New figures tell tale of property boom and bust

Posted on March 1, 2010 by Mark
Filed Under Property market | Leave a Comment

The Ministry of Development has just released some statistics that help illustrate the severity of Spain’s construction boom and bust. What is worse, there is no quick solution as much of the trouble is stored up in a new homes glut that will take years for the market to digest. Read more

Latest Euribor and Spanish mortgage news

Posted on March 1, 2010 by Mark
Filed Under Mortgages & Euribor | Leave a Comment

A summary of Spanish mortgage and interest rates news  Read more

New mortgage lending down 34pc last year

Posted on February 26, 2010 by Mark
Filed Under Mortgages & Euribor | Leave a Comment

New mortgage lending in Spain is still very depressed, say the latest numbers from the National Institute of Statistics (INE). These figures are one of the few reliable housing market statistics we have, so it’s always worthwhile paying attention to what they have to say. Read more

Desert Springs now irresistible with 100pc, low-cost mortgages

Posted on February 25, 2010 by Mark
Filed Under Costa Almeria, Publicity | Comments Off

Desert Springs Las Sierra Apartments

Publicity

Developer believes that 100pc, low-cost mortgages could open the floodgates for property sales in 2010.

Pent-up demand for property in Spain was stifled last year by the effects of the global recession, but this year it looks as if buyers are taking advantage of ‘buy now’ incentives, discounts of up to 55%, and 100% low-cost mortgages to snap up property at Desert Springs in Almeria. Read more

Galicia plans amnesty for tens of thousands of illegal properties

Posted on February 24, 2010 by Mark
Filed Under Galicia | Leave a Comment

Plans to legalise tens of thousands of unlawful properties in Galicia were given a boost yesterday when the region’s Socialist party decided to support a draft new land law granting an amnesty to properties built without planning permission before 1 January 2003. Read more

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