Spanish construction output falls 16% in June
Spanish construction sector activity fell by an annual 16% in June, according to the latest figures from Eurostat, the EU’s statistics office. Annual construction output in the EU as a whole fell by 1.8%, and by 2.4% in the Eurozone, revealing that Spain’s construction downturn is by far the most sever in the EU.
Planning problems in Torrevieja? Depends who you are
A fresh example of planning abuse has emerged in Torrevieja, this time involving alleged favouritism in the town planning office towards certain groups or people. The Green Party of Torrevieja has raised the alarm, reports the Spanish press.
Number of new homes in Spain keeps on rising
Demand for property in Spain may be collapsing, but the supply of new homes just keeps on rising, with construction completions increasing by 2.8% to 269,954 in the first 5 months of the year, according to figures from the Ministry of Development.
More buyers backing out and losing their deposits
The number of buyers backing out of purchases on new developments and losing their deposits in the process is creating a new headache for developers, reports the Spanish daily ‘El Pais’. As much as 15% of sales are unravelling say experts.
Spanish developers’ sales and profits collapse in first 6 months of 2008
If the results of some of Spain’s biggest real estate promoters are anything to go by, the Spanish property sector is having a disastrous year. The combined turnover from home sales of some of Spain’s biggest listed developers (Acciona, Metrovacesa, Realia and Vallehermoso) fell 78% to 260 million Euros in the first 6 months of [...]
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