Spanish house prices 2015 see rise highest rise 2007 crash , stabilisation of housing market, idealista.com

The ongoing uncertainty about Spain’s political future is doing additional damage to the Spanish stock market, which is already under the same kind of duress as other European bourses because of concerns about a global slowdown.

With inconclusive elections held on December 20th and no functioning executive in sight yet, “the uncertainty surrounding the formation of a government” is the greatest risk to the Spanish economy, according to the European Commission.

Investors fear a new global slowdown caused by the Great Recession, whose effects are now focused on the emerging nations

Though analysts and economists agree that global problems are weighing more heavily than domestic ones on the Spanish markets.

Still, the blue-chip Ibex 35 ended 2015 with the worst performance in Europe, losing 7.1% of its value. And so far in 2016, it has yielded nearly 15%, although other exchanges in the continent have not fared much better.

On a brighter side ,Spanish housing sales rose 11.1 percent in 2015 from a year earlier, official data showed on Wednesday, the sharpest rise since the property bubble burst in 2008 when sales dropped almost 30 percent.

The total number of homes sold in 2015 was 354,132, almost half that sold in the year before the crash, with 775,300 houses sold in 2007.

The number of houses sold in December rose 6.8 percent from the same month a year earlier to 27,625, the National Statistics.

The number of sales registered throughout 2015 increased by 11.1% over the previous year to a total of 354,100 operations, it's highest since 2011, the National Statistics Institute (INE) of Spain. It also had the largest yearly rebound in eight years and a rise well above 2% in 2014, when 319,389 property transactions were recorded. In addition, 2015 indicates the best figure of the last four years, a large part attributed to the sustained momentum of the resale market / second hand market.

During the period of the recession, the worst year for housing transactions were 2009 and 2008, where a 25.1% and 28.8%, drop was noted.

In 2012 and 2011, double-digit declines (-11.5% and -18.1%) were still recorded, while in 2013 the decline slowed to 1.9% by the end of the tax year, for buying homes.

It was not until 2014 when there was a glimpse the light, at the end of the tunnel.

The sale of homes has accelerated in the last twelve months in a context of lower prices and greater access to finance, although expert believe the correction has settled, last year and expect slight price increases in the future.

Resales increased

There was a strong rise, in the number of registered purchased properties, during 2015 in particular due to resale of flats, which jumped 37.2% to 276,300 transactions. By contrast, transactions on new homes fell 33.7% last year to add 77,865.

89.8% of homes passed by sales last year were private residential housing and 10.2% social VPO. In total, the sale of private residential housing rose 11.1% in 2015, while social housing operations were up 10.8% to 36,077 transactions, after several years of decline.

Fernando Encinar, head of research at idealista.com , Spain's largest property portal, "statistics confirm the right path taken by the sector during the last year, surpassing the milestone of 350,000 units sold. However, although the rate has increased by 11.1%, the number of completed transactions is similar to that recorded in 2011 and 54% lower than in the peak of the bubble in 2007, confirming that we are in a process of stabilisation of the market rather than at the beginning of a new bubble. "Unlike rightmove and zoopla idelaista includes listings from private sellers and estate agents.

Advice taking photos with your mobile from idealista.com app

Idealista.com obtains revenue through four main streams:

Publication of the property for sale (65%).

listings includes private sellers and estate agents.

third party Advertising (20%).

Sales of specific services for advertisers (virtual tour) (10%).

Technology developments (5%).

The company has property listings all over Spain ,as well as offering services in Italy and Portugal.

Having lived and sold property in Spain , I feel their maybe a twinkling improvement, though volatility of markets with euro exchange rates being key deciding factors for buyers,over coming months, not forgetting the EU referendum.

From a recent survey in Brits favour bricks and mortar ,as the best long term investment , from data released from

housing the statics registry, showing the third quarter of last 2015 brits were the top nationality, buying property ,on the Iberian peninsular.