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Category: Property (305 articles)

January home sales in Spain rose more than 26% on last year

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The numbers are good, in terms of prices, mortgages and volume.

The positive news stories for the Spanish property market just keep rolling in: latest data from Spain’s notaries has revealed that the number of property transactions recorded in January was 26.6% higher than the same month in 2015…

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Author: 18/03/2016 [0] Comments 

Spanish property selling at fastest rate for five years

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With 401,000 home sales last year, Spain’s property market is undoubtedly on the mend.

There were more than 400,000 homes sold in Spain in 2015 – the most in a single year since 2010 and a growth of 9.8% on the previous 12 months.

Data from the Ministry of Development published last week shows that there were 401,281 transactions, of which more than 114,000 were recorded in the fourth and final quarter. This strong end-of-year performance suggests that a strong tail-wind will blow into 2016, meaning this year is likely to see even more home sales recorded

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Author: 15/03/2016 [0] Comments 

More people live in apartments in Spain than in any other EU country, study finds

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A recent Eurostat survey finds that 66.5% of the Spanish population live in apartments, way above the EU average.

A recent survey carried out by Eurostat – a Luxembourg-based Directorate-General of the European Commission – has found that Spain is overwhelmingly in pole position among European Union nations when it comes to the percentage of its population that lives in apartments rather than in houses, with some 66.5% occupying flats versus 33.1% residing in houses…

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Author: 14/03/2016 [0] Comments 

Report finds 81% increase in British demand for Spanish property

Moving can be stressful, but it doesn't have to be...

The Brits are moving back into the Spanish property market in their droves…

Figures released this week by the College of Property Registrars has revealed that the number of Brits buying property in Spain rose 81% in 2015 compared to 2014 – a staggering return to form for the market’s largest group of foreign investors…

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Author: 11/03/2016 [0] Comments 

Spain's 'Golden Visa' scheme bearing fruit

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Spain’s ‘Golden Visa’ permits non-EU nationals to travel freely throughout the EU

Following a somewhat slow start when the scheme was initially launched in 2013, Spain’s ‘Golden Visa’ initiative has gained a bit of traction, accounting for €911 million in property investment up until the end of 2015. Aimed at helping bolster recovery following the real estate crash and economic crisis towards the end of the last decade, foreign buyers were originally slow on the uptake, but a steady flow of €500,000-plus investments have injected a welcome and sizeable chunk of change into the ever-improving Spanish economy…

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Author: 08/03/2016 [0] Comments 

Expat life delivers wealth, health and happiness, finds survey

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Expats typically enjoy a life that is healthier, happier and richer than those who have never moved abroad.

Moving to another country is extremely beneficial to a person’s wealth, health and happiness, a new survey by international relocations company MoveHub has found.

In polling 1,000 people from the UK and Ireland – half of whom had previously lived abroad or were current expats, and half of whom who had never made the move – the survey found that 69% of those who had experience of expat life rated their health as good or very good. In contrast, only 58% of those who had only ever lived in their country of birth said likewise…

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Author: 04/03/2016 [0] Comments 

Spanish mortgage approvals up 20% in space of a year

Spain's property market is approaching a perfect storm of rising values and rising transactions.

Since pretty much flatlining in 2014, mortgage approvals rose 20% in 2015, driving Spain’s property market recovery.

Yet more positive data has emerged from Spain’s National Statistics Institute (INE) that reveals the rosy state of the nation’s housing market.

After it was revealed last week that Spanish property prices are set to enjoy an average increase of around 6.3% in 2016, new stats from the INE revealed that the level of mortgage lending in 2015 was 20% up on that recorded in 2014…

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Author: 03/03/2016 [0] Comments 

Approval of Spanish mortgages rose at fastest rate ever in 2015

Average property prices will rise around 2.5% in 2016, with some areas - such as the Costa del Sol - likely to perform even more strongly than that.

The growth of mortgage approvals between last year and the year that preceded it is the fastest ever recorded for Spain.

The number of mortgage approvals recorded in Spain in 2015 was up 19.8% on the number recorded a year prior – the largest year-on-year increase since records began in 2003.

This data, released last week by the National Statistics Institute (INE) is perhaps the strongest indication yet that the Spanish property market has well and truly recovered from a near decade-long slump…

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Author: 01/03/2016 [0] Comments 

Spanish property prices could enjoy 6.3% rise in 2016

A luxury home AND the right to reside in Spain? The Golden Visa is an attractive scheme for many.

Whether buying for investment or lifestyle, the lure of property in Spain has begun to strengthen once more.

New analysis from the property division of Spain’s Caixa bank forecasts Spanish property prices to rise by as much as 6.3% in some parts of the country this year.

Having seen national average price declines halt in 2015, across Spain property values are expected to increase in most regions this year, but the more popular areas of the country – namely the coastal resorts of the Costa del Sol and the Costa Brava, as well as the large cities of Barcelona, Madrid and Valencia – will post more robust price rises, Caixa believes…

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Author: 29/02/2016 [2] Comments 

Five ways the EU benefits Brits in Spain

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Better together? For Brits in Spain, the benefits of the UK remaining in the EU are enormous.

A report published just hours after London Mayor Boris Johnson said that he would be backing the Brexit campaign found that the average Briton is around £3,000 a year better off with EU membership.

Johnson’s decision also saw the pound take its sharpest tumble on the currency exchanges for nearly a year as economists made it rather clear: big business, bankers and much of industry want Britain to remain in the EU.

However, people have grown tired of hearing about the wants and whims of corporations, and perhaps Boris was cleverly trying to tap into something more human – a fear of losing control of the UK’s borders, purse strings and sovereignty.

But there are many humanistic and personal reasons for the UK to remain in the EU that benefit every Briton. And there is one huge group of Brits who stand to lose more than most if Brexit becomes a reality – Brits in Spain.

With more than 1.2 million estimated to be living in Spain, this group of Brits is one of the largest outside the UK, and will be most directly impacted if votes go the way of the “Out” campaigners.

Here are five reminders why EU membership is great for British expats in Spain…

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Author: 25/02/2016 [10] Comments 
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