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 [...]
Spanish property investment gone wrong turns out good in the end
This personal account of a Spanish property investment gone wrong was sent in by email for publication.
Though a thoroughly unpleasant experience for the investor, he ended up making money, and doing vastly better than he would have with his money tied up in a blue-chip British banking stock like, say, RBS, or even in [...]
Alicante’s developers accuse banks of unfair competition
During the boom developers and banks were the best of friends, as banks fell over themselves to finance any old real estate project. Then came the credit crunch, which soured the relationship. Now banks are starting to look like the enemy, as developers in Alicante accuse banks of stealing their clients through unfair competition.
According to [...]
Planning approvals down 74% in Alicante
Planning approvals in Alicante Province, home to the Costa Blanca, fell 74% in 2008, according to the local College of Technical Architects. After a decade of covering the coast in concrete, building activity fell more in Alicante than anywhere else in Spain, where the average fall was 60%.
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