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Rise in Spanish property transactions with strong foreign demand in Q1

Rise in Spanish property transactions with strong foreign demand in Q1

The Spanish property market has seen positive results across the board during the first quarter of 2017, according to statistics released in the latest report by the Spanish Land Registrars Association.Aided by strong local and international demand and greater access to funding from Spanish lending institutions, the property market has seen an annual price rise of 7.74% (the highest since 2007) and a rise in transactions, with a total of ... [Read More]

Spanish property sales reach pre-crisis levels in first quarter of 2017

Spanish property sales reach pre-crisis levels in first quarter of 2017

The Spanish property market continues to gain momentum as new government statistics show sales figures rose by nearly 30 per cent in March.A total of 40,461 homes were sold in March, the highest monthly figure reported since February 2011. The figure marks a return to pre-crash levels from 2008, showing year-on-year increases in all of Spain's 17 regions, with rises of over 40% in the northern regions of La Rioja, Cantabria, Asurias and ... [Read More]

BBVA forecast a further 2.5% rise in Spanish property prices in 2017

BBVA forecast a further 2.5% rise in Spanish property prices in 2017

According to a new property market analysis conducted by leading bank BBVA, 2017 is forecasted to be a positive year for the real estate sector in Spain. With a projected 2.5% rise in Spanish property prices in 2017, BBVA expect conditions to see further improvement and stability within the real estate sector over the coming year.The analysis attributes an improving economy and a reducing stock of unsold homes as the main characteristics ... [Read More]

Spanish government to offer tax reductions of up to 20 percent on energy efficient homes

Spanish government to offer tax reductions of up to 20 percent on energy efficient homes

In a bid to address climate change, energy efficient properties are to receive discounts of up to 20% of the yearly property tax (IBI) in Spain. The tax reductions will come into effect from the 1st of January, 2016 and are part of a wider government scheme to promote sustainability efforts and encourage improvements in energy ratings in homes across the country. Properties that are built and designed to decrease energy consumption will now ... [Read More]

Government figures show sharp rise in Spanish property sales in January

Government figures show sharp rise in Spanish property sales in January

Varying new sources of data regarding prices and sales continue to show a sustained upward trend for the Spanish property market.The latest data released by the Spanish notaries show residential property sales increased by a significant 16.8% in January compared to the same period last year, with a total of 33,670 properties sold. Property prices have also risen by 1.8%, for the eighth consecutive month - with the average property now ... [Read More]

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