Property prices down 15% say developers, but it may be just a start
After months of resolute denial that new build property prices might fall, Spain’s developers have done a u-turn, and now concede that prices are already down by 15%.
Builders warn that public works projects will not solve the crisis
The National Construction Federation (CNC) has warned that boosting public works projects will not be enough to solve the “real crisis” battering Spain’s construction sector.
Holiday rentals in Costa del Sol’s Malaga province feel the freeze
When the economic going gets tough, holiday budgets are often the first item in the household budget to suffer. Which explains why holiday rental apartments on the Costa del Sol are struggling to find bookings this year, according to a recent article in the Spanish press.
Valencian ‘land grab’ laws to be reviewed
After much criticism, and growing pressure from the European Parliament, the government of the Valencian Region has announced its intention to overhaul urban planning laws, including the infamous ‘land grab’ laws that allow developers to expropriate land from private owners.
Spanish planning approvals fall by 61% in Q1
Planning approvals – which, in Spain, means the number of new construction plans certified by registered architects – fell by 61% from 202,512 to 75,016 in the first quarter of the year compared to Q1 2007.
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