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House Prices Keep Falling in 2014 2

SpainHouses.netFebruary 24, 2014April 2, 20202 Comments

House prices in Spain will continue to fall during 2014 and bottom out in 2015 when the demand for housing is likely to improve, according to a new analysis of the nation’s residential real estate market.

The report from Fitch Ratings points out that according to figures from the Housing Department the Spanish house price index (HPI) reached a peak year on year decline of 10% in December 2012 and fell by an additional 2.3% by the third quarter of 2013 which means that overall, the HPI has fallen by almost 30% since the onset of the financial crisis.

Despite the deceleration of house price decline, Fitch predicts that prices will continue to fall during 2014 and bottom out in 2015. It says that the house price decline will be driven by an estimated property overhang of above one million units.

The report also points out that during 2013 banks become increasingly willing to offload retail residential assets at deep discounts. Fitch expects this trend to continue, which, combined with the initiation of the commercial activity by the asset management company SAREB in the middle of 2013, will continue to put significant pressure on house prices.
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Beautiful Villa for Sale in San Jose, Ibiza (Balearics)

SpainHouses.netFebruary 21, 2014February 25, 2014Leave a comment

4 bedrooms, 4 bathrooms, Swimming-pool, Seaside Resort, Ibiza, Balearic Islands

Luxury minimalist style villa located near San Jose, with beautiful views over Cala Tarida and S'Esparta Island. The Villa has a flawless look all whitewashed with details in warm colors. The recently renovated property is located on a plot of 8,000 m2 located in a small hill southwest of San José and from any bedroom, living room or the terraces you can enjoy a panoramic view of the Cala Tarida bay with its spectacular sunsets.

The property has 350 m2 of built area with air conditioning in all the rooms. It has three bedrooms en suite with double bed and another bedroom with twin beds. The main bedroom equipped with king size bed is located on the top floor and has its own furnished terrace. The dining room and lounge on the ground floor, extend to a fully equipped and very modern stainless steel kitchen. The villa has beautiful terraces and a spectacular swimming pool from where you can see the stunning sea views.

The price is 2,300,000 €.

For more information click here: spainhouses.net

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Outstanding and Minimalist Home in Barcelona

SpainHouses.netFebruary 19, 2014February 21, 2014Leave a comment

Located in Igualada, Barcelona, this exclusive residence was crafted by the ingenious minds at Jaime Prous Architects. Built from pristine white stone brought in from Capri, the house beautifully combines lovely courtyards and serene interiors to achieve the right balance between open interiors and complete privacy. The design seems almost futuristic from the outside, as the three large, slim white forms converge to create a secluded haven in the heart of bustling Barcelona.

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House sales fall for third year in a row

SpainHouses.netFebruary 17, 2014February 17, 2014Leave a comment

The Spanish housing market remained locked in a trough in 2013, six years after a massive property bubble burst.

According to figures released by the National Statistics Institute (INE), the number of homes sold last year, excluding public housing schemes, fell 1.2 percent from a year earlier to 276,600 after falling 11.3 percent in 2012 and 18.2 percent in 2011. During the height of the boom over 800,000 houses were exchanged in a year. In December alone sales fell 11.0 from a year earlier to a new monthly record low of 18,619.

The only respite the market has had since boom turned to bust was in 2010 when sales increased 4.8 percent, driven by the purchase of new homes before the introduction of a hike in value-added tax.
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Exclusive Villa for Sale in Benahavis, Costa del Sol

SpainHouses.netFebruary 14, 2014February 14, 2014Leave a comment

4 bedrooms, 4 bathrooms, Swimming-pool, Benahavis (Malaga)

Located in the much sought-after urbanisation of Monte Halcones, this stunning villa is only a short distance to the beach and all local amenities. South-facing and with stunning panoramic views over the coast, the property features 4 bedrooms, 4 bathrooms with underfloor heating, fully-fitted kitchen with top-of-the-range Bosch appliances, spacious and bright open-plan living/dining room with fireplace, hot/cold AC, gas central heating, a beautiful private pool and garden and alarm system. A magnificent property in Marbella's "Golden Triangle", this is the perfect place to enjoy a luxurious life on the Costa del Sol.

The price is 2,095,000 €.

Click on the following link to view more information about this property: spainhouses.net

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Pilgrims Hostel in Logroño La Rioja

SpainHouses.netFebruary 12, 2014February 21, 2014Leave a comment

Spanish architect Sergio Rojo has recently completed the extensive refurbishment of a building which began to deteriorate at the turn of the 20th century. Serving for many years as a vibrant cultural locus in Logroño (La Rioja), a city in northern Spain, this former theatre has seen its share of neglectful tenants, none of whom demonstrated a true appreciation for either its undeniable tectonic qualities or its promising transformative possibilities.

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Unfinished Development in Estepona Goes Up for Auction 2

SpainHouses.netFebruary 10, 2014February 10, 20142 Comments

It is now several years since the property bubble burst and it has taken several other sectors with it, resulting in situations that would have been unthinkable years ago. One of these is the Golf Hills Village development which is only 95 per cent completed, but which has now been put to auction. It is the first time in Spain that this has occurred with an unfinished development, but the situation is not as exceptional as it may seem. Since the year 2000 BNP Paribas Real Estate, which is handling the transaction, has carried out 148 auctions involving 11,800 properties and a figure of more than 500 million euros. The auction will have a reserve price of 7.3 million euros and those interested will have to make sealed bids for amounts higher than this in front of a notary. The bids will be opened on March 18th and the highest bidder will be able to take over the apartments and sell them on, or make whatever use of them they may wish.

The owner of the development is the Midamarta company, which is part of Caja Castilla la Mancha. This company began to acquire properties from the bank but they were transferred to the Fondo de Garantía de Depósitos de Entidades de Crédito (FGC) after the Bank of Spain intervened in the savings bank, towards the cost of the 1,300 million euros that had been used to save it.
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Beautiful Residential Complex for Sale in Benidorm, Alicante

SpainHouses.netFebruary 7, 2014February 7, 2014Leave a comment

9 bedrooms, 10 bathrooms, Swimming-pool, Seaside Resort, Brand New, Luxury property, Residential Zone, Benidorm (Alicante)

First class residential complex, made up of four luxury apartments built to the highest standard. Each apartment includes two bedrooms, each with en-suite bathroom, one separate toilet, fully fitted kitchen, double garage and store room.

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Spanish Architecture: B House by ch+qs arquitectos, Segovia

SpainHouses.netFebruary 5, 2014February 10, 2014Leave a comment

Location: Berrocal, Segovia, Spain

From the architect. This is a humanized landscape of meadows, walls, ash, streams, a small-scale landscape, minimal, almost domestic, and where absolutely everything has yellow accents. In spring poke all yellow flowers. In the summer, the cereal, harvest, and the Castilian heat are yellow.

Fall only comes here in yellow ash, millions of tiny leaves that die in a lingering and dry yellow. In winter, yellow insists in glowing flashes of yellow lichen on the gray trunks of ash trees. And here the machines are yellow, the signs are yellow, all is yellow.

We bought a meadow in this landscape 15 years ago, and after 12 years of yellow contemplation, we decided to build a house there, a refuge, a piece of landscape as a frame, a small inhabited threshold with two views, east and west.

To the west, a nearby view of rocks, moss, brambles and ancient ash. And to the east, the distant dawn over the yellow mountains. This double view and the body finished the design of the house.

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Balearics Property Market Grow Thanks to Foreign Buyers

SpainHouses.netFebruary 3, 2014Leave a comment

British expats, as well as German and Russian buyers, are helping Spain's property market out of the doldrums, with a lot of interest in luxury developments in Majorca.

Spain's property market is showing more green shoots of recovery, with the country's House Price Index reporting the smallest decline in prices since the end of 2010, according to the National Institute of Statistics.

House prices still fell overall - but Majorca bucks the trend, reporting property price rises of 4.8 per cent in the third quarter of last year, compared with the same period of 2012, according to the Spanish development ministry.

Three other regions reported prices rises in the House Price Index - Navarra, with growth of 2.8 per cent, Extremadura, up 2.2 per cent and Madrid, up 0.3 per cent. However, these figures fall far short of Majorca's growth, which estate agents say is boosted by foreign buyers, particularly those with a substantial sum to spend.
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