Property market shrinks 34pc in first quarter, just 484 holiday homes sold
Measured by transactions, the Spanish property market shrank 34% in the first 3 months of this year, according to the Ministry of Housing. There were just 104,703 residential property sales between January and March this year, compared to 159,088 in the same period last year. A pitiful number of just 484 holiday homes were sold [...]
Summer holiday in your own bargain home in a picturesque Spanish fishing village
Act now and you could enjoy your summer holidays in your own brand new holiday home in a traditional Spanish fishing village. It’s easier and cheaper than you think.
Bank will start lending when property prices stop falling
The president of the Spanish banking association, Miguel Martin, said recently that banks will start lending again when “the fear of a property price collapse” has passed. When that happens, the solvency of buyers will improve as a result, he argued.
Work begins on 30 million Euro house near Marbella
The credit crunch, apparently, never happened. Petro-dollar billionaires still want to flash the cash in the most conspicuous fashion. And the Bolt Property Group has just broken ground on a 30 million Euro house in the exclusive La Zagaleta estate in the hills outside Marbella.
Polaris World talking to bank creditors, changing strategy
Polaris World, one of Spain’s biggest property developers, and one of the biggest in the world when it comes to residential golf resorts, is reported to be negotiating a debt-for-property swap with its bank creditors, according to articles in the Spanish press today.
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