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Resale housing prices fell more gently in the third quarter of 2011

Resale housing prices fell more gently in the third quarter of 2011
Resale housing prices fell more gently in the third quarter of 2011 (-0.5%) to stand at €2,167 per square metre. the summer relaxed the market price decreases: while in the second quarter 80.8% of the municipalities price cuts, three months later the figure has come down to 68.3%. Five autonomous communities have concluded the fiscal quarter with increases  in their resale housing prices: the canary isles (1.1%), Valencia (1%), Asturias (0.7%), Cantabria (0.2%) and Murcia (0.2%). in euskadi prices remained unchanged (0.0%), whereas

Number of mortgages falls

Number of mortgages falls
 In October, the total number of registered mortgages in Balearics falls to 661. This is 27% less compared to the same month last Year, according to  the National Statistics Institute. This number is also just more than half of September´s number of registered mortgages. The average mortgage value in October was 97850€, which again is less by 26% comparing to the same month last Year when the average was 133435€.  

Rental Prices

Rental Prices
  Property rental prices in the Balearic islands rose by 0.4% in February, according to Online property rental website. This is the fifth highest in Spain behind Basque country, Madrid, cataluña and Navarra, and 0.3% higher than the national average in Spain.

Changes to the VAT in Spain

Changes to the VAT in Spain
VAT increase from 18% to 21% come into effect on the 1st of September 2012. The reduced rates will rise from 8% to 10% and the 4% VAT will stay the same. The Spanish government previously indicated last year that the Spanish VAT rate would increase to 20% in 2013. But due the worsening economic position and the recent request for a 100 billion euro bank bail, out from the European central bank, the Spanish government was forced to a more drastic and further increase.

Increase number of foreigners who buy property in Spain

Increase number of foreigners who buy property in Spain
 The decrease in prices and improving the country's image abroad are the factors of the increase in foreigners who decided to buy property in Spain in 2012. The statistics, which draws on data from the General Council of Notaries, specifies that their figures refer to the number of citizens of this condition, ie foreigners and non-residents who buy property, "so that the numbers do not count the houses but the owners.In fact, the same person may have acquired more than one property, "explained sources of this organism. Thus

Spain Approves Immigration Residency Visa for 500,000 Euro Property Investment

Spain Approves Immigration Residency Visa for 500,000 Euro Property Investment
 Investors spending a minimum 500,000 Euros on residential real estate or a portfolio of properties making up this limit will gain a residence visa often referred to as the "Spanish Golden Visa" or "Spanish Entrepreneur Visa". The visa is one of the most affordable and flexible in Europe. There is no minimum stay requirement in Spain and the visa can be renewed up to five years. Holders of the Spanish golden visa are free to travel throughout the Schengen visa countries inEurope. After five ye

New rules for Immigration Residency Visa

New rules for Immigration Residency Visa
 Spain approved a new package of measures to attract buyers and investors from countries outside the EU, such as Russia or China. The new measures are intended to supplement already existing in September 2013 with the rules. Innovation, approved on June 1 prolong the permit for 2 to 5 years. However, he may be granted not only legitimate wife, but also to any person who calls the investor as their non-registered spouse and the parents of the investor / his spouse. The residence permit is issued, and now adult children who are financially