August 14, 2008
- Spanish Banks Warning Issued by Morgan Stanley
Morgan Stanley, the investment bank, has issued a major alert on the health of Spanish banks, warning that a replay of the ERM crisis in the early 1990s could wipe out the capital base of weak lenders exposed to the property crash
“A momentous economic slowdown is now under way. (…)
August 8, 2008
- British Tourism To Lanzarote Up 15.6%
British visitor numbers to Lanzarote have jumped by 15.6% during the first half of 2008. According to figures recently released by the Spanish airport authority AENA. (…)
July 29, 2008
- Spanish Property Woes continue
Spain’s property market is a mess. Even the most hardened estate agent would have trouble persuading anyone that Spain was a good investment at the moment. (…)
July 11, 2008
- Demand For Rental Property Surges On Lanzarote
The number of British and Irish residents planning to relocate to Lanzarote has jumped by 35% in the second quarter of 2008. (…)
June 19, 2008
- GreenPeace to Blame for Spanish Property Market Collapse
Following the publication of a book called Photoclima, which shows the potentially devastating effects of global warming on the Spanish coastline, a group of property developers in La Manga Del Mar are suing Greenpeace for 20 million Euros as compensation for causing “prices to plunge by up to 50%.”
Spanish property insight reports:
The developers accuse Greenpeace of unduly scaring buyers by publishing doctored photos showing the expected effects of rising sea levels on the La Manga strip. (…)
June 14, 2008
- Mortgage Approvals Falling In Lanzarote
The market for property for sale in Lanzarote is starting to feel the impact of the mortgage and property crisis in the UK. (…)
June 12, 2008
- Post-Boom Spanish Real Estate: A Return to Consumer’s Interests
The ten-year Spanish property boom finally came to an end over 2007, according to figures from Spain’s department of housing (MiV). (…)
April 3, 2008
- Lanzarote Visitor Numbers Surge by 11%
British tourism up 16.7% during January/February 2008
Overseas investors with interests in the Lanzarote property market will have been warmed by the release of the latest tourist figures for the island. Which reveal an upsurge 16.7% in British visitor numbers for the first two months of 2008. According to statistics just released by Spanish airport operator AENA. (…)
March 10, 2008
- Investment Property Trends in Lanzarote
Any island based estate agent will tell you that there’s “too much product out there at the moment”. (…)
November 21, 2007
- How to buy Property in Spain
All property in Spain should be registered in the Registro de la Propiedad (the land registry), where you can obtain the full details of the owner, the exact size of the property and full details of any mortgages, debts or judgments against the property will normally be registered. (…)
November 11, 2007
- Bleak outlook for British homeowners in Spain
Spain’s soaraway property market has ended its decade-long boom, new figures show, with prices falling for the first time in many parts of the country. (…)
- Warning on building slowdown
Spain and Ireland are set for a prolonged slowdown in economic growth, according to Standard & Poor’s, as a drop in construction activity and consumer sentiment hits labour markets and weakens public finances.In a report published on Monday, the credit rating agency says house prices in the two countries – and the UK – are about 20 per cent overvalued and on the verge of a “protracted correction”.The impact of this on the broader economy would be more pronounced in Ireland and Spain, whose “economies are heavily exposed to the direct effects of the housing market slowdown on the construction sector”, says Standard & Poor’s. (…)
October 14, 2007
- The costs of owning property in Spain
This is a guide to the ongoing costs involved in owning property in Spain.
Photo Credit.
Running Costs
All bills must be paid by Direct Debit from a Spanish bank account. (…)
October 12, 2007
- The cost of buying Property in Spain
The following are the costs you should include on top of the purchase price when buying property in Spain. (…)
October 6, 2007
- Spanish property rental income tax
Not too long ago, the average Briton could buy a flat in Spain, declare the property uninhabited, rent it out to whoever he felt like and avoid paying a penny in tax to the Spanish government. (…)
