Posted June 22, 2015 & filed under luxury properties in marbella marbella estate agent marbella luxury property news spanish real estate news -and- lifestyle
The Spanish Property Market is on the Recovery
Sabadell bank has sold in the first six months of 2013, 7,747 homes, 56% higher than the same period last year. The company says it has raised the price of 12 developments between January and June. A big percentage of the property sold was in Valencia, with 15% increase over the initial price. Another thing to note is that 70% of sales are made without any Spanish funding.
Sabadell banks real estate division, said that since last May 1st, when you publish a property on the web and during the first five days, two or more clients have bid for the advertised price and they are called to an auction before a notary, indicating that 13% of home sales was notarized via auction and the sale price through this medium rose by 18.3% on average.On the other hand, Sabadell bank sold 183% more real estate to foreign buyers, accounting for 10% of total boasts. Their new advertising campaign “why dream if you can buy” has encourage a waiting list of over 1,750 potential buyers, regarding the results as a whole, the company posted a net profit of 123.4 million euros, 37% more than a year ago, after any generic provisions and coverage for a total of 1,073.3 million euros the end of the first six months of the year, total assets of bank Sabadell and his group reach 170,751.3 million euros, up by 2.5% over the same date last year...
In recent weeks the new bank Sareb, has been pushing to sell more properties from financial institutions intervened. Until mid-July has sold 1,800 properties for 137 million euros, which added another 25 million from the rental market. The latest available data until May, indicated that the bank sold more than 700 properties, which in two months has more than doubled sales.
The real estate agents and financial institutions are the most active in the sale of homes. The factors that are making home sales to increase in the last months are:
This stepped up of their commercial activity has led to mid-July overcome the 1,800 properties sold to private (homes, garages, offices, storage rooms, floor, etc..). Until July sareb grossed nearly 900 million euros, mostly from the management of financial assets (loans and loans to the developer) and accounting for 80% of its portfolio. From the sale of property obtained 137 million euros, which will add another 25 million euros from the rental market.
In addition to the sale of properties to end users or individual buyers, which has grown exponentially since it began operating in March, Sareb has been pushing other sales channels, and will soon award its first portfolio to various wholesale groups.
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