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Category: myVIVA Property (box 1) (96 articles)

Spain’s property market stirs back into life

Interest in Spanish property is picking up, both domestically and among foreign buyers

What a difference two years makes. Now, it is never really wise to compare Daily Mail headlines with Financial Times ones, but a story published on the FT over the weekend struck a notable chord.

The FT reports that the town of Seseña, 35km south of Madrid, has begun to pique the interest of potential property buyers. This news is significant because back in 2012 Seseña stood for all that was wrong with Spanish property: incomplete, overpriced, empty and unnecessary. The never-to-be-inhabited overspill suburb of Madrid became the stick with which media outlets beat Spain’s property market…

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Author:Ian Clover 30/09/2014 [0] Comments 
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Spanish property prices post first sustained rise for six years

Last quarter, Spanish property was 0.6% more expensive than the same time last year

Property prices in Spain during the second quarter of the year rose year-on-year for the first time since 2008 as the country’s real estate market steadied further.

With property transactions having increased encouragingly over the past few months (rising by 24 per cent in July in Málaga province alone), it appears that the property market in Spain has turned a corner…

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Author:Ian Clover 17/09/2014 [0] Comments 
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July property sales up 24 per cent in Málaga province

Nueva Andalucía, Marbella, Málaga

Property transactions in Málaga in July were the highest since 2008.

The positive reports about the Spanish housing market just keep on coming. The latest one – published just yesterday by the INE (Spain’s National Statistics Institute) – shows that property sales in the province of Málaga, which includes the Costa del Sol, were up by a whopping 24 per cent in July when compared to figures for the same month last year, and streets ahead of the 10.7 per cent increase recorded nationally…

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Author:Carolyn Mowlem 12/09/2014 [0] Comments 
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Buying a property in Spain? This is one report you can't afford to miss!

Current Spanish property market statisticsPublished just last week on the Spanish Property Insight website, the ‘Latest Housing Market Figures in Detail’ report is truly essential reading that no one thinking of buying a property in Spain should miss out on. Packed with invaluable information, research and analyses, it’s also every bit as relevant whether you’re selling your property or just like to keep bang up to speed on market trends…

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Author:Carolyn Mowlem 04/09/2014 [3] Comments 
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Spanish mortgage approvals rise at fastest rate for eight years

June saw Spanish mortgage approvals shoot up considerably when compared to last year

Official figures released by Spain’s National Statistics Institute (INE) this week have revealed that mortgage approvals in June rose 19 per cent year-on-year – the biggest monthly increase since March 2006.

Although overall mortgage approval numbers were some way short of the market’s peak in 2006 and 2007, the increase signals a slight cause for optimism for the Spanish property market.

The INE reports that 17,137 mortgages were approved in June, with the average loan amount rising 1.3 per cent to €98,582. In total, €10.7 billion in mortgage loans were signed off in June…

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Author:Ian Clover 29/08/2014 [1] Comment 
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90 per cent of foreign buyers on the Costa del Sol don’t need a mortgage, study finds

Marbella, Costa del Sol

The Costa del Sol property market is being driven by foreign buyers

Focusing on the current state of the Costa del Sol property market, a new study – just released by international real estate consultancy Aguirre Newman – confirms that throughout 2014 activity is being driven by foreign buyers, 90 per cent of whom, given that prices have been falling for 7 years, do not need to finance their purchase…

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Author:Carolyn Mowlem 26/08/2014 [1] Comment 
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Brits no longer drawn to ‘emerging markets’ when buying property abroad

While the emerging markets of 2005-6 failed to emerge, Spain has cemented its position at the top

Cast your mind back seven or eight years and the buzz words on everybody’s lips were “emerging” and “markets”. In the overseas property sector, these two words were shorthand for Dubai, Bulgaria, Cyprus, Turkey, Romania, Brazil, Egypt and Panama – locations that were set to become serious rivals to Spain’s crown as the destination of choice for Brits looking to buy abroad…

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Author:Ian Clover 18/08/2014 [0] Comments 
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Spanish house sales rise 8.8% in a year

Sales in Spanish property are up for the fourth month running

Figures published this week by Spain’s National Statistics Institute (INE) show that sales in Spanish property have risen by 8.8 per cent in the space of 21 months.

In June this year there were 26,076 property transactions for the month, nearly all of which were in the resale market. This is a significant increase on the same period last year, and represents the fourth consecutive monthly increase in property sales… Continue Reading

Author:Ian Clover 11/08/2014 [0] Comments 
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Spain house prices set to rise in 2016, say analysts

On the rise: Property prices in Spain are set to edge upwards from 2016

Credit ratings agency Standard & Poors released a report last week that predicts house prices in Spain will rise by two per cent in 2016, after reaching the bottom of the market next year.

Since the economic crisis brought Spain’s real estate sector tumbling in 2008, property prices have fallen by an average of 30 per cent across the country. On the Costa del Sol, many experts agree that prices bottomed out towards the end of 2012 and into 2013, and have steadily begun to rise in some of the more popular resorts such as Marbella and Nueva AndalucíaContinue Reading

Author:Ian Clover 06/08/2014 [0] Comments 
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US Fund Cerberus said to be investing €220m in Sotogrande

The marina at Sotogrande

World-famous sport and leisure amenities at Sotogrande include a beautiful marina, five golf courses and a polo ground

Although details of the deal are still few and far between, according to reports, giant US investment fund, Cerberus Capital Management L.P. – which is headquartered in New York and whose acquisitions also include a portfolio of bank branches bought from Caja Madrid in 2010 – has successfully won a bid at auction to acquire the Sotogrande real estate unit from previous owners NH Hoteles which controls Sotogrande Golf & Polo Resorts…

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Author:Carolyn Mowlem 05/08/2014 [0] Comments 
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