Marbella to issue first occupation licences before urban plan is finally approved
The Marbella town council has decided to start issuing licences of first occupation (licencias de primera ocupación) before the town’s new urban master plan gets final approval. First occupancy licences will be granted to owners of Marbella properties that are expected to be legalised by the new urban plan (Plan General de Ordenación Urbana).
Spaniards have their say on Spain’s property market malaise
An online debate amongst readers at the website of ‘El Pais’ – Spain’s leading daily – provides some insight into what the Spanish think about the country’s property and mortgage crisis.
Holiday rentals on the Valencian Coast down by as much as 50% say agents
The economic crisis is taking its toll on holiday rentals in the Valencian Region, the Spanish daily ‘Levante’ reports. July and August occupancy rates of rental apartments on the Valencian coast, which includes the Costa Blanca, have fallen from 100% last year to as low as 50% in some cases this year.
Spanish property prices have fallen by 30% say estate agents
Spanish property prices have fallen by 30% since Spain’s economic downturn began last year, says Santiago Baena, president of the API real estate agents association (Colegios Oficiales de Agentes de la Propiedad Inmobiliaria).
Unemployment rises 81% in Murcia thanks to construction sector woes
The latest Spanish unemployment figures show a national rise of 35% in the number of unemployed, but in regions heavily dependent on residential construction, like Murcia, the rise has been far more dramatic, with unemployment almost doubling.
keep looking »
|
|
