Country: Spain
30 June 2009
The volume of new mortgages approved in Spain in April dropped by 42% to 50,288, compared to the corresponding month in 2008, illustrating the extraordinary fall in demand for property in Spain, according to data compiled by the country’s National Institute of Statistics (INE).
On a monthly basis, new lending fell 4.1% between March and April, while the average value of a new residential mortgage has fallen by 18.4% to €115,442 (£98,324), possibly to reflect the fact that Spanish property prices have fallen, while buying budgets have unquestionably dropped.
The low new lending figures further demonstrates the weak nature of the Spain property market at the moment, with the country suffering from a stringent oversupply of vacant homes on the market.
INE’s figures suggest that the housing downturn in Spain may still have some way to go until the market eventually bottoms out.
The data further shows that the average mortgage interest rate agreed in April to buy a property in Spain was 4.7%, owed largely to low Euribor base rates.
Price: €68,000
Type: apartment
Bedrooms: 1
New apartment in the urbanisation of roquetas de mar, almeria. the property comprises of lounge/diner with american kitchen (not fitted), bedroom, bathroom and terrace overlooking the communal pool.
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Price: €69,000
Type: Apartment
Bedrooms: 4
Reformed apartment in Tabernas, Almeria.
Price: €69,500
Bedrooms: 2
fully furnished apartment situated in enix, with fitted american style kitchen, bathroom, 2 bedrooms and terrace. just a few minutes from the village and all amenities and 20 minutes from the coast and main shopping areas.220
Price: €70,000
Type: Village House
Recently refurbished village house in Picena in the Alpujarra mountains, good quality fittings throughout and fantastic views from the terrace.
A well situated, 1 bedroom apartment in the marina at Almerimar. This property is fully furnished and stands just 50m from beach and all amenities. Would benefit from a reform but has great rental potential.
This well presented ground floor apartment is located in the popular village of Formentera Del Segura, central to the villages of Rojales and Benijofar.
Price: €74,950
This spacious top floor apartment is located in the popular village of Daya nueva. The property makes up part of a small complex (25 properties), which share a communal pool and bathing space.
Price: €75,000
Type: bungalow
This well maintained ground floor bungalow is situated in Los Palcios boasting fantastic views of the countryside and being only a short walk from many amenities and the municipal pool.
Village house that has been renovated but still has some rooms to reform close to the village of Ugijar in Granada. The property has a new roof, new plumbing, and has been re-wired.
Brand new, 1 bedroom apartment in the Roquetas resort with community pool and garage space. Within walking distance of shops, bars, restaurants, tennis courts and beach.
Price: €275,000
Bedrooms: 2 - 1 ensuite
Fully furnished, gated complex, entry phone. Private terrace. Walking distance to beach. Good rental potential.
Price: €395,000
Bedrooms: 3
Beachfront. Gated complex. Marble floors, fitted kitchen, double glazing. Breathtaking views to Gibraltar.
Prices from: €724,500
Built on private plots every house is designed with open-plan living areas, which have direct access out onto covered and open terraces and private gardens with swimming pool.
Prices from: €355,000
Luxury townhouses in the centre of a world class, championship golf course.
Price: €270,000
Close to amenities, golf, tennis & schools. Walking distance to shops. Roof terrace, courtyard.
Price: €795,000
Estepona: Snooker room, cellar, fully furnished, gym, Jacuzzi. Luxury fittings. Quiet location, sea views.
