Spanish Property News

The latest news update from the Spanish property portal Kyero confirms what many Spanish property agents on the ground have been seeing - Spanish property prices have touched bottom.

Martin Dell from Kyero states that "I continue to predict a wave of foreign investment money flowing into Spanish property. Word on the street plus confirmation by Knight Frank that real Spanish property prices have bottomed out means that what we're waiting for now are the investors."

At Dream Spain we are seeing increasing amount of buyers looking at property on the Costa Calida. When you can buy a detached villa within walking distance to the beach for 160k euros you can understand why.

We will continue to add more great resales to our Spanish property portfolio over the next couple of weeks, to complement the really interesting new build properties already available.

Spain is still the popular choice for foreign buyers - I have no doubt about that. As I write this in November it is 25 degrees here on the Costa Calida. Property is available at great prices, interest rates are low, it all makes perfect sense.

Labels: Costa Calida Property, Murcia Property, Spanish Property Prices

Tinsa, the leading valuation company in Spain, release a monthly House Price Index, and this is seen as the best indicator we currently have of house price trends in Spain.

The indication that the decline in Spanish Property prices has bottomed out has been reinforced by the latest Tinsa index. In June we saw that the Tinsa House Price Index was indicating a static monhtly decline in property prices of approximately 10% year on year. August 2009's Tina House Price Index once again shows a year on year decline of approximately 10%.

How does this translate to prices on the ground on the Costa Calida? New build property prices have certainly remained static over the last few months, as have the prices of resales owned by those that are not in a rush to sell. Where we are seeing those elusive 10%+ reductions are from those owners who need to sell quickly, or with developers who have a few key ready properties left on a new development. As you can imagine these properties come and go quickly - so if you want to to know what bargains are available right now do contact us.

Labels: Costa Calida Property, Murcia Property Prices, Spanish Property Prices

Yesterday one of our clients showed us a UK newspaper story with the headline "The Pain in Spain". Articles about recent events in the western economy have put everyone on edge so it is interesting to take a step back and consider what these headlines & phrases really mean.

Debbie Jenkins, author of the best selling books "Going Native in Murcia" and "Buying Property in Murcia" has launched a new website Spanish Property Expert with a view to taking an objective look at what is really happening here in Spain. Her latest article Naming Things Gives Them Wings is definitely worth a read.

Please do visit the site and share your thoughts with her.

Labels: Spanish Property Crash, Spanish Property Prices

The average property price in Murcia is still 13% below the national average according to the latest Spanish House Price index released by the property portal Kyero.

There has been an increase in overall property price during 2007 with the average price increasing from 212,000 Euros to 216,000 Euros. This is contrary to other parts of Spain which have seen an overall decrease in property value through the year.



(Spanish House Price Index by Kyero.com)

After a customary lull in the market at the end of 2007 buyers are once again visiting the area with several local agents reporting an increase in clients. Dream Spain, established specialists in the Murcia and Costa Calida property market, are offering FREE inspection trips, contact them now for more details.

Labels: Costa Calida Property, Murcia Property Prices, Spanish Property Prices