Land Prices Fell by 17.4% in Q2

Posted by on Sep 21, 2013 in News

Compared with the same period in 2012, the average price of urban land fell by 17.4% in the second quarter of the year, to stand at 161.5 euros per square metre, thus keeping them at their lowest values since at least 2004, according to the latest data from the Ministry of Development. Year-on-year the price of land registered a drop despite their quarter-on-quarter appreciation of 2.7%. The larger and smaller municipalities are those which recorded the biggest drops in land prices in the last year. In towns of less than 1,000 inhabitants the decline was 28.6% year-on-year, and in towns of more than 50,000 citizens, prices fell by 25.2% year-on-year. Urban land prices also fell by 24.8% in the towns with between 1,000 and 5,000 inhabitants, by 19.8% in those with 5,000 to 10,000 inhabitants, and dropped by 11.7% in towns with 10,000 to 50,000 citizens. Read...

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Notaries Confirm the Drop in Home Sales

Posted by on Sep 21, 2013 in News

Following the recent data published by the National Statistics Institute and the Ministry of Public Works, the Council of Notaries’ statistics, compiled from actual operations closed in the month, confirmed last week that, although pointing towards stabilisation, home sales continued to fall in July, by 7.9%, while the price per square metre of homes sold dropped by 13.9% year-on-year, placing the average at 1,238 euros. Specifically, El Mundo reported that in the housing sector, sales experienced a 10.8% reduction, year-on-year, and the average price per square metre was 1,351 euros, representing a drop of 14.6%, year-on-year. Read...

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House Prices Fell by 9.3% in August

Posted by on Sep 17, 2013 in News

According to the latest Spanish Real Estate Market Index (Imie) prepared by property appraiser, Tinsa, the price of housing in Spain fell by an average of 9.3% in August, compared to the same month of 2012, and represented a cumulative decline in prices of 38.6% since the maximums reached in December 2007. August’s negative percentage, however, is slightly more moderate than the 9.6% decline registered in July, indicating that housing prices are continuing to ease after the tax benefits for home purchases were abolished on 1st January this year. Read...

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Foreign Buyers Bolster Housing Market

Posted by on Sep 11, 2013 in News

September 10th, 2013 According to the latest housing statistics published last week by the Spanish Ministry of Development on the Government website, La Moncloa, 345,471 homes were sold in Spain between July 2012 and June 2013, representing an increase of 2.3% over the previous twelve months. The statistical results of residential property transactions made before a notary show that in the second quarter of 2013, a total of 80,722 homes were sold in Spain, representing a decline of 4.2% compared with the second quarter of 2012. Read...

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Price of Private Housing Down 7.8% Year-on-Year

Posted by on Sep 11, 2013 in News

According to the latest data from the Spanish Government’s Ministry of Development, in the second quarter of 2013, the price of private housing maintained the rate of decline shown in the first three months of the year, falling by 7.8% year-on-year to 1,481.7 euros per square metre, and also registered a decline of 2.5% quarter-on-quarter. Looking at the historical series, the figures show that the price per square metre has fallen by 29.5% since its peak, reached in the first quarter of 2008. The price of new housing – up to two years old – has fallen to a lesser extent, by 5.1% to 1,562.3 euros per square metre. However, in the case of used housing – more than two years old – the decline was 8.2% year-on-year, to 1,462.9 euros per square metre. Read...

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