Year on year sales of homes in Spain continue to drop – in 2013, just 311.500 homes were sold, 2.2% fewer than in 2012. That’s a 60% drop in year on year sales over 2007, when 775.300 homes were sold, and the third year in a row to see sales drop. The ending to tax aid on new home purchases in 2013 helped to bolster 2012 sales but caused 2013 sales to drop, I’d reckon. Continue reading Spanish homes sales in 2013 continued to drop
The fall in house prices across Spain has sped up according to the latest suvey from the government statistics body INE. House prices in the 2nd quarter of 2012 fell by 14,4% over their price a year ago, according to government registered house prices. It’s the biggest year on year fall since 2008, and comes on top of the 12,8% fall experienced in the 1ºst quarter of 2012. In fact, it doesn’t matter how you Continue reading House prices accelerate their fall
Get your house in order, and quick. Otherwise we’ll merge or close you. That’s the basic attitude of the government plan to stabilize the Spanish financial sector, published yesterday by Minister for Economy Luis de Guindos. The plan Guindos as it is known, will force banks to accumulate by years end 50 billion euros in cash and assets to write off losses from the real estate sector. 35 billion in cash, 15 billion in assets. Continue reading The only thing colder than the wind today is the governments plan for Spanish banks (and stuff the home prices)
Lenox says on his blog (link) that: I received an anonymous five-page letter today in English entitled: ‘When will the truth be told about the Prior’s and the illegality of their house in Vera?’ adding ‘Will your newspaper continue to print incorrect facts?‘ (sic). The letter (posted in Garrucha by ‘a fed up Brit’) takes the view that the Priors knew all about their house being illegal, but carried on regardless and that the huge Continue reading A tad harsh, methinks – and house prices on the up?