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In the third trimester of 2012, the cost of housing in Spain recorded a year-on-year fall of 15.2%, which represents the largest fall amongst all the European Union member countries: these countries also experienced an average decline of 1.9% respectively for the same period in 2011, according to Eurostat data, which has for the first time, published homogenous data regarding the progress of house prices of the EU’s...
Stats about Spanish property prices never stop coming from one source or another. All of them are predictions but all of them agree that prices have dropped… and there is still room to drop even further on average. In 2011 the average property prices fall in Spain was 11.3%. Spain, according to the data that the magazine “The Economist” handles, is the first world country where housing prices...
Homes today are worth 11.3% less than a year ago and 25% less than 3 years ago. The valuations of homes that were made in the last month of the year testified to this. Tinsa, the top appraiser of the country in number of valuations, confirms the roller coaster ride that the price of flats, the main assets of Spanish families, is being thrown into at length in their...
The average price for new housing in the capitals of province has gone down a 6,9% in 2012, situating itself in 2,212 Euros per square metre, so an average flat of 90 square metres would have a price of 199.100 euros at the present moment, according to a report by the Property Valuation Society. Since the value of new housing reached its highest point, in 2007, their price...
These are some comments about the latest relevant figures that predict further property prices fall for 2013 and 2014. Prices will probably not recover until 2017 but in the current climate property bargains are already there. At the same time, expectations on foreign buyers are high. The national market is ill and sales are still low: There is a need of properties in Spain but not the conditions...
The link of this article takes you to a very useful map of home prices with average figures per square metre in each region and each postcode (properties built before 2010).The data corresponds to August 2012 If you click on a region of the map a window will be open with residential prices per city and postcodes. The source of the data are the Ministry of Housing...
The fall of housing prices drop in the month of July, going back down by 11.2%, opposite the 11.5% that the second quarter closed with, and this totals a descent of 31 since the maximum that was reached in December of 2007, according to the latest Tinsa report on local housing markets. The majority of the territories followed this descending path, the most notable fall being that...
Spanish homes continue getting cheaper at a great pace, statistic after statistic, regardless of the cause. So, according to the last report of the property prices index company Tinsa, the price of the home deepened its drop in the second trimester, going back 11.5% from Q2/2011 to Q2/2012. A percentage higher than that registered in the previous trimester of 9.2% from Q1/2011 to Q1/2012. Property investors can...
Starting on January 1st, 2013, the VAT for new Spanish homes will rise from 10% from the current 4%. This is one of the new measures that the Government has adopted in order to increase revenue. Many basic products will have their VAT raised, as was begun in September 2012, but the Government has decided to keep the 4% VAT for Spanish properties this year, as scheduled. The...
We are currently witnessing the sharpest fall in Spanish house prices on record. According to the property prices index company TINSA, house prices fell by 11.1% in May 2012 (compared with May 2012) , one point less than their April fall of 12.5%. According to the National Institute of Statistics, average property prices in the first quarter of 2012 has fallen by 12.6% compared with the same...
The drop in house prices in Spain will pick up speed, according to a Euroval's reports. (the statement had been released before the Spanish bailout was announced) . The report indicates that the Spanish property market has not yet seen sufficient ‘price contraction’ because buyers are waiting to take advantage of lower prices, while sellers are trying to avoid selling at a loss.
Property sales and property prices keep dropping in Spain. According the National Institute of Statistics, the number of sales has dropped by 31.8% in February 2012 (30.745 properties were sold) compared with February 2011. Prices keep falling: an average drop of 11.5% in March 2012 compared with the same month in 2011.
The Spanish property market prices may have dropped low enough in order to encourage investors and home buyers to keep an eye on the Spanish market.
According to the property prices’ index of the leading company TINSA, property prices dropped in August 2011 by 6.8% compared with August 2010. The average drop in property prices in the big cities is 25.6% since the price-peak of 2007 whereas, on the Mediterranean coast, the fall has reached 29.2%.
According to the Spanish National Institute of Statistics, property transactions in February 2011 were 10.5% higher than February 2010. This increase in sales goes along with further falls in property prices. A good point of view by the writer David Landford
In the course of the last two weeks, the national (saving bank CAM) and international economic climate (Portugal) has put additional pressure on the reliability of the Spanish economy and on the need to drop property prices at a faster pace. These are the main points that we want to highlight
The last week delivered a few interesting figures and indicators regarding property transactions and property prices in Spain that are certainly helpful if you put them all together. Prices may fall a bit further in 2011, which could reactivate the market.
Demography is one of the driving factors of the property market in order to assess the needs of properties…and to be able to predict the market. In this article, we introduce some figures about demography forecast in Madrid and current prices in the Spanish capital that may help property investors. According to the Regional Statistics Institute in Madrid, the population in residential areas outside the Spanish capital will rise...
The property market crisis is forcing home owners in valencia spain to bring down the selling prices by 21.6%, according to the chairman of API Valencia (equivalent to Deanery of Real Estates Agents), the newspaper El Mundo published yesterday. Therefore, property prices in Valencia are back to 2004 levels, which could be an excellent opportunity for home buyers who want to take advantage of the current market and also...
According to Spanish property experts who were interviewed by the newspaper "abc" last week, property prices in Spain will remain moderated by banks in the last quarter of 2010 and probably in 2011.
