Is home building showing first signs of recovery?
The residential construction sector in Spain is showing the first signs of recovery, reports a recent article in the leading Spanish daily El Pais. According to the article, developers would now rather build homes than sit on empty plots, though financing is still an obstacle for them.
Leading British developer in Spain reports surge in buyer interest leading up to Easter
Publicity Taylor Wimpey, a leading British developer that also sells some of the best quality holiday homes in Spain, reports that enquires from potential buyers interested in its Spanish properties have surged by 40% in the lead up to Easter, suggesting that the market is far from dead if the product and price is right.
Valencian figures reveal plunge in holiday home market last year
When climate migrants from Northern Europe buy a place in Spain, around a quarter of them head for the Autonomous Region of Valencia and its sunny coastline. So it’s bad news all round to read that last year foreigners fled the Valencian property market in record numbers, according to a recent article at the local [...]
Spanish housing starts down 80pc since start of crisis
Housing starts in Spain have fallen by almost 80% since the economic crisis began in 2007, reveal new statistics from the Ministry of Housing. You don’t have to be a genius to work out how badly that will have hit the residential construction business in Spain. The sector has effectively been decimated, which helps explain [...]
Spain to lag European property market recovery in 2010 say PwC
Every year PricewaterhouseCoopers (PwC) and the Urban Land Institute publish a report called European Property Market Trends that starts with a short phrase summing up the market. In 2008 it was “The fear returns”, and in 2009 it was “Things get complicated”. This year brings a hint of optimism with phrase “We have touched bottom” [...]
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