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July 22nd, 2010
The Ministry for Housing will be abolishing the direct funding it has been providing for the purchase of Spanish housing by low income families in 2011 and 2012. The funding, which ranged between 5,000 and 12,000 euros, ends on January 1st 2011 and is part of a series of budget ...
Continue reading Budget Cuts Effect on Low Income House Buyers
July 16th, 2010
A report titled "Destruction of the Whole Coast 2010," has been released today by Greenpeace, in which they have launched a scathing criticism of Spain's overbuilding of the coastline, stating that 7.7 hectares of coastline per day is being destroyed for urban, industrial or commercial purposes. The environmental protection group say ...
Continue reading Greenpeace Fury Over Spanish Coastline Destruction
July 6th, 2010
Lanzarote is running the risk of losing its valuable United Nations Educational, Scientific and Cultural Organization (UNESCO) status of being a "Reservation of the Biosphere", due to not informing them of recent breaches of planning regulations whereby European funds were used in the development of illegally constructed hotels on the ...
Continue reading Lanzarote Running Risk of Losing Renowned Environmental Award
July 6th, 2010
According to the Bank of Spain, the total amount of money loaned through mortgages as of May amounted to 680,690 million euros, representing an annual increase of 0.9% over the same month in 2009, the highest growth in nearly a year. Although mortgage debt
Continue reading Spanish Property Loans Continue to Show Growth
July 5th, 2010
According to their Economic and Financial Report for June 2010, the Spanish Banking Association (AEB) state that house prices have now fallen "just over 10% from the previous maximums of early 2008," and are now at levels similar to those of late 2005. They believe that although
Continue reading Banks Weigh in on Spanish Property Prices Changes
June 30th, 2010
The Royal Automobile Club of Cataluña (RACC) has revealed that Spain is at the forefront in Europe with regards to reducing the number of deaths caused by traffic accidents. Deaths on Spanish roads have been reduced by nearly 53%, against a European average of 40.1% and Miquel Nadal, director of ...
Continue reading Spanish Roads: Safer than Ever
June 28th, 2010
According to data published today by the National Statistics Institute, the number of mortgages issued in April has fallen by 4.3% compared to the same month last year, the drop being attributed primarily to a 31.6% fall in the number of mortgages issued for rural property, compared to a 2.4% ...
Continue reading April Mortgage Figures for Spain Released
June 23rd, 2010
According to a research report by Ipsos, the chairman of Banco Santander, Emilio Botin, remains the most influential businessman in Spain, with the chairman of Inditex, Amancio Ortega, in second place and third for the head of Telefónica, César Alierta . This is the third time that Botin has been
Continue reading Banco Santander Boss: Spain’s Most Influential Businessman
June 21st, 2010
A man has been arrested for the murder of his former mother-in-law after attacking her with a stick in the town of La Guancha in Tenerife. The man, aged 44 years old, blamed her for his separation from his wife, who he had threatened to kill on several occasions. According to ...
Continue reading Elderly Woman Murdered by Son-in-Law in Tenerife
June 17th, 2010
A hospital, a nursing home and 11 schools have been fully or partially evacuated and more than 150 people had to be rescued after floods hit Asturias again yesterday. Those rescued included residents of several towns, passengers on a train and occupants of several cars.
Continue reading Floods Hit Asturias for the Second Time in a Week
