Daily Archives: February 25, 2016

The origin of Valencia’s district names

The city’s 87 neighbourhoods and parishes are administratively divided into 19 districts. The city of Valencia is administratively divided into 19 districts, which are in turn made up of 87 neighbourhoods and parishes. Each one of the districts has an associated origin story. The name of each district gives a good indication of the story. Ciutat Vella of Valencia , for example, owes its ti

Luxury property in Madrid prices and sales rise

The luxury apartments market in Madrid prime areas such as Salamanca has gathered momentum compared to the last year, with a 25 per cent increase in the number of transactions and with some prices that normalized after the crisis. Moreover, transactions are becoming shorter and shorter, with periods reduced to between 3 and 6 months. Meanwhile, the districts of Salamanca and Chamberí lead the rec

The current state of Spain’s housing stock summarised

The surplus of unsold new properties in Spain reached 389,000 units, according to a report from Tinsa ( property evaluation company ) , a figure that will require two and a half years for the stock to be absorbed. This means that the date of reference is the first half of 2008 and that the demand will be for around 150,000 new houses a year. Their statistics indicate that the current stock of h

Madrid, the fourth most attractive European city to buy property

Spain is the country in the south of Europe which has most advanced in its economic recovery, while Madrid has been confirmed as the “fourth best city in continental Europe in which to invest. Madrid property investment is the trend” The ‘Real Estate Market Trends in Europe 2016’ report, produced by PwC and Urban Land Institute, makes it clear that despite changes in local government a