Barcelona “Low Cost” property exhibition a “great success”
Trying to apply the ‘low cost’ model to property sales is all the rage in Spain. First came bus tours for bargain property hunters on the Costa del Sol. Now the first “low cost” property show in Barcelona has been declared a “great success” by the organisers, at least in terms of visitor numbers. More [...]
Amnesty plans for 40,000 illegal homes in Malaga province
Andalucia has a serious problem with illegally built properties, which the authorities have done little sensible to solve to date. In Malaga province alone there are an estimated 40,000 illegally built homes, which cannot all be knocked down. Sooner or later an amnesty is inevitable, despite the fact that it rewards bad behaviour.
L-shaped recession for Spanish construction sector, bottom in 2010
The Spanish construction sector is facing an L-shaped recession that will not bottom out until 2010, argues a new report from Euroconstruct, a construction sector forecast group comprised of 19 European research institutes.
Spanish property market contracts 48pc in April
The Spanish property market shrank 48% in April year on year, according to the latest figures from the National Institute of Statistics (INE). Excluding social housing, there were 26,251 property transactions in April, compared to 50,815 a year before.
Saudi royal family makes progress with plans to build luxury development in Estepona
Undaunted by Spain’s property crash, Asturion Foundation, a Lichtenstein-based company linked to the Saudi royal family, has signed an agreement with David Valadez, the new Socialist mayor of Estepona (the former mayor is in jail), to build a luxury development of close to 1,500 properties on 590,000m2 of land in the municipality, to the west [...]
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