Supply of properties under 200,000 Euros explodes in Barcelona and Madrid
Flat for sale for 127,000 Euros in Barcelona Gothic Quarter, asking price reduced by 24% (see details at Idealista.com) The supply in Barcelona and Madrid of properties for sale under 200,000 Euros has exploded in the last year as vendors drop their prices, reveals new research from Spanish property portal Idealista.com.
House sales on the up, but no sign of a strong rebound
The Spanish property market appears to have bottomed out, at least in terms of transactions, but there is no sign of a strong rebound in sales.
Tinsa Spanish property price index down 4.3pc
Average Spanish property prices fell 4.3% over 12 months to the end of July, according to Tinsa, one of Spain’s leading property appraisal companies.
Resale asking prices down a fraction in July says portal
Resale asking prices for property in Spain fell 0.4% in July compared to the same month last year, according to the index published by Idealista.com, a leading property portal. The problem is average asking prices in Spain are a long way from the reality of what buyers are prepared to pay.
Banks keeping price of property artificially high
A recent article in one of Spain’s leading papers points the finger at banks for keeping the price of property artificially high
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