Tinsa Index – July

[AnonymousParticipant]

Published today:
http://www.tinsa.es/n-pages/np-files/1/down/IMIE/2012/07_Ficha_Imie_Julio_2012.pdf

General -11.2% (June -10.8%)
Costas -11.0% (June -13.3%)

Peak (Dec 2007) to present

General -31.0%
Costas -37.2%

Interesting to note that the biggest falls this month (14%) have been in the Balearic islands which have up till now avoided the worst of the slump. As it is only one months figures it may just be a glitch but I’ll keep my eye on it.

Otherwise same old, same old. No sign of a bottom in sight yet.

[ChoperaParticipant]

@brianc_li wrote:

Published today:
http://www.tinsa.es/n-pages/np-files/1/down/IMIE/2012/07_Ficha_Imie_Julio_2012.pdf

General -11.2% (June -10.8%)
Costas -11.0% (June -13.3%)

Peak (Dec 2007) to present

General -31.0%
Costas -37.2%

Interesting to note that the biggest falls this month (14%) have been in the Balearic islands which have up till now avoided the worst of the slump. As it is only one months figures it may just be a glitch but I’ll keep my eye on it.

Otherwise same old, same old. No sign of a bottom in sight yet.

Someone was asking about Ibiza on here recently. I’m expecting the Balearics to hold up much more than mainland Spain, so it’ll be interesting to see if those falls continue.

[AnonymousParticipant]

I am expecting some big falls in the Canary islands, particularly apartments in Teneriffe. Remember, the property sales tax when buying property in the Canary Islands is 5% compared to 10% in the rest of Spain and the weather is great all year round in the Canaries and the rental market there is not as seasonal as on the rest of the mediterranean which means that in theory you can rent out your property all year round and is not just restricted to the traditional holiday months of May to August.

[AnonymousParticipant]

Yup the balearic has sort of been a “safe” haven so far disregarding that not many transfers has taken place.

[AnonymousParticipant]

@brianc_li wrote:

Otherwise same old, same old. No sign of a bottom in sight yet.

Can we all agree that we would love to see a bottom?

[DBMarcos99Participant]

I believe the forced sales by the banks will snuff out any recovery in prices this year. The question is though, will the numbers actually sold start to increase?

[AnonymousParticipant]

@mark wrote:

@brianc_li wrote:

Otherwise same old, same old. No sign of a bottom in sight yet.

Can we all agree that we would love to see a bottom?

Yesbox.

[AnonymousParticipant]

But not any old bottom – one with a nice curve 😉

[AnonymousParticipant]

Mark, have you been on oysters, again !!!!!!!!

[ChoperaParticipant]

@mark wrote:

But not any old bottom – one with a nice curve 😉

Would you like me to post a picture?

[AnonymousParticipant]

According to TV4 in Sweden. Swedes buying in Spain has gone up 140% in four years time.

[Author]

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