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 [...]
Homes still 50pc over-priced in Spain says The Economist, but don’t you believe it
Official Spanish property prices are still more than 50% too high, says The Economist magazine. But if official statistics can’t be trusted, neither can this conclusion.
Spanish parliament to debate infamous Ley de Costas, or Coastal Law
Spanish parliamentarians will debate the infamous Ley de Costas, the bane of many holiday-home owners, for the first time since it was introduced in 1988.
Spanish developers de-capitalised by shareholders during boom
The owners of many of Spain’s developers used the boom to load their companies with debt whilst taking out capital, suggests a new report from the Spanish Savings Banks Foundation FUNCAS. That left developers ill-prepared for the downturn, which is turning out more severe as a result.
Asking prices still 20pc too high say 84pc of house-hunters in Spain
Asking prices are still between 10% and 20% too high, reveals a new survey of house-hunters carried out in March by the Foundation of Savings Banks (FUNCAS).
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