Mortgage lending in Spain rises by 10 percent in September
Mortgage activity in Spain rose by 10 per cent in September, according to the country's central statistics unit. Mortgage for residential property in Spain appears to have achieved a level of stability and gradual month by month growth in all 17 regions.In September, the number of mortgages registered on residential properties was 26,667, an increase of 10% over the same period last year. The average loan capital also rose by 2.2%, rising to ...
Spanish property sales figures show 13.2 per cent increase in September 2016
The latest residential property sales figures published by Spain's central statistics unit show that the number of transactions registered in September 2016 was 13.2% higher than last year. Reaching a total of 31,931 transactions, the figure maintains a recovery which began two and a half years ago as demand in Spanish property returned to the market following the significant slump which began in late 2007.The running 12-monthly sales total ...
Catella Investment Management acquire two major properties in Spain worth 24m euros
Catella Wohnen Europa recently completed an acquisition of two major residential properties located in Pinto's Teneria neighbourhood in Madrid. The twin buildings have an occupancy rate of 93% and a total floor area of 8,092 square metres. Distributed over 216 apartments, 216 parking spaces and 216 storerooms, the two properties are worth a total of 24 million euros.Catella's investment management team in Spain closed the acquisitions by ...
Reports forecast further rises in demand and house prices in 2017
The Spanish property market is sailing towards a year modelled on stability and sustainability, according to recent figures. The market is expected to not only consolidate the astounding gains of recent years, but see further growth in demand and house prices in prime regions throughout the country.The glut of homes built in Spain during the boom housing years prior to the crash in 2007 decreased by 20% in 2016. According to ServiHabitat, a ...
2016: A year of sustained growth for the Spanish property market
The Spanish property market is set for a continued trajectory of recovery and growth in 2017, following a positive year characterised by a surge in international demand and modest price rises in prime locations.A growing economy, low financing costs, good potential for rental returns and capital appreciation will continue to drive sales transactions throughout 2017 and beyond.According to Richard Speigal, head of research at Spanish ...
