A glut of new properties in Spain shows that the real estate industry is unlikely to recover quickly as over supply still clogs the market. The most recent figures from The Ministry of Development show that 387,000 new homes were finished last year despite a property market crash already into its second year. This compared with 220,600 new home sales recorded by the National Institute of Statistics for 2009. ‘This  [ Read More ]

New mortgage lending in Spain is still very depressed, according to the latest numbers from the National Institute of Statistics (INE). According to the latest figures, for December and therefore the whole of 2009, new mortgage lending fell again last year, by 22% in volume terms (to 653,173), and by 34% in value terms (to 76.8 billion Euros), as illustrated in the chart above. These are the lowest levels in  [ Read More ]

The past few years have marked a real estate boom in Benidorm, Spain. Europeans from all parts of the continent have been flocking to Benidorm to buy property for their own uses or to rent out tourists as a wise investment. Benidorm Property is hot so you should seriously consider cashing in on this great investment. Read on if you want the best tips on buying property in Benidorm Spain.  [ Read More ]

Evidence of the property market in Spain beginning to stabilize can be seen by slight house price increases in the south-eastern city of Murcia, it has been claimed. House prices in the region have risen by 0.24 per cent during January, making it one of a select few areas to note housing market augmentation. Other areas to record growth include Valencia with 0.11 per cent, Cantabria at 0.09 per cent  [ Read More ]