British buyers take legal action against developer of Corvera Golf and Country Club in Murcia
A group of 10 British buyers is taking legal action against Calidona, the developer of Corvera Golf and Country Club in Murcia, arguing breach of contract and demanding their money back. The group are represented by Irwin Mitchell, a firm of British solicitors with offices in Spain.
‘Low Cost’ property exhibition back in Barcelona
The so-called ‘Low Cost’ property exhibition was back in Barcelona at the end of last week for 3 days of what the organisers claim are big discounts and juicy deals for bargain-hunting home buyers. But press reports suggest that visitors weren’t that impressed with the discounts of up to 46%.
Valencia government approves massive expansion of Marina D’Or development on Costa Azahar
The Regional Government of Valencia (the Generalitat) has given the go-ahead to a massive enlargement of the Marina D’Or development on the Costa Azahar. Marina D’Or Golf, as the project is called, is now the biggest residential planning scheme in Europe, and its approval coincides with the biggest property crash in Spain’s history.
Polaris World narrowly avoids bankruptcy
Spanish holiday-home developer Polaris World has narrowly avoided bankruptcy proceedings after reaching an agreement with its creditors at the eleventh hour
Resale asking prices down 0.9pc in Q1 says property portal Idealista
Asking prices for resale properties fell just 0.9% over 3 months to the end of March, according to data collected by Idealista.com, a leading Spanish property portal. The table above gives price changes for selected regions.
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