Town councils find new way to pump banks for cash
Town councils in Spain have come up with a novel way to raise revenue – by forcing banks to develop their land banks. That means more unsold new homes.
Sotogrande – Ribera del Marlin, discounts of 5pc to 30pc
Publicity Discounts of up to 30% at Sotogrande’s remarkable marina development Ribera del Marlin + More information
Growing number of resale vendors dropping their asking prices
Vendors in Spain are becoming more serious about attracting buyers, if recent reductions in asking prices are anything to go buy.
Latest property price index from Housing Ministry down 3.7pc
Spanish property prices fell just 3.7% over 12 months to the end of June, say the latest figures from the Ministry of Housing. The Ministry’s figures are so detached from reality they can usually be ignored, but this time I decided to delve, a bit deeper and found out that we can learn something from [...]
Spanish property market value down 64pc over 3 years
The latest monthly sales figures for the property market are out, published by the National Institute of Statistics (INE). They show the market expanded 10.6% in May compared to the same month last year, but that’s not the real story. The big story is the market is probably worth less than half what it was [...]
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