Maura Hillen, president of AUAN has described the decree to regularise houses on non urban land, approved today by the regional government, as ‘very disappointing’. One of the AUAN protest marches According to Hillen “It’s possible that this fireworks display will dazzle some but if you look at the detail of the Decree you will Continue reading →

The announcement last week by Spain’s new Minister for the Economy, Luis de Guindos, calling for Banks to revalue their real estate assets to ‘realistic levels’, it has been revealed that this could mean reducations of 50% for unsold new developments, 80% for undeveloped urban land and 100% for rustic land. A number of Government Continue reading →

There are several booby-traps awaiting house-hunters in Spain, one of which is the treacherous Ley de Costas (Coastal Law) of 1988 which nationalised the coastline, creating a boundary between public and private land known as the Deslinde del Dominio Público Marítimo Terrestre (DDPMT). Buy property in Spain on the wrong side of this line by Continue reading →

As the sale of Spanish property registered an increase of 10.7 per cent in the first half of 2010 compared with the same period in 2009, the property prices have seen a drop of 4.3 per cent in July compared to the same month in 2009. The Spanish Property Market Index, published by Tinsa revealed how Continue reading →

According to a recent study by the Fundación Colegio Libre de Eméritos Universitarios around a quarter of Spain’s construction companies have closed shop. A total of 170,000 companies in the construction industry have closed their companies during the years 2008 and 2009. The majority of all closures (63.5 per cent, around 108,000 companies) have closed Continue reading →

Spain’s banks are deliberately stifling the property recovery they are desperate to see by screwing agency commission rates down to 1.5% to 3%; and by forcing developers to the wall. Agents and developers are getting increasingly frustrated with the inept way in which the Spanish banks are trying to offload their huge glut of repossessed Continue reading →

In fact, in December 2009, the sale of homes fell 0.3% on-year rate, its lowest descent of the latest figures, launched in January 2008 The sales of house’s in Spain fell by 24.9% in 2009 compared to 2008, with a total of 414,811 In 2009, the sale of new homes fell by 20.6% over the Continue reading →

In a somewhat shocking and worrying statement, a leading Spanish lender has declared the country’s real estate sector is ‘bankrupt’. According to Santos Gonzalez Sanchez, president of the Spanish Mortgage Association who speaks on behalf of the country’s mortgage lenders, there is so much debt in the industry that finance for property development has effectively Continue reading →

The overseas homes market may have already entered recovery in some parts of Spain as one developer has started putting its prices up. Key Mare in Almeria has seen sales rise by 30% in the last three months and now has more international customers than Spanish ones. The company raised prices across its seven resorts Continue reading →