Valencian developer to pay buyers 3 million Euros in compensation for misleading marketing
A judge in Valencia has odered a local developer to pay 49 clients a total of close to 3 million Euros in compensation for misleading marketing. It is a decision that could set a precedent for buyers who feel they have been mislead by their developers.
Spanish property sales fall by 26% in July
The number of Spanish properties sold in July fell by an annualised 26%, to 46,467, according to the latest figures from Spain’s National Institute of Statistics (INE). Based on figures from the same source, sales fell by 30% in June, and 34% in May, suggesting that the rate of decline in sales is starting to [...]
Spain to launch new house price index
Spain will launch a new house price index, to be published quarterly by the National Institute of Statistics (INE) starting 1 October.
Court extends Martinsa-Fadesa creditor claims deadline to 25 October
The deadline for creditors to register their claims against Martinsa-Fadesa has been extended to 25 October, as a result of lobbying by Spain’s Association of Users of Banks, Savings Banks, and Insurers (Adicae).
Spanish property sales fall 25% over 12 months, resales hit the hardest
The number of Spanish properties sold in the last 12 months fell by 25.3% to 693,503 compared to the previous 12 months, according to new figures from the Ministry of Housing. New property sales fell by 8.5% to 385,939, and resales fell by 39.3% to 307,564.
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