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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...
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...
Spanish Tourism needs drastic change in order to maintain leadership, says OCDE
The Spanish tourism industry needs a “dramatic” change to maintain global leadership in a global post-crisis time, said the director of the Center enterprise, SMEs, Local Development and Tourism of the OCDE, Sergio Arzeni. According to Arzeni,...
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...
Another luxury hotel on the Costa del Sol closes
The Byblos luxury hotel in Mijas has just announced that it will be shutting its doors the coming 31st May. The five-star luxury hotel with 144 rooms owned by the Aifos real estate group which is under bankruptcy protection has seen a great number of...
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...
Spanish Property Controversy: Spain a Pariah State
Spanish MEPs have added their voices to EU parliamentarians and human rights campaigners condemning Spain’s abysmal record of unequal application of planning laws and summary destruction of homes. Many homes were bought in good faith within the law...
