helping you navigate the property market in Spain
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Do you recognise the lack of having learnt a previous lesson, removal of regulation, the sheer irresponsibility and the lack of attention to the clear warning signs? This is largely what has happened with the economy – with the property market allowed to rise out of control like an unguided missile carrying a nuclear warhead.
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Every month Tinsa (Tasaciones Inmobiliarias SA), the largest property valuation company in Spain, releases a house price index. This index shows that having reached a peak in early 2008 Spanish property prices have since dropped by 10.1% as highlighted in the January 09 index.
I am perplexed by why anyone has any doubt about who is responsible for the Spanish property crash. The blame, surely, must be laid firmly at the door of the Spanish national government – just as it can be with the governments of the UK and the US whose countries are suffering a similar property market meltdown.
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There’s a great post on the spaineconomy blog, run by Edward ‘the bonobo’ a Catalan economist of British extraction based in Barcelona, which explains the current economic situation.
There’s a great post from Martin Dell at Kyero about getting accurate information on Spanish property prices, have a read here:
We’re giving 5 review copies away to readers of this blog. So read on to find out more…
As you may know, as well as operating this website we also run a publishing business. Well, Nick Snelling (one of our authors with an impressive track record in Spanish real estate) approached us with a book proposal that couldn’t have come at a better time. We immediately agreed to publish him and have worked as quickly as we can to get this book in print and available to people who need it.
You can read the impressive endorsements from the press and industry experts by clicking to enlare the cover. The book went to print just over a week ago and will be available to buy via Amazon and all good bookshops within the next few days. Here are the Amazon links…
However, if you can’t wait that the few days for the print book to arrive you can download an ebook here…
Now, I also mentioned we’re giving away 5 review copies of this book to the first 5 people to contact us using the “contact” link at the top of this website. So, if you want one, all you need to do is agree to write a review for the book on Amazon.co.uk and Amazon.com as soon as you’ve read it.
Get in touch now – as we’re expecting these 5 freebies to go quickly…
The Spanish economy registered an interannual growth of 0.9% in the third quarter of 2008, nine tenths less than in the previous quarter. Data from the INE.es
- The quarter-on-quarter growth stands at –0.2%, three tenths less than the growth registered last quarter.
- The annual and quarter-on-quarter growth data coincides with that published in the Advance Estimate for the Quarterly National Accounts published last 14 November.
photo courtesy of www.flickr.com/photos/sadsnaps
A month ago I came across this property developer in Devon, who was selling raffle tickets for his 4 luxury apartments. For just £50 you would be in with the chance to win all 4 of the apartments and become a property developer overnight. Yup, for just 50 quid! I must admit I was tempted.
Then there’s the Spanish ones.
Can you beat the Exchange Rate Blues?
If you live in the UK and are interested in buying a property in Spain you will be very disappointed to see that the pound is currently hovering at an all time low against the euro. Are you facing the fact that your hard earned money will buy you much less in the way of Spanish property than it would a year ago?
Well don’t despair. Buying at better rate of exchange is not a thing of the past.
2 years ago InspectaHomeSpain published our first survey report, based on 350 new property inspections www.thesnaggingforum.com and with the incredible changes that the Spanish property market has gone through an update was overdue.
In the latest survey we look at inspection results for 700 properties, checked over the period from April 2007 – December 2008, in the Costa Blanca, Costa Calida, Costa Almeria and Costa del Sol areas.
What You Say…