Foreign property owners in Alicante fight back against ‘land grabs’ and “rapacious urban development”
Foreign property owners in the Marina Baixa region of Valencia’s Alicante province (South Costa Blanca), have organised themselves into a group called Veïns de L’Alfàs (Residents of L’Alfàs) to defend their rights as property owners against the town council and local property developers.
Spanish property prices fall 3.9% over 12 months to end of July
Average Spanish property prices have fallen by 3.9% over 12 months to the end of July, according to the latest Spanish property price index published by Tinsa, one of Spain’s largest appraisal companies. Spanish property prices tracked by Tinsa have now fallen for 5 consecutive months.
Spain’s Minister of Industry would rather “quality tourism” than Marina d’Or
In a recent interview with the Spanish daily ‘El Mundo’, Miguel Sebastián, Minister of Industry, made it clear what he thinks about Marina d’Or, a monstrous-looking new development and holiday resort in Oropesa, Castellon province, on the Costa del Azahar.
Spanish banks financed the building splurge. Now what?
Anyone who has spent time on the Spanish coast in recent years could see that the construction boom was out of control. In some areas there are building sites as far as the eye can see. You would have to be blind not to see it.
Lawyers mis-selling mortgage debts as ‘distressed homes’ on the Costa del Sol
A source tells me that some lawyers on the Costa del Sol are up to no good again. Now that their astronomical fees from conveyancing have dwindled to a trickle in the market freeze, they are having to come up with new ways to part clients from their money. This time they have come up [...]
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