The 10 vital signs of the housing market in Spain

03:47 PM · Comments Off · Categories: Marbella apartments, News from Marbella Costa del Sol · Tags: housing, market, signs, spain

The sale of homes, the price, the stock of unsold homes and the rental market are among the ten leading indicators of the residential property market. The latest report from the Institute of Business Practice ( IPE ) notes that six of them continue to worsen while four of them have improved, so in his view the construction of homes has already bottomed out and the stock of homes is starting to shrink.

The stock of unsold homes in Spain has been reduced in 2013

– Real estate transactions : The sale of homes rose earlier this year due to the effect of the personal income tax relief in VAT and rising, ipe estimated that at the end of 2013 there will be another spike in this type of operation

– Housing prices : The value of homes continues to decline but at a slower pace. addition , the latest statistics from the ministry building pointed to a rise in the price of houses in four CCAA

– Mortgages: Loans for homeownership continues its pace of decline and improvement is glimpsed

– Construction of new work: Building houses stabilizes but these figures do not reach a sixth of what they were in the time of the boom. this figure is expected to end the year at 90,000 new homes

– Stock of unsold homes : The stock began to decline, albeit timidly in 2012. This year the decline has been substantial, in particular, it has gone from 872,697 to 777,000 homes

– Renting : The problem of unemployment has sunk the rate of families who choose to go into home ownership, and thus has increased the number of rental leases

– Collection : Real estate fund in 2006 was 43,200 million euros and now it is just over 9,300 million

– Financial effort of families : The percentage of annual income families must spend to pay the housing moves to 31.9 %, the lowest since March 2002

– Rehabilitation of buildings : There are no statistics that reflect the reality of this business given since visas are not required

– Foreign investment : According to figures from ipe, house sales by foreigners has increased by 17%

Article By Rughead

Health and Wellness Tourism on the rise on the Costa del Sol

01:11 PM · Comments Off · Categories: Marbella apartments, News from Marbella Costa del Sol · Tags: costa del sol, health, tourism

The Costa del Sol is committed to the Health and Wellness Tourism, a segment on the rise and according to estimates is expected to attract about 40,000 tourists in the next three years, that would bring about 300 million euros in to the province.

This data is shown in the panel on Health Tourism organized by the University of Malaga that has participated in the CEO of the Board of the Costa del Sol, Arturo Bernal who has stressed the importance of branding Health & Wellness and the need to organize international forums on this segment to position itself as an international leader in the Health and Wellness tourism industry.

Thus stressed the appropriateness of combining the business sector under the Health & Wellness segment and the need to base its momentum in several aspects: the organization of international forums, the establishment of partnerships in health between different countries, loyalty prescribers who have tried the virtues of health tourism in the Costa del Sol and the creation of tourist packages that include treatments, along with a single platform that integrates supply of health clubs.

In this regard he referred in his speech to the strengths of the destination Málaga, such as accessibility, reputation of trademarks Spain and Costa del Sol..

The panel, moderated by journalist Angel Escalera, has attended the Dean of the Faculty of Tourism, Antonio Guevara the cluster manager & Health Tourism Spain, José Navas and the director of the department of Tourism Ricardo Pagan.

Over the next three years health tourism on the Costa del Sol will rise

This type of tourism attracts every year worldwide about 70,000 million people. In Europe, about nine million tourists a year are recorded with these motivations and this is expected to grow by 90 percent by 2020.

The Costa del Sol, which has been recognized by the central government as one of the national centers of reference, has ” excellent facilities ” in these segments, as indicated from the County Council in a statement. Thus home to half of private hospital beds in the Autonomous Community of Andalusia, in addition to that 90 percent of facilities are five star and and they have related facilities such as spas or spa facilities.

HEALTH PROFILE OF THE TOURIST

The profile of this type of tourist usually comes from Germany, UK, France and the Scandinavian countries this corresponds mostly with over 50 treatments that require surgery and also to younger people opting for cosmetic treatments and dental work.

Its average budget is a step up to 10 times higher than average, varying between 1,200 and 10,000 euros, depending on the type of treatment needed, and the tourists stay well beyond the average: 10 to 20 days.

Deutsche bank says property prices in Spain in 2014 will have hit lowest levels

12:10 PM · Comments Off · Categories: Marbella apartments, News from Marbella Costa del Sol · Tags: marbella property, prices, spain

The fall of the housing market could touch down in 2014 if the Spanish economy continues to recover writes the German bank Deutsche Bank, in 2014 we will see an end to declines in both Spain and in Holland, this review adds to the BBVA and Goldman Sachs conclusion, they estimate that housing prices will further drop.

The number of experts who foresee the end of the adjustment of housing in Spain in the coming months is increasing, from the BBVA Javier Sainz, director of the developer of the bank Anida, he said in an interview recently that ” the price of home sales that are closing is the lowest we’ll see “, the reasons given were the reforms that have been made in Spain in recent years. For its part the bank Goldman Sachs in its latest report asserted that the stabilization of the unemployment rate in Spain would suggest that the bottoming out of the price of housing is close.

Deutsche bank says prices in Spain have bottomed out

But not everyone is so optimistic, for example the U.S. bank Morgan Stanley said in its latest report on Spain that housing should drop by a further 30% to match families income, his conclusion is that the bursting of the housing bubble will still carry on.

Deutsche Bank catalogues Spain in the group of countries with a weak economy and falling house prices, included in this group is Holland, Ireland and Greece, according to the report drawn up on the housing markets in major countries of the eurozone, in recent years housing prices in these four countries have fallen and have become more affordable again, ie affordability ratios have fallen.

The price of housing in Spain rose 1% in third quarter

11:55 AM · Comments Off · Categories: News from Marbella Costa del Sol · Tags: increase, prices, rising, spain

The price of housing goes up for the first time in five years, between July and September the average house price rose almost 1%, according to the Association of Registrars, while over the same period last year, prices fell 5.35%. Registrars data suggest that the coming quarters will show whether this incipient ” turnaround ” is fact or merely a temporary situation.

The average house price rose 0.91 % in the third quarter compared to the previous three months, which is the first quarterly increase in five years, according to the statistical property of the College Registrar.

The report finds that the prices of apartments may have touched a minimum and be showing ” a turnaround. ”

For the third quarter of this year, the average cost of buying a flat resulted in a drop of 5.35% compared to the same period in 2012, ” a much milder decline than that achieved in previous quarters, where we saw annual double-digit declines “, says the study.

Property prices in Spain are 1% up in the last quarter

The slight upturn in prices recorded after they have contracted by 31.07% from the highs that were reached in the upward cycle, before the crisis, which has led to today are placed in ” mid- levels seen around 2003. ”

However, registrars estimate that ” it seems clear that something is changing in the pricing of housing. ”

Also the institution estimates that ” a positive sign of quarterly results, despite its small claims, is undoubtedly an additional sign to indicate that possibly the current housing prices, on average, are close to their lowest levels. ”

Increased demand from foreign buyers

Regarding the reasons for this eventual turnaround in the price, the report points to increased housing demand by foreigners, but in any case its deemed ” insufficient to justify a price recovery. ”

However, registrars estimate that the current economic situation does not seem to have ” sufficient strength to create change “, and that the demand for housing ” has not yet recovered. ”

” Possibly the current price levels may already be proving attractive to those with purchasing power, leading to a slowdown in the intensity of price adjustment, being able to even slightly overall increases quarterly, ” argues the College Registrar. ”

As for sales data, statistical records reveal that foreigners were responsible for 12.16% of the total 76,818 transactions recorded between the months of July and September property transactions.

This figure, although yields an increase of 2.06 % compared to a year earlier, shows a decrease of 2.76 % from the previous quarter and is the second lowest quarterly volume purchases of the last nine years.

Of the total volume of transactions, more than half ( 55.3 %) were resale properties and new homes 44.6%, while the latter experienced an increase of 4.35% from the previous quarter.

As for foreign demand, the British maintained the first position with 14.75% of the total, followed by French (11.45% ), Russians ( 9.35% ), Belgium (7.25 %), German ( 6.94% ), Sweden ( 5.87% ), Norway (5.15 %) and Italian (3.64 %).

Unemployment in Spain down

11:13 AM · Comments Off · Categories: News from Marbella Costa del Sol · Tags: down, spain, unemployment

The amount of people unemployed in Spain fell by 2,475 in November from the previous month. It is the first time a decline has been registered of falling unemployment in November, the ministry of employment says this is the first this has occurred, the total number of unemployed stood at 4,808,908 at the end of November.

Unemployment has dropped in Spain in November

In the last year, registered unemployment has fallen by 98,909 people.