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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]

SUR hosts a forum in London presenting Malaga as a city for investment

SUR hosts a forum in London presenting Malaga as a city for investment

Last week, a number of representatives of London-based companies such as Lloyds, Royal Scotland and Sequel attended a forum that aimed to present Malaga as a city with various commercial opportunities. Hosted by SUR, the mayor of Malaga spoke about the Malagueñan city as a place in which to do business, a city which is attractive to live in and for work, and to collaborate in an economy with sustainable growth.The quality of life and ... [Read More]

Tinsa report a continued recovery for the Spanish property market in 2017

Tinsa report a continued recovery for the Spanish property market in 2017

A recent Tinsa report shows continuing Spanish property price recovery, an upward trend that has been slow but steady over the last 12 months.Published on Tuesday by the leading real estate valuation firm, Tinsa illustrated that in January 2017, the average market price per square metre of residential property was 0.9% higher than twelve months previously, having reached 1,361 euros.The figure marks the eleventh time in the last 12 months ... [Read More]

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