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Two-thirds of Spanish population are flat-dwellers

SpainHouses.netFebruary 8, 2016Leave a comment

Spain has the highest proportion of flat-dwellers in Europe and the lowest percentage of people living in houses, according to a report by Eurostat.

The latest figures on European housing reveal that two out of three Spaniards live in a flat, while in countries such as Britain, Croatia and Norway, more than 80 percent of people live in houses.

Flats are also a popular form of accommodation in Latvia - where 65 percent of the population live in a flat - Lithuania (58 percent) and Greece (57 percent).

But unlike their flat-dwelling European cousins, most Spaniards own their own homes - 80 percent own while only 20 percent rent. They just prefer those homes to be flats and not houses.

Six out of ten Europeans live in houses, so why do Spaniards prefer flats? One answer is that Spain is a heavily urbanized society.
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Residential property sales up for 18th month in a row in Spain

SpainHouses.netFebruary 1, 2016April 2, 2020Leave a comment

Residential property sales in Spain are continuing to rise with the latest data showing that the number of transaction recorded by notaires increased by 7.3% compared with the same month in 2014.

It marks some 18 months of continuous growth, the figures from the General Council of Notaires shows with its analysis report saying that the recovery in the housing market is being maintained.

A breakdown of the data shows that apartment sales increased by 6.2% year on year, more than double the increase recorded in October 2015. This was due to sales of free price apartments rising 8.3% and also sales of second hand apartments rising by 12.2%.

Sales of individual family homes also saw strong growth, up 11.4%, recording nine months in a row of double digit increased. However, sales of new housing fell for a tenth month in a row, down in November by 18.6%.
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On the Market: 10 Homes for up to €100,000 in Almeria, Spain

SpainHouses.netJanuary 11, 2016January 11, 2016Leave a comment

1. Apartment for sale in Roquetas de Mar (Almería): 2 bedrooms, 2 bathrooms, Built area 83m2, Swimming-pool, 2nd Row from the Sea, Second Hand, In Urban Area

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The necessity to start building new housing developments on the Costa del Sol

SpainHouses.netJanuary 4, 2016January 4, 2016Leave a comment

Experts are warning that construction needs to start again in certain towns in Malaga province, especially Marbella, where the stock of new housing for second homes is now down to a minimum level.

The professionals also say that in other places, such as Malaga city, Benalmádena and Torremolinos, it will be necessary to start building properties again within the next two years, before the stock there runs out.

These are just some of the conclusions in the Tinsa valuation company’s latest report on housing in Spanish coastal areas in 2015, which has just been issued.

The harshest years of the crisis left behind them large pockets of housing in many coastal regions of Spain and these were difficult to sell in such a slow market. In some areas, though, the situation is now very different. In Malaga province, for example, the Tinsa report points out that Marbella and Benahavís are exceptional because they are now in a situation of ‘recovery’.
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8 Outstanding Holiday Rental Homes in Spain

SpainHouses.netDecember 28, 2015December 28, 2015Leave a comment

1. Holiday rental detached villa in Benalmádena Costa (Málaga): 5 bedrooms, 3 bathrooms, Built area 420m2, terrace 50m2, Swimming-pool, In Urban Area, €1,250/week

More details
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Marbella is to get a new luxury hotel complex on the beach

SpainHouses.netDecember 21, 2015December 21, 2015Leave a comment

Marbella is to get a new luxury hotel complex right on the beach.

The Platinum Estates group, an investment fund based in Hong Kong, has just acquired 170,000 square metres of land on the coastal strip of Las Chapas which is situated right next to an area of sand dunes which is one of the most important natural spaces in the town.

The land purchase, which includes 600 metres of beach frontage, cost 50 millon euros and the investment fund has budgeted a further 150 million euros into the hotel project.
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Spanish Property Market Recovery Set to Continue in 2016

SpainHouses.netDecember 14, 2015December 14, 2015Leave a comment

Looking ahead to 2016 it looks as if the Spanish house market will continue to recover but the latest data shows it is still a rollercoaster and growth very much depends on location.

According to the latest figures from appraisal company Tinsa prices are still increasing with its latest index up by 1.9% in November year on year.

However, the increase is somewhat exaggerated by an unusual fall in prices last year and on a monthly basis prices were down a fraction compared to September.

The Tinsa index shows, however, that the recovery is broad based as house prices rose in all the areas covered. Prices in Barcelona and Madrid were up by 3%, coastal areas popular with overseas buyers saw price growth of 1.4% and the Balearic and Canary Islands 0.2%.

But the recovery still has some way to go as since the peak of the market house prices are still down 41.3% in general, and 48.2% on the coast.

The Balearic Island saw price growth of 0.9% followed by the Canary Islands up 0.5%, Andalucía up 0.3%, Navarra and Castilla-La Mancha both up 0.1%.
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Court rulings in Spain create more uncertainty over illegal homes

SpainHouses.netDecember 7, 2015April 2, 2020Leave a comment

Three rulings by Spain's Supreme Court have left the owners of more than 16,500 homes built in Marbella since 1986 in legal limbo by declaring planning regulations void.
In a series of decisions, the country's highest court has declared null and void Marbella's urban planning regulations that were passed in 2010 and which legalised thousands of homes constructed since the previous town plans, dating back to 1986, were approved.

In response to appeals against previous Supreme Court of Andalusia rulings, the rulings all arrived at the same conclusions, namely that the Town Council does not have power to retroactively declare legal properties that have been built illegally as that rests with the courts, nor to alter land classifications, nor legal liabilities.
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