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Senior analyst and strategist at HTBIS

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Summer Edition: Our top 5 UNESCO World Heritage Sites in Spain

STEPHANE — Mon, 28 Aug 2017 05:36:33 +0000

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Our top five UNESCO World Heritage Sites in Spain

With more than 40 places declared World Heritage by UNESCO, Spain occupies the third place of the podium in this classification behind China and Italy. Here is a summary of our top 5, of course, you should visit all those sites, not only this top five!

The Alhambra

Located in Granada, Andalusia, it was one of the first places declared a World Heritage Site in Spain. This palace was an Islamic Palatine city that belonged to the Nazari Kingdom. This kingdom occupied part of the south of Spain during almost all the Average Age until the Catholic kings culminated with the reconquest in 1492. Due to the great influx of visitors, the accesses to the Alhambra are limited, that is why it is recommended to book in advance. The ticket price is € 14.

The works of the architect Antoni Gaudí

The Sagrada Familia, Palau Güell, Casa Milà, Casa Batlló, Parc Güell and much more have been awarded the distinction of UNESCO. Barcelona is the city that houses the largest number of works by the Catalan architect, although you can also find some outside Catalonia such as Casa Botines de León, Castilla y León, or El Capricho de Comillas, Cantabria. Check this beautiful picture of the pilasters of the Sagrada Familia,… like trees in the forest.

The Escorial

Located a little more than 50km from Madrid by car, this monastery was built by Philip II (16th century) to bury the remains of his father, Charles V. The complex has several buildings that have served as the royal residence, Crafts and hospital workshops. In addition, it has a library containing more than 40,000 books among which are Latin codices, Arabic, Hebrew and Greek manuscripts. El Escorial is open from 10 to 6 in the afternoon from October to March, and from 10 to 8 in the afternoon from April to September. Admission costs € 10.

Historic Centre of Cordoba

One of the main cities of Andalusia, Cordoba has one of the most beautiful centres of the whole peninsula. The cathedral mosque is the most emblematic place of the city and an example of the different cultures that have inhabited in Spain throughout the centuries. In addition, right next to it is the Roman bridge, the Synagogue, the San Basilio neighbourhood, the Fortaleza Tower or the “Alcázar de Los Reyes Cristianos”. Most of these places open from 9 or 10 in the morning, and close between 3 and 8 in the afternoon, depending on the site and the time of year. Ticket prices range from € 4 to € 10.

Santiago de Compostela

The capital of Galicia, apart from hosting the end of the road to Santiago and which has recently been declared a World Heritage Site, has been a place of pilgrimage throughout the centuries and symbol of Christianity in Spain. In addition, its old town is one of the most beautiful urban areas of Europe with its Plaza del Obradoiro as its epicentre. The old town is very easy to walk and you can also eat some of the best Galician food delicatessens such as the Galician octopus.

Read more and find all the sites on our page: “10 reasons why you should buy in Spain” at the point 10.

Are you looking to book holidays in Spain? Read our interesting paper on that: Our best ideas for planning your holidays in Spain! Our top 2017 papers!

Enjoy those with the whole family, the howtobuyinSpain.com team!

Senior analyst and strategist at HTBIS

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23% more Spanish property transactions in May 2017

STEPHANE — Fri, 14 Jul 2017 05:01:45 +0000

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A yearly growth rate of 23% for Spanish property transactions

The”Instituto Nacional de Estadistica” just released the last number of transactions for the month of May 2017: 44 782 properties were sold. Compared to May 2016, it is an annual increase of 23%. This is by far the strongest month for the last year.

Of those 44 782 properties, 7 733 are newly-built homes.

Since January 2017, 166 093 properties were bought, i.e. a growth of 10% against 2016.

The three regions with the biggest growth rate in 2017 are:

Madrid with a growth rate of 25.8%
Asturias with a growth rate of 19%
and Extremadura with a growth rate of 16.7%

The regions with a negative growth rate in 2017 are:

Basque Country
La Rioja
Navarre
Region of Murcia
Castile and Leon

On a monthly basis: all the regions benefit from positive growth rate apart from Murcia and La Rioja.

The four biggest regions are: Andalusia, Catalonia, Madrid and the Valencian Community

Andalusia with 27 480 transactions and a yearly change of +11%
Catalonia with 24 869 transactions and a yearly change of +14%
The Valencian Community with 22 588 transactions and a yearly change of 11%
Madrid with 18 022 transactions and a yearly change of 26%

Together those 4 regions represent about 60% of the transactions!!!

With no surprises, the four biggest regions in term of transactions are Andalusia, Catalonia, Madrid and the Valencian Community. Andalusia and Catalonia represent 16.5% and 15% of the transactions. Madrid represents 11% and the Valencian Community represents 13.5% of the transactions. It is interesting to compare this with our infographics on where the foreigners are buying real estate in Spain, you will find that Andalusia is the second biggest area for foreigners while the Valencian Community is the biggest region and Catalonia is the third.

Foreigners are active as well with 14% of the transactions during the last twelve months up to March 2017. Have a look at the transaction history in Spain for both Spaniards and Foreigners:

History of Real estate transactions in Spain, Spaniards and Foreigners

Yearly data. Source: Ministerio de Fomento

Check our full report on Why should you buy a property in Spain in 2017?

Source: Instituto Nacional de Estadistica

Senior analyst and strategist at HTBIS

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Valladolid is getting more open to outside investors

STEPHANE — Mon, 12 Jun 2017 17:48:17 +0000

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Valladolid wants to be more open to the outside

Valladolid was the capital of Spain during 5 years in the XVII century. Although it was the capital for a very short time, this city has always been the city of the kings! Most of the Catholic Kings married there, and many of the Spanish Kings were born in Valladolid like Enrique IV, Felipe II, Felipe IV and Ana of Austria, who was the queen of France.

Today, Valladolid, the capital of the autonomous community of Castile and Leon, is a city known for its culture thanks to its museums (such as the Oriental or the Contemporary Art) or its house-museum of José Zorrilla, Colón and Cervantes.

Why Valladolid?

Located in the Iberian plateau, it has a continental climate, with relatively cold winters (its average temperature is about 6-7 degrees) and hot summers, with maximums above 30 degrees in the months of July and August, although with nights are colder and the temperatures can drop to 15 degrees.

The city has more than 60 days of rain (with some snow) and over 2,600 hours of sunshine a year. Valladolid is very well located: Madrid is about 200 km, the border with Portugal is very close and at about 100 km and in about two and a half hours you can reach the Cantabrian Sea and enjoy its beaches.

How is the real estate market?

The price per square meter in Valladolid is just above € 1,100. Although prices are at 2002 levels, the recovery of the sector continues. For example, in the last quarter of 2016 7 houses per day (both new and second-hand) were sold, which meant the sixth consecutive quarter of growth and the third best data since 2012.

The average value of housing in 2016 was € 162,000 for newly constructed free houses and € 100,000 for second-hand houses.

Chart comparing Valladolid to the Spanish Real Estate Market

Where to live in Valladolid?

In total there are a little more than 300,000 people living in Valladolid. It is a medium city that is easy to get to anywhere walking.

The centre is the best area to live if you like to live in the hustle and bustle of the city. In addition, most museums and other cultural sites are located in this area. This area also has supermarkets, restaurants, bars, hospitals, schools and shops.

If what you are looking for is a quiet area, Parquesol is a neighbourhood on the outskirts of the relatively new city with all basic services covered and connections to the city centre.

The southern part of the city is ideal for families with children, with numerous schools and parks that children can enjoy. In addition, this area is connected to the centre with numerous bus lines.

Getting around in Valladolid

The city has more than 20 urban and intercity bus lines. The airport of Valladolid has 5 regular services to Barcelona, Lanzarote, Gran Canaria, Mallorca and Tenerife. If you are looking for more destinations, Madrid Barajas Airport is 200 km away.

The capital of Spain and other cities of the country can be reached by road or motorway. Valladolid also connects with Madrid via the AVE, the Spanish high-speed train.

If you want to invest in the Spanish real estate market in Spain, don’t hesitate to read our special report with the 10+ reasons why you should have a look at the Spanish property market.

Do you want to check the yearly weather statistics in Valladolid before buying? Check our infographic on the yearly weather statistics of all the 18 biggest Spanish cities.

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Senior Journalist and writer at HTBIS

Raimon

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Sareb launches a new “Casas de estreno” campaign with 3716 properties on the market

STEPHANE — Mon, 22 May 2017 05:07:55 +0000

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Sareb launches a new edition of its “Casas de Estreno” campaign and put 3716 properties on the market

The campaign data are the following:

They will sell 3716
It will last 3 months
Properties are: Apartments & single-family homes
It is spread over 16 autonomous communities: Andalusia, Aragon, Asturias, Baleares, Canarias, Cantabria, Castilla y León, Castilla-La Mancha, Catalonia, Comunidad de Madrid, Comunidad Valenciana, Extremadura, Galicia, La Rioja, Murcia and Navarra.
650 properties located in the Mediterranean arc
Prices will range from 17,700 euros for a flat in Sayago (Zamora) to 394,417 euros for a 220 square meter villa in Das (Girona).

Distribution in the regions with the highest concentration of assets:

the Region of Valencia is the region with the largest offer, with 816 units for sale. Alicante is the first region by the number of assets in the Community (359) and also hosts the cheapest in this community: a promotion of four tourist apartments in Mutxamel, each available for 26,300 euros.
Castilla-La Mancha is the second region by a number of assets on sale this campaign.Of the 666 units offered, half are located in Toledo. The most economic price of this region is in Burujón (Toledo) and corresponds to a floor of 63 square meters.
Andalusia contributes 537 homes to the commercial initiative of Sareb.Almería is the province that has a greater offer (201). It is also where the most economic asset of the region is found. A promotion of El Ejido has a floor of 62 square meters and a room, which goes to the market for 30,000 euros.
In Castilla y León are located 474 homes.Half of the offer is concentrated in Valladolid, due to a large promotion in Arroyo de la Encomienda. Meanwhile, in Sayago, Zamora province, the cheapest apartment of the entire campaign (17,700 euros) is located.
Murcia has an offer of 244 homes, with prices ranging from 33,000 euros for a flat in Torre Pacheco to 269,000 euros for a home in Murcia capital.
Of the total of 227 homes that go on sale in Galicia, 80% are distributed between A Coruña and Pontevedra.
The provinces of Gerona, Barcelona and Tarragona are almost equally distributed almost all of the 168 assets located in Catalonia that enter the Sareb campaign.
Cantabria has 141 homes priced between 50,500 euros for a one-bedroom apartment in the municipality of Solares and about 316,897 euros for a three-family single-family residence in Ribamontán al Mar.
Badajoz concentrates most of the 100 homes that go on sale in Extremadura, due to the completion of major developments in the city of Badajoz, Alange and Mérida.
Of the 66 homes that go to the market in Madrid, the most economical is an apartment in Villalbilla that reaches a price of 58,000 euros.The most expensive is a four-storey townhouse in Colmenar Viejo, which is marketed for 339,006 euros.
In Aragon, there are 90 homes for sale, of which two-thirds are concentrated in a single residential development in Calatayud (Zaragoza), which also offers the most economical price of assets traded in the region: 67,300 euros for a two-room flat.
The cheapest housing of the 81 that go on sale in La Rioja is a flat of 44 square meters in Villamediana de Iregua, which is priced at 32,068 euros.The most expensive is a three bedroom apartment in Calahorra, for 171,300 euros.
A flat of 43 square meters in Oviedo – whose price stands at 65,800 euros – is located as the most economical housing of the 65 that are located in Asturias.On the other side, there are single-family houses in the municipality of Noriega with a price of 242,000 euros.
Almost all the homes that go to the market in the Canary Islands (28) are in a promotion of San Nicolás de Tolentino (Las Palmas), whose prices range from 33,000 to 80,000 euros.In Santa Cruz de Tenerife you can find 11 apartments, among which is the most expensive asset of those that go on sale in the Islands: 100,000 euros for a two bedroom apartment in the Las Rosas – Las Galletas area.

The details of all the houses included in the commercial initiative are available at www.SarebCasasDeEstreno.es. In this website, it is possible to consult the characteristics of each asset, its location and how to obtain more information.

The sale of the properties is carried out through Altamira Asset Management, Haya Real Estate, Servihabitat and Solvia, the four servicers in charge of management and commercialization of the assets of Sareb.

Have a look at our post listing all the bank portals listing bank properties for sale in Spain and here is our page of all those Spanish real estate bank portals.

Don’t forget, another big positive with those properties are that most of the time you can have a mortgage up to 100% of the value! Not bad.

For financial investors, here is how you could invest on Spanish bank repossessions without buying any yourself: “Are Spanish bank repossessions a good investment opportunity?”

Read the full press release in Spanish here.

Senior Analyst and Strategist at HTBIS