Illegal development demolished in Marbella
Demolition work started yesterday on an illegal development of 34 flats in the Golf Río Real area of Las Chapas, in what is likely to be a symbolic gesture towards sorting out Marbella’s town planning mess.
Spanish property prices down by 40% say estate agents
Prices for both new and resale properties have already fallen by 40% thanks to a collapse in sales, according to Santiago Baena, President of the Spanish Real Estate Agents’ industry body (API).
Costa Blanca, Costa Azahar, and Valencia property market update
An update on the property market in The Valencian Region by Lisa Francis of The Property Finders. See bottom for contact details. Though parts of the Costa Blanca do spring to mind in any discussion about the worst aspects of mass property development in Spain, many parts of the northern Costa Blanca and the Costa [...]
Banks offer homes at discounts of 20% or more
In a recent visit to the Spanish parliament, Miguel Martín, the President of Spain’s Banking Association (AEB) confirmed that financial institutions are turning into the country’s biggest property companies, whilst trying to dump their stock of homes with discounts of 20% or more.
Spanish rental prices fall 8% in 2008
Rental prices fell 8% on average in 2008, whilst the supply of properties for rent surged by 300,000 homes in response to plunging property sales, according to a recent article in the Spanish daily ‘Publico’. Renting is not popular in Spain, at least when it comes to primary residencies. Just 10% of Spanish families live [...]
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