Spain Real Estate News

International Mortgage Brokers have announced that they are now offering Spain property loans of up to 90% loan-to-value (LTV) with rates starting from just 2.45% and low arrangement costs, when purchasing selected Spanish property owned by the banks. There are also 95-100% finance options available.

Most mortgages to buy property in Spain are normally limited to 70% of the purchase price so, making this a seemingly attractive product.

The bank owns or controls many properties in Spain and has taken the decision to sell many of them at attractively low prices due to the collapse the Spain property market, with the added benefit of additional safeguards and warranties from the banks.

The company claims that no other Spanish lender offers these unique additional safeguards and that such high loan to value mortgages are only available to the public directly through International Mortgage Brokers.

The company is also offering French property mortgages of up to 100% LTV, with interest rates starting from just 2.65%.

Source:  Homes Overseas

Anyone got 80,000 Euros spare to rent out a (huge) house in Marbella?

The Spanish property portal idealista.com has listed the most expensive properties for long term rental in Spain.

It makes interesting reading but some lovely properties there, as you can imagine.

You can view the list here.  Or view it in English using this link.

This is translated from Spanish:  Original article here.

tracking by the official archives of the Ministry of Housing shows that the government has mapped 22 points for Spain (municipal or provincial capitals with over 25,000 inhabitants) where the new housing price has fallen open more than 30% in recent quarters, compared to a decrease of approximately 8% accumulating half the country

Some data are surprising or at least so far unknown. el mayor batacazo en obra nueva (viviendas hasta con dos años de antigüedad) se lo ha llevado alcobendas , uno de los municipios más ricos de la comunidad de madrid y con la famosa zona residencial de la moraleja como bandera. the biggest wallop in new development (housing up to two years old) has taken him alcobendas, one of the richest municipalities of the Community of Madrid and the famous residential area of the moral and flag. en su término municipal el gobierno ha medido que el desplome del precio de las casas nuevas es del 47,6% desde los máximos, hasta los 2.276,9 euros por metro cuadrado construido. within its municipal government has measured that the plummeting price of new homes is 47.6% from highs, to 2276.9 euros per square meter built. otro municipio acomodado como las rozas acumula un hundimiento del 35,1% en las viviendas nuevas, siempre según los datos oficiales del ministerio another municipality collects the farms accommodated as a collapse of 35.1% in new buildings, according to official data of the ministry.

data with those of producers of official statistics and housing prices that are extracted from the database of the Association of Corporate Real Estate Appraisal (ATAS). Entre ellos hay otros siete municipios de madrid donde el precio de la vivienda nueva libre ha caído más de un 30%, localizados en zonas más modestas. Among them are seven other municipalities of Madrid where the new housing price free has fallen more than 30%, located in more modest areas. se trata de alcalá de henares (-37%), alcorcón (-34%), aranjuez (-35%), colmenar viejo (-33%), leganés (-33%), móstoles (-33%) y pinto (-37%) question of Alcala de Henares (-37%), Alcorcon (-34%), Aranjuez (-35%), Colmenar Viejo (-33%), Leganés (-33%), Móstoles (-33%) and pinto ( -37%)

In Barcelona, the areas most affected by the drop in new free housing are castelldefels (-33%) and Sant Cugat del Vallés (-32%). For provincial capitals, Cadiz, Jaen, Avila, Ciudad Real, Guadalajara and valence also accumulate more than 30% declines in new construction

datos en euros/m2 construido euros/m2 built data