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Original article: Property blog
According to Spain’s national institute of Statistics (INE) the collapse in property sales may be coming to an end. Based on the latest figures from July (link below), there were a total of 37,079 property transactions in the month, of which 33,694 were standard sales and 3,345 were social housing (VPO).
Looking at non-VPO sales for a moment, that is a decrease of 19.6% year on year. Not necessarily a good figure, but compared to earlier in the year there has been a marked improvement in the level of sales with an increase month on month of 5.8%. Finally a positive bit of news!
On another interesting note looking at the figures for Spain, of the total properties sold 18,688 were for newly completed properties and 18,351 were for re-sales. This is the first time in recent years that both of these categories have reached parity. Generally new properties have made up a higher percentage of the total over the last year, due to the off-plan property boom in recent years. But with fewer and fewer off-plan sales from the ‘boom’ left to go to completion, this figure should continue to decrease and re-sales should once again make up the majority.
But this does not mean there will be no more new build sales. There are still many promotions on the market still looking for buyers. So, we can expect the figure to continue to decrease, as the best new build properties will sell first, and the less popular will continue to drop in price until there is demand. Although I could be wrong on this matter and the new build figure might suddenly plunge to next to nothing! Unlikely, but still a possibility.
Now for a bit of positive news for us here in Andalucía. Of the total 37,039 properties sold in Spain, 7,898 were in Andalucía. That 21.1% of the total. Or 1 in 5 of all properties sold in Spain!
So although the figures are better for July than for June, year on year, they are still down. And of course they are lower than the 2007 peeks. But if this trend continues we might soon see the end of this long dark tunnel
INE Report
Regards
Andrew Belles
Costa del Sol property
Spanish house prices are slowing and in some cases reducing and for those seeking to buy a home in Spain this could well be the time to seek out a bargain. One area that will be worth giving some attention is the region of Costa Tropical.
Costa Tropical offers many opportunities for home buyers and real estate investors, from beach front property, to inland estates to something that allows you to ski in the morning and relax on your deck in the evening.
The Costa Tropical, situated between the Costa Almeria to the northeast and the Costa del Sol to the southwest, is a fascinating place on the Spanish coast for residents and visitors alike. This area has one of Europe’s most unique microclimates and some 320 days of sun a year. This subtropical paradise along the southern coast of Spain is an ideal location for those who want sun, warm weather and great beaches.
Stretching from one Granada provincial border to another, the Costa Tropical begins around La Rabita in the east and runs to La Herradura in the west. The coast along this stretch of Spain runs almost exactly east west, before curving to the north and south on either end. The climate here is affected by the winds and waters from Africa and the Sierra Nevada Mountains to the north. According to the World Health Organization, this is one of the healthiest places to live on the planet.
Along this stretch of coast, there are three main towns, Almu?r, Motril and Salobre?nd a total of 26 beaches, many of which have been repeatedly awarded the Blue Flag, which confirms the cleanliness of both beach and water. Motril is the easternmost of these three towns although it is in the middle of the Costa Tropical, and is a lively and busy Spanish town of shops and business. It is popular in the summer for its seven beaches that offer a range of water sports and activities, and is often considered the second most important city in the province behind the capital and namesake Grenada.
Motril has seven beaches, a few of which have been awarded the accolade of some of Europe’s cleanest beaches. Spanish families in particular love Motril’s beaches. The most well known beach is the Playa Granada which has a very family friendly atmosphere. Younger visitors enjoy the more lively Poniente Beach with its promenade and the Playa de Calahonda with its deep, clean waters. Further from town there are water sports opportunities at Carchuna beach, a nudist beach at La Joya, or the shallow waters and fine sand of the beach in Torrenueva.
Spain will always be popular and like all other housing markets will have its ups and downs, one thing is sure it remains one of the most popular places to buy a second home for Europeans.
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Spain Biogas Power Market Analysis and Forecasts
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Spain In Vitro Diagnostics Investment Opportunities, Analysis and Forecasts to 2015
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