Tag Archives: swedish

Spanish residential market sees sales and prices increase in June

Residential property sales in Spain increased by 19.4% in June compared with the same month in 2015, according to the latest data from the National Statistics Institute. Sales reached 36,856, the highest figure recorded since January of 2013, when a total of 39,920 transactions were registered and sales have now increased year on year for five months in a row. However, the data also shows that the June increase is lower than the figure recorded in May when home sales climbed by 23.6% year on year. A breakdown of the figures shows that sales of used homes increased by 24% year on year to 30,270 in June while sales of new homes increased by 2% to 6.586. There is also variation when it comes to location with more sales recorded in coastal areas. Andalucía recorded the most sales at 7,496, followed by Catalonia at 6,000, Madrid at 5,441 and Valencia at 5,012. Meanwhile, data from Tinsa, one of Spain’s leading appraisal companies, shows that the average property price increased by 1.5% in June, led by the larger cities with Barcelona, Madrid, and Valencia prices up by 3.6%. Prices are also increasing in areas that are popular with overseas buyers with growth of 1.8% in the Canary and Balearic Islands and a rise of 0.3% on the Mediterranean coast. The data also shows that over the first six months of the year prices are up 8.7% in the Balearics and Canaries and 3% in the bigger cities, but down 0.8% on the Mediterranean coast. Peak to present house prices across Spain are down 41% and down 48.5% on the coast but only 26.7% on the islands where land shortages and foreign demand have supported prices during the economic downturn. The recent decision by the UK to leave the European Union has raised concerns that British buyers might put off buying and now an interest rate cut has led to Sterling weakening, making Spanish property more expensive for buyers from the UK. But Martin Dell, director of Spanish property portal Kyero believes that prices still being well below peak should mean that British buyers are still attracted to Spain. ‘The market is also more diversified against UK risk than many imagine. British buyers form just 4% of national sales and with purchases by German, Dutch, Belgian and Swedish buyers growing particularly strongly this year, the Spanish property market recovery is unlikely to be heavily impacted,’ he pointed out. ‘The Brexit vote has undoubtedly created new opportunities in the market, with Spanish agents showing a fresh interest in finding other international buyers. Those that adapt quickest will steal market share. It's never the wrong time to find more buyers, regardless of how this pans out,’ he explained. ‘We have seen no reduction in buyer enquiries in the month following the referendum. We know Brits buy property in Spain for a variety of reasons and we think most will be largely unaffected by Brexit. However we do call… Continue reading

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RusForest Secures Financing For Wood Pellet Project In Russia

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Metso Signs For Swedish Biomass

[background=rgb(0, 128, 1) !important]23/09/2013[/background] Finnish company Metso is to supply a biomass-fired combined heat and power plant for Oskarshamn Energi in Sweden. The plant in the municipality of Oskarshamn will have a thermal output of 17.2MW for district heating, a process steam output of 4MW to local industry and an electrical output of 3.8MW. The project, which will use local forest residues such as bark and wood chips as fuel, is scheduled to go live in winter 2015 and the value of the contract has not been disclosed. “There is great interest in district heating and our customer base since 2007 has grown far beyond our expectations,” said Oskarshamn Energi managing director Jöns Wahlström. “This has meant that production has increased by 50% and that is one of the reasons that we now invest in a new power plant. When the new plant is commissioned almost 99% of district heating at Oskarshamn will be produced with renewable biofuels.” Metso will install patented BioGrate combustion technology and be responsible for training and commissioning. The plant automation will be based on Metso’s DNA technology and the company will also supply a flue gas condenser and ventilation system. “Metso has been working with Oskarshamn Energi for several years to find an optimal solution for their increasing demand to supply district heating,” said Metso sales director for power Mikael Barkar. Oskarshamn Energi is owned equally by Oskarshamn Municipality and Eon Sweden AB. Image: the plant will use wood chip and bark as fuel (Metso) Continue reading

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