Planning approvals fall by 59% but construction completions keep rising

The number of planning approvals in Spain fell by 59% to 199,146 in the first 8 months of the year, according to new figures from Spain’s Ministry of Development. This means that housing starts this year will drop to a level not seen in Spain for close to a decade.

Spanish property sales fall 37% in August

The residential Spanish property market shrank by 36.8% in August compared to a year ago, to 37,744 transactions, according to the latest data from Spain’s National Institute of Statistics (INE).

Spanish mortgage lenders using “bad practices” to ripoff borrowers

Spanish mortgage lenders habitually oblige their clients to take on additional products, such as life insurance, that drive up conveyancing costs by as much as 100%, reveals a new report by María Martínez, professor of civil law at the University of Zaragoza.

Ryanair to abandon base at Valencia airport

Ryanair announced Friday its decision to shut its base at Valencia airport due to the regional government’s lack of financial support for the company’s expansion plans for the airport.

Mayor of Marbella will fight all home demolitions

Angeles Muñoz, the Mayor of Marbella, has announced she wants to legalise all 700 properties in Marbella that are currently outside the new urban plan and earmarked for demolition, including the Banana Beach development.

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