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The price of rental housing fell by 0.6% in January

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The price of rental housing fell by 0.6% in JanuaryThe average price of second-hand homes for rent in Spain stood at 8.01 euros per square meter per month (€ / m2 per month), representing a decrease of -0.6% on the price of December (8.05 € / m2 per month). Are data for the month of January fotocasa.es property portal. Since registering the maximum value of the rent in Spain (10,12 € / m2 per month in May 2007) prices have fallen by 20.9%.

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Zapatero reforms increase Spain market confidence

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Zapatero reforms increase Spain market confidenceSpanish Prime Minister Jose Luis Rodriguez Zapatero’s moves to overhaul banks while changing rules on labor, pension and wages may do more to stem the debt crisis than European plans to reinforce its bailout fund. Zapatero’s cabinet plans to pass new rules for job seekers today, two weeks after approving a draft bill to raise the pension age.

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The Costa Blanca sell more homes by the crisis in Egypt

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The Costa Blanca sell more homes by the crisis in Egypt

  • It says a report from the Institute of Economic Studies in Alicante.
  • The ‘stock’ of housing in the province of Alicante reaches 50,000.
  • At the current pace of activity in 2014 did not meet the need of real estate.

The political and economic situation in countries bordering the Mediterranean, particularly Egypt, Tunisia and Greece, will result in increased demand for homes in the Costa Blanca, according to a report from the Institute of Economic Studies for the Province of Alicante (INECA).

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US film giant Paramount theme park in Spain expected to boost property sale and rental prices

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US film giant Paramount theme park in Spain expected to boost property sale and rental pricesA Paramount Pictures theme park in Spain will boost real estate prices and give the nation’s real estate market an uplift, it is claimed.

The US giant’s first European theme park is to be built at Alhama de Murcia in Mazarron and is expected to attract up to three million tourists each year when it is completed.

The first phase covering 3.5 million square meters is expected to cost up to €60 million. Later phases will have hotels, services and commercial areas.

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The house price falls 5% in the first month of the year in Spain

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The house price falls 5% in the first month of the year in Spain

  • The biggest drop is on the Mediterranean coast, with a drop of 8.4%.
  • In capitals and major cities, prices have fallen by 6.5%.

Falling house prices is more pronounced in the beginning of 2011. The average house price fell 5% in January compared to the same month of 2010. The index says Real Estate Appraisals (Tinsa), which stands at 19.6% cumulative fall in prices from their highs.The appraiser notes that after the removal of tax deductions from last December 31, 2011 starting with an increase in the “reset” price “to accommodate the new rules the market.” According Tinsa, the end of deductions (which only remain in the Basque Country, Navarra, Madrid and to a lesser extent-Valencia) generated a “reactivation atypical” of prices in the latter part of 2010.

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