Finance and Property News

Applications for new builds skyrocketed by 26.8% in the first nine months of 2017. A total of 60,695 were made during this time, according to data from the Spanish Ministry of Development (Ministerio de Fomento). If it turns out this rate continued for the last three...

Mortgage base rates in the Eurozone dropped to another record low in December 2017, whilst the latest data shows new mortgage lending rising for another month in October. 12-month Euribor – the rate used for most mortgages in Spain – came in at -0.19 in December,...

SPAIN’S property market has been ranked the fourth most rewarding investment opportunity in the world.  In the new 2018 ranking by Afire, the holiday hotspot moved from sixth in the ranking last year to fourth, leapfrogging the UK, who moved down from third last year...

Before you start your property search, get to grips with the extra costs incurred by a property transaction in your chosen destination and ascertain what your total budget is. This way you can browse properties with a realistic idea of whether you can afford them. In...

The residential property market in Cyprus is set to see a further move towards recovery in 2018 with sales increasing and prices rising in some locations on the Mediterranean island. The latest official figures from the Department of Lands and Surveys show that sales...

Property sales recorded in Spain recorded in the land registry soared in October 2017, up 28%, the biggest increase since the housing market recovery began. The figures from the National Institute of Statistics suggest that the end of the summer months were strong for...

Two out of three of Spain’s top destinations for Brits buying a second home are in Andalucia. Marbella and Mijas are in the top three, only beaten by Torrevieja, in Alicante, according to leading homebuilder Taylor Wimpey. While, Torrevieja topped the charts thanks to...

APPLICATIONS for licences for new builds in Spain soared by 24.4% in the first seven months of this year. According to figures from the Development Ministry, some 49,238 applications were made. The majority – 37,039 – were for apartment blocks, up by 26% compared to...

More residential properties are being completed now than any other time since the crash, latest figures reveal. Between January and July, 33,085 homes, mostly apartments were finished according to the Ministry of Public Works. This represents a 39% increase from this...

Holiday homes come in all shapes and sizes, but in Spain one of the most popular choices remains an apartment or townhouse within a complex that includes communal facilities. It’s easy to see the appeal and why these types of property are often described as...