More Spanish urbanisation plans suspected of insufficient water resources
Posted on October 7, 2008 by Spanish Property News
Filed Under Environmental issues, New developments Spain | Leave a Comment
The Green MEP, David Hammerstein, has added several more Spanish urbanisations, in planning or under construction, to the list of urbanisations under investigation by the European Commission for not having sufficient water resources.
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CB Richard Ellis to auction properties at ‘2005 prices’ in response to slump
Posted on October 6, 2008 by Spanish Property News
Filed Under Spanish real estate news | Leave a Comment
With the Spanish property market in a coma, developers and their banking paymasters are having to be more creative about selling property. In an attempt to drum up a bit of interest, not to mention shift some properties, international property consultants CR Richard Ellis (CBRE) have announced that they are auctioning 190 properties at discounts of up to 32% in online auctions between now and early November.
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New Spanish mortgage lending falls by half
Posted on October 3, 2008 by Spanish Property News
Filed Under Mortgages | Leave a Comment
The total value of new Spanish mortgage lending in August was 4.5 billion Euros, down 47% on last year, according to the Bank of Spain.
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EU investigates water resources of Spanish new developments
Posted on October 2, 2008 by Spanish Property News
Filed Under Environmental issues | Leave a Comment
The European Commission is investigating more than 250 new housing projects and urbanisations in Spain that may not have sufficient water to meet the needs of residents, reveals Stavros Dimas, European Environmental Commissioner, in response to a recent parliamentary question by MEP David Hammerstein. The projects are located in located in Andalucia, Castilla-La Mancha, Murcia, and the Valencian Community.
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Big plans for lakeside hotel and 2nd golf course at Desert Springs, Almeria
Posted on October 2, 2008 by Spanish Property News
Filed Under Costa Almeria, New developments Spain, Publicity | Leave a Comment
Plans for a big new investment, announced in September, will mean a wider choice of holidays on offer at Desert Springs, Europe’s only international award-winning luxury family resort and championship desert golf course in the Almanzora region of Almeria in south-east Spain.
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Planning approvals fall 58% in first 7 months
Posted on October 1, 2008 by Spanish Property News
Filed Under Construction sector | Leave a Comment
Planning approvals fell 58%, to 188,046 units, in the first 7 months of the year, according to the Ministry of Housing.
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New Spanish house-price index gets off to dubious start
Posted on October 1, 2008 by Mark
Filed Under spanish property prices | Leave a Comment
Despite an unprecedented collapse in the Spanish property market, not to mention a monumental property glut that makes America’s housing overhang look trivial, Spanish property prices fell by just 0.3% over 12 months to the end of the second quarter, if you believe a house price index just launched by Spain’s National Institute of Statistics (INE).
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Financial smash-up drives Euribor higher
Posted on October 1, 2008 by Spanish Property News
Filed Under Euribor | Leave a Comment
Forecasts that 12-month Euribor, the interest rate normally used to calculate mortgage payments in Spain, would to start drifting downwards in the second half of the year have proved to be wide of the mark. After falling slightly in August, September’s financial smash-up in the credit and equity markets made Euribor – the rate at which banks lend to each other – turn around and bolt upwards sharply. It finished September at 5.384%, just short of its all time high of 5.393% in July.
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Valencian developer to pay buyers 3 million Euros in compensation for misleading marketing
Posted on September 30, 2008 by Spanish Property News
Filed Under Developers spain | Leave a Comment
A judge in Valencia has odered a local developer to pay 49 clients a total of close to 3 million Euros in compensation for misleading marketing. It is a decision that could set a precedent for buyers who feel they have been mislead by their developers.
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Spanish property sales fall by 26% in July
Posted on September 30, 2008 by Spanish Property News
Filed Under Property market | Leave a Comment
The number of Spanish properties sold in July fell by an annualised 26%, to 46,467, according to the latest figures from Spain’s National Institute of Statistics (INE). Based on figures from the same source, sales fell by 30% in June, and 34% in May, suggesting that the rate of decline in sales is starting to slow.
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