Is the Spanish housing market on the road to recovery?
The gloomy report mentioned in my last article notwithstanding, there is increasing talk in the Spanish press about an incipient recovery in the housing market, largely based on some statistics suggesting the collapse in sales might be bottoming out. Beatriz Corredor, Spain’s Minister of Housing, says you can now buy with “no worries”. Is she [...]
Developer Nozar seeks protection from creditors
The Spanish developer Nozar has sought court protection from its creditors after it failed to reach a deal with its banks over restructuring 700 million Euros in debt. Nozar took the step at the end of last week when 4 months of negotiations with bank creditors collapsed without an agreement. This is the first step [...]
In Good Faith or The Road to Hell is paved with good Intentions
With all the problems people are having with property in Spain, the amount of people using the defence that they bought in “good faith” is on the rise. But what does “good faith” actually mean? A little research produces the following definition:
|
|
