real estate

13 August 2013

House Prices Drop 9.6% in June According to Tinsa

House prices have dropped by an average of 37.6% since 2007 Prices fell the most on the Mediterranean coast Real estate is 9.6% cheaper than a year ago Two news items related to real estate were...

Property purchases fall in June for the sixth year

13 August 2013

Property Purchases Continue to Decline in June

Property purchases between May and June fell 8.6% Purchases of resale properties increased 1.8% Purchases increased by 25% in the Canary Islands 23,462 properties were sold in June The property...

CatalunyaCaixa sells its portfoilio of real-estate assets

08 August 2013

CatalunyaCaixa Sells its Portfolio of Toxic Real-Estate Assets to Two Investment Funds

CatalunyaCaixa has 8.7 billion euro worth of property assets An American and a Swedish investment fund have agreed to take over CXI Bankia and La Caixa could be next to agree similar deals Just one...

Sareb sells first package of properties to investors

07 August 2013

Bad Bank Sells 1,000 Properties to US Private Equity Firm

Sareb finally closes Project Bull deal This has sparked interest from other international investors Many of the properties are located in coastal areas Spain’s bad bank, or Sareb as it is also known...

Sareb contemplates demolishing unfinished buildings

02 August 2013

Sareb Contemplates Demolition of Unfinished Buildings from 2016

Sareb could demolish unfinished buildings from 2016 This is a step that took place in Ireland It is part of a new business plan being offered to big banks and investors Spain’s ‘bad bank’ now has a...

House prices could fall a further 30% over the next few years

29 July 2013

British Analysts Predict Further Fall of 30% for Spanish Property

British economy experts say house prices need to drop to become affordable Values could fall to 2002 levels Recovery could be as late as 2018 There have been mixed opinions on the future of Spanish...

12 July 2013

Property Purchases Fall in May and Reduces Sector to Negative Figures Again

There were 26,222 property transactions in May this year Sales of new properties fell, but purchases of resales increased There were 11.2% more purchases in May than in April According to a recent...

La Caixa has thousands of rental contracts

11 July 2013

La Caixa Bank Doubles Income Through Property Service

La Caixa has almost tripled its rental contracts in one year The bank has generated 2.34 billion euro – double last year’s figures It owes its success to numerous property campaigns The property...

Property prices are falling at different rates across Spain

09 July 2013

House Prices Drop 10.6% in June

Property prices were 11% more expensive a year ago Since December 2007 real-estate has depreciated by 38% Property prices in the Balearics and Canary Islands fell at a rate below the national average...

Experts say property prices must still come down 25%

08 July 2013

Experts Believe Property Prices Should Reduce by a Further 25% to Stabilise Market

Experts believe house prices should return to pre-2002 levels To do this, they still need to drop another 25% The quicker house prices drop, the better, say experts As house prices continue to fall,...

Foreign investment into property falls 38% in the first quarter

05 July 2013

Real-Estate Investment by Non-Residents Falls 38% in First Quarter

Foreign non-residents invested 1.116 billion euro into real estate in the first quarter of 2013 This is 38% less than in the 4th quarter of 2012 The demand from foreigners is “critical for the...

Most of Spain's banks have launched summer campaigns to sell their properties

03 July 2013

Banks Campaign to Sell Off Stock of Properties with Huge Discounts

Spain’s banks launch campaigns to sell around 80,000 residential properties on their books Many banks offer 100% finance and 40-year mortgages A large number of properties are found in coastal...