Archive for European Property News

Quarterly Profits of BBVA Face Slump despite Real Estate Recovery

Quarterly Profits of BBVA Face Slump despite Real Estate Recovery

November 9, 2012 No Comments

Spain’s second largest bank – BBVA (Banco Bilbao Vizcaya Argentaria) revealed that profits in the third quarter of 2012 dropped over 80 per cent as toxic property assets were continually purged. Net income fell to under 150 million Euros from over 800 million Euros during the past twelve months, BBVA revealed in a filing. According […]

Spanish Banks in Trouble

Spanish Banks in Trouble

October 23, 2012 No Comments

The Bank of Spain published data which revealed that the total lending proportion of bad loans increased to 10.5 per cent in the month of August 2012. The figure was already at 10.1 per cent in the previous month as loans worth 9.3 billion Euros were classified as defaulted. Spain’s growing liabilities have caused increasing […]

Rent Hikes in Portugal Affecting Locals

Rent Hikes in Portugal Affecting Locals

October 9, 2012 No Comments

Portugal is all set to scrap one of its government’s most fundamental social and economic reforms that have been in force since the country was in need of a 78 billion Euro bailout in 2011, when Europe’s financial turmoil had its effect on the Portuguese economy. Critics believe that the anticipated hikes in rent from […]

Investing in Real Estate in France

Investing in Real Estate in France

September 6, 2012 No Comments

Europe’s real estate condition is always changing. Sales see unimaginable highs and drastic lows in a matter of months, but that doesn’t mean that people all around the world are backing away from investing in property on the continent. One of the countries that everyone right now seems to be interested in is France. There’s […]

Euro Zone is Expected to Stay According to Investors in Real Estate

Euro Zone is Expected to Stay According to Investors in Real Estate

August 24, 2012 No Comments

The financial crisis in Europe has pressed the real estate industry to consider a variety of scenarios. The scepticism surrounding the consequences of the crisis for real estate markets in Europe continues to rise, even though a majority of investors in European properties expect the economy to recover. Union Investment’s findings revealed that 172 investors […]

Bond Auction Sees Spain Pay Lower Rates

Bond Auction Sees Spain Pay Lower Rates

August 24, 2012 No Comments

Spain is in desperate need of finances, and a short-term arrears auction earlier in August, 2012 saw the country pay sharply lower rates of interest to raise 4.51 billion Euros. Speculation surrounding the country’s agreement to take assistance to help manage its finances is growing. The Treasury revealed that it sold 3.5 billion Euros in […]

Investors Buying Property Abroad as Prices Fall

Investors Buying Property Abroad as Prices Fall

July 31, 2012 No Comments

According to latest reports, European countries where real estate risk can be easily managed, have become hot destinations for property investments. At a DTZ webinar held recently, DTZ’s Associate Director of forecasting Matthew Hall said that while it is true that there is a lot of volatility in the real estate markets in many countries, […]

Spanish Property Market Seeing Increasing Demand

Spanish Property Market Seeing Increasing Demand

July 9, 2012 No Comments

The Spanish property market has seen an increase in demand from investors all over the world, especially Sweden. According to a report from the Real Estate Agency, requests about property in Spain increased by 58% in 2012 Q1, compared to 2011 Q1. Daniel Nilsson’s regional manager stated that a lot of interest for Spanish real […]

Bailout of $125 Billion to Revive Spanish Real Estate

Bailout of $125 Billion to Revive Spanish Real Estate

June 21, 2012 No Comments

Spain, one of the top destinations in the world for home owners, is in the process of receiving a bailout of over $100 billion that may pull its real estate market out of the slump. Although there are conflicting opinions of the bailout leading to a destabilization of the country’s economy, most financial advisors believe […]

Italian Real Estate Experiencing a Bottomless Fall

Italian Real Estate Experiencing a Bottomless Fall

June 21, 2012 No Comments

The real estate market in Italy is facing one of the biggest financial predicaments in recent history, says a new report. A European country with a diverse base of residents, Italy offers some of the most beautiful architecture in the world. But, the price dip has seen the value of homes as well as major […]

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Renting and Sales Face Steady Demand in Londons Prime Properties

Central London reported a steady resilient pace in its demand for renting and home sales, as per findings by...