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Real Estate in Spain

  • Spain's housing sales increase by 13.8 pct in Sept.

    SPAIN, 2015/11/24 Spanish housing sales rose by 13.8 % in September at the same time as compared with the same month of a year before, Spain's Statistical Office (INE) reported on Friday. A total of 30,711 operations were registered in September, the INE said, with sales of second-hand houses increasing by 36 % to a total of 24,600 purchases and sales of new houses falling by 31.3 % to 6,111 purchases at the same time as compared with September, 2014. Spanish housing sales have been rising for 13 consecutive months on a year-on-year basis. In the initial nine months of the year housing sales rose by 12.2 %, with sales of new houses decreasing by 35.3 % and sales of second-hand houses rising by 42.9 %.

  • Spanish home mortgages increase by 21.8 pct in July

    SPAIN, 2015/09/29 The number of home mortgages granted to prospective buyers in Spain increased by 21.8 % in July at the same time as compared with the same month in 2014, according to data published on Friday by Spain's Statistical Office (INE). According to the INE, a total of 21,863 home mortgages were granted to prospective buyers in July, which meant a 21.8-% rise on a year-on-year basis and a 1.9-% rise on a month-to-month basis.

  • Spain house prices show 1st quarterly hike since 2010

    SPAIN, 2014/01/02 Home prices in Spain rose 0.7 % in the third quarter of 2013 over the previous three-month period, the initial increase since mid-2010, the National Statistics Institute, or INE, said Monday. Year-on-year figures show that housing prices dropped 7.9 % in the third quarter compared with the same period in 2012. These year-on-year declines were as well tapering off in the quarters before that, with a drop of 12 % in the case of the second quarter and of 14.3 % in the initial.

  • Spain Shopping Center Sold for €162 million

    CANADA, 2013/10/08 A joint venture between UK-based mall owner Intu Properties (Intu) and Canada Pension Plan Investment Board (CPPIB) has purchased Parque Principado Shopping Centre, a 75,000-square-meter retail center in Oviedo, northern Spain for €162 million ($219.7 million) before transaction costs. Intu will assume the investment management of the property. Next the purchase, the investors intend to fasten bank financing of approximately 50 % of the property price, according to an announcement from Intu. Based on net gain of €11.7 million, the implied net initial yield at the purchase price is 7.2 %, the company said. "The opportunity to acquire Parque Principado, a top 10 center in Spain, on attractive and earnings accretive terms firmly establishes our presence on the ground in a country where we see considerable increase opportunities in the regional shopping center industry," David Fischel, chief executive of Intu, said in the release.
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