Sales of big developers down 74% in first quarter of the year
Posted on May 15, 2008
Filed Under Property market, Spanish property crash | Leave a Comment
Sales by Spain’s 7 biggest quoted developers are down 73.5% compared to last year, according to latest published accounts.
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Minister of housing confirms there will be no public bailout for Spanish developers
Posted on May 15, 2008
Filed Under Property market, Spanish property crash, developers spain | Leave a Comment
Beatriz Corredor, Spain’s new minister of housing, confirmed yesterday that there will be no public bailout for developers.
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America’s Cup likely to return to Valencia
Posted on May 15, 2008
Filed Under Valencia | Leave a Comment
The New York Supreme Court has ruled that the 33rd America’s Cup should be raced in 2009, not earlier as argued by Golden Gate Yacht Club represented by Larry Ellison’s BMW Oracle team.
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Spanish inflation down to 4.2% in April
Posted on May 15, 2008
Filed Under Spanish economy | Leave a Comment
Annual consumer price inflation fell to 4.2% in April, down from 4.5% in March, according to the latest figures from the National Institute of Statistics. This is the first time the annual inflation rate has fallen in 7 months.
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Moves to control holiday rentals on the Costa Blanca
Posted on May 15, 2008
Filed Under Costa Blanca, Holiday rentals Spain | Leave a Comment
The Costa Blanca holiday rentals association, and Angelica Such Ronda, the minister of tourism in Valencia’s regional government, appear to have agreed new measures to control the business of renting holiday apartment to tourists on the Costa Blanca.
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Further evidence of Spain’s property downturn
Posted on May 15, 2008
Filed Under Property market, Spanish property crash, developers spain, estate agents spain | Leave a Comment
Further evidence of Spain’s property downturn can be found in the first quarter results of Spain’s largest developers and constructors, not to mention the downsizing of one of Spain’s largest estate agents.
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Infamous developer Aifos gets off one hook onto another
Posted on May 14, 2008
Filed Under Marbella, developers spain | Leave a Comment
Aifos, the infamous Marbella-based Spanish developer, is being sued by at least 3 former clients for misselling rooms in the Guadalpin de Marbella hotel as private apartments, in contravention of Spanish law.
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Leading developers ask government for 40 billion Euros cash injection to ease housing market crisis
Posted on May 14, 2008
Filed Under Property market, Spanish property crash, developers spain | Leave a Comment
The G-14 association of leading Spanish developers has called on the government to inject an extra 40 billion Euros into the economy to stimulate the housing market and soften the “excessive downturn in the construction sector.”
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Spain’s property crisis puts municipal finances under pressure
Posted on May 14, 2008
Filed Under Property market, Spanish economy, Spanish property crash | Leave a Comment
Local authorities up and down the Spanish coast are heading into financial turbulence as muncipal revenues dry up with Spain’s property market slump. All property owners and residents will be affected, as town halls react by either putting up local taxes, cutting back on local services, or both.
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Spanish housing overhang continues to inflate
Posted on May 13, 2008
Filed Under Property market, Spanish property crash | Leave a Comment
A recent article in the Spanish daily El Pais shed some light on the problems besetting Spain’s property market.
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