Archives for Property
November 11th, 2009
In Kyero's news yesterday it was revealed that the one millionth property landmark had been passed, a great accomplishment to the all those who have made Kyero the leading Spanish property portal for the foreign market. I thought it would be good to look back at some of the history ...
Continue reading One Million Spanish Properties and Counting
November 26th, 2009
A survey, conducted in June this year among more than 6,000 people reveals that currently the major obstacle in buying a property in Spain was in obtaining financing. In fact, 87% said it is difficult or very difficult to get a loan today, well above the European average 60%. However, it also ...
Continue reading Spanish Property Buyers just need Finance
November 26th, 2009
The average home in Spain is currently on the market for 344 days, taking more than 11 months to find a buyer, according to a study recently published, which indicates that many prices are still out of reach of many buyers. The length of time is reduced in some areas of ...
Continue reading Around 1 Year to Sell a Spanish Property
November 27th, 2009
The Ministry of Finance has estimated that more than half of all residential leases in Spain not declared to the relevant tax authorities. This has been stated just over a month since income tax rent relief for landlords was raised from 50 to 60%. Specifically, they estimate that there are ...
Continue reading Massive Tax Evasion on Rental Properties in Spain
November 30th, 2009
In more mortgage related news, the Euribor has closed the month of November with its ninth straight record low at 1.23%, meaning an average saving of 240 euros per month or 2880 per year compared to one year ago, this data is based on an average mortgage of € 150,000 ...
Continue reading 240 Euro per Month Saving on an Average Spanish Mortgage
December 1st, 2009
One of Spain’s leading banks, Caixa Catalunya, has said that its stock of housing, taken on due to the recent financial circumstances, has almost completely been absorbed in some regions. The bank states that "we are very near the end, if not already finished". This has led to an increase ...
Continue reading Recovery in Some Areas of the Spanish Property Market
December 1st, 2009
In further economic debate primarily related to the Spanish property industry, the adoption of a draft Sustainable Economy Act has been discussed. And perhaps the most repeated comment heard was "things are heading in the right direction", although most with the caveat of "it is not sufficient." The adjustment in ...
Continue reading Increase in Spain’s Rental Market to Solve Property Surplus
December 10th, 2009
Spanish home sales totaled 106,273 in the third quarter of 2009, while this is 13.6% less than the same period last year, it does represent the smallest decline in a quarter since sales began plummeting in mid 2007. Meanwhile, second-hand property has recovered by 11.5% as 52,299 homes were sold between ...
Continue reading An Improving Spanish Property Market
December 21st, 2009
Spain is, along with Denmark and Ireland, one of only three European countries that still have not registered any quarterly rise in housing prices since the start of the credit crunch, according to the world price index from property consultants Knight Frank. They have indicated that these three countries have ...
Continue reading Spanish Property Prices Down 8%
December 22nd, 2009
A Spanish couple needs to earn 31,266 euros per year (2,695 euros per month) to buy a home, which is more than double (+107.86%) the average salary of around €15,000. This is the main conclusion in a report produced by the Youth Council of Spain (CJE). The organization further indicates that, ...
Continue reading Spanish Property Prices Too High for the Young
