Government slashes VAT on new homes by half, to 4pc
The Government is praying the temporary measure will help mop up the glut of new homes for sale before the General Election in November.
50pc more vendors drop asking prices in July reveals portal
22,518 vendors dropped their asking prices in July, 50pc more than the same time last year, according to idealista.com, a property portal (illustrated in graph above).
Housing market to stay weak for rest of year forecast experts
Economic and political uncertainty will keep the housing market subdued for the rest of the year, according to several experts quoted in the Spanish press.
Magical Mallorca: The A-list Mediterranean Isle
Mallorca is always a firm favourite with celebrity holiday-home buyers.
Housing market shrinks again
Home sales in June were the lowest since the property crash began, show the latest figures from the Statistics Institute (INE).
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