Spanish Mortgage Activity Continues to Rise

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Spanish mortgage activity and average mortgage loan capital rises for the ninth consecutive month. The number of Spanish residential mortgages constituted during the month of January rose by 6.1%, compared with the same month in 2018, to 19,390, according to provisional data by the Spanish notaries.

Spain’s New Housing Market Grows as Foreign Demand Rises

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New home sales grew significantly in the first 11 months of 2018, accompanied by a rise in the number foreign buyers, government data shows. The Spanish property market continued to grow last year with sales rising by 11% between January and November, compared to 2017, – averaging 43,747 sales per month – according to the… Read more »

No Housing Bubble but Precautionary Measures must be Taken

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There is no new housing bubble in Spain, says the International Monetary Fund (IMF), but precautions must be in place to prevent one from forming in the future. Despite data from 2017 showing early signs of a ‘slight overvaluation’ in house prices, the IMF says ‘there is no clear evidence so far of a generalized… Read more »

Spanish Mortgage Approvals Rise Along with Loan Capital

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A rise in the number of property sales across Spain during the month of June was accompanied by a rise in mortgage activity, new figures show. Residential property sales grew by 1.8% in June to reach 44,692 transactions, according to government statistics, accompanied by a 3.9% rise in the number of approved mortgage loans.

Spain’s Holiday Home Market is Back in Business

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The Spanish holiday home market is showing clear signs of recovery with growth in house prices reported across several coastal areas, including Malaga. “Areas with clear signs of recovery in the holiday home market are the Balearics, Canaries, Costa del Sol, North Alicante, and the Maresme,” commercial director at property valuation firm Tinsa, Pedro Soria… Read more »