Signs of recovery in the Spanish property market?
An article in ‘El Mundo’, one of Spain’s leading news papers, suggests there may be signs of recovery in the Spanish property market, in one of the first positive articles on the outlook for the market since the crisis began.
Chiclana to audit illegal properties
What get’s measured gets managed. That seems to be the new approach of Chiclana’s town hall to the problem of illegal building in the municipality, in agreement with the regional government in Seville.
Residential construction completions start to decline
Demand for properties in Spain stated falling in 2007, but the number of completed new properties kept growing steadily in 2008, rapidly inflating Spain’s excess housing inventory. Now, finally, the number of construction completions has started to decline, according to data from Spain’s Ministry of Development.
Loans to developers a looming issue
Spain’s financial system avoided the US subprime mortgage party, which helps to explain why Spanish banks have coped with the financial crisis better than many of their peers in the US and Europe, at least until now.
Holiday home sales on the Costa Blanca fall 83pc in 2 years
Holiday home sales on the Costa Blanca (Alicante Province) have been particularly hard hit by the Spanish property crash, in part due to a heavy reliance on British buyers. Last year developers in Alicante province sold just 702 homes to non-resident European buyers, down by 83% in 2 years (4,233 sales in 2006), according to [...]
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