Marbella first out of crisis says Mayor, as property market shows signs of recovery
It’s a matter of fact that Marbella’s property market has been in a funk for years, starting long before the credit crunch struck, thanks to the venal greed and corruption of local politicians and some developers. But finally, some light at the end of the tunnel, argues Ángeles Muñoz, Marbella’s lady Mayor, with figures in [...]
Five more homes under threat of demolition in Albox
This is a new press release from Abusos Urbanisticos Almanzora NO (AUAN), which describes itself as a non profit, non political organisation campaigning to bring about the legalisation of homes in the Almanzora Valley currently considered to be “illegal”. The drama of illegal homes in Almanzora under threat from demolition rumbles on.
Spanish property glut divides into 3 categories reports the FT
The Financial Times (FT) ran an article earlier this week saying that, with a glut of 1 million homes, Spanish house prices might have more room to fall, and that price adjustments could take another “two or three years to play out.” No news there, but it was interesting to read how one real estate [...]
Foreign investment in Spanish property hits decade low
Figures from the Bank of Spain show that the amount of money invested by foreigners in Spanish property has fallen to the lowest level in a decade.
Young Spanish adults still shut out of housing market despite falling prices
Spain’s Youth Council (El Consejo de la Juventud) says young buyers have to spend 60% of salary on monthly mortgage payments.
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