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1. Duplex for sale in Santa Eulalia del Río, Ibiza (Balearic Islands)
2 bedrooms, 1 bathroom, Built area 70m2, Swimming-pool, 500m away from the Beach, Second Hand, In Urban Area, Air conditioning, Fully furnished

Duplex in Santa Eulalia del Río - 5 Property Bargains Along the Mediterranean Coast

Price: 145,000 €
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...continue reading "5 Property Bargains Along the Mediterranean Coast"

After seven years of stagnation the property market in Spain is experiencing an uptick in sales and prices have reached bottom.

With the Spanish economy improving, unemployment falling, tax revenue growing and a more stable banking system, lending figures are on the rise.

Puerto Banús Marbella 300x225 - Property market in Spain is experiencing an uptick in salesThe typical mortgage lending rate dropped from 4.21% to 3.29% over the course of 2014 and this has fed through to buyer confidence. Andalucía and the Canary Islands have seen some of the strongest surges in mortgage lending, up 25% and 26% respectively month on month, compared to the national average of 14.2%.

This renewed confidence and interest in Spanish real estate is most evident in Madrid and Barcelona where capital flows into both cities’ commercial markets topped €2.7 billion in 2014.

The return of large US investment funds has been notable but not just in Spain’s main cities. Marbella, a popular area with overseas buyers is building on a property market recovery that began in 2013 despite Spanish buyers failing to return in any significant number in 2014 and the Ukraine crisis impacting on the number of Russian buyers.
...continue reading "Property market in Spain is experiencing an uptick in sales"

The Spanish residential property market is showing further signs of recovery with the latest national figures showing that completed sales in February were higher than 2014 Spanish HOme 300x225 - More signs of recovery in Spanish property marketand 2012.

But the data from the National Institute of Statistics also shows that sales were lower than 2013. However this was when tax breaks for buyers inflated registered sales.

Year on year, the market has increased 14% as a whole, but by 53% in the resale market, a substantial increase by any standards. But sales of new builds are not doing well, down 30% compared to the same month last year.

There is also considerable regional variation. For example, the growth in homes sales in coastal areas that attract foreign buyers has been generally above the national average, as foreign demand is boosting sales in most of those areas.
...continue reading "More signs of recovery in Spanish property market"

The timid recovery of the Spanish real estate market has started to become noticeable in property prices.

1786826 300x225 - Seven Spanish regions ended 2014 with higher prices than in 2013Free-market house prices experienced their first quarterly increase in late 2014, according to figures released by the Public Works Ministry. There had not been an uptick in the market since early 2008.

Prices rose 0.5% in Spain as a whole thanks primarily to a surge in demand for existing homes, which now represent nearly two thirds of sales.

The value of existing homes grew 0.2% from the previous quarter, while the price of new homes retreated 0.1%.

The average price of free-market housing in the last quarter of 2014 was €1,463.10 a square meter.
...continue reading "Seven Spanish regions ended 2014 with higher prices than in 2013"

The weakened Russian ruble has led to a decrease in the number of Russian buyers of Spanish property.

Villa for sale in Marbella 300x200 - Russians turning away from Spanish propertyFalling oil prices, the decline in the currency and international sanctions against Russia over the crisis in the Ukraine, have led to Russian buyers turning their backs on Spain.

Ramón Riera, president of FIABCI - a group of 120 property specialists - told to Business Insider that Russians are not buying right now and that they are even getting rid of their Spanish properties.

In 2014, the ruble lost 40 per cent of its value against the euro and the Russian government forecasts that its economy will shrink by 3 per cent ...continue reading "Russians turning away from Spanish property"