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Spanish household mortgage debt jumps in June |
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 [&]
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Tinsa Spanish property price index down 4.3pc |
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 [&]
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House sales on the up, but no sign of a strong rebound |
The Spanish property market appears to have bottomed out, at least in terms of transactions, but there is no sign of a strong rebound in sales. Excluding social housing, there were 33,581 residential property transactions in June, 5.5% up on the same month last year, according to the Government’s figures (INE). In the first 6 [&]
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Supply of properties under 200,000 Euros explodes in Barcelona and Madrid |
Flat for sale for 127,000 Euros in Barcelona Gothic Quarter, asking price reduced by 24% (see details at Idealista.com) The supply in Barcelona and Madrid of properties for sale under 200,000 Euros has exploded in the last year as vendors drop their prices, reveals new research from Spanish property portal Idealista.com. Over 12 months to [&]
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