THE AVERAGE price of housing in Spain increased by 3.9 per cent year-on-year in March 2019, according to property valuation company Tinsa. The islands and capitals and large cities showed the highest growth, with eight per cent and six point six per cent respectively. Housing has recovered 13.8 per cent of its value since the post-crisis minimum, remaining 34.7 per cent below the maximum of...
Property
HOUSING prices in the UK jumped by an average of 1.1% in April, the biggest rise in a year and equivalent to £3,500 (about €4,000). Estate agents who were asked said people who had been putting moves on hold due to Brexit concerns were now “bored with Brexit” as the end date for leaving the EU was once again pushed back. The average asking price for a house in Britain is now a shade over £300,000,...
If you´ve been inspired by the dramatic action in the final series of Game of Thrones, then you might fancy a Spanish palace or castle as your next property purchase! Spain of course is a country with a long and rich medieval history, having been influenced by Arab, Visigoth and Celtic civilisations. Several original locations have even been used in Game of Thrones for their authentic atmosphere of...
THE UK’s Labour Party are considering controversial measures to cap house growth, something they talked about in more detail this week. Shadow Housing Secretary John Healey said that the Bank of England could be asked to control house prices the same way they now do with inflation. How they would go about that isn’t exactly clear, but restrictions on mortgage lending seem the most likely method....
LATEST figures show that luxury real estate sales to foreigners - classified as properties costing more than half a million euros - have increased by 40% in the Valencian Community. Although the region sells more houses to foreigners than anywhere else in the country, they have only a small share of the luxury market. These accounted for 2.18% of total sales as opposed to the Balearic Islands where 20% of...
Spain´s recent changes to the rental law have created some important changes mainly for landlords, especially in regard to long-term leases. Most landlords wrongly assume that when the mandatory five years are up, the lease agreement is automatically terminated. If nothing is done, an automatic extension to long-term leases now operates by law(known as “silent renewal”), the idea being to...
Spanish house sales rose by five per cent in February, compared to the same month a year earlier, according to official Land Registry figures, with a big rise in Murcia, but a drop in the Costa Blanca region. The property market has shown rises every February for the last five years, according to figures from the National Institute of Statistics (INE), based on statistics from the Land Registrars’...
HERE in Spain people’s living arrangements are changing dramatically, most of it not out of choice. On the one hand, a recent survey has shown that half the single occupation households in the country, about two million, are pensioners and about 40% of those are over 80. On the other side of the coinless young people are living alone and instead are staying with their parents, with over 53% of 25 to...
IF you want to buy a property in the happiest place in the world then you need to make the move to Malaga, according to recent research. The study by the Happiness Research Unit ranked the Costa del Sol city number one globally as people smile there more than anywhere else. 20 different places were measured in the research and showed that 14% of Malaga residents were smiling at any given time. Milan was...
FOR the first time in eight years Spain built more housing than it sold in 2018, an indicator of a possible housing crash or signs of a healthy economy depending on your viewpoint. 100,000 permissions to build were granted last year, a 24% rise and well above the 90,000 properties that were sold over the same period. Between 2008 (when the last housing bubble burst) and 2016, sales far exceeded new builds...