Sales down by 33pc in May
Spanish property sales, not including social housing, were down 33% in May compared to the same month last year, according to new figures from the National Institute of Statistics.
Property prices in Madrid must fall 34pc to revive the market
Property prices in the Spanish capital have to fall 34% all told to bring the market back to life, argues a new report from Aguirre Newman, one of Spain’s leading real estate consultancies. What is true of the capital is also true of much of the rest of Spain.
Property prices down 30pc, demand up 42pc, say chain of estate agents
Spanish property are down 30% since the start of 2008, whilst client enquiries are up 42% in the last 6 months, according to Look & Find, a chain of real estate agents with offices around Spain. Property prices fell 25% in 2008, and are down another 5% this year, a cumulative fall of 30%, say [...]
Ronaldo house hunting in Madrid
Retiring Britons aren’t the only expats looking for a place to live in Spain. Football start Cristiano Ronaldo is house hunting in Madrid following his transfer to Real Madrid from Man. United, no doubt with a hefty budget thanks to his record-breaking £80 transfer fee.
New coastal boundary creates problems for villa owners near Javea
A new boundary that nationalises 15 kilometres of private land on the coast near Javea (North Costa Blanca) is set to cause serious problems for the owners of around 1,000 villas in the area, reports the Spanish press. Around one hundred owners may have to demolish all or part of their properties as a result, [...]
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