Here you will find news, views, events and information relating to real-estate in Spain.
The number of new mortgages registered in 2017 was 310,640, an increase of 10.9% with respect to 2016. The autonomous communities with the highest number of new mortgages were Andalucía (60,026), Comunidad de Madrid (56,866), Cataluña (50,848) and Comunidad Valenciana (32,408). Of all the autonomous communities the number of new mortgages on housing increased with Continue Reading
There were 39,945 housing sales in February, representing an annual increase of 2.7%, according to the latest report from the Council of Notaries. By type of property, the sale of apartments increased by 6.2%, while sales of single-family homes showed a notable fall of 11.6%, year-on-year. The increase in sales of apartments was due to Continue Reading
Seven out of 10 buyers who purchased a home in Spain in 2017 required bank financing and/or family assistance. In six out of 10 cases, only bank financing was required to complete a purchase. In one out of 10 cases, buyers also required family assistance on top of bank finance to buy their home. These Continue Reading
Since the financial crisis, many properties were taken back by the banks as owners struggled to keep up with their repayments. Today, a lot of bank stock is on the market, many thousands of properties, at prices well below market-value as the financial institutions that caused the crisis with their irresponsible lending attempt to claw Continue Reading
The average amount of new mortgages approved in November was 145,769 euros. This is 15.1% higher than in the same month in 2016. This is according to the latest data released by the INE. The number of new mortgages on homes was 24,882. This represents a 3.7% fall compared to the previous year. The average Continue Reading
The number of new home mortgage approvals in October was just short of twenty-five thousand (24,706). This is 8.2% more than in the same month in 2016. The average amount of the new mortgages was 120,628 euros, an annual increase of 9.2%. The value of mortgages for urban property reached a massive 4,824.9 million euros. Continue Reading
Andalusia, Valencia and Catalonia accounted for more than half of housing foreclosures during the summer of 2017. The number of foreclosures on “personas fisicas” (property owned by an individual) continues to fall with the third quarter seeing only about 1,600 cases. This is almost half as many as were seen in the previous quarter. On Continue Reading
A report by pisos.com says the good performance of the Spanish property market has been clearly demonstrated by the statistics for 2017 and has continued to move in a positive direction throughout the year. Everything seems to indicate that prices, purchases, mortgages and new construction licences are in a state of stable growth and may Continue Reading
The provincial courts that were created at the beginning of summer to handle the barrage of lawsuits against banks for abusive mortgage clauses are receiving around 1,000 cases per day. According to the data handled by the General Council of the Judiciary (CGPJ), between January 1st and November 5th, the 54 courts have registered a Continue Reading
The number of property sales in Spain stood at 47,145 transactions in May, according to data released by the General Council of Notaries. This represents a year-on-year increase of 17.5% when compared to May in the previous year. By type of housing, the sale of used property showed an annual increase of 20.4% while sales Continue Reading
