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Standard and Poor’s (rating agency) has always rated the countries based on their economic conditions. They have rated Spain as AA, which states the country’s position standing between the remarkable and satisfactory grades. They have showed concerns about the conditions of Real Estate in Spain after the recent changes in the government arising from the General Elections of the country.

Another reliable agency named Fitch also gave AA rating to Spain. They have showed concerns about the retention of such grades after elections. They think Spain may receive lower grades in near future due to change in the political conditions of the country.

Both the companies were optimistic about the new reforms to be introduced by the new government. They showed their generosity in giving the ratings and expected the new government will bring things for the betterment of the Real Estate in Spain conditions.

Spanish People’s Party won the elections by majority of votes. They will certainly bring positive changes in the country. Spain has faced its worst times in history due to rise in unemployment, decrease of public financing affecting income taxes and miserable property markets. Standard and Poor’s was severely concerned about the Spain’s economic status.

Fitch will continue to keep an eye on the latest developments of the fiscal policies promised by the government. They will see whether the new power will bring in necessary changes in the fiscal area and maintain its proper usage for bettering the situation of Real Estate in Spain.

The agencies expect surprising reforms from the new government to give boost to the real estate sector. They will surely bring some attractive reforms to lure the potential foreign investors in the country. This will lower their debt in the Eurozone and make their economy become balanced.

El Mundo stated that the people belonging to the winning party never mentioned about fiscal policy change in the pre-election campaign. Standard and Poor’s expects the government under Mariano Rajoy will take moves to bring positive changes to Spain’s economy.

Standard and Poor’s always noted the situations of Spain. The serious conditions of the country have resulted from high amount of unemployment, low growth in the private sector, rigidity in the labor market, and high amount of debt from external banks and countries and lower level of confidence among the buyers. The country has gone through serious economic setback in recent times.

13^th October 2011 was the day when the Spain’s grade from Standard and Poor’s met a good remark due to fall in the debt percentage. A1 is the rating given by Moody’s rating agency on 18^th October 2011and AA rating is given by Fitch on 7^th October 2011.

More information and photos can be found at http://news.kyero.com/

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The Spanish People’s Party has come to rule the country at a distressful condition. They must strive to bring economic betterment after facing the worst conditions of the Spanish Real Estate.

Land-Grab scandals have become famous among the foreign investors. The new Housing Minister must make efforts to solve the crisis pertaining to such scandal. Planning commissions have been installed, compensatory claims have been encouraged and householders charging the regional mayors and authorities have been seen in recent times. Such occurrences have made the foreign investors and the residents of Spain feel confident about investing in Spanish Real Estate.

Many people of Spain have called the People’s Party of Spain as “Property Party”. Most people being in charge of the real estate have made unjust use of powers in the past. They have now come to power in official terms. People are concerned that such corrupted officials will make the property conditions worse under their rule.

The previous socialist government did not act orderly to manage the situation of the property market by bringing in new reforms. The officials did a foolish job by accusing the foreign investors responsible for the Land-Grab scandal. The British firm “Abusos Urbanisticos Almanzora” showed grievance against such bad statement from the Spanish official. This act has made the foreign investors shy away from showing interest in Spanish Real Estate.

The present officials in charge of the property sector have loads of responsibilities on their shoulders. They will have to prove their potential by bringing a settlement between the dispute homeowners and the legal firms. The entire property law will be rearranged and everyone has to follow the rules rigidly to make the reforms work in full swing. The mayors, developers, banks and planning officials must work in harmony to bring the situation under control.

A real estate professional from Valencia region stated things would change for the better in the economic condition of Spain. He believes that sticking to the rules and regulations of the housing reforms will make the real estate situation look good. It will create 3 million jobs and will bring billions of revenue from the taxes.

Land-Grab scandal had engulfed the Valencia region completely. The officials doing unfair acts in the property-oriented matters were put behind bars. Thousands of homeowners faced severe consequences due to such illegal acts. Many of their homes were destroyed and taken away even though they followed the planning commission specifications. They were not replenished with money or other solution. The cunning mayors joined hands with the developers to take away the rural properties to make the areas developed. The property laws were manipulated to meet their needs. The distressful situations have aroused due to such happenings. Many houses are lying empty without attracting any buyer at all. Repossession is also not an option here due to lack of buyers.

Junta de Andalusia and Almanzora areas are the badly affected areas. About 12, 697 properties are announced illegal because of lack of electricity lines and water connections. The Spanish law has not yet allowed the homeowners with the staying order in those homes.

PropertyInSpain.Net has given warnings of such situations in June 2005 to homebuyers interested in Spanish Real Estate. The huge popularity of the areas during that time had fetched British buyers. The developers did not attain sufficient permission for construction and the banks also did not guarantee for the construction.

PropertyInSpain.Net spokesperson had announced warning signals in the Internet to the International buyers regarding the illegal construction in Almanzora region. But the buyers showed extreme urge to invest in the Spanish real estate during that time. They said that the researches conducted by them showed everything was legal and clear. The agency had to notify through a special letter from Diputacion de Almeria to make the buyers believe the intensity of the situation.

The present government of Spain ruled Spain during its prosperity times. They had brought immense changes to the rural people and their property health. They will once again strive to bring in some useful funds from European Development Funds for the betterment of the rural areas of Spanish Real Estate. The countries already under economic threat within European Union are Italy, Portugal, Greece and Ireland.

More information and photos can be found at http://www.propertyinspain.net

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The Spanish government has announced the latest reports of new construction projects. According to the news, 20 percent fall in the construction projects is observed in the third quarter of 2010 in comparison to figures of the last year. 25 percent fall in the building projects is noticed from the last month’s records.

The number of new constructions of property in Spain was 13,377 in 2010 and about 42,490 projects were completed. The completion figure remained half of the number attained last year. 35.5 percent lesser achievement is seen from the last quarter.

Records of the last 12 months show about 69,194 projects have been started and 246,331 projects were completed. The decrease in year on year percentage of the startup projects was 31 percent and completion projects decreased by 34 percent every year.

Less number of construction ventures in the last year brought good news for the home buyers. The existing unsold homes already suffered 70 percent price cuts. More bargaining possibility for buyers will now be open.

Consultants RR de Acuna and Asociados reviewed the present situation of property in Spain and suggested that another 4 years are required to sell out the unsold 1.5 million homes in Spain.

More information and photos can be found at http://www.aplaceinthesun.com

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Spanish Property Insight has released reports on the mortgage issues of Euribor and Spain’s mortgage status. The reports states that the people buying properties in the present bad situation of Spanish real estate will need to pay more mortgage rates. This will result in further fall of prices of homes. Buyers will now bargain for lesser rates of the houses.

Euribor refers to the interest rate for repaying the mortgage amount. Serious 2.2 percent fall of Euribor is noticed from the month of November to December. The November value was 1.541 percent and the December value was 1.507 percent. About 21 percent increase has taken place from the same time in 2009. The repayment amount of Spanish mortgage worth 128,000 GBP is expected to increase 200 GBP every year for 25 years. The Euribor percentage of 0.5 percent is making the repayment value more.

This alarming rise in the mortgage rates has restricted the issuance of further mortgage to new properties available in the market for buying.

INE released reports of mortgage rates.  The home loans issued in October was 39,542. The lending came down by 24 percent on year to year basis. 25 percent fall was noticed from the September month of the same year.

The property expert Mark Stucklin noticed the lending drop for consecutive six months in a row. According to his views this tendency is not good for the Spanish real estate. The fall in mortgage lending started from July. The month of September showed about 16 percent fall. The home loans approved in October for a home was 111,368 EUR equivalent to 95,295 GBP. The amount was 12 percent less in 12 months time. Issuance of loan in September was 6.8 percent more.

Application for small amount of home loans indicates the future falling of prices of real estate.

More information and photos can be found at http://www.aplaceinthesun.com

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According to a reliable real estate firm idealista.com, Spanish real estate market is fell down as home owner are accepting the lower price offered by foreign buyers . They are selling about 20 percent less price than the general market price.

Prices of real estate have been reduced due to excessive amount of houses remaining unsold in the market. Home owners are ready to further decrease the prices. They fear that worse situations may come and the homes will not get buyers. Situations are showing bad turns in the seaside regions. Builders had built plenty of homes in beaches previously without understanding this severe times would come.

About 20 percent of the total properties in Spain are lying vacant. This score is very discouraging in comparison to other European Nations.

Spanish real estate market has enjoyed its good times in 2007. Since that year there has been considerable loss. Now further 50 percent lowering of prices are seen. The Housing Minister, Beatriz Corredor is now feeling the necessity to request the British to invest in Spanish real estate sector. His words are doing well to Spain.

Rapid price cuts are leading to the increasing signs of buying activities.

More information and photos can be found at http://www.aplaceinthesun.com

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Public Works Ministry have seen significant 14.5 percent increase in sales in the Balearic region of Spain. The figures of 2010 was definitely positive than 2009.

The previous three years was disastrous for the real estate in Spain. Only 5.9 percent year-to-year increase in sales was identified by the property experts. The value of sold homes in Balearic region surprised many people constantly dealing with property.

Government records show that about 491,000 homes were sold in 2010. The Balearic Islands named Ibiza, Menorca, Majorca and Formentera had 10,860 properties sold during this demand period.

The sales and marketing director of “Taylor Wimpey de Espana”, Ignacio Osle commented that the Majorca region in Balearic Islands showed wide yearning for homes. Majorca is the largest beach and has plenty of sporting activities. It has lovely sandy beaches, coves, architectural beauty and traditional culture. Lots of entertainment options are in store in this island.

Real estate in Spain mainly in Majorca region has always attracted British buyers. They have large interest in this part of Spanish beauty.

Foreigners are very inclined towards buying a holiday homes in Majorca region. The rates start from 143,900 Euros which is equivalent to 124,500 GBP. Mediterranean beaches always call people living in cold countries.

More information and photos can be found at http://www.aplaceinthesun.com

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Spanish press has released reports showing the Spanish real estate market in Cost Blanca region is low because of 50 percent less homes being built there.

Approvals were not given for home making in Costa Blanca region because there remained many unsold homes. The main aim is to clear out the existing homes at fast pace.

According to estimated reports of Alicante College of Technical Architect the housing projects in the last year was only 1900. The peak years had about 50,000 housing projects.

Continuous fall in price of homes is detected in Costa Blanca region because of rapid fall in home demands. The unsold homes need to be purchased to bring property growth in the area. It will take some time to restore the situation in this region.

La Verdad is Spanish newspaper publishing very unfortunate reports of Spanish real estate market. Redoven or Rafal area shows no home building projects. Only 11 homes are built in the popular Denia region in Alicante.

Alicante and Costa Blanca suffered maximum in respect to new home projects. International buyers can only bring relief to their sad condition.

More information and photos can be found at http://www.aplaceinthesun.com

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October month of 2010 did not bring lot of good news to real estate in Spain. November however, showed some positive features. Though a 20 percent increase has been observed in month to month record, 8.6 percent fall is noticed from the sales of the previous year.

28,732 homes were sold in November 2010. 15,957 homes were brand new and 16,789 homes were resold. Records of property in Spain released the above details.

Mark Stucklin is a property expert keeping complete note of the situations occurring in Spanish real estate market. He remarked that these figures showed the worst conditions of property. This absolute downtrodden situation will mark the coming of prospective season. Spain has experienced the most critical condition in real estate market.

Slight recovery was achieved in the first few months of the present year. The hype cannot be maintained because of VAT increase and continued presence of bad economic condition.

Spain will always remain a hotspot for second home buyers. British people can never show disregard to property in Spain.

Barcelona region always attracts buyers. The Spanish capital fetches 31 percent increase in home sales every year. The badly affected zones are Malaga, Murcia and Almeria.

More information and photos can be found at http://www.aplaceinthesun.com

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Catalunya Caixa Bank released reports showing that the holiday resorts are built in enormous rate in Spain. The limit reached about 85 percent causing excessive lowering of property value in Spain. The supply of homes has increased in comparison to demand.

Real estate in Spain is mostly falling empty in the seaside regions. The people of cold countries prefer buying homes in sunny places. The builders have built about 1 million homes in and around Madrid, Castilla y Leon and other parts. Absolute emptiness in demand has caused deterioration in the condition of buying real estate in Spain.

This situation of property buying will remain like this for some years. It will take some time to restore the demand once again. Holiday resorts of Spain have been sensationally hit at one point of time but economic recession has lowered the craving of buyers.

Properties in Spain have become very reasonable now. Buyers can make the best from this. Investment made during this time will be highly recommendable. Great deals are been provided. People must grab such good opportunities without send thought. Repossession is becoming common phenomenon.

Marked price fall about 70 percent is noticed since the year 2007.

More information and photos can be found at http://www.aplaceinthesun.com

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UNESCO has announced Mallorca’s mountainous region as a world heritage site in Paris. The mountain extends from the south west region of the Island to the North East. Serra de Tramuntana region in Mallorca has been designated as untouched region of the world. It will give the Spanish real estate high degree of appreciation.

UNESCO officials were engrossed in the beauty of Mallorca Island. The lovely mountains have been well carved by mankind. The freshness of the place will definitely appeal to many nature loving people. More and more people will feel the inclination to invest in such a wonderful place. The holidaying tourists will love the natural beauty and would love to spend some time in the peaceful environment.

According to the statement of the managing director of Spanish developer “Taylor Wimpey de España”, the world heritage announcement will fetch many more tourists to the place. Spanish real estate will undergo radical changes with more tourists getting attached to this culture oriented place of Serra de Tramuntana. The fascinating landscape will appall the nature lovers. The visiting tourists will slowly understand the richness of the regional culture and heritage. There are lots of things of interest in this particular place. The tourists will be involved in the new experience of Spanish culture. The friendly and welcoming atmosphere will astonish the visitors. They will show interest in buying homes in the serene neighborhood.

More information and photos can be found at http://www.aplaceinthesun.com

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