Costa Blanca property owners hit by massive hike in local rates
Property owners in parts of the Costa Blanca are facing massive hikes in their local rates, reveals a recent article in the Costa Blanca’s English-language news paper Round Town News (RTN). This is not the first time expat owners have seen their rates more than double overnight. Taxes on property owners have been going up [...]
Torrevieja real estate company Torrevisa-Masa International seeks protection from creditors
The Torrevieja-based real estate developer and agency Torrevisa-Masa International, better known to overseas buyers as Masa International, is reported to have sought court administration to protect it from its creditors, according to an article today in the Spanish press.
New coastal boundary creates problems for villa owners near Javea
A new boundary that nationalises 15 kilometres of private land on the coast near Javea (North Costa Blanca) is set to cause serious problems for the owners of around 1,000 villas in the area, reports the Spanish press. Around one hundred owners may have to demolish all or part of their properties as a result, [...]
British bureaucrats buying homes in Spain give Costa Blanca market a lift
“The developers of Alicante are starting to see the light at the end of the tunnel,” says Jesualdo Ros, head of the Alicante developers’ association Provia, quoted in the Spanish news website La Verdad. According to Provia sales improved substantially in March and April, with demand led by British public-sector workers.
Holiday home sales on the Costa Blanca fall 83pc in 2 years
Holiday home sales on the Costa Blanca (Alicante Province) have been particularly hard hit by the Spanish property crash, in part due to a heavy reliance on British buyers. Last year developers in Alicante province sold just 702 homes to non-resident European buyers, down by 83% in 2 years (4,233 sales in 2006), according to [...]
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