Costa Brava urbanisation to be demolished after the summer
An entire urbanisation of around 40 properties in the village of Palau-Saverdera, in the Alt Empordà region of Catalonia, north of Barcelona, must be demolished before 5 December, the High Court of Catalonia (TSJC) has ruled. Demolition work is set to begin after the summer, reports the Spanish press.
Spanish economy still hooked on construction despite falling output
The Spanish economy is still woefully dependent on the construction sector despite a property crash now well into its second year. The latest figures from Eurostat – the EU’s statistics office – show that construction sector output (or gross value added) in Spain was 10.3% of GDP, almost double the Eurozone average of 5.8%. The [...]
Taylor Woodrow de España offers rock solid investments in Gibraltar
Publicity One of the most regulated and respected international finance centres in Europe, a base for the rich and famous and with an attractive tax regime, it is no wonder Gibraltar is creating ripples in the property market. Now for the first time in the UK, Taylor Woodrow de España is pleased to be offering [...]
Spanish property prices continue falling
Spanish property prices are still falling, especially on the coast, according to fresh data from two different sources. Average prices fell by 10.1% over 12 months to the end of June says the Spanish property price index published by Tinsa – one of Spain’s leading appraisal companies – whilst new figures from the Ministry of [...]
Hard up pensioner wins block of flats from developer as compensation
Did you hear the one about the impoverished pensioner who got a block of flats as compensation when his developer didn’t deliver on time? No joke, that’s what just happened in Cadiz province of Andalucia, where a judge in San Fernando awarded 65-year old pensioner Benito González a block of 208 flats, with underground parking [...]
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