Insight into the Spanish property market, guides to help you make informed decisions, and a directory of real estate professionals and home service providers from a source you can trust.
This is a website for buyers, owners, and sellers of property in Spain, offering reliable information and resources to help you get things done with confidence. It is run by Mark Stücklin, author of the Spanish Property Doctor Column in The Sunday Times (2005-2008), and the book ‘Need to Know: Buying Property in Spain’ published by Collins.
When you buy or sell property in Spain the sums of money are large, perhaps one of the biggest financial decisions of your life. The high transaction costs you will face like taxes and commissions only make the decision more important to get right. And when you own property in Spain you face a host of extra challenges to manage, and costs to control. Unfortunately, the Spanish property market is opaque and full of pitfalls, and notoriously unprofessional. Buying and selling property in Spain is not a decision to be taken lightly, and you may find it much easier to buy than sell if you don’t take care. In this market it is crucial to do your own research, and don’t rely exclusively on people who are trying to sell you something – let’s just say they might not have your best interests at heart. Spanish Property Insight is the only independent source of information and analysis of the Spanish property market. Don’t even think about buying or selling property in Spain without subscribing to Spanish Property Insight.
The price of Spanish property in coastal areas where holiday-homes are concentrated fell 9.5pc over 12 months to the end of July, according to the monthly house-price index published by Tinsa – one of Spain’s leading appraisal companies.
The index shows that, nationwide, average prices fell 6.4pc in a year, a slight improvement on the 6.6pc fall in June. The index is based on Tinsa’s own valuations, so it is subject to bias.
The news from the coast is more depressing, showing a clear double-dip in prices. A year ago prices were only falling by 5pc, now they are falling by almost double that.
But the picture from The Balearics and The Canaries, which are also popular destinations with holiday-home and expat buyers, is better, at least from the vendor’s perspective. Prices in July were only 2.5pc lower than a year before, a big improvement on the 7pc annualised fall in June. The improvement could, however, just be a reflection of flaws in Tinsa’s index.
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