Devastating figures of Property Stock: 6.1 million houses

Today is the presentation of a new book on property in Spain. Borja Mateo is the author and the title is “La Verdad Sobre El Mercado Inmobiliario Español” –The truth about the Spanish property market. The book is somehow controversial since the author discourages buyers to buy now (it is better to wait a couple of years because the prices will improve) and also he underlines that Developer

The Euro Crisis: Spanish Property Under Threat

  Tips on key points to decide whether to buy or not to buy in Spain?   The financial crisis has reached a new peak after the bail-out of Ireland. The pressure is now on Spain (and Portugal). The Spanish financial problem differs from the Irish one, but it is still bringing a debate as to whether Spain needs a cash injection from the EU as has happened in Ireland. Whether it does or i

Spanish sector leads the fall in house construction

In the construction sector, seasonally adjusted production fell by 2.1% in the euro area and by 1.7% in the EU27 in September 2010, compared with the previous month. Spain is leading the fall in construction in the EU. It dropped by 31,7 in September 2010 compared to September 2009. Compared with September 2009, output in September 2010 dropped by 8.1% in the euro area and by 3.6% in the EU27.

What’s happening on the Spanish property scene?

Well, it looks like the Spanish property market has been forgotten after the looters took away the treasure during the property boom and the economy fell in depression. It's the right impression and we do not blame you if this is your viewpoint. But the reality is that the market is alive, the rental sector is a strong option and investors have a tough task to find good properties in a market w

Homebuyers trapped by Banks Swaps Strategy

It could be dozen of thousands of Spanish mortgage borrowers who have been affected by Swaps products commercialized by Spanish Banks between 2007 and 2009. So far, there are more than 4,000 already registered as affected, but only Banks know how many there are. La Caixa, Santander, Bankinter, Caixa Galicia and BBVA are the ones that most widely sold this product.     Spanish Banks ha

Developers admit that ˝toxic properties˝ should be demolished

For the first time in Spain, property developers have recognized in public that it could be better to demolish developments that were built up in the Spanish property boom and will never be sold. It was a public statement announced last week in Valencia during a seminar run by the Asociación para el Progreso y la Dirección (APD). The idea to demolish non-marketable developments is not new - in I

Confusing statistics: 495,684 houses sold in twelve months

Statistics released from the Ministry of Housing have always been in the spotlight because they confuse buyers, property investors, and tend to be useless for marketers. The best example is the latest data release: in the last 12 months the Spanish market has counted a total 495,684 transactions. It sounds like nearly half a million properties were sold. At this pace, the country would

Spanish property nightmare: Lessons from British expats

  British communities in Spain that have been a victim of property fraud and planning abuse in the last decade are receiving signs of hope in order to regulate the situation of their house. According to the local newspaper "La Voz de Almeria", local authorities in the Almerian Almanzora Valley are seriously reconsidering an “amnesty” for most of the 11,000 houses that are categorize

Property Show in Madrid may Bring some Bargains

It will be more difficult to sell homes in 2011 than it was in 2010, according to Eloy Bohua, managing director of the most relevant property show in Spain, SIMA. Bohua states that in the current market situation, properties shown during the next Sima Autumn Show (october 15th to 18th) will need to be very well promoted and come with a finance pack to support the deal. The next Sima Autumn Show

The Recesion does not Stop Britons from Searching a Home Abroad

When decision time comes, Spain will always be one of the favourite destinations for Britons who want to emigrate or just want to invest in property. According to research from the property website Primelocation.com , the rate of Britons looking for a property abroad was 151% higher in June 2010 than in June 2009. A total of 1,500 Britons were questioned in the research. The favourite destinati

A Very Optimistic Prediction for the Spanish Property recovery

It looks like the Spanish property market hit rock bottom during the first half of 2010, but now it is starting to show signs of improvement in terms of property trading and prices. Official and non-official figures show a slight improvement in property trading, and the academic institution IPE (Instituto de Prácticas Empresariales) dares to forecast that starting in January 2011 prices will s