July 2nd, 2011

The Spanish house price index figures for June 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 - June 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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June 2nd, 2011

The Spanish house price index figures for May 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 - May 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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May 6th, 2011

Euribor (12 months), the interest rate generally used to calculate mortgage repayments in Spain, rose to 2.086 in April, a change of +8.4% compared to the previous month, and the first time Euribor has been above 2% since February 2009.

On an annualised basis, Euribor is 70.3% higher than it was a year ago (see graph above), meaning higher monthly repayments for borrowers with mortgages resetting now.

Repayments for a typical mortgage (150,000 Euros, 25 years, Euribor +0.25) will go up by around 64 Euros per month, or 775 Euros per year. That will punish many a stretched household budget in Spain.

Interest rates over the last 20 years

Where will rates go from here? Upwards, most likely. The chart above, from property portal Idealisa.com, plots interest rates over the last 20 years. As you can see, we are in a period of exceptionally low interest rates (that are probably incubating the next crisis).

Story by Mark Stucklin

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May 2nd, 2011

The Spanish house price index figures for April 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 - April 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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April 21st, 2011

The Spanish house price index figures for March 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 - March 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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April 19th, 2011

Forget holidays at home and cut-price breaks to Turkey, if you’re looking for value for money the Spanish Costas are the most affordable destination in Europe.

Al fresco dining at yacht club El Candado, in Málaga city © Montes de Malaga Real Estate

British holidaymakers will get more for their cash on the Iberian Peninsula than any other hotspot, with prices in Spain dipping to a four-year low, according to a new survey.

Recession-hit Spain has slashed prices after the number of Britons visiting the country dropped by 15 to 20 per cent, due to the double whammy of financial woes at home and the buoyant euro.

Hotels, food and other everyday items are now more affordable in Spain than in any other holiday destination.

A three-course evening meal on the Costa del Sol costs on average £23.58 compared to £37.74 in Greece and £43.86 in the Turkish resort of Marmaris.

And when it comes to other items such as suncream, a bottle of beer, insect repellent and soft drinks, Spain’s Costas also come out on top, with prices often half those found in other holiday resorts.

According to the poll by Post Office Travel Money, Miami is the most expensive destination, with a meal and nine everyday items averaging a whopping £92.81.

The same items cost more than £80 in France and Italy and more than £70 in Brighton, Egypt and Cyprus. In Spain they came to just £42.15.

After years of high prices and low visitor numbers, Spain is now 36 per cent cheaper than it was in 2007.

Its affordability is making it a favourite holiday destination with Britons once more, with visitor numbers up 11 per cent year on year for 2011.

‘As we can see from the Post Office figures, Spain is offering extremely good value and it’s not just restaurateurs dropping prices, but hoteliers as well,’ said Sean Tipton, spokesperson for ABTA The Travel Association.

‘The pound has rallied against the euro, but the exchange rate problem has been completely wiped out by the low prices being offered.

‘Spain should be congratulated for recognising the problem and doing all it can to change it and encourage holidaymakers back.’

Story from Daily Mail

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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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February 11th, 2011

The Spanish house price index figures for January 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 - January 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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January 11th, 2011

The Spanish house price index figures for December 2010 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 - December 2010

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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Posted in Property market | Comments Off