Construction Sector Recovers as Property Investments Grow

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Residential property investments are set to rise this year in Spain, giving the construction sector a much needed boost. Investment in Spanish residential property is expected to be 8.2% higher this year than in 2016, forecasts the latest report by BBVA Research. BBVA made an upward revision of 1.7% on previous 2017 forecasts. The residential… Read more »

Buyers’ Appetite for New Build Property Grows

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The number of new build properties unoccupied in Spain dropped by 3.6% in 2016, year-on-year, as buyers increased appetite for new property absorbs the surplus housing stock, according to Tinsa. Since 2008 there has been a gradual reduction in the number of unoccupied new build properties; by the end of 2016 the number stood around… Read more »

New Build Property Prices Grow 3.3%

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The price of new build properties in Spain grew by an average of 3.3% in 2016, according to end-of-year statistics published by Spanish property valuation firm ST Tasación. The new build property sector had some ups and downs at the start of 2016; demand started to outweigh supply and although the recovery was continuing, the… Read more »

Building Licence Applications Grow by 20%

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There were 3,291 licence applications for new residential building projects in Spain in August, an increase of 20.2%, compared with the same month last year, according to data published by the Ministry of Development. The latest data shows that demand for new build properties in Spain is maintaining its upward trend, after licence applications accumulated… Read more »

Buyers of Spanish property shift to ‘all things new’

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Prices of new housing in Spain rose 8.4% year-on-year in the second quarter, official figures show. Meanwhile, industry insiders report an upward trend of international buyers favouring modern design properties in developments over second hand resale homes, particularly in hotspots such as Marbella and surrounding areas of the Costa del Sol.