand, construction completions are finally falling on an annualised basis. That will take some pressure off the market.
Caja Madrid owns 9,000 homes, turns to rental market
I just read that Caja Madrid – Spain’s second biggest savings bank after La Caixa – now has 9,000 homes on its books, 24% more than December 2009. Are they a bank or a property company? The properties come repos and debt-for-property swaps, and they think the whole lot is worth 2.4 billion Euros, or [...]
Tinsa Spanish property price index -4.6pc in October
A bit of an improvement on September, but otherwise not much to say about this month’s Tinsa Spanish property price index.
Spanish property market dips in September after 8 months on the up
After the euphoria of August, when the market surged 27pc, a major blow to morale in September, as the market shrank 4.5pc compared to last year, ending a run of 8 months uninterrupted growth.
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