Following spanishpropertyinsight.com - Spanish house prices are still falling in most places around the
country, according to the latest local house price index, published
quarterly by the appraisal company Tinsa.
The index for the third quarter of the year shows that prices were up
in six provincial capitals, nine provinces, and three autonomous
communities, but fell everywhere else.
The average national house price kept falling as a result, down 4.3% compared to the same period last year.
The cumulative fall in Spanish house prices since the boom topped out
in Q3 2007 is now 40.3%, according to Tinsa’s valuations. That’s the
first time the peak-to-trough fall has broken through the 40% barrier.
By provincial capitals, prices rose last quarter by 3.8% in Teruel, 2.1% in Zaragoza, 1.7% in Malaga (home to the Costa del Sol), 1.6% in Pontevedra, 0.6% in Cáceres, and 0.1% in Barcelona.
At the other end of the scale prices crashed by 16% in Salamanca and 15% in Segovia, both in the region of Castilla y Leon.
House prices in the Spanish capital Madrid fell an annualised 2%,
which means a peak-to-trough decline of 48.7%. Not as bad as Barcelona
province though, where prices are down 51.2% in total.
The record for cummulative declines goes to Guadalajar, down 59.4%, ,
followed by Zaragoza (-54.4%), and Valencia (-53.2%). So in some parts
of Spain at least, house prices have more than halved since boom turned
to bust.
Article: http://www.spanishpropertyinsight.com/2014/11/05/house-prices-still-falling-regions/
Great selection of properties you will find on www.okeyspain.com
jueves, 6 de noviembre de 2014
Property of the Day!
Property of the Day!
Fantastic 6 bedroom villa for sale in Pedreguer, Costa Blanca, Alicante
A beautiful 6 bedroom property in the desirable location of Pedreguer and a 10 minute to the Portal de La Marina Shopping Centre and just 15 minutes to Denia with its magnificent beaches, shops, bars and restaurants. The property is full of character and charm and is very private. Enter through automatic electric gates onto the driveway with parking for 6+ cars. From the magnificent large entrance hall there is a spacious living/ dining room with Tosca stone, bevelled ceilings and feature fireplace. Off of the hallway are doors leading out to an open courtyard.
More details: http://www.okeyspain.com/property/470823-6-bedroom-villa-for-sale-in-pedreguer-alicante.html
Fantastic 6 bedroom villa for sale in Pedreguer, Costa Blanca, Alicante
A beautiful 6 bedroom property in the desirable location of Pedreguer and a 10 minute to the Portal de La Marina Shopping Centre and just 15 minutes to Denia with its magnificent beaches, shops, bars and restaurants. The property is full of character and charm and is very private. Enter through automatic electric gates onto the driveway with parking for 6+ cars. From the magnificent large entrance hall there is a spacious living/ dining room with Tosca stone, bevelled ceilings and feature fireplace. Off of the hallway are doors leading out to an open courtyard.
More details: http://www.okeyspain.com/property/470823-6-bedroom-villa-for-sale-in-pedreguer-alicante.html
viernes, 17 de octubre de 2014
Home sales in Spain up over 12% on a quarterly basis
Following PropertyWire.com: the
number of homes sold in Spain increased by 12.1% in the second quarter
compared to a year earlier and was boosted by an increasing number of
foreign buyers.
Data from the Ministry of Public Works shows that a total of 91,338
homes were sold in the quarter, the best second quarter since 2010.
It also shows that 16.4% of the sales were to foreign residents, as the number of purchases by non-Spanish citizens rose for the 12 quarter in a row.
In the 12 months from July 2013 to June 2014, some 337,115 homes were sold in Spain, a 12.2% increase from the same period a year earlier, according to the Ministry’s data.
The gains were led by a 12.2% increase in the Canary Islands. Other areas continued to see sales declines but much more moderate than in previous quarters.
Meanwhile, a judge in Almeria has awarded €135,000 damages to three British families who bought illegal homes a decade ago in Albox, in a case which might open the door for similar legal action around Spain.
The judge ruled that they bought their homes in ‘good faith’ and decided that they deserved compensation for living with the possibility of losing their home.
The judge also awarded €7,800 to another British family, whose savings were trapped in a home that was half built before work was stopped.
It is estimated that more than 250,000 homes were built illegally in Andalusia during the boom years, creating an emotional and complex issue for local authorities. A plan was approved by the ruling junta in 2012 to legalise homes, but there has been little progress.
A few weeks ago junta president Susana Díaz announced an additional 25,000 homes could be saved from destruction, under a new amendment to the plan. But there is still uncertainty about the fate of and ultimate legal status of the homes.
For years owners, many of them expats, have not known whether their homes would be demolished. In many cases they could not rent or resell their property with the legal case ongoing.
Last month prosecutors called for the demolition of 93 homes in Albox but the local mayor said the homes would likely be saved by the new legislation.
Article here: http://www.propertywire.com/news/europe/spain-real-estate-sales-201410079672.html
Great selection of properties you will find on www.okeyspain.com
It also shows that 16.4% of the sales were to foreign residents, as the number of purchases by non-Spanish citizens rose for the 12 quarter in a row.
In the 12 months from July 2013 to June 2014, some 337,115 homes were sold in Spain, a 12.2% increase from the same period a year earlier, according to the Ministry’s data.
The gains were led by a 12.2% increase in the Canary Islands. Other areas continued to see sales declines but much more moderate than in previous quarters.
Meanwhile, a judge in Almeria has awarded €135,000 damages to three British families who bought illegal homes a decade ago in Albox, in a case which might open the door for similar legal action around Spain.
The judge ruled that they bought their homes in ‘good faith’ and decided that they deserved compensation for living with the possibility of losing their home.
The judge also awarded €7,800 to another British family, whose savings were trapped in a home that was half built before work was stopped.
It is estimated that more than 250,000 homes were built illegally in Andalusia during the boom years, creating an emotional and complex issue for local authorities. A plan was approved by the ruling junta in 2012 to legalise homes, but there has been little progress.
A few weeks ago junta president Susana Díaz announced an additional 25,000 homes could be saved from destruction, under a new amendment to the plan. But there is still uncertainty about the fate of and ultimate legal status of the homes.
For years owners, many of them expats, have not known whether their homes would be demolished. In many cases they could not rent or resell their property with the legal case ongoing.
Last month prosecutors called for the demolition of 93 homes in Albox but the local mayor said the homes would likely be saved by the new legislation.
Article here: http://www.propertywire.com/news/europe/spain-real-estate-sales-201410079672.html
Great selection of properties you will find on www.okeyspain.com
Property of the Day!
Property of the Day!
Beautiful 5 bedroom new built villa in Benahavis, Malaga, Costa del Sol
Located in a quiet cul-de-sac with only one other property this exceptionally built and stylish modern villa offers many possibilities to all potential buyers. The villa is situated in one of the richest municipalities in Spain , Benahavis and as such it enjoys lower annual taxes. Everything is brand new in this superb villa, from limestone floors, pre-installed A/C, underfloor heating in the living room, kitchen, master bedroom and bathroom. The kitchen is fully equipped with all new top quality appliances. The villa is extremely bright with excellent use of large glass windows and each room is very spacious indeed with high ceilings in most rooms.
More details: http://www.okeyspain.com/property/475713-5-bedroom-villa-for-sale-in-benahavis-malaga.html
Beautiful 5 bedroom new built villa in Benahavis, Malaga, Costa del Sol
Located in a quiet cul-de-sac with only one other property this exceptionally built and stylish modern villa offers many possibilities to all potential buyers. The villa is situated in one of the richest municipalities in Spain , Benahavis and as such it enjoys lower annual taxes. Everything is brand new in this superb villa, from limestone floors, pre-installed A/C, underfloor heating in the living room, kitchen, master bedroom and bathroom. The kitchen is fully equipped with all new top quality appliances. The villa is extremely bright with excellent use of large glass windows and each room is very spacious indeed with high ceilings in most rooms.
More details: http://www.okeyspain.com/property/475713-5-bedroom-villa-for-sale-in-benahavis-malaga.html
domingo, 28 de septiembre de 2014
Properties in Spain are the cheapest in EU!
Following EuroWeeklyNews.com - buying a home in Spain is cheaper than elsewhere in the EU.
As reported by an annual analysis on Spain’s realestate market conducted by Deloitte, the percentage of income spent by households on mortgage payments - rate of effort - has been steadily falling in recent years and currently stands at 33 per cent, as a result of the decline in house prices registered since the outbreak of the economic crisis.
Moreover, the average home price in Spain is 4.4 times the individual gross salary, compared to many countries in the European Union where prices are 6.1 times the individual gross wage and Britain and France, where the ratio is 8.5 and 7.9 times the individual income.
For the fourth year and compared to the rest of the country, homeowners in Barcelona and Guipuzcoa have had to spend a larger percentage of their income on mortgage payments, given the high price of housing in those provinces.
In contrast, buying properties in La Rioja, Lleida and Pontevedra is more accessible, since the rate of effort is lower than 30 per cent.
Article here: https://www.euroweeklynews.com/properties-in-spain-sale-real-estate-spain/item/122985-buying-properties-in-spain-is-cheaper-than-elsewhere-in-the-eu
Great selection of properties you will find on www.okeyspain.com
As reported by an annual analysis on Spain’s realestate market conducted by Deloitte, the percentage of income spent by households on mortgage payments - rate of effort - has been steadily falling in recent years and currently stands at 33 per cent, as a result of the decline in house prices registered since the outbreak of the economic crisis.
Moreover, the average home price in Spain is 4.4 times the individual gross salary, compared to many countries in the European Union where prices are 6.1 times the individual gross wage and Britain and France, where the ratio is 8.5 and 7.9 times the individual income.
For the fourth year and compared to the rest of the country, homeowners in Barcelona and Guipuzcoa have had to spend a larger percentage of their income on mortgage payments, given the high price of housing in those provinces.
In contrast, buying properties in La Rioja, Lleida and Pontevedra is more accessible, since the rate of effort is lower than 30 per cent.
Great selection of properties you will find on www.okeyspain.com
Property of the Day!
Property of the Day!
9 bedroom villa for sale in Peguera, Mallorca
Situated in Paguera, just behind the beach. This newly built Villa is located on a plot of 3.950 m2, with a total built area of 729 m2 in two buildings. The Villa consists of 2 floors with 679 m2 distributed in 9 bedrooms and 9 bathrooms, a spacious kitchen, dining room, several rooms and lounge, plus 271m2 of porches and terraces. Another building is designed for the gym and storage area with 50 m2.
More details: http://www.okeyspain.com/property/471118-9-bedroom-villa-for-sale-in-peguera-mallorca.html
9 bedroom villa for sale in Peguera, Mallorca
Situated in Paguera, just behind the beach. This newly built Villa is located on a plot of 3.950 m2, with a total built area of 729 m2 in two buildings. The Villa consists of 2 floors with 679 m2 distributed in 9 bedrooms and 9 bathrooms, a spacious kitchen, dining room, several rooms and lounge, plus 271m2 of porches and terraces. Another building is designed for the gym and storage area with 50 m2.
More details: http://www.okeyspain.com/property/471118-9-bedroom-villa-for-sale-in-peguera-mallorca.html
jueves, 25 de septiembre de 2014
Property of the Day!
Property of the Day!
3 bedroom apartment for sale in Valencia
Apartment with terrace Valencia for sale Spacious luxury home located on a 8th floor, in one of the finest buildings in the city with all the luxury amenities, pool, sauna, gym, playground, clubhouse, paddle, concierge service and 24 hour security, besides having the METRO at the entrance of the building, surrounded by supermarkets, drugstores, and some of the most current restaurants, all located next to the Conference Centre and the new Casino of Valencia.
More details: http://www.okeyspain.com/property/469204-3-bedroom-apartment-for-sale-in-valencia-valencia.html
3 bedroom apartment for sale in Valencia
Apartment with terrace Valencia for sale Spacious luxury home located on a 8th floor, in one of the finest buildings in the city with all the luxury amenities, pool, sauna, gym, playground, clubhouse, paddle, concierge service and 24 hour security, besides having the METRO at the entrance of the building, surrounded by supermarkets, drugstores, and some of the most current restaurants, all located next to the Conference Centre and the new Casino of Valencia.
More details: http://www.okeyspain.com/property/469204-3-bedroom-apartment-for-sale-in-valencia-valencia.html
NEWS: New law permits residence to bring 3 billion euros to Spain
To follow Spainrealestatenews.com - since new law came for foreigners who buy real estate worth more than
500 thousand Euros, this opportunity was used by 2,000 people, many of
whom are citizens of Russia and China. According to El Confidencial
Digital, citing sources in the government, the total volume of
investments amounted to about 3 billion euros.
This standard, which came into force a year ago, is designed to reduce the excess of abandoned houses in Spain at the time of low domestic demand and the need to attract foreign funds.
The above sources explained that the majority of investors have a high income. They have passed all established by the Ministry of Interior control steps, including the lack of a criminal record check.
Such a residence permit does not give the right to work, as well as the use of public health services and social benefits. Foreigners are issued a residence permit in Spain for two years with possibility of extension, subject to maintaining investment.
In order to get it, the buyer will have to invest in residential or any other real estate more than 500 000 euros. Thus means to be received from abroad. This provision does not cover those who buy property with the assistance of bank financing obtained in Spain.
Government sources said that a lot of these transactions accounted for Madrid and the Basque Country, which implies a serious change in the trend. To this day, it was mostly about the Russian and Chinese millionaires who bought property in Costa Brava, Valencia and Costa del Sol. Madrid often choose Chinese investors who want to send their children to study in Western universities.
All article here.
Great selection of properties you will find on www.okeyspain.com
This standard, which came into force a year ago, is designed to reduce the excess of abandoned houses in Spain at the time of low domestic demand and the need to attract foreign funds.
The above sources explained that the majority of investors have a high income. They have passed all established by the Ministry of Interior control steps, including the lack of a criminal record check.
Such a residence permit does not give the right to work, as well as the use of public health services and social benefits. Foreigners are issued a residence permit in Spain for two years with possibility of extension, subject to maintaining investment.
In order to get it, the buyer will have to invest in residential or any other real estate more than 500 000 euros. Thus means to be received from abroad. This provision does not cover those who buy property with the assistance of bank financing obtained in Spain.
Government sources said that a lot of these transactions accounted for Madrid and the Basque Country, which implies a serious change in the trend. To this day, it was mostly about the Russian and Chinese millionaires who bought property in Costa Brava, Valencia and Costa del Sol. Madrid often choose Chinese investors who want to send their children to study in Western universities.
All article here.
Great selection of properties you will find on www.okeyspain.com
martes, 23 de septiembre de 2014
Property of the Day!
Property of the Day!
5 bedroom apartment for sale in Marbella, Malaga
Ático, Marbella, Costa del Sol. 5 Dormitorios, 3 Baños, Construidos 170 m², Terraza 66 m². Posición : Ciudad, Área Comercial, Cerca de Tiendas, Cerca del Mar, Cerca de Cuidad, Cerca de Colegios, Urbanización. Orientación : Suroeste. Estado : Excelente. Piscina : Comunitaria. Climatización : Aire Acondicionado, A/A Caliente, A/A Frio, Calefacción Central.. Vistas : Mar, Montaña, Panorámicas, Urbanas.
More details: http://www.okeyspain.com/es/property/469285-5-bedroom-apartment-for-sale-in-marbella-malaga.html
5 bedroom apartment for sale in Marbella, Malaga
Ático, Marbella, Costa del Sol. 5 Dormitorios, 3 Baños, Construidos 170 m², Terraza 66 m². Posición : Ciudad, Área Comercial, Cerca de Tiendas, Cerca del Mar, Cerca de Cuidad, Cerca de Colegios, Urbanización. Orientación : Suroeste. Estado : Excelente. Piscina : Comunitaria. Climatización : Aire Acondicionado, A/A Caliente, A/A Frio, Calefacción Central.. Vistas : Mar, Montaña, Panorámicas, Urbanas.
More details: http://www.okeyspain.com/es/property/469285-5-bedroom-apartment-for-sale-in-marbella-malaga.html
jueves, 18 de septiembre de 2014
Foreign buyers boost Spanish real estate market
Following Alice Tidey, journalist CNBC, foreign buyers were one of the main drivers of the Spanish housing market in the first quarter of the year, accounting for nearly 20 percent of all sales.
According to research published by the Spanish General Council of Notaries on Monday, residential property sales to foreign buyers jumped by 27.2 percent year-on-year and constituted "one of the main engines of growth" in the market.
Coastal areas were the most in demand. Together with the Spanish capital of Madrid, they registered the highest year-on-year growth of any region, at over 40 percent.
British buyers were the biggest players, representing 13.8 percent of the foreign market, followed by the French (10.5 percent) and Russians (8.4 percent). Meanwhile, buying from Ireland shot up by a hefty 78.0 percent year-on-year.
However, the report highlighted increasing numbers of buyers from more far-flung countries. Perhaps bolstered by Bill Gates and George Soros's recent major stakes in Spanish real estate, buying by U.S. citizens surged by 88.9 percent year-on-year – although sales to Americans still totaled only 1 percent of the foreign market.
All article here.
Great selection of properties you will find on www.okeyspain.com
Property of the Day!
Property of the Day!
4 Bedroom finca for sale in San Miguel de Balasant, Ibiza
Finca San Miguel 36.800 m2,Mainhouse plus guesthouse,4 bedrooms, 5 bathrooms,living and dingarea, kitchen, office,garden, pool, carports, stables,IDEAL for summer lettings with license, 1 plot of 25.000 m2 can be segragated and sold as builing land for 500.000 €
More details: http://www.okeyspain.com/property/440960-4-bedroom-finca-for-sale-in-san-miguel-de-balasant-ibiza.html
Okeyspain Team
4 Bedroom finca for sale in San Miguel de Balasant, Ibiza
Finca San Miguel 36.800 m2,Mainhouse plus guesthouse,4 bedrooms, 5 bathrooms,living and dingarea, kitchen, office,garden, pool, carports, stables,IDEAL for summer lettings with license, 1 plot of 25.000 m2 can be segragated and sold as builing land for 500.000 €
More details: http://www.okeyspain.com/property/440960-4-bedroom-finca-for-sale-in-san-miguel-de-balasant-ibiza.html
Okeyspain Team
domingo, 14 de septiembre de 2014
Property of the day!
Property of the day!
5 bedroom villa for sale in Marbella, Malaga
Fabulous Villa in one of the most prestigious addresses in Marbella. This impressive 5 bedroom five bathroom house is set in a private gated community in Golden mile and is only five minutes from Marbella and Puerto Banus. The villa is built to cater for the most demanding tastes.
More details: http://www.okeyspain.com/property/467342-5-bedroom-villa-for-sale-in-marbella-malaga.html
Okeyspain Team
5 bedroom villa for sale in Marbella, Malaga
Fabulous Villa in one of the most prestigious addresses in Marbella. This impressive 5 bedroom five bathroom house is set in a private gated community in Golden mile and is only five minutes from Marbella and Puerto Banus. The villa is built to cater for the most demanding tastes.
More details: http://www.okeyspain.com/property/467342-5-bedroom-villa-for-sale-in-marbella-malaga.html
Okeyspain Team
miércoles, 10 de septiembre de 2014
Property of the day!
Property of the Day!
3 bedroom villa for sale in Javea, Alicante
Built in 2002 villa is located in a cul de sac in the beautiful area of Covatelles Javea, Costa Blanca North, Spain. Just 10 mins drive to the sandy beaches, shops and Golf course of Javea. Impressive controlled gate entrance, stairs to the porch area and into a spacious hallway.
Ideal family home for all year round living or rental investment property.
More details: http://www.okeyspain.com/property/446217-3-bedroom-villa-for-sale-in-javea-alicante.html
3 bedroom villa for sale in Javea, Alicante
Built in 2002 villa is located in a cul de sac in the beautiful area of Covatelles Javea, Costa Blanca North, Spain. Just 10 mins drive to the sandy beaches, shops and Golf course of Javea. Impressive controlled gate entrance, stairs to the porch area and into a spacious hallway.
Ideal family home for all year round living or rental investment property.
More details: http://www.okeyspain.com/property/446217-3-bedroom-villa-for-sale-in-javea-alicante.html
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OkeySpain.com is a web portal, which combines in a simple way to buyers and sellers of Spanish property.
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