Spanish housing stock predicted to fall 7pc in value this year

Spain’s housing stock will fall 7% in value this year, to 4.19 trillion Euros, according to a new report from the Funcas savings banks foundation. They also say there is too much rubbish property for sale, which it will take years for the market to digest.

Andalucia to subsidise home buyers to tune of 1 billion Euros

The government of Andalucia, or Junta, announced yesterday a subsidy of 1 billion Euros to help liquidate the region’s property glut estimated at around 70,000 newly-built homes.

Almanzora Group’s deal with leading Forex specialist could save buyers thousands of pounds

Publicity News of a link forged between the Cheltenham-based Spanish property firm The Almanzora Group and leading foreign currency and international payment specialist Axia FX of London means that the buyers of new properties in resort, village and beach locations in south-east Spain could save thousands of pounds.

Trampolin Hills development in bankruptcy proceedings

The developer of the Trampolin Hills Golf Resort in Murcia has been forced into in bankruptcy proceedings unable to cope with its debts, reports the local newspaper La Verdad. A court has appointed administrators to run the company, and creditors now have a month to register their claims.