Credit crunch still big problem for Spanish property market
The credit crunch and lack of mortgage financing is still the single biggest problem for the Spanish property market, argues Marifé Esteso, President of the API real estate association in Alicante province, home to the Costa Blanca. The other big problem is excessive asking prices, making the average property still unaffordable, despite recent price declines.
‘Land Grab’ article in leading Spanish daily faces some home truths
Spain has come in for a lot of criticism from abroad, principally the British press and the European Parliament, about the abuse of property rights and the environment during Spain’s gold-rush property boom of the last decade, but there was surprisingly little discussion of these issues in Spain’s mainstream press.
‘Courtyard Collection’ of colourful new beach cottages just a step away from Almeria’s best beach
Publicity Just on the market this new ‘courtyard collection’ of 24 colourful two- and three-bedroom casitas, or beach cottages, in an unspoilt coastal region of Almeria, in south east Spain. The properties are situated less than one minute’s walk from El Playazo – the 7 km Great Sandy Beach at Playa Marques, and just 3 [...]
Spanish property prices fall 10pc over 12 months to April
Spanish property prices fell by 10.1% over 12 months to the end of April, according to the latest monthly Spanish property price index published by Tinsa, one of Spain’s leading appraisal companies.
Government to stimulate market by eliminating mortgage relief for higher earners
As part of a raft of useless gestures to deal with the economic crisis, José Luis Rodríguez Zapatero, Spain’s Socialist Prime Minister, has announced that mortgage relief will be eliminated on mortgages taken out after 2011 by borrowers with incomes of 24,000 Euros or more.
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