The Spanish property bust is dead, long live the recovery

The bust is dead, the Spanish property market’s recovery has begun! That’s how some leading daily papers like El Pais are interpreting the latest figures from the National Institute of Statistics (INE) showing the market grew ever so slightly in January. Well, I wouldn’t try to claim a vigorous recovery is underway, but there’s no [...]

Tinsa property price index stable in February, but coastal property prices lurch down

p>Spanish property prices fell by 5.5% over 12 months to the end of February, according to the property price index published monthly by Tinsa, one of Spain’s leading appraisal companies. That means no change for the national index since last month, which Tinsa describes as showing “a certain level of stabilisation.”

Spanish property market grew slightly in Q4 says Ministry of Housing

There was a small uptick in Spanish housing sales during the fourth quarter of last year, according to data released today by the Ministry of Housing. Small, maybe, but enough for the Government to get excited about. “The transactions in the fourth quarter represent a rise of 4.1% with respect to the same period last [...]

New figures tell tale of property boom and bust

The Ministry of Development has just released some statistics that help illustrate the severity of Spain’s construction boom and bust. What is worse, there is no quick solution as much of the trouble is stored up in a new homes glut that will take years for the market to digest.

Housing gets more affordable but only thanks to low interest rates

Property prices don’t really mean much unless you compare them to incomes, to get what is known as the housing affordability ratio – the proportion of annual gross income that families have to spend on financing the purchase of a home. The housing affordability ratio in Spain has been going down, but only really thanks [...]

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