A comprehensive directory list of estate agents in Spain

Select a region such as Costa del Sol from the menu on the left and see lists of estate agents in that region.

You'll also find useful information on buying property in Spain and getting a Spanish mortgage.

You can get information on mortgages here.

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Latest news on the Spanish property market

May 2010 - Banks to undertake building Spanish homes

In a market which is already grossly over-supplied, several major Spanish banks have announced their intention to directly build even more homes. Santander, BBVA, Popular, Banesto, Bancaja and Caixa Catalunya have plans to build homes on repossessed sites. They believe that adding value to sites by building on them will make it easier to offload them. They may even offer 100% financing to prospective buyers. The banks believe they can achieve savings of up to 30% on building costs because of the depressed state of the building industry.

May 2010 - Twenty common mistakes when buying a Spanish home

Spanish financial analysis publication Cotizalia has compiled a list of the 20 most common errors purchasers make when buying a home in Spain. Anybody considering such a purchase would be well advised to bear these errors in mind before making the final step.
You can see this list by going to our mistakes when buying Spanish property page.

March 2010 - More statistics on housing collapse

Figures released by the Spanish government highlight the extent of the new buildings slump in Spain. A drop of 56% in the building of new homes in 2009 compared with 2008 is made even starker when compared with the 2007 figures which show a drop of an incredible 80%. Building commenced on just under 160,000 new homes in 2009, the lowest number since 1960.

February 2010 - Andalucian scheme to boost home sales

The government of Andalucía has now put online a website detailing its new scheme to boost house sales in the region. A spokeperson for the government estimated that there are currently 70,000 unsold homes in the region and the new scheme is designed to make buying these properties a more attractive and less risky undertaking.

The scheme invovles co-operation between the Andalucian governement, various financial institutions, real estate businesses and the Confederation of Andalucian Businesses. The scheme applies to first-time sales only either directly from the builder or from financial institutions or promotors who bought with the sole intention of re-selling. Properties must be situated in Andalucía with a maximimum registered value of 245,000 euros.

The scheme is initially confined to purchases up to 31 December 2010 (or up to end of April 2011 provided an application was received before 31 December 2010).

Under the scheme properties ar offered at discounts of 20% or more off the regular sales price and the banks involved will provide 100% mortgages to purchasers. This means would-be buyers will have the opportunity to purchase without needing to come up with a capital payment on the price (normally maximum mortgages would have been 80% of the value leaving the would-be buyer to come up with the other 20% as a down payment). However, the buyer will be liable to pay the VAT (IVA) on the price.

The minimum loan period is 9 years and the maximum is 30 years, and the interest rate will be the Euribor rate + 1%. Buyers may opt to have the rate fixed for part or all of the term. The loan is structured such that monthly repayments will be lower in the early years than later. Normal lending criteria will apply to applicants. Since no deposit is required, this effectively means applicants need only prove their ability to meet monthly repayments.

Full details of the scheme can be found at www.tuviviendaenandalucia.es (presently only in Spanish). The site also has several thousand properties for sale under the scheme.

February 2010 - Home sales in 2009 down on 2008 figures

According to the Spanish National Statistics Institute, just under 415,000 homes were sold in 2009 representing a fall of 24.9% compared to 2008. The sale of second-hand homes dropped by 29.1% and new homes by 20.6%. However, the sector was showing some signs of recovery towards the end of the year, and the figure for December is almost identical to that of December 2008. Sales of second-hand homes actually showed an increase in December compared to 2008, the second month in a row that 2009's figures were up on 2008.

January 2010 - Will property prices fall further?

While there is still strong debate about the actual level of price decreases for Spanish property, with estimates ranging from 15% to 40%, the recent exhibition of second-hand flats for sale organised by the Network of Real Estate Experts revealed that most would-be buyers at the exhibition feel that prices need to fall further.

In an analysis of visitors to the exhibition carried out by the journal "Five Days", the journal found that although there were queues all weekend from people interested in buying a home, a large majority left without buying and complained that prices remain too high. This perception would appear to be caused by a combination of difficulty raising funds, worry about the future and a belief that prices have not yet bottomed out even if the claim by some promoters of a drop in prices of 40% is true. Five Days concluded that regardless of whether cuts have reached 15% or 40%, it is obvious prices have not fallen enough to tempt the majority of would-be buyers.

Archived articles

November 2009 - Tax increases to affect property purchases
October 2009 - Decline in planning applications and property sales
June 2009 - Low property prices could cause tax headache for buyers
April 2009 - Property slump continues
February 2009 - Rates and prices down .. Landsbanski allegation .. Mortgage relief