Developer Nozar seeks protection from creditors
The Spanish developer Nozar has sought court protection from its creditors after it failed to reach a deal with its banks over restructuring 700 million Euros in debt. Nozar took the step at the end of last week when 4 months of negotiations with bank creditors collapsed without an agreement. This is the first step [...]
Planning approvals plunge 70pc
Residential planning approvals (excluding social housing) plunged 70% to 19,844 in the second quarter of the year compared to the same time last year, according to the latest figures from Spain’s College of Architects.
Home sales down 31pc in first half of year
Home sales fell by 31% in the first 6 months of the year compared to the same period last year, according to new figures from the Ministry of Housing.
Spanish property prices bottoming out says leading index
Residential Spanish property prices fell by 8.9% over 12 months to the end of August, according to the latest Spanish property price index published by Tinsa, one of Spain’s leading appraisal companies. If these figures are accurate then the rate of decline in Spanish property prices has bottomed out at around 10%, as shown in [...]
Taylor Woodrow de España goes on exhibition tour of England with discounts of up to 41pc
Publicity Taylor Woodrow de España, the Spanish division of one of the UK’s largest house builders, is continuing its 50th anniversary celebrations with a series of special Spanish property exhibitions throughout the UK during September. The exhibitions will offer house hunters looking to take advantage of the current state of the Spanish property market information [...]
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