According to Premier Marbella news sources, it is forecast that this year Spain will register around 440,000 property sales, which would represent an increase year on year of almost 12%, pushing the total in property transactions to a value of over 20,000 million euros, well above the 18,000 million euros accounted for in property transactions in 2015. The Marbella property market is on the forefront once again with growth in this sector expected to double in 2016. Continue reading
According to Premier Marbella news sources, in a recent statement issued by the leading building promoters and architects, it was announced that even though the recent indicators are positive towards property sales in Malaga province, until the stock of unsold built properties are disposed of the new construction sector will not reactivate. Continue reading
According to Premier Marbella news sources, Spanish property sales fell in June, representing a 5.5% drop compared with the same month of 2012, to a total of 23,966 transactions. This is the second consecutive monthly decline, after property sales had increased by almost 11% in April 2013. That said, the Marbella property market continues to record a growth of up to 18.1% as many non-European Union high-net-worth individuals invest in luxury Marbella property, in return for being granted permanent residency in Spain. Continue reading
According to Premier Marbella news sources, Property sales fell by 12.6% in March from the same month in 2012, to a total of 22,086 transactions, the lowest figure since April last year, when property transactions just topped 21,500, as reported by the National Statistics Institute (INE). The March decline comes after three consecutive months of annual increases and may be a consequence of the end of the tax benefits for home ownership since last January.
The housing sales rose 17.3% in February from the same month in 2012, to a total of 35,486 transactions, thus stringing three consecutive months of annual gains, according to the National Statistics Institute (INE). The end of the tax benefits for the purchase of property from January 1 this year could be behind this increase in transactions, because of the delay in logging entries in the property registry (sales which closed a few months ago).
The transaction of previously owned homes rose 16.5% in February year on year, adding up to 16,723 operations, while that of new homes rose 18%, to 18,763 transactions. 86.1% of property transmissions were private homes, which meant an increase of 18% to 30,555 operations. The state housing operations were 4931, with a rise of 13.4% compared to February 2012.
The association of developers and builders of Spain (APCE) estimates that the number of homes sold in Spain at the end of 2012 will stand at 325.000, which will be 7% lower than those recorded a year ago. The ‘APCE’ President, José Manuel Galindo, believes that this ‘’positive trend” in property sales is due to tax relief and changes in VAT on housing.
The annual rate of property transfers recorded in Property Registry Offices stands at 12,8% for October, as compared to 0.9% for September. The number of property transfers recorded in Property Registry Offices from the Title of Public Deeds previously registered was 130.109 in October, that is 6.5% more than for the same month in 2011 and 6.8% higher than in September 2012. In the case of property transfers recorded in Land Registry, the number of transfers was 57,182 representing an annual increase of 11.2%, and an increase of 2.2%, as compared with the previous month. In total 83.9% of the property transfers recorded in the Land Registry Offices in October corresponded to urban properties and 16.1% to rustic properties.