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Real Estate Analysis for Spain
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| Words: 8000
| Submitted: Sun Apr 20 2008
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Kingdom Of SPAIN A Real Estate Market Analysis BY TABLE OF CONTENTS Demographics and Statistics.................................................................3 Economic Development........................................................................4 European Market Union (EMU) SPAIN Real Estate Market...............................................................................8 Demand Supply Ownership Tax System ........................................................................................11 Zoning & Planning..............................................................................15 Insurance..........................................................................................16 Lease & Contracts..............................................................................16 Eviction Process.................................................................................17 MLS System.......................................................................................19 Licensing Requirements and Process for Real Estate Professionals.........20 Responsibility of Sales Person & Brokers.............................................20 Mortgage Financing............................................................................21 Structure & The Originators Funding Methods Mortgage Types Qualifications to Get a Mortgage: Domestic vs. Foreign Investors REITS & The Secondary Mortgage Market.............................................23 Property Management.........................................................................23 Commercial Development & Construction of New Property.....................24 Table Appendix...................................................................................26 References & Endnotes.....................................................................28 Demographics and Statistics1 EUROPEAN MARKET UNION (EMU) To better understand Spain's economic conditions and its real Estate sector, we would need to explore the aggregate European Real Estate Market to establish a base for comparison since Spain is part of the European Market Union (EMU). Many European housing markets have seen rapidly rising prices in the last ten years. If we look at the graph to the left, Strong House Price...
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