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Published on Leave a comment on The Streak Is Over: Home Sales and Mortgages in Spain Fall in July
NP002 1 Housing Sales in Spain - The Streak Is Over: Home Sales and Mortgages in Spain Fall in July

The INE (National Statistics Institute) reports 61,417 property sales (-5.1%) and 43,372 mortgages (-3.5%) for July, while the Euribor has now risen for three consecutive months, reaching 3.223%.

Three weeks ago, we discussed how June had been the best month for buying a home since 2007. This week, the INE confirmed that July broke that streak on two fronts: both property sales (-5.1%) and mortgages (-3.5%) declined. The summer picture is no longer defined solely by record highs; a slowdown is also underway, affecting both sides of the transaction.

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Published on Leave a comment on Housing in Flood Zones: Technical Architects Want to Include this Situation in a Report
Housing in Flood Zones Technical Architects Want to Include this Situation in a Report - Housing in Flood Zones: Technical Architects Want to Include this Situation in a Report

The tragic floods in Valencia have brought to light a fact that is not anecdotal: the risk involved in housing in flood zones. Although what happened in Valencia was an extraordinary event, the permissiveness of urban planning in past decades has led to thousands of buildings being built in areas at risk of flooding.

It is important to point out that this reality is not unique to Spain. Here, the 2015 reform of the Land Law attempted to set certain limitations by establishing that flood zones must be classified as non-developable land. Only if the necessary measures are adopted to prevent the risk of flooding could they be classified as developable. But what happens to housing in flood zones that have already been built?

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