Fuster & Associates

11/07/2016

Property sales keep increasing in Spain with May's totals giving a 24% year-on-year rise. The trend for resale property dominating sales remained prominent and under 20% of sales related to new-build property although the number of new-builds sold in May was up 12% on the same month in 2015 |

May saw a huge 23.6% rise in the number of sales of Spanish properties year-on-year. The number of sales in the month hit 36,425 and was the highest monthly total since January 2013. May’s sales were mainly made up of resales with 80.8% of all properties sold during the month being resales while jus...

11/07/2016

Prices increased by 0.8% in the second quarter of 2016 with Spanish property continuing to recover after reaching the bottom of its negative cycle in 2014 |

Spanish property prices registered another quarter of increasing prices during the three months from April to June with growth of 0.8% year-on-year. The increase is below the 1.4% recorded for the first quarter but shows that price evolution remains healthy at present. The positive result for the se...

08/06/2016

Positive forecasts are released by Servihabitat predicting a rapid rise in sales and a substantial price boost in 2016 | http://fuster-associates.com/2016-forecasts-see-prices-rise-3-8-sales-10/

The property market in Spain is in the throes of a long awaited recovery and the forecasts made by Servihabitat, the real estate arm of the Spanish bank La Caixa, reflect this. The company predicts that sales will hit 440,000 in 2016, a 10% increase on 2015 total sales, while prices will rise by 3.8...

13/05/2016

Demand is rising for Spanish property | http://fuster-associates.com/demand-forecast-to-expand-by-12-in-2016/

Sales of spanish property are predicted to hit 440,000 according to the financial advisory firm KPMG. The forecast would mean an increase of 12% in sales on 2015 and would also signify a continuation of the growth trend which has been evident over the last couple of years. The company also forecasts...

25/01/2016

Lucas Fox predicts a good 2016 for Spanish property | http://fuster-associates.com/luxury-estate-agency-bullish-for-2016/

The luxury estate agency Lucas Fox is looking forward to a strong 2016 for the Spanish property sector with the firm’s Director in Madrid, Rod Jamieson, seeing falling unemployment and the fact that Spain’s economy is forecast to be among those registering highest growth this year as signs that the…

08/01/2016

Benidorm's InTempo skyscraper has been put up for sale | http://fuster-associates.com/benidorms-landmark-intempo-skyscraper-to-be-sold-off/

The iconic InTempo skyscraper has been put up for sale after a ruling made by Alicante’s Mercantile Court No. 1 approved the administrative proceedings proposed by the building’s former owner Olga Urbana as the developer entered into bankruptcy. Construction work began on the building in 2006 and th…

06/01/2016

Positive forecast for Spanish property in 2016 | http://fuster-associates.com/spanish-property-market-well-set-for-2016/

We can look back on 2015 as the year in which the stabilisation of the Spanish property sector which had begun in 2014 was consolidated and built upon with sales increasing in most areas of the country and prices starting to rise in the major cities and tourist hotspots. Two of Spain’s largest valua…

01/12/2015

Spain's Ministry of Public Works puts price increase for the third quarter at 1.4%, the best result since 2008, tourist regions fared well in the quarter | http://fuster-associates.com/strongest-price-increase-since-2008-registered-for-the-third-quarter/

The Ministry of Public Works in Spain has released statistics which show the largest year-on-year increase in property prices since 2008 with prices rising by 1.4% in the third quarter of 2015 pushing the average price of Spanish property up to €1,476/m2. It marks the second consecutive increase in…

24/11/2015

Spanish property prices are on the increase according to the latest figures from the registrars which show a 6.6% year-on-year rise for Q3 2015 | http://fuster-associates.com/registrars-put-house-price-increase-at-6-6-for-q3/

The statistics from the Spanish property Registrars for the third quarter of 2015 show property prices as having risen by 6.6% year-on-year. The recent increase in prices now puts the peak-to-present decrease at 28% according to the Registrar’s data. The methodology used to calculate the change in p…

17/11/2015

A huge 20.3% rise in the number of Spanish property purchases made by foreigners in Q3 has been driven primarily by the British with the number of British buyers up by 53.5% year-on-year and 30.8% on Q2 | http://fuster-associates.com/boom-in-foreign-purchases-in-third-quarter-led-by-the-british/

The Spanish Property Registrars have released their data for the third quarter of 2015 and it reveals the best quarterly result for foreign purchases since records began with a total of 12,545 Spanish properties being bought by foreigners from July to September. The total number of sales for the qua…

13/10/2015

Could another boom in the Spanish property sector be on the horizon? Experts on Spain's property market believe that a lack of financing is perhaps the only factor impeding a return to a boom cycle | http://fuster-associates.com/lack-of-available-credit-blocking-another-spanish-property-boom/

An article published recently in El País and which draws on opinions from influential figures in the Spanish property sector claims that the only obstacle to a new Spanish property boom is the lack of financing options for would-be buyers as well as low wages and unemployment levels which remain hig…

02/09/2015

Very positive data released for the second quarter by Spain's property registrars shows prices are up 5.1% year-on-year, sales up by 11.1% yoy and purchases by foreigners increased by 9.3% yoy driven by the strength of the British market | http://fuster-associates.com/huge-improvement-in-prices-and-sales-in-q2-and-rise-in-foreign-buyers/