Spanish government argues housing glut will shrink fast
In a drive to reassure international money markets that Spain can deal with its real estate problems, the Ministry of Finance has claimed that Spain’s infamous housing-glut will shrink to a manageable level of 200,000 homes by 2013.
8 tips for house-hunters in Spain, and don’t believe the official figures
Gonzalo Bernardos, a Professor at the University of Barcelona and leading expert on the Spanish property market, explains why Spanish property prices are lower than you might think, and gives 8 tips on how to take advantage of the market.
Residential construction completions down 33pc in 2010
257,443 new homes were finished in 2010, down 33pc on the previous year, according to the latest figures from the Government (Fomento).
Land market in deep trouble
Land doesn’t get as much attention as housing, but it’s problems are just as serious.
Official House Price Index -1.9pc in 2010
The Official House Price Index published by the National Institute of Statistics (INE) would have us believe that Spanish house prices fell a mere 1.9pc in 2010.
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