Spain Property Sector: Prices Go Up, Sales Increase, Mortgages Rise
The new upward cycle in the property sector seems to be consolidating. Positive proof of that is the fact that housing prices have been increasing for the last two years.
real estate sector
The First Flat To Be Sold In Bitcoins In Spain
We have read that in Tarragona, a province in Catalonia, a flat has been sold for 40000 bitcoins, because that’s what the owner wanted.
The Awakening Of The Portuguese Real Estate Market
Since Portugal emerged from the crisis in 2014, its real estate sector has undergone a remarkable recovery. Caixabank Research points that the evolution of house prices, after a fall of 16.3% in nominal terms between 2007-13, have risen by an average of 5.3% per year and are now back at pre-crisis levels.
Is there a property bubble in the big city centres in Spain?
Ratings agency Fitch has warned that a property bubble is evident in the centres of Spain’s large cities. But it makes it clear that it does not anticipate any generalised bubble in housing prices in the country in the short-term. This is due to the high level of stock which still has to be absorbed and the restrictions on buying a home.
Spanish Banks And Real Estate: A Key Part Of The Story
In Spain banks stocks, particularly Santander, play an unusually important role in driving the index Ibex35.To understand the prospects for the Spanish banks (and ipso facto, the overall index), it is crucial to have a handle on the health of the domestic real estate market,” confirms Goldman Sacha experts.
Housing prices in Spain have grown 16% since end-2014
Housing prices have grown 16% since end-2014, according to the Bank of Spain. This is after a decline of 37% in nominal terms (45% in real terms) since their peak at end-2007.
China Revives Plans for Real Estate Investment Trusts, Report Says
Fran Wang via Caixin | China’s drive to boost the housing rental market is spurring the revival of plans to let companies offer real estate investment trusts (REITs) to the public.
A New Property ‘Giant’ Is Born: The First To Specialise In Rentals In Spain
Testa Residencial, the socimi in which Santander, BBVA and Merlin have stakes, will today approve its merger with Acciona’s property rentals business. The operation will create a new property ‘giant’, unheard of up to now in Spain, given that it will be the first company dedicated to the home letting business.
Top Picks In The Spanish Real Estate Market: Merlin Properties Leads The Pack
Spain’s property sector continues generating good news: housing purchases over the last two years have been rising at double digit rates, prices increasing ten months in a row around 4%. Real estate companies as well as Socimis underlie behind this positive trend. Merlin Properties is a top pick in the real estate sector. It has a portfolio of top quality, diversified assets.
Impact of Brexit on Spain’s housing sector recovery
CaixaBank Research | Spain’s property sector is on the up and up again, as can be seen from the trend in housing purchases over the last two years. These have been rising at double digit rates, fuelled by a recovery in the jobs market combined with favourable financial conditions.