Costa del Sol

The long awaited…………
Upturn in the Spanish Property Market.


The number of houses sold is up. The number of mortgages granted is up. The number of foreign buyers is up. The number of new construction projects is up and yes………….in some areas the prices are starting to go up too.


After a seven year slide, where prices kept on dropping and buyers were thin on the ground, everything remained bleak in the Spanish property market. Prices dropped 40% from their 2007 peak and the British buyers (the largest source of foreign purchasers ) became scarce, dropping 80% .


However, 2014 has brought several refreshing changes:
  • At the beginning of the year, several large investor funds swooped in buying in bulk from Spain’s “bad bank” the EU funded repository for many of Spain’s toxic real estate assets. A sign no doubt that the ‘smart money’ with a long term investment strategy felt that the market was about to turn.
  • Spanish banks themselves have started to lend again based on today’s cheaper property prices and there has been the first increase in new mortgage signings since 2006.
  • The volume of houses sold has risen for four consecutive months. Averaging an 11.75% increase http://www.ine.es/en/welcome.shtml March-June. ( Last available figures from the INE – Spanish National Institute of Statistics)
  • And most telling of all, Market up for the first time in almost 7 years, the last quarter experiencing a national average increase of 0.97% - prices at 2003 level www.elmundo.es/economia

All the above constitute as clear a sign as anyone is going to get that the market has bottomed out and is on the upturn.

There is a window of opportunity to purchase the remaining few properties being offered at with large discounts on the Costa del Sol. Savvy investors and lifestyle purchasers can both take advantage and get into the Spanish property market now

Get in touch with us and let us know what you’d like to achieve.

Who’s been buying in Spain?.....And are the British still the number one buyers?

If you’ve been following the Spanish property market a little, wondering if the time is right to get into the market, you’ll have started to notice articles referring to early signs of recovery particularly on the Costas and Islands.03/11/2014

The long awaited…………Upturn in the Spanish Property Market.

The number of houses sold is up. The number of mortgages granted is up. The number of foreign buyers is up. The number of new construction projects is up and yes, in some key areas, the prices are starting to go up too.
After a seven year slide...06/09/2014

Spanish Government measures for the property market.

The newly elected Partido Popular (Conservative) party has introduced a raft of measures relating to the under-performing property market. These measures are directed both at stimulating certain sectors of the market and generating extra tax revenue.08/01/2012

Spanish Government reduces VAT on New Property Purchases by 50%.

In an unexpected move on Friday of last week, the Spanish government decided to slash VAT on the purchase of new property from 8% to 4%. Applicable immediately, this discounted tax measure will last until the end of the year -31st December 2011.24/08/2011

Spanish Property prices continue to bounce along the bottom.

Many commentators have been looking to call the bottom of the market after the turbulence of the last 3 years and it would now appear that we are there or thereabouts.....21/11/2010

Monthly mortgage payments set to drop by largest amount in five years.

The Euribor, which is linked to the Central European Bank's base lending rate, is set to close the month of December at 3.47%.28/12/2008

Euribor at lowest level for eight months.

Against the trend of bad news in the financial markets, the Euribor fell again to 4.381% (22.01.08). This is well below the rate at the end of 2007 where the rate had spiked to 4.79%.28/01/2008

Spanish property prices end the year lower than they started.

Despite starting the year well with property prices rising in all Spanish regions,2007 has ended in December with prices 0.28% below where they started in January. According to Facilisimo.com, the region of La Rioja has been the worst affected, dropping 11.08% to 2159€/m2 , Madrid and Barcelona haven't avoided the falls dropping 2.38% to 3479€/m2 and 3.05% to 3777€/m2 respectively. 05/01/2008

Euribor falls again for second month in succession.

The Euribor, the Central European Bank's base lending rate, is set to close the month of November at 4.60%.02/12/2007

Deutsche Bank release strong Spanish economy report

The Deutsche Bank have issued a report on the Spanish economy entitled Spain 2020, the success story continues.22/11/2007

Price of resale property falls in several Spanish regions

Resale property prices have fallen for the third consecutive month in thirteen Spanish regions including the province of Malaga.22/11/2007

Domincan Republic. JUST RELEASED. 30.10.07

Fantastic new property investment just released in the Dominican Republic. This product, previously only available to the Spanish investment market is now available through Garratt Homes.22/11/2007

Adosados de Lujo en Marbella Precio Rebajado en 100,000€. Sólo hasta el 30.11.07.

Situadas en la privilegiada Marbella, en la zona de Cabopino, esta viviendas residenciales de alta calidad y orientadas al sur, gozan de unas fantásticas vistas al mar. Los amantes del golf pueden también elegirlas con vistas a Cabopino Golf (Par 71). Los precios standard oscilan entre los 415,000€ y los 515,000€. Estas maravillosas viviendas de lujo pueden comprarse a un precio increíble que va desde los 350,000€ a los 415,000€.22/11/2007

Spanish Mortgage rate set to fall

The Euribor, the Central European Bank's base lending rate, is set to close the month of October at 4.65%.30/10/2007