Government puts pressure on banks to reduce house prices
The Government has introduced higher capital requirements and bigger provisions on property portfolios with the objective of driving down house prices.
Andalucia property market report 2012
By Barbara Wood of The Property Finders January 2012 When I started writing this year’s Annual Report, reviewing 2011 and looking forward to 2012, I thought I might be able to re-run last year’s and just change the dates where necessary because so much of what I wrote then still applies today and at the [...]
NIE numbers become obstacle to solving Spain’s property glut
Just when the Spanish property market needs all the help it can get from foreign investors, the bureaucratic obstacle of getting a foreign ID/NIE number gets harder than ever.
Costa del Sol new homes glut halved in 2011
Developers in Malaga province sold half their stock of new homes in 2011
Extension of VAT reduction to apply to holiday homes
The condition excluding newly-built holiday-homes from VAT reductions appears to have been dropped.
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