New heat on the Spanish real estate market!

October 17, 2010 at 3:01 pm Leave a comment

Ok, so apparently there’s new heat on the Spanish real estate market. This increase in sales is due to the fact that the tax deduction will disappear in  January 2011. The proximity of December 31, the date on which the Government announced that buyers with incomes above 24 100 Euros  a year will not be granted tax relief for purchase of flat. Something is moving on the real estate market, but no one is confident that these shocks announce a real estate market recovery.

Financial institutions are the protagonists of this phase of the cycle: they take more supply than anyone else and sell more than anyone. The reason is that banks and banks have more ability to lower prices than the promoters, who can only reach the value of your mortgage and also have the key for people to buy: financing.

So, buy now or wait until prices drop lower? Experts are saying that this is the time to check out the offers, present aggresive prices and if you are not accepted, you need to wait. Even if statistics are sometimes opposing, it’s important that we know that there is some movement on the real estate market.

Find more details here


Entry filed under: Housing, Kinos, News, Real estate. Tags: , , , , , , , .

Influences in the process of buying real estate RBS wants to discard home loans linked to the Spanish property sector

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

Trackback this post  |  Subscribe to the comments via RSS Feed

Like us on Facebook!

Share this page on Tuenti

Kinos Group


Error: Twitter did not respond. Please wait a few minutes and refresh this page.

Kinos Group on LinkedIn

International Property Listings

Videos of our properties

%d bloggers like this: