Campoamor residents get organised to fight for better public services
Residents of Campoamor, a residential development in Orihela, on the South Costa Blanca (Valencian Region), have set up an association to fight for better services from the local government. The association brings together more than 80 communities of owners, and a total of more than 1,000 residents. The association has been set up to ensure [...]
Resale property transactions fall back to pre-boom lows
A new statistic from the Ministry of Housing helps to show that the Spanish property boom is definitely over. The number of transactions involving resale properties is back to the pre-boom low, with sales falling 47% to 179,000 in the first 9 months of the year, compared to 339,500 in the same period last year.
Housing starts fall 83% in Barcelona Province
Housing starts in Barcelona province have fallen an astonishing 83% this October, down to just 646 new residential construction projects, compared to 3,792 at the same time last year.
Spanish property prices will fall 25% by 2011 says Spanish bank BBVA
Spanish property prices may barely have fallen so far, if you believe the official figures that is (down just 0.5% in 2008), but all that is going to change in 2009, according to BBVA, one of Spain’s largest banks. Prices will fall “close to 5% in 2009 and 10% in 2010,” says José Luis Escrivá, [...]
Estate agents in Torrevieja decimated by slump
Torrevieja’s estate agents are taking a beating as Spain’s property market slumps, reports the Spanish press. The number of agents has fallen from 400 to 200 in recent months, according to a newly-formed industry association set up to try and respond to the collapse in demand.
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