Residential planning approvals down 31pc in February

Residential planning approvals fell by 31% in February compared to the same time last year, according to the latest figures from the Ministry of Development. In total there were 13,906 planning approvals in February.

Ask a lawyer – My bank guarantee has expired, what are my rights?

I signed a contract to purchase an apartment off-plan in Murcia and the developer is very far behind schedule. I have a bank guarantee which states that my deposit is secure, but the guarantee appears to have expired and the bank tells me that it is no longer enforceable. What are my rights? Is the [...]

Marbella Real Estate Market Report 2010

Marbella Property Market Review 2010 After a sharp drop in 2008 and 2009 it looks like the property market in Spain – and much of Europe – has bottomed out. In other words, the sector seems to have found its lowest level, the point at which production and prices level out and no major new [...]

Valencian plan to certify holiday homes an empty gesture?

The Spanish daily ‘Diario Información’ reports that the Regional government of Valencia – the Generalitat – is putting the finishing touches to plans to certify the quality and legality of holiday homes in the region. But I can’t see it doing much good whilst “land grab” laws are still in place, and the Generalitat continues [...]