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The House of the Week: Basement flat for sale in Ses Salines (Baleares)

The house we have chosen this week fulfills our requirements for a good house: light, open spaces and good views. Colonia Sant Jordi, in Balearics, is a haven from the hectic Balearics night life. It would feel like a dream living here.

Colonia Sant Jordi

3 bedrooms, 2 bathrooms, Built area 147 m2, Resale

The homes of Es Moll des Trenc have been designed by and for you. With an innovative design, they have been made with top-quality materials: Macael white marble floors, installation of air-conditioning by a conduit system, bathrooms tiled in white marble, aluminium carpentry and double glazing with chamber, Mallorcan blinds in aluminium in the bedrooms, interior doors and cupboards lacquered in white, furnished and fully-equipped kitchen.

56785 812375 foto 1 - Ses Salines Tastes to Mojitos at Noon and Terrace Dinner

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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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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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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).