Resale asking prices for property in Spain fell 0.4% in July compared to the same month last year, according to the index published by Idealista.com, a leading property portal. The problem is average asking prices in Spain are a long way from the reality of what buyers are prepared to pay. Vendors are now asking [...]

More: continued here

The biggest jump in residential mortgage debt for 13 months suggests improving housing market spirits. Outstanding residential mortgage debt grew in June by 1.4% to 684 billion Euros, according to figures released yesterday by the Bank of Spain. This is the biggest rise in the mortgage debt for 13 months. Mortgage debt has not risen [...]

More: continued here
Powered by SmartRSS

Spain will be one of the developed countries where property prices are hardest hit by an ageing population, argues a new report from the Bank of International Settlements (BIS). It forecasts that by 2050, an increasingly elderly population will leave Spanish property prices 75% lower in real terms than they would have been without the [...]

More: continued here

Average Spanish property prices fell 4.3% over 12 months to the end of July, according to Tinsa, one of Spain’s leading property appraisal companies. If Tinsa’s figures are to be believed, Spanish property prices are still falling on an annualised basis, but less with every passing month. If this trend continues, prices will soon be [...]

More: continued here