Spain’s biggest developers build nothing in 6 months
The developers in Spain’s G-14 group of the country’s biggest developers didn’t start building a single new home between them in the 6 month period to the end of May, reports the Spanish press. For Spain’s leading developers to go 6 months without starting any new homes (not including social housing) has never happened before, [...]
Spanish town halls too skint to pay the wages, local services to decline
Town halls around Spain are so skint that many of them are struggling to pay the wages, reports the Spanish press. Why is this interesting? For two reasons: one, the situation is partly the result of incompetence and stupidity by local politicians, which I always like to point out. And two, because it is bound [...]
Social housing more expensive than private property
When private property is cheaper than social housing you know that something is wrong. That appears to be the case in parts of Catalonia like Barcelona, where private property is now often cheaper than social housing, reports the Spanish daily El Pais.
Lastest Euribor and Spanish mortgage news
Euribor (12 months), the interest rate normally used to calculate mortgage payments in Spain, fell to an all time record low of 1.41% in July, down from the previous record low of 1.61% in May. Euribor is now 73.8% lower than it was this time last year, when it hit a high of 5.393%, leading [...]
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