Spain’s markets are in a fix, and there seems to be no creditable solution in sight. In fact, there is no credit. Lending activity in the country has slowed down dramatically, having experienced its greatest fall this year (a record 2.64% decline till September). The property markets gone bust, and looks to have taken all the air out of Europe’s fourth largest economy. Borrowers keep defaulting, and homes foreclosing. The only thing that’s left soaring here is the national unemployment rate (22.6% at present vs. 7.9% in summer 2009).
Posts Tagged ‘european property market’
Spanish Banks UNABLE to Sell Toxic Real Estate Assets
by K.Campbell-Overseas-Property-Mall on Thursday, November 24th, 2011 in European Property, Spanish Property
Poland Proving to be Dark Horse of European Property Investment
by Overseas Property Mall on Tuesday, January 19th, 2010 in European Property, Poland Property
It has become apparent that Poland is a bit of a dark horse in terms of investment potential. At the opening of 2009 I remember reading reports that said Romania, Czech Republic, Bulgaria and Poland were looking likely to avoid recession in 2009. Since then all but one of those have fallen into terrible recessions, the odd one out is Poland.
International Property News Beat – Al Capone’s Home, Canada on the Up & European Property
by Overseas Property Mall on Tuesday, April 21st, 2009 in Property News Summaries
- Luring property buyers online through Twitter [WNCT]
- Investment in European property falls 30% in the first quarter [Property Week]
- Canadian real estate resales up in March [UPI]
- Economists hail first green shoots in UK housing market [Telegraph]
- Côte d’Azur feels the pinch as Brits abroad sell up [The Guardian]
- Al Capone’s Chicago Home for Sale [Zillow Blog]
- Hong Kong’s Property Market Upgraded at Goldman Sachs [Bloomberg]
- U.K. Property Slump Eases as Buyers Return, RICS Says [Bloomberg]
- Dubai amends property law in response to defaults [Arabian Business]
The Cream And Sham of Europe’s Property Markets
by OP-Mall on Thursday, September 18th, 2008 in European Property

Usually when things start to slow down in the European housing market, it is as a direct result of dynamics of the US economy. While not everything is doom in Europe with some countries actually progressing, many suffer on the bottom line.
The latest release of Knight Frank’s Global House Price Index shows some exciting and worrying facts about the European property market.
Markets like Spain and Ireland are hardest hit of all. Ireland especially has seen a dramatic downturn in property values with price drops of 7% last year after seeing some promising increases in 2006.
Is Greece Europe’s Forgotten Market?
by OP-Mall on Friday, July 25th, 2008 in Greece Property

A Marina community in the town of Naxos, Greece
Greek islands are well renowned for their sunshine, laid back lifestyle, great food and not to forget Greek folk songs. While other European markets approach a stand still, there appears to be an increasing number of rich Europeans buying luxury properties on the Greek islands.
With popular second home property hotspots like Bulgaria and Spain coming to a complete halt and Germany slowly but steadily rising, Greece appears to be surging on strong.
Lack Of Mortgage Approvals Falters UK Realtors
by OP-Mall on Wednesday, May 7th, 2008 in UK Property
Debtwire is an organisation that keeps an eye on the health of real estate agencies in the UK and according to their latest reports there is trouble brewing on the horizon.
The Telegraph posted an article yesterday that painted doom and gloom of the UK real estate affairs reporting that some 1,000 agencies had shut down countrywide since the start of this year. The report was based on Debtwire’s studies and indicates that since every Realtor employs an average of 4 people in their offices that would reflect a total job loss of 4,000 and numbers are expected to rise further for the remainder of 2008.





