Interior renovation of a house in Platja d'Aro, Girona, by 05 AM arquitectura.

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Spain Real Estate News
Interior renovation of a house in Platja d'Aro, Girona, by 05 AM arquitectura.

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According to a study by mortgage company Credit Foncier based on European Union statistics, while 65% of people are home owners in Britain, 73% are in Italy, 79% in Spain and 84% in Poland,
with France having the same number as the UK and Germany having less at just 54%.
The study is based on eight European countries that make up 75% of Europe’s population and also shows that Dutch people spend more of their income on property at 29.4% while British people spend 25.1%, the French 18.2% and Italians 17.1%.
But the Dutch pay less for their homes as prices fell between 2006 and 2015 while they increased by just 2% over this period in France. But buyers in the UK have seen prices rise by 30% over the same period while prices in Germany increased by 30%.
However, in France buyers get more for their money. On average homes are 102 metres squared in France compared to 85 in Poland and just 76 in the UK which has overall the smallest homes in Europe in terms of floor space. The biggest homes are in the Netherlands at 119 square meters and Portugal at 112.
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Centre Pompidou Málaga by architects Javier Pérez de la Fuente and Juan Antonio Marín Malavé.

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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.
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Complete apartment renovation in Puerto de Alcúdia, Mallorca, designed by Minimal Studio.

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Brexit is bad news for the recovering Spanish property market with a real estate conference in Marbella hearing that it is already having an impact with a fall in British buyers.
Interest from British buyers in locations like the Costa del Sol where they have been the biggest group of foreign buyers for many years, began dwindling in the run up to the European Union referendum in June and since.
Property expert Mark Stucklin told the conference, organised by Spanish appraisal company Tinsa, that British buyers made up 36% of foreign market in the Malaga province last year, more than double the next biggest group from Sweden and 50% of the top six markets combined.
He believes that when reliable figures are made available they will show a big decline in British purchases, perhaps 50% or more in the six months after Brexit. Stucklin said that he also spoke to other property industry professionals at the conference, including lawyers and estate agents and most of them said that Brexit is having a significant negative impact on their business.
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Valdivieso Arquitectos transformed the site of a former water cistern in Alpedrete, Madrid province, into a sculptural masterpiece of a single-family home.

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