Spain Real Estate News

What's really happening in the real estate world in Spain? The EOS Team are going to be keeping you up to date with everything that's happening from a market perspective.

At last, realistic Spanish property trends
Friday, February 20, 2009 @ 12:00 PM

At last, we have access to a set of numbers about the Spanish property market which are worth taking seriously.

Regular readers will know that the Spanish Ministry of Housing figures are laughable - not just because they still show property values increasing - but because their average house prices are calculated using mortgage valuations.

Last year, the National Institute of Statistics stepped-in with their own house price index - only to find that their figures also showed property prices in Spain increasing. Their figures are based on the actual notarised values of property transactions - which are heavily skewed by the amount of cash that changes hands 'under the table'.

Read the rest of the article at Kyero.com >>

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2 Comments

rob in madrid said:
Friday, February 20, 2009 @ 1:19 PM

Here in Madrid developers and sellers are still in denial, there have been some price reductions but nothing compared to the coast. Mainly what is happening is people are refusing to lower the asking price and are not accepting low ball offers, instead the are choosing to become landlords. 6 months to a years deposit and you can rent my place. The term I believe is accidental landlords.

lucia sanchez said:
Tuesday, March 10, 2009 @ 9:05 AM

For the needs of a documentary an experienced director is looking for testimonies of golfers that have bought a secondary home in Spain and that have encountered problems with their property.
The film explores, with an ironic and original tone, behind the scenes of the real-estate boom on the Mediterranean coast. If you would like to share with us any anecdotes, experiences, or images, please contact us at this address: lucia.sanchez@wanadoo.fr
Thanks.

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