Segurcaixa Holding has bought the Nissan office tower on Plaza Cerdà in Barcelona for the sum of 18 million euros, according to industry sources.
The south tower is part of the complex of three office towers at Plaza Cerdà.
The office building is made up of 9,000 square meters making the price per square meter work out at 2,000 euros, well below other sales that have closed in the area this semester.
Torre Nissan in Barcelona
Latest figures from the Spanish property market reveal prices continue to decrease with an accumulated average decrease in price of 16.9%. Property sales have seen an accumulated drop of 56%.
Spanish Property Prices Still Decreasing
Property prices have seen a drop of 4.3 per cent in July compared to the same month in 2009.
The Spanish Property Market Index, published by Tinsa revealed how prices have seen accumulated drops of 16.9 per cent from their maximum in 2007 with the coastal areas having seen a drop of prices by 22 per cent, 17.9 per cent in urban areas and 17.4 per cent in the capital and other large cities. The Index reached 1908 points in June, just 0.4% down on the May figures, resulting in an average year on year price fall of 4 per cent.
Spanish Property Sales Increase 10.7% Compared to 2009
The sale of properties in Spain registered an increase of 10.7% in the first half of 2010 compared with the same period last year, according to data released Tuesday by the National Statistics Institute (INE).
The figures appear to signal relief, but the writer clearly points out the inherent dangers of blindly looking at statistics:
Property sales in June 2007 stood at a strong 66,670 dropping to 46,533 in June 2008. When comparing June 2007 (66,670) with June 2010 (37,297) a 56% drop in sales figures is revealed.
