Planning approvals down 21pc in year to August

This just confirms the bleak picture of Spain’s home-building industry reported in the last article.

Housing starts and completions fall to contemporary lows

Housebuilding activity in Spain hasn’t been this low for at least a generation.

Alicante in August: Russians the biggest buyers of holiday-homes

Russians have taken over from the British as the biggest buyers of holiday-homes in Alicante province, at least for one month this summer.

Official House Price Index: -5.6pc in Q3

Spanish house prices fell 5.6pc over 12 months to the end of Q3, according to the Official House Price Index from the Department of Housing.

Developers say house prices down 26pc since the peak

The President of the developers’ association (pictured above) also says there is no room for further falls, but he’s been saying that for a while.

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