house prices

Spanish economy 12th April 2024

House purchases in Spain up 10% in February, square metre rises 3.5% to €1,649

According to figures released yesterday by the General Council of Notaries, the number of home sales and purchases in Spain rose by 10.3% year-on-year in February, to 53,142 units. The average price per square metre of homes sold stood at €1,649 m2, representing a year-on-year increase of 3.5%. By type of housing, sales of flats rose by 12% year-on-year in February to 41,474 units, while sales of single-family homes increased…

In Spain 7th December 2023

Spanish house prices rise 4.5% in 3Q2023 supported by strong labour market

Bankinter: House prices rise +4.5% in 3Q2023 (year-on-year). The Housing Price Index, compiled by the INE, points to a price increase of +4.5% in 3Q 2023 (year-on-year), even accelerating from +3.6% previously. In quarter-on-quarter terms +2.5% versus +2.1% previously. Second Hand Housing rises +2.2% year-on-year, while New Housing +4.1% year-on-year. Analysis: House prices surprise positively and will probably exceed our forecast of +1% by 2023. They are supported by a…

Spanish economy 21st February 2023

2022 closes with 650,000 home sales in Spain, up 15% on 2021

Bankinter | Housing Transactions fell -10% in December (year-on-year) vs +11% in the previous two months. This is the first fall since February 2021. Thus, 2022 closed with 650k transactions (+15% vs 2021). On the other hand, according to the Land Registry, Housing Prices fell -0.4% on average in Spain in 4Q 2022 (q/q) vs +0.1% previously. Those of used housing fell by -1.1%, while those of new housing still…

Markets 25th June 2012

BNP Paribas expects Spanish house prices lower than in audits’ base scenario

can you refinance mortgage with bad credit A drop of merely 10 percent in house prices between 2012 and 2014? BNP Paribas believes trends in Ireland and the US make the case for further value losses in Spain. Independent auditors of the Spanish banking sector Oliver Wyman and Roland Berger described their base scenario for the country's housing market in line with the International Monetary Fund's forecasts, and pointed at…

Spanish economy 21st June 2012

Anybody interested in Spanish coast bargains at 70% reduced prices?

By Álvaro Mohorte, in Valencia | www.valenciaplaza.com | Spanish banks have had enough of bricks and mortar, and urgently need to sell properties. Up until now, prices of many of the properties coming from developers as well as individuals have been kept over the market’s in order to protect the entitities’ balances, but requirements of further provisions have forced a strategy change. The goal is to get rid of thousands of flats, apartments…

In Europe 31st May 2012

UK house prices are going… up

LONDON | This is what happens when the size of your construction sector remains under the 10 percent per GDP level, and the cost of credit for the State and the country’s banking sector is mild enough as to allow a slow deleverage process. The Nationwide house price index reported Thursday that UK house prices edge up by 0.3% in May. Over the last eighteen months, house prices have been remarkably stable…