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News Articles

The number of approved mortgages grows 22% in the Balearic Islands

The number of mortgages on homes in Balearic increased by 21.9% in February compared to the same month of 2009, reaching 1506, according to the National Statistics Institute (INE)

Thus, the increase recorded in February is much higher than that recorded in January, when the number of ...

FOREIGN BUYER SURGE REVEALS A DISTINCT DIVIDE IN THE SPANISH PROPERTY MARKET

A substantial increase in foreign lifestyle buyers and investors has split the property market in Spain.

Sales are up 200% in some regions when compared to 2009 - despite the Bank of Spain claiming that last year was the worst in a decade for overseas buyers purchasing in Spain.

...
No oversupply of property in Mallorca
A number of commentators have observed that the property market in Mallorca is faring a good deal better than any other region is Spain and is likely to be the first to recover.

"We’re seeing quite good activity there," says Mark Harvey who looks after international residential developments ...
Spain tops for property searches on rightmove
Traditional European markets saw interest increase by an average of 20% in May, according to UK-based portal Rightmove.co.uk.

Portugal was one of the biggest winners with a 29% monthly increase in searches overall, while the country’s Silver Coast saw an 82% rise – the website’s biggest jump ...
Spain is most popular destination for Brits looking for property abroad
British property investors are still showing considerable interest in buying real estate abroad despite the recession, according to the latest figures from an international search website.

Spain is the number one search destination, pushing France into second place, according to the latest f ...
Glut of new build property in Spain
Spain has over 150,000 newly built holiday home’s on the coast looking for an owner according to a recent article in the Spanish financial daily "Expansion". 

Paul McMullen of escapetospain comments on the Spanish property market in the UK’s Homes Overseas magazine.
Buying Spanish property on a budget

Spain may be licking her wounds after her spectacular property rise and fall, but there are signs that the worst is over. Statistics show that property sales are slowly recovering; agents and developers in spain are under close scrutiny fol ...
Spanish property news - Planning approvals down 74% in Alicante
Planning approvals in the Costa Blanca ( Alicante Province ) fell 74% in 2008, according to the Alicante College of Technical Architects.

After a decade of increasing development building activity decreased more in Alicante than in any other region in Spain, where the average fall was 60%. ...

Oversupply of new Spanish property will take two years to digest
The oversupply of new build properties in Spain will take two and a half years to digest according to data from the institute of construction technology ( Itec ).

With approximately one million new homes on the market any property completed by developers in the next two and a half years will jo ...

Spanish Property Boom Officially Over, Says Report
December 2008

A recently published report from the Spanish Ministry of Housing reinforces the fact that the Spanish property boom is now over. The number of transactions involving resale properties is back to the pre-boom low, with sales having declined by 47% to 179,000 in the first nine ...

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