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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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 [...]

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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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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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Rents are rising and prices are falling, so yields are improving for landlords. Average rental prices rose by 1% in July compared to last year, show the latest figures from the National Institute of Statistics (INE). This is surprising given the glut of property for sale and rent on the market. Over 6 months annualised [...]

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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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In yet another sign of continued weakness in the Spanish property market, the number of property appraisals carried out last year fell 4%, according to a new report from the Bank of Spain. But whilst the number of appraisals fell by just 4%, property values contained in those appraisals fell by an average of 17%. [...]

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The Spanish government is asking as many as 8,000 young adults to return their means-tested housing benefits after they were paid by mistake. The Ministry of Housing has sent a letter to 8,000 recipients of housing benefits for the young (RBE) ordering them to return the money received after the Spanish Treasury discovered they earned [...]

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The town council of Marbella has slashed the fine that developers will have to pay for legalising homes they built in contravention of planning permission, bringing the end of Marbella’s town planning chaos a step closer. So long as the developers responsible for building some 16,500 illegal properties in Marbella compensate the town hall for [...]

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The United States director is presenting his new film and supporting a tourism campaign for Asturias

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