Archives for Property
January 24th, 2011
A British couple have been given an eight month suspended sentence and ordered to demolish their Spanish villa for breaching planning regulations. David and Janet Hartshorn illegally built a large house on protected land near the Costa del Sol town of Torrox, a judge ruled.
Continue reading Couple Sentenced and Ordered to Demolish Villa in Torrox
December 17th, 2010
Spanish authorities have arrested 25 people suspected of involvement in a 10 million euro fraud scheme targeting German owners of timeshare vacation property in the Canary Islands, police said today. The suspects contacted the timeshare owners, offered lucrative terms to buy their shares and lured the owners into paying what turned ...
Continue reading 25 Arrested in Spanish Timeshare Scam
November 19th, 2010
A judge in this southern resort city of Marbella has levied a surety of more than 60 million euros on actor Sean Connery and the other principal defendants in a corruption case. In addition, under indictment in the case are Connery’s wife, former Marbella Mayor
Continue reading Sean Connery Must Post €60m Guarantee in Corruption Case
October 7th, 2010
A Judge in Murcia has ordered the three men arrested in an alleged case of corruption in Murcia, Spain, to be detained unless bail sums were obtained. Renato de Noce (Town engineer), has to pay €120,000, Higinio Pérez Mateos (lawyer) must find €100,000 and Alberto Guerra, in charge of the ...
Continue reading Accused Offered Bail in Murcia Corruption Trial
September 27th, 2010
Almost 100 defendants, including two former mayors, have appeared in court in the Spanish city of Malaga for the first day of one of the country's biggest ever corruption trials. The scandal, which broke in March 2006, centres on the alleged payment of millions of euros in bribes to city officials ...
Continue reading Malaga Corruption Trial Begins
September 9th, 2010
Home sales in Spain rose 24.7 percent in the second quarter when compared to the same period in 2009, the Housing Ministry said today. A total of 149,527 houses were sold between April and June 2010, being the third consecutive quarterly rise in Spanish house sales.
Continue reading House Sales Surge in Spain
August 16th, 2010
Spain's prime minister has called off a meeting planned for Wednesday with leading firms in the country's struggling construction sector and no new date has been set, a government spokesman said on Monday. "The meeting has been postponed indefinitely,"
Continue reading Zapatero Calls Off Contruction Sector Meeting
August 13th, 2010
This week has seen Spain's National Institute of Statistics release a series of figures relating to house sales, the economy and consumer prices in Spain, with positive, if unspectacular, results. The figures start with the news that property sales in Spain rose by 10.7 percent in the first six months ...
Continue reading Spanish Property Sales, Consumer Prices and Economy News
July 21st, 2010
A study released today shows that renting an apartment in Madrid provides an average return of 3.8%, the same profit margin that is achievable when renting a property in other capitals around the world such as Paris or New York. The market for rental property in the Spanish capital is more ...
Continue reading The Varying Returns of Rental Property in Spain
July 19th, 2010
The Association of Cement Manufacturers of Spain (Oficemen) have reported today that they believe housing prices should fall between 5% and 40%, depending on the surplus of unsold properties that exist in their particular geographical area, which would enable the cement industry to flourish again.
Continue reading An Industry’s View on Spanish Property Prices
