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Spanish Property Sales Increase 10.7% Compared to 2009
The sale of properties in Spain registered an increase of 10.7% in the first half of 2010 compared with the same period last year, according to data released Tuesday by the National Statistics Institute (INE). 37,297 transactions were registered in...
23% of Spain’s Construction Companies Closed
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...
Distorted Realities of the Spanish Property Sector
A recent article on a property website declared that the “number of internet searches by Brits for property overseas has increased exponentially in the last 12 months, according to a study conducted by an estate agent consortium”. The survey...
Debating “Ley De Costas” Law
Since 2004, the Spanish population has been heavily criticizing those policies, which the former Environment Minister – Cristina Narbona made, regarding “Ley De Costas”. It has been over 5 years and a situation of unrest pertaining to the then...
The Costas Sitting on a Goldmine
A recent study focused on Gandia highlighted the need for residential tourism. Heading the study, Sr. Vicent Altur identifies the need to turn residential tourists into residents upon their retirement. He says this can be achieved by providing year round...
House prices in Spain could fall by 12 per cent, says S&P
The Spanish property market crash has not yet hit bottom. The Standard & Poor’s rating agency believes that the country is still “a long way to go,” and that prices could still fall another 12%. The authors believe that “the...
Sean Connery called to Marbella court over property scandal
James Bond actor Sean Connery and his wife are to be called to court over alleged financial irregularities involving the sale of their beachfront property they once owned in Marbella. The Scottish actor and his french wife, painter , Micheline Roquebrune...
Irish developer goes bust in Marbella
Alanda Homes is the latest victim of the property crash in Spain. Alanda Homes, which promotes and sells apartments around Marbella, has requested to enter a voluntary process of creditors in a Marbella court. The drastic move comes as the Irish group...
Marbella sells off GIL era property to pay off debt
Marbella’s interest payments on outstanding debt from the GIL era amounts to 10 million euros every year. The urgent need for money has led the municipality to sell off real estate that it inherited from the Jesus Gil government in an attempt to...
