theSpanishBrick.com

The New Year brings a good panorama for property buyers and investors who are keeping an eye on the distressed market. Better prices; higher stock; promising margins to negotiate; stronger rental market; the will of authorities to deliver security to foreign investors; are, in short, some of the key points for investors and homebuyers in Spain in 2011 – and maybe in 2012 as well.

The full article: Spanish property 2011 and 2012

Relocating professionals is a sensible task that needs to be considered as crucial to the success of a business development strategy abroad. In Spain, there are a few companies that provide relocation services to British companies. We have contacted one of the most reputable and serious-in-business Mum and Dad, to get some thoughts about...

www.thespanishbrick.com

According to the Banks’ Financial Products Agency (Agencia Negociadora de Productos Financieros), during 2010, Spanish banks have already taken over a total of 118,000 properties from debtors.

The director of the Agency, Luis Javaloyes, commented that 30% of these repossessions could have been avoided if the banks had refinanced the mortgage.

Financial companies are standing up
Mr Javaloyes underlines the role that financial brokers have developed in 2010. Thanks to their service, thousands of home owners have been able to keep their properties because of financial services, as an alternative to the direct negotiation with the traditional bank.

Read full article about repossessions and  Property in Spain 2011

Today is the presentation of a new book on property in Spain. Borja Mateo is the author and the title is “La Verdad Sobre El Mercado Inmobiliario Español” –The truth about the Spanish property market.

The book is somehow controversial since the author discourages buyers to buy now (it is better to wait a couple of years because the prices will improve) and also he underlines that Developers, Government and Banks created the credit crunch in Spain.

Read the article

The following link takes you to a very useful map of home prices with average figures per square metre in each region and each postcode.The data corresponds to November 2010.

This is the link: Property in Spain

If you click on a region of the map a window will be open with residential prices per city and postcodes. The source of the data are the Ministry of Housing and the firm Tasamadrid. The link takes you to the daily newspaper El Mundo.

It is very simple to use and you do not need to know Spanish the language.. Just move the pointer around the map. Nueva means "new built" whereas Usada means "Second hand" property -and that is it.

Enjoy and if you have any question please ask... I will try to sort it out.