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BRITONS WIN TURKISH PROPERTY PAYOUT RULING

BRITONS WIN TURKISH PROPERTY PAYOUT RULING

Dozens of families who invested in beachside apartments have won a £3million battle against the builder and developer Golden Beach Complex, Turkey By Andy Probert 12:55PM GMT 31 Dec 2014 More than 50 British families have won a five-year court battle in Turkey to recoup millions of pounds they ploughed into a holiday property complex. The…

IS CATALONIA’S BID FOR INDEPENDENCE AFFECTING ITS HOUSING MARKET?

IS CATALONIA’S BID FOR INDEPENDENCE AFFECTING ITS HOUSING MARKET?

Barcelona attracts foreign buyers despite fears of possible political and monetary instability in the Spanish region What stands out most about Barcelona’s skyline today is something that is largely absent: cranes. There are still some over Antoni Gaudí’s Sagrada Família basilica, but otherwise Spain’s second city is almost bereft of major construction projects. The dearth…

NO SUSTAINED RISE IN HOUSE PRICES BEFORE 2019 SAYS NEW STUDY

NO SUSTAINED RISE IN HOUSE PRICES BEFORE 2019 SAYS NEW STUDY

Average Spanish house prices will rise by 1.4% this year, 0.8% next year, and then start falling again in 2016 to the end of 2018, claims a new study by Kelisto.es, a price comparison website. Kelisto analysed supply and demand, economic growth, interest rates, employment, incomes, and the rate at which the market is digesting…

REIGN IN SPAIN IS OVER FOR THOUSANDS OF EXPATS

REIGN IN SPAIN IS OVER FOR THOUSANDS OF EXPATS

British expats are finding their dreams of a life of sun and sangria in Spain have been shattered by the Eurozone economic crisis. Tumbling property prices and rising unemployment have gripped the nation, leading to an expat exodus. Official figures from Spain’s town halls show 90,000 British expats sold up and left last year – along with…

SPANISH PROPERTY: POLARIS GOLF RESORT HOMES CRASH TO A THIRD OF ORIGINAL PRICE

SPANISH PROPERTY: POLARIS GOLF RESORT HOMES CRASH TO A THIRD OF ORIGINAL PRICE

Murcia’s credit-fuelled building spree ends in rash of repossessions, empty villas and roads to nowhere Miles Brignall, in Murcia The Guardian, Friday 25 May 2012 18.20 BST Spain’s building boom once enticed investors hoping to profit from the popularity of the country’s southern regions. Photograph: Miles Brignall They were once Europe‘s most ambitious holiday homes projects, vast…

MORE THAN HALF A MILLION SPANIARDS TRAPPED IN NEGATIVE EQUITY

MORE THAN HALF A MILLION SPANIARDS TRAPPED IN NEGATIVE EQUITY

More than half a million Spanish families are living in homes worth less than their mortgage, after house prices crashed by 50pc. A study of “bubble mortgages” in Spain by Kelisto.es, a financial products comparison website, finds there were 581,441 mortgages under water in 2013. They forecast the number will rise to 668,940 this year,…

SPANISH CORRUPTION

SPANISH CORRUPTION

A lot of bad apples – A wave of arrests upends the political establishment Nov 8th 2014  | MADRID | From the print edition JOSÉ ANGEL FERNANDEZ VILLA led the biggest miners’ union in northern Asturias. Francisco Granados was a key minister in the Madrid region. Jordi Pujol was president of Catalonia for 23 years. The three men have one…

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