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Published on Leave a comment on Balearics Keeps Property Prices Up

The cost of buying property in the Canaries fell by 9.8 per cent while Balearic Islands prices grow up

islas baleares ibiza 300x203 - Balearics Keeps Property Prices UpAccording to recent data, demand for Real Estate in Spain's Balearic Islands is growing strong. Many people who choose to buy a property in Spain's Balearic Islands do so because of the aspirational nature of the archipelago.

Despite the Balearic Islands' appeal to overseas buyers, the value of homes in the archipelago - and on the Canary Islands - has fallen during the economic crisis that has hit Spain and other European nations.

The most recent figures published by Tinsa revealed the cost of buying a property in either the Canaries or Balearics fell by 9.8 per cent between March 2012 and the same month a year earlier. However, this is still below the average national decline of 11.5 per cent during the same period. 

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Published on 1 Comment on Mouth Dropping Views in Cala Bassa

The House of the Week: Detached house for sale in Sant Josep de sa Talaia (Baleares)

The best houses to buy are those with open spaces and astonishing views. Let us introduce you this fantastic property with mouth dropping views.

Cala Bassa

Very charming house in perfect condition, located in a beautiful area very close to the beaches of Cala Bassa Cala Conta, and 10 minutes to San Jose and to San Antonio, nice seaviews and sunsetview, Mainhouse: 2 bedrooms with 2 bathrooms en suite, spacy livingroom-diningroom with fireplace, totally equipped kitchen.

Individual apartment of ca. 30 m2 1 living-bedroom, equipped kitchen, bathroom, private terrace, spacy veranda, roofterrace, big pool terrace with pool house to chill out with sittingarea, nice well maintained botanical garden, the whole plot of 1200 m2 is fenced with walls, cellar with laundry and a safty.

sant josep - Mouth Dropping Views in Cala Bassa

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Published on Leave a comment on Spain Mortgages Biggest Drop Since 2004

Home mortgages fell 47.1 per cent, 22 consecutive months of decline 

Spanish Mortgages 300x199 - Spain Mortgages Biggest Drop Since 2004The number of home mortgages fell 47.1 per cent in February over the same month last year. This is the biggest drop since the statistics published in 2004. With 26,415 credit arrangements, this indicator marks 22 consecutive months of decline year-on-year, according to data released on Tuesday from the National Statistics Institute.

The drop in the number of mortgages granted on residential property was 9.4 per cent compared to January. The average loan amount was 104,868 euros, which is 14.6 per cent less than a year ago and 2.2 per cent less than the previous month. Cancellation of mortgages fell by 16.6 per cent.

The decline in mortgages registered on a property (total loans including rural properties, urban farms and houses) was 42.4 per cent, and the average loan amount came to 112,179, which is 12.5 per cent less than the year before. Changes in mortgage registrations reached 32,588, an increase of 4.8 per cent.

Changes on Interest Rates

24.9 of mortgages changed their interest rates. The percentage of fixed-rate loans fell after the change in conditions (from 9.3 per cent to 4.1 per cent of the total) since most of these loans were referenced to a variable interest rate.

All communities in February showed negative year-on-year variations in the constitution of mortgages, especially La Rioja (-70.8 per cent). Basque Country registered the highest average amount mortgaged, with 169,482 euros, followed by Madrid (153,671 euros). 

Published on Leave a comment on Small Town of Pliego, Murcia. A quite Sunny Place to Live In

Cañadas Park will enhance the urban districts of Pliego, one of the best places of the seventh largest province in Spain, Murcia, to live in.

pliego 300x225 - Small Town of Pliego, Murcia. A quite Sunny Place to Live InMurcia is the seventh largest province in Spain. In recent years, there has been a great development on Architecture, mostly orientated towards the construction of parks and open spaces. This architectural project we are presenting you today is called Cañadas Park.

The project started with ideas competition developed by Pliego City Council in collaboration with the Ministries of Public Works and Planning and the Ministry of Presidency and Public Administration of the Region of Murcia.

The small town of Pliego is in the northwest of the province of Murcia, 42 kilometers away from the city of Murcia. The village of Pliego has an urban design characteristic of Islamic rural farmhouses. As a result we have an urban sinuous and disorganized, whose logic is based on its own orographic.

The area is in the highest part of Pliego, between the urban districts of the village and the Sierra Espuña National Park. This project tries to link the new growth areas with the Sierra Espuña National Park.

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