The real estate market in Spain has experienced an increase in sales during the first half of the year, with a year-on-year growth rate of 9.6%, according to the National Institute of Statistics (INE). However, the negative evolution of the economy makes us wonder if it is a convenient time to buy a house or if it is better to wait for the situation to calm down....continue reading "Shortages in Supply, Inflation and Rising Interest Rates. Is It a Good Time to Buy a House?"
Tag: Housing Prices
Signals that Mean You Are Going to Pay Too Much for a House and Some Tips to Avoid It
The excitement of buying a home can lead to making some mistakes. Keeping emotions aside and not being swayed by first impressions is key to avoiding paying too much....continue reading "Signals that Mean You Are Going to Pay Too Much for a House and Some Tips to Avoid It"
Is an EU Interest Rate Hike on the Horizon?
The economic situation points to a rise in interest rates. Europe has largely recovered the GDP lost due to the pandemic; however, inflation has skyrocketed. In February, the CPI -Consumer Price Index- in Spain experienced an upward variation concerning the previous twelve months of more than 7%, a figure that wasn't that high for decades.
For its part, the US Federal Reserve already predicted a rise in interest rates at the beginning of the year, and the president of the ECB recently left the door open to it. The international outlook added to the rise in electricity, gas and fuel pricing could be the final push that leads to the decision....continue reading "Is an EU Interest Rate Hike on the Horizon?"
Spanish property prices keep growing
The price of Spanish housing is growing at a much faster rate than the euro zone average, exceeding it for seven consecutive quarters. The latest data shows that the second quarter of 2016 witnessed a 3.8 per cent increase, lower than Jan-Mar figures but still higher than the euro zone average of 2.9 per cent.
Both Spain and Ireland have seen strong increases in recent years, largely due to making up lost ground as they continue to rebound from the brink of disaster.
France and Italy have fared far worse, while Germany has also performed well.
The news comes as a Spanish real estate revealed its half year report showing that major cities and coastal hotspots are behind much of Spain’s recent price growth.
...continue reading "Spanish property prices keep growing"
Foreing buyers returning to the Spanish housing market
Buyers from abroad are returning to the Spanish housing market, attracted by economic growth that’s beating most of Europe and signs that prices are bottoming out after years of declines. Britons are the biggest investors as near-zero interest on U.K. savings accounts and rising residential prices make it less attractive to keep money at home.
Non-Spaniards spent 6.05 billion euros on Spanish property in the first nine months of last year, up 30 percent from the same period in 2013, according to data from the country’s Ministry of Public Works. The 40,338 dwellings purchased represent a 27 percent increase from the same period a year earlier, led by Comunidad Valenciana, Andalucía and Cataluña, the data showed.
Foreign and domestic homebuying in Spain evaporated when the economy collapsed during the financial crisis, leading to an international ...continue reading "Foreing buyers returning to the Spanish housing market"