The amount of property sale transactions during the 1st quarter of 2011 was 124,542. This is 33.9% increase —31,539 additional transactions— on the last quarter of 2010.

This data is part of the Land Registry Statistics and the Centre of Statistical Processes of the Land, Mercantile and Chattel Registrars Association of Spain.

The report issued by the Centre of Statistical Processes infers that this increase was caused by the IRPF (Income Tax) modifications to be enforced in 2011.

This could be the cause behind the high amount of sale transactions before the end of 2010, which was registered during the first months of 2011.

In the Region of Valencia alone, 15,356 transactions were registered: 6,653 took place in Alicante province, 6,625 in Valencia and 2,078 in Castellón. The province of Alicante is, in fact, the third province in Spain with the highest amount of registered transactions, only behind Madrid and Barcelona. All three provinces have increased the amount of transactions during the 1st quarter of 2011.

To read the full report, visit the website of the Registrars Association. Go to “Estadística Registral Inmobiliaria primer trimestre 2011”. The report is in Spanish.

• The work may begin this fall and the hotel, a reality in 2013.
• The Bay Hotel Phoenicia have 200 rooms and all the luxuries.
• A group which manages resorts in 23 countries developing.

We identified a luxury 5-star hotel, but as in the sky, more stars. Seven stars in the hotel, ‘resort’ say its advocates, that is to start building this fall in Almuñécar, Granada. Be the first 7-star hotel in Spain.
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Compared with 4.5% coming down on average in the euro area

The January decline is almost double that recorded in December (-22.8%).

It is the largest decline in the last twelve months.

Production in the construction sector in the euro countries fell 4.5% in January over the same month last year, a decline that was led by Spain, down 43.2%. These are data from the EU statistical office, Eurostat, which indicate that the decline of this sector in the first month of the year (-43.2%) almost double that recorded in December (-22.8%) and is the largest the last twelve months.

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The increase was observed in up to 29 provinces in total.
According to the College Registrar in 2010 there were 445,885 operations.
Lower the optimism and remember the influence of tax changes in 2010.

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The average price of second hand property in Spain stands at 2240 euros per square meter (€ / m2), representing a decrease of 0.6% on the price of January.In February, if you look at the evolution of prices in the last twelve months, the cumulative decline is 5.2%, compared to € 2,362 / m2 was recorded in February 2010 .

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The average price of second-hand homes for rent in Spain stood at 8.01 euros per square meter per month (€ / m2 per month), representing a decrease of -0.6% on the price of December (8.05 € / m2 per month). Are data for the month of January fotocasa.es property portal. Since registering the maximum value of the rent in Spain (10,12 € / m2 per month in May 2007) prices have fallen by 20.9%.

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Spanish Prime Minister Jose Luis Rodriguez Zapatero’s moves to overhaul banks while changing rules on labor, pension and wages may do more to stem the debt crisis than European plans to reinforce its bailout fund. Zapatero’s cabinet plans to pass new rules for job seekers today, two weeks after approving a draft bill to raise the pension age.

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• It says a report from the Institute of Economic Studies in Alicante.
  
• The ‘stock’ of housing in the province of Alicante reaches 50,000.
  
• At the current pace of activity in 2014 did not meet the need of real estate.

The political and economic situation in countries bordering the Mediterranean, particularly Egypt, Tunisia and Greece, will result in increased demand for homes in the Costa Blanca, according to a report from the Institute of Economic Studies for the Province of Alicante (INECA).

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A Paramount Pictures theme park in Spain will boost real estate prices and give the nation’s real estate market an uplift, it is claimed.

The US giant’s first European theme park is to be built at Alhama de Murcia in Mazarron and is expected to attract up to three million tourists each year when it is completed.

The first phase covering 3.5 million square meters is expected to cost up to €60 million. Later phases will have hotels, services and commercial areas.

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• The biggest drop is on the Mediterranean coast, with a drop of 8.4%.
• In capitals and major cities, prices have fallen by 6.5%.

Falling house prices is more pronounced in the beginning of 2011. The average house price fell 5% in January compared to the same month of 2010. The index says Real Estate Appraisals (Tinsa), which stands at 19.6% cumulative fall in prices from their highs.The appraiser notes that after the removal of tax deductions from last December 31, 2011 starting with an increase in the “reset” price “to accommodate the new rules the market.” According Tinsa, the end of deductions (which only remain in the Basque Country, Navarra, Madrid and to a lesser extent-Valencia) generated a “reactivation atypical” of prices in the latter part of 2010.

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