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.
Pilar Martínez: Spain’s new Director of Housing
Pilar Martínez (pictured above) is the new Director of Architecture, Housing and Land for the national government in Madrid. She takes over a tricky post from Beatriz Corredor, the former Secretary of State for Housing under the Socialist Government. Her office is part of the Ministry of Public Works and she will report to Ana [...]
Bank repos worth 43pc less than original valuations
Bank repos in Spain have fallen in value by 43pc on average compared to their original mortgage valuations, according to new research by the rating agents Fitch, reported in the Spanish press.
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