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Barcelona housing

In Spain 15th January 2025

New Government Housing Plan, with tax penalty for purchases by non-EU citizens

The Government is considering a special tax or a surcharge on the Transfer Tax to limit the acquisition of houses in Spain by non-resident non-EU foreigners, who mainly buy along the coast. Non-resident foreigners purchase 55,000 houses per year, compared to the 90,000 that are built. This is one of the most innovative measures of the housing plan that the President of the Government, Pedro Sánchez, announced on Monday in…

vivienda españa

Spanish economy 27th December 2024

Mortgage lending accelerates in Spain: mortgages taken out grow 60.8% year-on-year in October

BancaMarch | Mortgage lending is accelerating in Spain. According to figures from the National Statistics Institute (INE), October was a historic month with a strong increase in mortgage activity. In October the number of mortgages taken out on homes grew by no less than 60.8% year-on-year (51,535 mortgages), making it the month with the highest number of mortgages granted since September 2010. The average amount of these operations stood at…

vivienda

In Spain 19th November 2024

Housing transactions in Spain grow 41.5% in September (year on year), highest single-month figure since 2007

Bankinter : Housing transactions grew 41.5% in September (year-on-year) to 61,887 units versus 0.9% previously. This represents an accumulated increase of 3% so far this year (against a 5% estimated drop in 2024). Opinion of Bankinter’s analysis team: Good news. Transactions grew strongly in September, supported by the interest rate cuts, and reached the highest number of transactions in a month since 2007. A further sign of the strength of…

vivienda venta eeuu

World economy 25th April 2024

Housing sector still a headache for Fed: new home sales rebound

Intermoney | New home sales rebounded in March to 693,000, well above the 668,000 expected, but coming on the back of a downward revision of February sales by -25,000 (662,000). The point is that an acceleration was seen in quarterly terms with a March average of 667,000. For the moment, the housing sector looks set to remain a headache for the Federal Reserve. It is true that the supply of…

Spain real estate

In Spain 22nd January 2024

Home sales in Spain fall by 15.1% in November, 9.3% for year as a whole

Alphavalue / Divancons| Home sales and purchases recorded a 15.1% drop last November compared to the same period last year, to a total of 46,888 transactions, their lowest figure for this month since 2020, against a backdrop of higher interest rates. These figures put the annual cumulative fall in transactions up to November at 9.3%. By type, 19% of the dwellings transferred by sale and purchase were new and 81%…

Spain property

Spanish economy 2nd December 2021

Mortgage Signings In Spain Soar In September And Hit Decade Highs With 42,547 Loans For Home Purchases

Alphavalue | The average price of used housing in Spain rose by +0.8% month-on-month in November to 1,831 euros/m2, according to Idealista’s latest real estate price index. In the major capitals, the price increased by +0.3% in Barcelona and fell by the same amount in Madrid (-0.3%) compared to the previous month. If we look at the year-on-year figure, the national average price has increased by +3.5%: housing in the…

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In Europe 17th April 2012

France, Spain rule the British dream property buy portfolio

LONDON | Ambitious property buyers hoping to pick up a European bargain despite economic turbulence pose a challenge to forecasts of a never-bottoming peripheral real estate market. The ongoing sovereign debt crisis is doing little to deter home buyers as Spain and France remain the firm favorites for those seeking to buy a place in the sun, currency specialists HiFX said on Tuesday. Its Property Hotspots Report crowned France and Spain as the top…