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Property news by Property Wire

Sun
Jul 20th
2008
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News related to spain

Spanish property crisis deepens as major developer files for bankruptcy
2008-07-16 10:14:45 [Europe]

Major developers in Spain are now crashing under the pressure of the country's worst property downturn. The future of thousands of homes under construction are now in doubt.

Read full article: [Spanish property crisis deepens as major developer files for bankruptcy]
 
Spanish developers urged to exploit surge of interest in eco property
2008-07-14 10:04:53 [Europe]

Eco homes could be the answer to Spain's failing property market, experts believe. Developers should take notice of the surge in interest and offer some kind of 'green' element in their buildings.

Read full article: [Spanish developers urged to exploit surge of interest in eco property]
 
Ultra modern villas launch in Spain despite the property downturn
2008-07-10 18:04:11 [Europe]

The downturn in the property market in Spain has helped one project which has just launched its ultra modern villas despite the gloomy headlines.

Read full article: [Ultra modern villas launch in Spain despite the property downturn]
 
No recovery in Spanish property market for at least three years
2008-07-04 09:40:03 [Europe]

The troubled Spanish property sector is unlikely to recover for at least three years, according to the latest report from a group of 19 European research institutes.

Read full article: [No recovery in Spanish property market for at least three years]
 
Spanish subsidiary of troubled UK developer announces discounts
2008-07-02 10:31:25 [Europe]

The Spanish subsidiary of troubled UK developer Taylor Wimpey is reducing prices on properties it can't sell on the Costa Blanca in attempt to tempt reluctant investors.

Read full article: [Spanish subsidiary of troubled UK developer announces discounts]
 
New locations with higher yields means spain is still worth looking at
2008-06-28 18:05:54 [Europe]

Developers in Spain may be going out of business and concerns growing about the lack of movement in the property market but there is still considerable hope according to agents.

Read full article: [New locations with higher yields means spain is still worth looking at]
 
Bargain property hunters in Spain advised to look beyond the cheap price
2008-06-24 18:06:58 [Europe]

Bargain properties in Spain may not be all that they seem, with some suffering from shoddy workmanship.

Read full article: [Bargain property hunters in Spain advised to look beyond the cheap price]
 
Spanish resort of Torrox has the best all round weather for visitors
2008-06-19 18:02:11 [Europe]

Property investors seeking to buy somewhere where the climate is the best need look no further than Torrox near Malaga in Spain.

Read full article: [Spanish resort of Torrox has the best all round weather for visitors]
 
Sit out 2008, spanish property investors are advised
2008-06-18 10:29:54 [Europe]

The property market in Spain is 'dead' and unlikely to improve in 2008, according to two experts.

Read full article: [Sit out 2008, spanish property investors are advised]
 
Spain fights back to boost property investment
2008-06-16 14:02:08 [Europe]

The battered Spanish property market is fighting back as real estate agents and the government search for new ways of attracting investors and visitors who fuel the holiday let industry.

Read full article: [Spain fights back to boost property investment]
 
Most of Spanish coast vulnerable to climate change which will wipe out beaches
2008-06-07 10:07:14 [Europe]

Property owners along many stretches of the Spanish coast face losing their properties when climate change causes rising sea levels, experts are warning.

Read full article: [Most of Spanish coast vulnerable to climate change which will wipe out beaches]
 
Flamenco re-generation project puts ancient Spanish town on the global map
2008-06-06 14:04:03 [Europe]

An ambitious development aimed at re-generating an ancient Spanish city is using the traditions associated with flamenco dancing to make it a sought after global destination.

Read full article: [Flamenco re-generation project puts ancient Spanish town on the global map]
 
Rental bookings in Spain down as fines are introduced for the non-registered
2008-06-05 09:53:42 [Europe]

Property owners in Spain who rent accommodation to holidaymakers and visitors are struggling to find bookings this year and the clampdown on non-registered rentals is spreading.

Read full article: [Rental bookings in Spain down as fines are introduced for the non-registered]
 
Tired Tenerife embarks on re-vamp to attract visitors and investors
2008-05-31 14:09:53 [Europe]

Tenerife is embarking on an eight year strategy to overhaul its 'arrogant' tourism industry and make it more attractive to visitors and thus property investors.

Read full article: [Tired Tenerife embarks on re-vamp to attract visitors and investors]
 
Spanish rental properties face tourism tax clampdown
2008-05-29 09:02:08 [Europe]

Property owners in Spain who let to tourists and aren't registered with their local tourism authority face fines of up to €30,000 under a new clampdown.

Read full article: [Spanish rental properties face tourism tax clampdown]
 
Valencia promises to overhaul land grab law
2008-05-24 14:08:40 [Europe]

A promise by authorities in Valencia to overhaul the region's controversial 'land grab' law is unlikely to stop the notorious practice, a leading Spanish property expert claims.

Read full article: [Valencia promises to overhaul land grab law]
 
Buying abroad in traditional destinations 'popular' way to escape credit crunch
2008-05-17 17:30:47 [Related Stories]

Buying property abroad is still considered a good financial investment despite the global credit crunch, it is claimed.

Read full article: [Buying abroad in traditional destinations 'popular' way to escape credit crunch]
 
Spanish government refuses to intervene to stimulate struggling property market
2008-05-16 14:04:20 [Europe]

The Spanish government has rejected calls to use public funds to jump start the ailing Spanish property market and bail out struggling developers and real estate agents.

Read full article: [Spanish government refuses to intervene to stimulate struggling property market]
 
Holiday rentals drop adds to property owners woes in Spain
2008-05-14 18:09:31 [Europe]

Owners of holiday properties in Spain are having to drop rents in response to falling occupancy rates which are down between 20% and 30% in many areas of the Costa Blanca.

Read full article: [Holiday rentals drop adds to property owners woes in Spain]
 
Portugal property market doing better than spain
2008-05-12 18:07:21 [Europe]

Portugal is weathering the global property slump much better than its neighbour Spain, according to various assessments in the industry.

Read full article: [Portugal property market doing better than spain]
 
Record numbers head to Lanzarote to rent property
2008-05-11 15:02:49 [Europe]

Property investors with rental accommodation in Lanzarote will be cheered by new figures that show Brits are heading to the Spanish island in record numbers.

Read full article: [Record numbers head to Lanzarote to rent property]
 
Rock star backs environmentalists to protect scene of Nelson's great battle
2008-05-10 14:09:27 [Europe]

Nature lovers and a rock star are gearing up to protect one of Spain's last unspoilt pieces of coastline from developers. They want to protect the area around the Trafalgar Lighthouse, scene of Nelson's famous battle, from being turned into a luxury resort.

Read full article: [Rock star backs environmentalists to protect scene of Nelson's great battle]
 
Over half a million Spanish properties built since 2005 still unsold
2008-05-09 18:05:58 [Europe]

As a result of the real estate crisis in Spain, nearly one third of the 1.8 million properties build since 2005 cannot be sold, according to a leading construction association.

Read full article: [Over half a million Spanish properties built since 2005 still unsold]
 
Spanish property sales down again but owners remain optimistic
2008-05-05 18:06:07 [Europe]

Property sales in Spain plummeted 24.4 percent in February from a year earlier, according to official data, in yet another sign of the sharp downturn in the once booming real estate market.

Read full article: [Spanish property sales down again but owners remain optimistic]
 
Murcia moves to entice more foreign property buyers
2008-05-02 09:09:23 [Europe]

Moves are afoot in Murcia, a lesser-known part of south-eastern Spain, that will increase facilities in the region and jolt interest in property, it is claimed.

Read full article: [Murcia moves to entice more foreign property buyers]
 
Buy in Spain, buy in Sterling!
2008-04-30 18:05:43 [Europe]

Estate agents in Spain are offering property for sale in Sterling in a bid to attract more British buyers as prices in many areas continue to fall.

Read full article: [Buy in Spain, buy in Sterling!]
 
Gibraltar - Costa del Sol's rock solid property investment
2008-04-25 09:03:00 [Europe]

The property market in Spain may be slowing down but in neighbouring Gibraltar it is positively glowing.

Read full article: [Gibraltar - Costa del Sol's rock solid property investment]
 
Property research report gives hope in gloomy Spanish market
2008-04-21 09:01:06 [Europe]

An in-depth look at one of the lesser known Costas in Spain shows that good investments are around for those buyers who take the time to research their prospective investments.

Read full article: [Property research report gives hope in gloomy Spanish market]
 
Investors who sold in Spain entitled to whopping tax rebate
2008-04-20 09:02:16 [Europe]

Hundreds of thousands of foreign investors who have sold property in Spain over the last few years could be owed a tax rebate of around £11,000 each, it has been confirmed by lawyers.

Read full article: [Investors who sold in Spain entitled to whopping tax rebate]
 
Real estate agents back Spanish coastal property clean up
2008-04-19 18:06:27 [Europe]

Ecology groups and estate agents are backing the Spanish government's drive to clean up the country's coastline and take property back into state ownership or demolish it.

Read full article: [Real estate agents back Spanish coastal property clean up]
 
Rugby legend tells why he has invested in Spain
2008-04-16 09:02:47 [Europe]

While experts predict that Spanish property is on a downward trend, the doom and gloom brigade are not putting of those who see this popular country as a good long term investment.

Read full article: [Rugby legend tells why he has invested in Spain]
 
Investment in golf resorts shows it is not just lovers of the game who buy
2008-04-14 18:04:14 [Related Stories]

Smart property buyers are investing in golf resorts, regardless of how they feel about the game. It is becoming an increasingly popular area for investors.

Read full article: [Investment in golf resorts shows it is not just lovers of the game who buy]
 
Cádiz first to 'benefit' from construction crackdown
2008-04-12 18:08:10 [Europe]

The Spanish government has announced ambitious plans to return the coast of Cádiz to its natural state.

Read full article: [Cádiz first to 'benefit' from construction crackdown]
 
Greenspan believes Spain has 'bigger' real estate bubble than US
2008-04-10 14:02:26 [Europe]

America's leading economist Alan Greenspan has given a gloomy prediction for Spain's already ailing property market.

Read full article: [Greenspan believes Spain has 'bigger' real estate bubble than US]
 
Mega tourist development given go-ahead to revitalise Murcia coastline
2008-04-09 09:01:22 [Europe]

A tourism development, described as one the largest and most important in Europe, has been given the go-ahead by Spanish officials.

Read full article: [Mega tourist development given go-ahead to revitalise Murcia coastline]
 
Turkey goes head-to-head with Spain on golf
2008-04-06 18:09:38 [Europe]

The Turkish Golf Federation has plans to add 100 new golf courses to Turkey's current scanty tally of less than 20. It is set to boost golf tourism in the country and increase property values near courses.

Read full article: [Turkey goes head-to-head with Spain on golf]
 
Rollercoaster for Spanish property sector
2008-04-02 09:01:25 [Europe]

Real estate company Labaro became the latest victim of Spain's property sector slowdown when it filed for protection against its creditors this week, joining several other companies that have gone into administration last week.

Read full article: [Rollercoaster for Spanish property sector]
 
Spanish market offers investments on shaky ground
2008-03-25 19:01:01 [Europe]

Spanish second homes make for good investment, though the country's troubled housing market continues to keep UK investors away.

Read full article: [Spanish market offers investments on shaky ground]
 
Spanish elections balanced on economy and property market
2008-03-08 21:03:03 [Europe]

In Spain, elections are being held this weekend. The people are looking for someone that will help with the economy and property market worries more than anything else.

Read full article: [Spanish elections balanced on economy and property market]
 
Spain still preferred region by UK investors
2008-03-05 20:06:39 [Europe]

According to AIPP, Spain is still the number one overseas preferred region by UK investors.

Read full article: [Spain still preferred region by UK investors]
 
Spain still offers great buy to let opportunities
2008-03-03 13:03:03 [Europe]

Property in Spain has been in a downward spiral, but several incentives work to make it a buy to let opportunity for many investors. Spain still offers great buy to let opportunities

Read full article: [Spain still offers great buy to let opportunities]
 
Huelva property hotspot not to be missed
2008-03-01 12:01:03 [Europe]

Huelva offers many of the opportunities property investors are seeing, including beaches and sun, and affordability.

Read full article: [Huelva property hotspot not to be missed]
 
Falling Spanish market still offers investors an opportunity
2008-02-28 15:03:28 [Europe]

Spanish property has been suffering from foreclosure rates that are significant, yet investors may see the bottoming out as an advantage to them.

Read full article: [Falling Spanish market still offers investors an opportunity]
 
Tenerife offers low prices
2008-02-25 19:02:55 [Europe]

Tenerife has become a well known, worthwhile location for investment, with its exceedingly quality lifestyle and its low property prices.

Read full article: [Tenerife offers low prices]
 
Italy and Spain still in demand
2008-02-19 18:02:32 [Europe]

Property in Spain and Italy is likely to remain in demand as investment, especially in the out of town property sector.

Read full article: [Italy and Spain still in demand]
 
UK investors savvy with their Spanish investments
2008-02-07 23:09:30 [Europe]

The Spanish property market is still a draw for UK investors, but they know where to buy and still make money avoiding the bulldozers.

Read full article: [UK investors savvy with their Spanish investments]
 
Portugal property market different to Spain
2008-02-04 13:07:37 [Europe]

The property market in Portugal is less likely to have the same effect as Spain in 2007.

Read full article: [Portugal property market different to Spain]
 
Spanish property boom slowing down
2008-01-11 16:12:37 [Europe]

Spain's property boom slows as inflation figures show. Costs of new homes rise, but much lower than previous numbers. The Prime Minister says the drop is logical.

Read full article: [Spanish property boom slowing down]
 



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Feature story

Winners and losers in the global property market defined by growing oil prices

Soaring oil prices are affecting property investment across the globe to such an extent that countries that import energy supplies are likely to see even more of a downturn before markets bottom out.

Company news

Phuket tourism rising above global worries

Constantly rising oil prices have been taking their toll on the travel and tourism industry, especially with airlines raising prices or cutting flights and routes - or both. As a result, the Tourism Authority of Thailand (TAT) recently announced a downward revision of its predictions of tourist figures for 2009.

Forum Watch

Tough times need tough investors

It is difficult to escape the property headlines this week with all news outlets mentioning property. The frustrations of investing in property during a downturn are well documented in the forums this week.

Currency watch

Dollar gains ground over good data

The US dollar gained a lot of ground yesterday as good data was released in the US. There was a large selloff in Crude Oil futures as US crude inventories gained an unexpected 3.0M Barrels.

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