Spanish mortgage costs continue rising
A summary of the Latest Euribor and Spanish mortgage news
Official House Price Index -6.8pc in Q2
Spain’s official House Price Index, published by the Statistic’s Institute (INE), shows that house prices fell 6.8pc over 12 months to the end of June, compared to -4.1pc at the end of March.
Holiday homes 8pc cheaper than a year ago according to Tinsa House price index
Average Spanish house prices have declined 5.9pc over the last year to the end of May, according to the house price index published by Tinsa – one of Spain’s leading appraisal companies. Holiday homes are down even more.
Planning approvals down 17pc in 2010, -89pc since 2006
Year-end data from the Government confirms that 2010 was the worst year on record for the Spanish home-building industry. The chart above illustrates just how much of a pummelling the industry has taken in the last four years.
Santander’s Plan Revital promo with discounts up to 58pc – interesting opportunity in Menorca
Altamira – Santander’s real estate arm – are offering 200 homes with discounts of between 50pc and 58pc. One development in Menorca is particularly interesting.
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