Category Archives: Property Spain
Developers of illegal homes in Marbella have fines reduced by 75pc
Banana Beach, Marbella, one development that cannot be legalised. The town council of Marbella has slashed the fine that developers will have to pay for legalising homes they built in contravention of planning permission, bringing the end of Marbella’s town … Continue reading
8,000 young adults asked to return housing benefits
The Spanish government is asking as many as 8,000 young adults to return their means-tested housing benefits after they were paid by mistake. The Ministry of Housing has sent a letter to 8,000 recipients of housing benefits for the young … Continue reading
Spanish property market ‘stabilising’
Spanish property prices are stabilising, according to latest figures from the Spanish Property Market General Index, which could be good news for anyone wanting to find a home in Murcia. The index, which is published by Tinsa, reached 1908 points … Continue reading
Town councils find new way to pump banks for cash
Town councils in Spain have come up with a novel way to raise revenue – by forcing banks to develop their land banks. That means more unsold new homes. A recent article in the Spanish financial press made me smile. … Continue reading
170,000 construction sector companies fold in 2 years
The construction sector has been devastated by the real estate bust – the worst in Spain’s history 170,000 companies in the construction sector “23% of the total” have folded in the last 2 years (2008-2009) reveals a new report from … Continue reading