Archive for March, 2011

 

March 11th, 2011

The Spanish house price index figures for February 2011 have just been released. See the graph and the table below for an up to date overview of the real estate market trend in Spain.

Spanish House Price Index - February 2011

The graph and table data represent the year-on-year evolution of Spanish property values. For example, if the value for August 2009 would be -3.9, then this means that average property prices in August 2009 are 3.9% lower than they were a year earlier, in August 2008.

The graph and table on this page contain up to date information for the past 13 months. For more information, please look at earlier monthly reports, or the historical overview since January 2001.

The graph and table data are based on actual property valuations, as established by one of Spain’s larget independent property valuation companies, Tinsa S.A. They are not based on asking prices or (under)declared selling prices, nor on the statistics as provided by the Spanish Ministry of Housing, and are therefore considered to be the most acurate and reliable source for this kind of information.

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March 11th, 2011

A staggering 11,000 houses are to be legalised in one fell swoop. The plan, which has been announced by the Junta, will give the thumbs-up for the vast majority of illegally-built homes around the Axarquia. While described by environmentalists as ‘giving a free reign to build on rustic land’, it comes as a major boost for homeowners, hundreds of them expats.

Announced at a meeting of the region’s mayors, the Junta’s head of public works, Josefina Cruz, revealed that only 1,500 of the 12,760 homes investigated are now facing demolition. At the meeting on Friday, Cruz explained that the decree was being made out of a necessity to calm the situation down. “This is not an amnesty, but recognition of a reality, and responding to it, but with conditions,” explained Cruz. “What we are doing is recognising the existence of 11,025 homes which can start a process of legalisation.”

However, of the remaining 1,735 properties, 976 are less than four years old, while 859 are deemed to have been illegally built on ‘specially-protected land’ and cannot be made legal. The amnesty also excludes the two areas of Alcaucin and La Vinuela, where thousands more illegal homes have been built and the mayors are facing corruption charges. These will be dealt with separately.

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