spanish property
April 15th, 2013
In 2010 the average net wealth of households in the eurozone periphery countries, such as Spain or Italy, exceeded the wealth in the monetary union’s core economies, such as Germany and France, according to the first Eurosystem financial and household consumption survey published by the European Central Bank (ECB). El Mundo ...
Continue reading ECB Says Spanish are Wealthier than Germans and French
February 14th, 2013
Contradicting the recent data published by the National Statistics Institute, which reported a drop of -11.3% in housing sales in 2012, the Notarial Statistics have given a positive rate of +2.7%. According to these figures, which they state are more attached to reality, 366,225 transactions were closed in 2012 over ...
Continue reading Notaries’ Statistics Register Increase in Homes Sales in 2012
February 8th, 2013
The Spanish housing stock has depreciated 1.1 billion euros in the last four years, from 5,713 billion euros to 4,600.9 billion euros, or 19.5% less, and, according to a study by the appraiser Euroval, in this period the net balance of housing has increased by one million units. The report reveals ...
Continue reading Spain’s Housing Stock Depreciated 1.1 Billion Euros in 4 Years
January 30th, 2013
According to a recent study by auditing and consulting firm PwC and the ULI institute (Urban Land Institute) in which property investors were optimistic, Munich and Berlin are the most attractive real estate markets in Europe. This is the first time two German cities have led the ranking of the ...
Continue reading Munich and Berlin Lead European Ranking for Property Investors
December 19th, 2012
Spanish investigators received an international letter rogatory for judicial assistance from the Egyptian authorities in which they requested the location of moveable and fixed assets, bank accounts, companies and any other assets in order to then proceed with an application for restrictive precautionary measures on the real rights held by ...
Continue reading Spain Uncovers 28 Million Euros of Mubarak Assets
December 11th, 2012
Banks have increased their offensive in order to reduce the volume of properties on their balance sheets, and are again giving mortgages worth more than 100% of the price or appraised value of a property. The BBVA, Popular and Sabadell banks, among others, are applying this practice, which is aimed ...
Continue reading Banks Return to Granting 100%+ Mortgages
November 27th, 2012
The number of new mortgages contracted for house purchases in September fell 32.2% compared to the same month of 2011, reaching 21,195 transactions. This latest figure marks 29 consecutive months of declines and a sharpened pace of decline, which in August was 28.5%. However, according to the data published by the ...
Continue reading New Mortgages Fell 32.2% in September
August 22nd, 2012
Average house rental prices in Spain experienced a drop in July of 3.1% year-on-year, which adds up to 53 months with continued declines, while also recording their first monthly growth (+0.8%) since January, to stand at 7.56 euros per square metre. According to data analysed by the digital portal Fotocasa.es, on ...
Continue reading House Rental Prices Fell by 3.1% Year-on-Year in July
July 16th, 2012
House prices would have to fall between 10% and 20% to compensate Spanish residents for the disappearance of the personal income tax relief for buying a home, and the planned increase in VAT on the purchase of new homes, from 4% to 10% from January 2013. This is the estimation of ...
Continue reading Government Measures May Prompt Fall in House Prices
June 18th, 2012
The International Monetary Fund (IMF) has called for Spain to lower the salaries of public employees in the future, and also to raise VAT and excise duties right now, albeit temporarily, in order to facilitate the adjustment of the deficit while structural cuts are implemented. The international organisation also called for ...
Continue reading IMF Urges Spain to Cut Public Salaries and Raise VAT
