property

21 May 2013

Hacienda to Pursue Second Home Owner Tax Avoiders

Hacienda pursues is to pursue home owners that have declared their second residence as their first to avoid paying tax The tax authority is stepping up its campaign to clamp down on illegal rentals...

Foreign residents continue to buy property in Spain

03 April 2013

Foreign Residents Continue to Invest in Property in Spain

Foreign residents invested 6.3 billion euro in property last year The most popular regions for foreign residents to buy are Alicante, Málaga and Barcelona Five times as much money was invested into...

26 March 2013

The Price of Rentals Fell in February in 77% of Municipals

Rental prices fell in 77% of municipals The greatest drop in price was registered in Cubelles, Barcelona at 7% The average price to rent a property is 7,24 euro/sq m Consistent with the decline of...

More and more foreigners are choosing to invest in Spanish property

05 March 2013

Property Purchases by Foreign Non-Residents Rose by 30% Last Year

38,312 foreigners purchased a property in Spain last year Purchases by foreign non-residents doubled in Cataluña and in Valencia represent a third Alicante is the most popular region for foreigners...

28 February 2013

Mortgage Lending at Its Lowest Since the Start of the Crisis

The number of mortgages being granted are at their lowest There were just 17,577 mortgages given in December 2012 compared to over 120,000 in July 2005 The average mortgage value also decreased 8%...

A badly organised bad bank paralyses property sales

19 February 2013

A Disorganised ‘Bad Bank’ Holds up Property Sales

Sales have been paralysed for 2 months due to lack of organisation Assets may be returned to the banks to sell on Sareb’s behalf Prices of the properties owned by the bad bank are not any cheaper...

Bad bank sells former Bankia assets via Bankia outlets

07 February 2013

Bad Bank Begins to Sell Properties Through Nationalised Bank Branches

Bad bank has started selling Bankia properties through Bankia branches and the Bankia Habitat website New and second-hand properties all over Spain are being offered Much of the purchasing process...

International investors buy up commercial properties in Spain

07 January 2013

International Investors Buy up Big Buildings in Last-Minute Rush at the End of the Year

International investors spend 150 million euro in last days of December The commercial property market has seen several new investors buying up buildings Nevertheless, investment is still 50% less...

Rental market shake up planned by Spanish government

31 December 2012

Ministry of Public Works Plans to Shake Up Rental Market

Pastor says new law will utilise excess of empty properties Lower rental prices will make the market more competitive she says There are 3 million empty properties that could be rented out The crisis...

Evictions reach their highest amount ever

28 December 2012

Record Number of Evictions from January to September

The number of evictions in Spain has reached record heights There were 12,464 evictions between Jan and Sept in the Valencian region – the highest in Spain It is not known whether these statistics...

SabadellCAM to start 50 new construction projects

26 December 2012

SabadellCAM Set to Invest 200 Million into New Projects

SabadellCAM will begin projects in coastal areas of the Valencian region first Solvia will adapt to what the clients need in a bid to attract more of them, particularly foreigners The bank has not...

Russians will purchase more property if residency is granted