Coastal holiday homes hit hardest by global property downturn say Knight Frank

Holiday homes in upmarket coastal hotspots around the world have been hit hardest by the global property recession, reveals the 2010 Wealth Report by international property consultants Knight Frank and Citi Private Bank. Needless to say, holiday homes in upmarket destinations on the Spanish coast didn’t escape the punishment, with prices in Mallorca down 17% [...]

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Trampolin Hills Golf Resort update; false hope for victims?

Hundreds of Britons paid tens of thousands of pounds to buy homes off-plan at the Trampolín Hills Golf Resort in Campos del Río, Murcia, only to see the company go bankrupt with nothing to show for their money. A new report from the court administrators says the company is not ‘balance sheet insolvent’ leading the [...]

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