Spanish Cabinet gives thumbs up to rapid evictions
The Spanish cabinet yesterday approved a draft law to stimulate the rental market by, amongst other things, making it easier and quicker for landlords to kick out and recover rents from tenants who don’t pay.
Urban planning corruption leads to six arrests in Murcia
The Spanish police have arrested 6 people in Murcia on corruption charges, including Miguel Botella, the municipal architect of San Javier, a town on the shores of the Mar Menor, when Murcia’s main airport is located. Town planning offices in San Javier and Fuente Alamo have been searched by the police, along with various private [...]
Property consultants King Sturge to seek protection from its creditors
King Sturge Spain, a real estate consultancy, and part of an international British group, is reported to be seeking voluntary administration this week, making it the latest victim of Spain’s property crash.
Falling Pound hits holiday lettings on the Costa Blanca
The economic crisis, and in particular the falling Pound, is taking its toll on holiday lettings on the Costa Blanca, reports the Spanish press.
Housing starts in Alicante fall to lowest level on record
Housing starts in Alicante province (Costa Blanca) have fallen to the lowest level ever recorded, reports the Spanish press. The number of residential construction licences issued in Alicante has fallen from 4,165 in 2007, to just 720 so far this year, the lowest figure since records began in the mid-1990s.
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