Planning approvals fall 60% in first quarter

The news from the Spanish housing sector just gets worse. Earlier this week the National Institute of Statistics revealed that the property market shrank by close to 40% in March, and now we learn from the Ministry of Development that planning approvals fell by 60% in the first quarter of the year.

Spanish property market plunges 39% in March

The number of properties bought and sold in Spain during March was 39% lower than a year earlier, according to the National Institute of Statistics (INE). This provides further evidence that the Spanish property market is going into a deep slump.

What to do if your Spanish property developer goes bust

With the Spanish property market in a deep slump, the number of developers running out of cash grows by the day. Where does that people who have bought property from developers who go into administration?

Glut of new properties will take year and a half to clear

Given the real demand for housing in Spain, how long will it take for the overhang of newly built properties to sell, assuming prices were to fall to an accessible level, and banks were to open up the mortgage tap again?

Spanish property slump to destroy 75,000 construction sector jobs in Andalucia

The Spanish property slump will mean the loss of 75,000 construction jobs this year in Andalucia, according to the Andalucia Federation of Constructors and Developers (Fadeco). Fadeco warn that this could cause social problems, as many of those who will lose their jobs are immigrants with few resources to rely on when unemployed.

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