Spanish housing market

The limits on rental priceson renting could have the effect of reducing supply

Spanish economy 7th October 2021

The Government Includes Rental Limits In New Housing Law: Large Owners To Cut Prices In “Stressed Areas”

The Spanish government has unblocked the approval of the 2022 Budget through an agreement between the two coalition parties, PSOE and Podemos, on a new Housing Law that would intervene in rental prices. Although the formulation of the text that will be sent to Parliament is not yet known, among its main points will be the obligation for large owners – companies with more than 10 homes – to reduce rental prices in those areas defined as stressed on the basis of the reference price index of the Ministry of Transport. For their part, small holders will have to maintain prices, although they will be eligible for income tax benefits of up to 90% of the reductions they decide to make. the enforcement of these measures will depend on the autonomous communities and municipalities.

Spanish economy 27th April 2021

The Spanish Government Will Invest €1 Bn In Social Rental Housing

Intermoney | The Government of Pedro Sánchez plans to invest €1,000 million euros from the European funds against the pandemic in the promotion of social rental housing. Specifically, they will use this amount to complete a portfolio of 20,000 social housing units, coordinated by the Ministry of Transport, Mobility and the Urban Agenda.

Spanish economy 6th July 2018

Mortgage Credit in Spain Continues To Fall: What Can Be Done?

Raimundo Poveda | Spanish banks must find somewhere to invest. Their retail credit, for now with a low level bad debts, has been growing at an accelerated rhythm for the last couple of years. But that is where the good news ends. Credit for house purchases, by far the most important component in household credit, and in all private sector credit, continues to fall (2.5% in 2017).

Spanish economy 29th August 2017

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.

Uncategorised 24th July 2017

Can The Solid Recovery Of Spanish Property Market Be Sustainable?

J.L.M. Campuzano (Spanish Banking Association) | The current strong recovery of Spanish housing market has re-opened the debate about its sustainability. Some figures could support it is. According to last Bank of Spain’s data, the net wealth of the Spanish families is rising at 6.9% on a y-o-y basis. It currently exceeds 119.4 % of GDP. As regards to housing wealth, it now means 420% of GDP. Also a better financial position of families with a debt level at 63.4 % of GDP very near the European average.

Spanish economy 5th August 2016

Spain home sales up 19.4% yoy in June

Housing sales in Spain increased by 19.4% year-on-year in June to 36,856 units, the largest figure since January 2013.

Spanish economy 6th August 2015

Spain home sales up 17% yoy in June

Spain’s housing sales continue to recover in June, with 30,578 new transactions and 17.0% YoY growth.

In Europe 12th June 2014

Why are UK home prices rising? Check the sector’s lack of capacity

MADRID | By Julia Pastor | The evolution of the UK’s real estate market is one of the major risks assessed by the BoE in recent months. In fact, the demand has gained great traction since 2013, backed by better credit lending conditions, the increase of confidence and the oficial program Help to Buy.

Spanish economy 19th December 2013

Some sort of green shoots grow in the Spanish housing market

MADRID | By Carlos Díaz Güell | Despite the Spanish residencial housing market weakness, main offer and demand variables are seemingly beginning to stabilize, pointing that real state starts and sales will reach a minimum level in 2013.

Spanish economy 24th June 2013

Foreign investors return to Spanish housing market at 2008 levels

MADRID | By Julia Pastor | The number of foreigners who bought a house in Spain grew by 17% in 2012 reaching to 2008’s levels. For instance, 45% of houses in the eastern coast province of Alicante were acquired by outside investors.