Marbella Town Hall to give up 11 Million Euros, due to the cancellation of land-use planning in Marbella (PGOU). This situation has caused considerable economic loss in the municipal coffers. As a result of the rulings in November last year left on paper wet urban standard approved in 2010, the Marbella Town Hall has been forced to waive payment of that amount reflected in settlements that had already been recorded and have now had to be annulled. Read more »
International property investment funds continue to see good investment opportunities in Spain, particularly with assets that the banks have. Its main objectives are to achieve double-digit returns in the office market, retail or residential. While now it costs them ‘give everything’ for the purchase of residential land and promote housing, but they see it as an investment with a future. Read more »
Spanish New Construction Permits Increased by 34.8% yoy in February, reaching 5,663 building permits its best reading since October 2011, according to the Ministry of Public Works. This confirms the good start of 2016 on licensing (10,606) with a cumulative growth of 39.2%. To continue with this trend the 60,000 licenses at year end be overcome. Read more »
Spain Property Investment Captured 2,400 Million. The arrival of 2016 aroused some concern in the real estate sector. After living a record investment over the past year and a battery of domestic and international uncertainties on the table, many voices pointed to a possible loss of interest in the Spanish brick investment. Read more »
Marbella real estate recovery with precrisis figures. The revival of the real estate business in Marbella intimated in recent years has been consolidated and the only shade is the uncertainty created by the annulment of the PGOU. This follows from two reports on the situation in the housing market made by consulting firm CBRE, highlighting the role of locomotive Marbella continues to exercise in construction activity in the province. Read more »
Spanish bank to return funds paid for Marbella flat purchase.
The Court of First Instance No. 18 of Malaga has sentenced a bank to repay the amounts deposited by a British customer in 2003 on account of a house in an illegal urbanization of Marbella. Read more »
The Foreign Investment in Spanish Brick and Mortar reached a third in 2015: 7,700 million Euros
At this point no one can doubt that the Spanish real estate sector is on the radar of foreign capital. But in view of the latest official figures we could say without fear of contradiction, that the appetite of international investors for the brick is fierce. Read more »
Latest report shows Spanish Property sales increased 9.8% in 2015, on second hand homes… Read more »
The Andalusian government has given owners of tourist accommodation three months to officially register their Spanish holiday properties and in order to comply and obtain the registration of your Spanish holiday properties, the property requirements are as follow: Read more »
Spanish Property will increase 6% in two years. Spain and Ireland, two of the European countries that suffered most from the bursting of the housing bubble, again see Brick raise prices in the coming years.
This is indicated by winter forecasts of the European Commission, which expects a rise in real estate prices of 6.5% until 2017 in the case of Ireland, the Spanish Property will increase 6% in the same period. Malta, up 6% also completes the podium. Read more »
Owners who fail to register their Spanish holiday homes will be deemed to be renting illegally and will be fined up to 150,000 euros… Read more »