Leading Andalusian builder Noriega seeks court protection from creditors
Noriega, one of the biggest home-builders in Andalusia, has gone into voluntary administration with debts of 1.1 billion Euros, reminding us how tough things still are in the Spanish property market.
Cristiano Ronaldo’s 5 million Euro home in Madrid
A bit of light-hearted celebrity tittle-tattle for once. Here is a home video of Cristiano Ronaldo’s 4.9 million Euro home he has recently bought in Madrid.
Government sees light at end of tunnel for residential construction, builders merchants see oncoming train
High ranking government officials claim that the residential construction sector is touching bottom, but Spain’s builders’ merchants association isn’t so sure.
Price adjustment in Madrid almost over but coast still in trouble say Knight Frank
A director of estate agents Knight Frank in Spain points out that the property market is made up of different segments, some of which are doing better than others. “There are homes on the coast you practically can’t give away, whilst in Madrid, for example, the correction in house prices is almost over,” That was [...]
Treacherous ‘Ley de Costas’ (Coastal Law) boundaries can now be checked online
For the first time you can now easily check online the boundary between public and private land on the coast, at least in some areas. This is a small step in the right direction if it makes buying near the coast a little less risky.
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