According to the latest reports from notaries and the property registry the Cabanyal is no longer the hidden jewel it has been for the last few years. People are actually finding it. A report in Las Provincias newspaper lays out the full picture. Over 400 foreign buyers have bought propertyContinue reading
Years ago we expected it, madness is contagious and everyone caught the bug. These days it is rarer but this week we have had a case of madness of the highest order, the very highest order in fact. What am I talking about? House prices of course. Just a littleContinue reading
It has been over 40 degrees which is very unusual but it looks like it will be ten degrees less tomorrow which is when the practice starts for the Valencia Grand Prix. Who will win this year? Well whoever gets to the first corner first probably 😉 Let’s hope we at least have a Mark Webber moment to liven things up. The point of all this of course is that this is the last year when Valencia will have a Grand Prix every year. In future it will take turns with Barcelona.
However this shouldn’t effect the real estate market in the Cabanyal area of Valencia as it has fallen a long way on the back of broken promises to gentrify the area and extend Blasco Ibañez Avenue down to the beach.
Banks in Spain are a homogenous bunch usually. They don’t compete too much on concession of mortgages although if you are a “good” client they might well give you maybe 0.25% less on your mortgage rate as long as you sign up for their insurance, credit cards etc…
Well you got it first if you were on our Facebook page a couple of weeks back but now it is here for the rest of you who don’t use Facebook. The Valencia Property end of year report can be downloaded here.
So how far will prices fall in the housing market? Estimates of the UK market this year vary but about 15% would seem to be the average. However where is the bottoming out point of house prices in the UK and elsewhere? As prices fall the possibility for first timeContinue reading