housing
October 6th, 2009
The market was certainly bouyant in 2004, proving to be a goldmine for investors and home buyers. I persoanlly arrived in Spain in September 2003, when a 3 bedroom front line apartment could be bought for less than 100,000 euros ... with prices rising so fast we didn't jump in and ...
Continue reading Spanish house price rises highest in Europe
October 22nd, 2009
Renting in Spain hasn't changed much over the past few years, the advice held in this article from 2004 is mostly just the same in 2009, with some positive differences when taking into consideration the current market. Apartments are the predominant property in Spain, with few detached homes especially in towns ...
Continue reading Long term apartment rental in Spain
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
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 9th, 2009
In an interesting report, the British bank HSBC has stated that the adjustment of the housing market in Spain will continue in coming quarters even though there have been signs that the "free fall" of the property sector is nearing the end. The report compares the current status of the housing ...
Continue reading How Valid is One Bank’s Opinion on the Property Market in Spain?
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
December 23rd, 2009
Tomorrow a new suite of property laws from the Spanish Ministry of Housing comes into force, the law is being nicknamed the 'eviction express', and will improve the "legal certainty" of owners of rental property "without prejudicing the rights of tenants". The new law aims to promote a broader rental, and ...
Continue reading The Eviction Express Comes to Town
