Property prices on the Spanish coast fall 9% in a year says new report
The price of property on the Spanish Mediterranean coast, not including social housing, fell by 8.9% over 12 months to the end of October, according to the latest price report from Tinsa, one of Spain’s leading appraisal companies.
Property prices must fall 23% for market to return to normality says new report
Spanish property prices need to fall by 23% to bring housing affordability back to its long term average, and return the market to normality, argues a new report out today from property consultants Aguirre Newman.
Minister of Housing casts doubt on official price figures
According to the official price index published by the Ministry of Housing, Spanish property prices rose by 0.7% over 12 months to the end of September. The problem is that nobody believes the official figures anymore, and as of yesterday it appears that even Beatriz Corredor, Spain’s Minister of Housing, has her doubts.
If you can’t sell your property in Spain, organise a raffle
In the last few days I have heard about 2 different properties in Spain being raffled by their owners, who clearly haven’t had any luck selling them the conventional way. In both cases the owners are British, and both properties are said to be worth more than a million Euros.
Letter from Cantoria resident living with demolition threat to president of Andalucia
The following is a transcript of a letter just sent by Dan Thorneycroft, a British resident of Andalucia, to Manuel Chaves, president of the Junta (regional government) of Andalucia. Thorneycroft is one of many retired British home owners in the El Fas district of Cantoria, Almeria, who are living under the threat of demolition.
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