http://www.SpainREI.com News about the real estate sector and about buying property in Spain as well as general news about Spain provided by SpainREI.com the leading Spanish real estate portal. Updated on a weekly basis (click on titles for full story). Mon, 18 Sep 2006 07:07:54 GMT en-gb http://www.spainrei.com/News.shtml http://www.spainrei.com/News.shtml Wed, 28th April 2008 21:36:00 GMT Spain's largest bank Banco Santander outshined other Spanish banks in the first quarter with a 22.4% rise in net profits during the first three months of the year... http://www.spainrei.com/News.shtml http://www.spainrei.com/News.shtml Wed, 28th April 2008 16:13:00 GMT Spain's Ministry of Housing (MiV) considers that there may still be margin for further price decreases in property prices... http://www.spainrei.com/News.shtml http://www.spainrei.com/News.shtml Wed, 21st April 2008 20:01:00 GMT Emilio Ontiveros and Juan José Toribio, heads of Spain's top financial analysis organizations (AFI and IESE, respectively), announced that the government's proposed 10 billion euros annually wouldn't be enough to remedy the property market's deceleration... http://www.spainrei.com/News.shtml http://www.spainrei.com/News.shtml Wed, 14th April 2008 15:04:00 GMT The Spanish Minister of Economy, Pedro Solbes, announced recently at the International Monetary Fund in Washington that Spain would spend 10 billion euros a year to stimulate its real estate sector... http://www.spainrei.com/News.shtml http://www.spainrei.com/News.shtml Wed, 7th March 2008 16:18:00 GMT The vice-president of Parquesol, one of Spain's leading real estate companies, predicted a drop in house prices of 15% during the next three years... http://www.spainrei.com/News17.shtml http://www.spainrei.com/News17.shtml Wed, 31st March 2008 13:30:00 GMT Last autumn and winter were the driest seasons on record in Spain, and mounting concern over civilian access to water has led the government to undertake new measures... http://www.spainrei.com/News17.shtml http://www.spainrei.com/News17.shtml Wed, 25th March 2008 12:18:00 GMT Britain’s premier carrier has had its eye on Iberia at least since last year, when the company negotiated a failed takeover with Spanish bank Caja Madrid... http://www.spainrei.com/News17.shtml http://www.spainrei.com/News17.shtml Wed, 19th March 2008 21:24:00 GMT Europe’s largest amusement park, to be built in Aragon’s desert, is in direct conflict with the awareness of sustainable water development raised by Expo Zaragoza 2008... http://www.spainrei.com/News17.shtml http://www.spainrei.com/News17.shtml Wed, 12th March 2008 17:43:00 GMT The 400 euro tax cut promised to taxpayers in Spain during José Luis Rodriguez Zapatero's electoral campaign will be the first measure of the socialist's second term... http://www.spainrei.com/News17.shtml http://www.spainrei.com/News17.shtml Wed, 27th February 2008 18:49:00 GMT Aragon’s regional government recently approved a 16 billion euro project for a massive Las Vegas style resort to be built over the next decade... http://www.spainrei.com/News16.shtml http://www.spainrei.com/News16.shtml Wed, 6th February 2008 16:36:00 GMT More than thirty thousand estate agencies closed their doors last year as a result of the property slowdown Spain has been experiencing since last summer... http://www.spainrei.com/News16.shtml http://www.spainrei.com/News16.shtml Mon, 30th January 2008 11:21:00 GMT The slowdown in Spain’s real estate market is making its mark on the mortgage market with decreases in its main indexes... http://www.spainrei.com/News16.shtml http://www.spainrei.com/News16.shtml Mon, 25th January 2008 12:12:00 GMT The Spanish government’s Ministerio de Vivienda (housing department) released this week the official figures for property prices over 2007... http://www.spainrei.com/News16.shtml http://www.spainrei.com/News16.shtml Mon, 14th January 2008 10:51:00 GMT Only four years ago, few Spanish real estate companies were venturing abroad to explore foreign markets... http://www.spainrei.com/News16.shtml http://www.spainrei.com/News16.shtml Tue, 11th December 2007 11:49:00 GMT The Spanish government is planning to bring in a policy to give home owners the opportunity to make their homes environmentally-friendly by giving out grants... http://www.spainrei.com/News15.shtml http://www.spainrei.com/News15.shtml Mon, 3rd December 2007 16:17:00 GMT The Spanish Government has launched more than 100 investigations on the issue of corruption in real estate... http://www.spainrei.com/News15.shtml http://www.spainrei.com/News15.shtml Mon, 26th November 2007 14:01:00 GMT “Transparency” and “democracy” are the values meant to be transmitted by the new courthouse of Madrid’s Civil Justice Campus... http://www.spainrei.com/News15.shtml http://www.spainrei.com/News15.shtml Mon, 20th November 2007 16:48:00 GMT Eurostar has done it again; impressed us even more with a faster train. It now only takes an astonishing 20 minutes to get from central London to the city of Lille in northern France... http://www.spainrei.com/News15.shtml http://www.spainrei.com/News15.shtml Mon, 14th November 2007 10:53:00 GMT Spain was the fourth country – after the UK, Switzerland and Luxembourg – to unveil the design for its pavilion at the 2010 World Expo in Shanghai as it signed a contract with event organizers earlier this week... http://www.spainrei.com/News15.shtml http://www.spainrei.com/News15.shtml Mon, 5th November 2007 11:49:00 GMT The slowdown in Spain’s residential property market will have a positive impact on the relationship between quality and price for homes in Spain... http://www.spainrei.com/News14.shtml http://www.spainrei.com/News14.shtml Mon, 29th October 2007 13:31:00 GMT Spain has engaged in an intense campaign to promote itself as an elite tourist destination in India. http://www.spainrei.com/News14.shtml http://www.spainrei.com/News14.shtml Mon, 22nd October 2007 12:43:00 GMT In a book published by the Spanish Foreign Ministry, La Cuestión de Gibraltar, Spain has officially reiterated its claim to sovereignty over Gibraltar. http://www.spainrei.com/News14.shtml http://www.spainrei.com/News14.shtml Thur, 18th October 2007 14:29:00 GMT There is a growing concern in the number of British people retiring to Spain who are encountering financial strain. http://www.spainrei.com/News14.shtml http://www.spainrei.com/News14.shtml Mon, 10th October 2007 15:42:00 GMT During the 10 year property boom in Spain, Portugal has also been taken a long for the ride. http://www.spainrei.com/News14.shtml http://www.spainrei.com/News14.shtml Mon, 1st October 2007 15:54:00 GMT Based in the Alicante region, the town of Muro de Alcoy is 30km from Benidorm on Spain's south-eastern coast. http://www.spainrei.com/News13.shtml http://www.spainrei.com/News13.shtml Mon, 24th September 2007 13:02:00 GMT The slow down in Spanish real estate has twisted the markets authority from a sellers market to a buyers market, this can prove positive for those whishing to buy a Spanish property in the near future. http://www.spainrei.com/News13.shtml http://www.spainrei.com/News13.shtml Mon, 10th September 2007 13:02:00 GMT Continually there are on goings stories about Spanish property prices going down, however, there is one village that seems to have struck it rich. http://www.spainrei.com/News13.shtml http://www.spainrei.com/News13.shtml Mon, 13th July 2007 13:02:00 GMT Low-cost airline company Ryaniar will make Alicante its 21st base, adding 11 new routes to the six already serviced from the city. http://www.spainrei.com/News13.shtml http://www.spainrei.com/News13.shtml Mon, 30th July 2007 11:19:00 GMT Next year’s World Expo in Zaragoza (June 14th – September 14th, 2008) will host a particularly interesting attraction: a building with walls made from water. http://www.spainrei.com/News13.shtml http://www.spainrei.com/News13.shtml Mon, 23rd July 2007 11:03:00 GMT Last year, property prices rose by nearly 6%, the lowest rise since 1998 and a definite sign that the market is settling and the second massive real estate boom in Spain’s recent history is coming to an end. http://www.spainrei.com/News12.shtml http://www.spainrei.com/News12.shtml Tue, 17th July 2007 15:32:00 GMT The UN World Tourism Organization has pronounced France and Spain the top tourist destinations in the world, according to data gathered from its 2006 study. http://www.spainrei.com/News12.shtml http://www.spainrei.com/News12.shtml Mon, 9th July 2007 9:35:00 GMT Spain is beginning to react to its growing problem of greenhouse gas emission. Madrid and several other regional governments within the country will plant millions of trees to offset pollution. http://www.spainrei.com/News12.shtml http://www.spainrei.com/News12.shtml Mon, 2nd July 2007 10:00:00 GMT The Costa del Sol may soon have its very own TV Channel transmitting 16 hours per day. http://www.spainrei.com/News12.shtml http://www.spainrei.com/News12.shtml Thur, 28th June 2007 9:51:00 GMT A European estate agents' watchdog is warning home buyers in Spain to check that their property has planning permission before they buy. http://www.spainrei.com/News12.shtml http://www.spainrei.com/News12.shtml Mon, 18th June 2007 11:53:00 GMT Banco Santander Central Hispano announced last week its plan to sell off all of its real estate assets in Spain, excluding their headquarters in Santander. http://www.spainrei.com/News11.shtml http://www.spainrei.com/News11.shtml Mon, 11th June 2007 09:47:00 GMT A quarter of young people in the UK are considering buying property abroad in an attempt to get on to the UK property ladder, new research has revealed. http://www.spainrei.com/News11.shtml http://www.spainrei.com/News11.shtml Mon, 4th June 2007 17:52:00 GMT Spain's property market is second only to that of Florida in terms of performance according to property experts Inside Track. http://www.spainrei.com/News11.shtml http://www.spainrei.com/News11.shtml Tue, 30th May 2007 11:17:00 GMT The Spanish property market has matured and is now more stable than in previous years, one industry expert has claimed. http://www.spainrei.com/News11.shtml http://www.spainrei.com/News11.shtml Tue, 22nd May 2007 12:07:00 GMT For the first year ever, SpainREi.com, the impartial Spanish property portal, has prized a select number of sites devoted to buying property in Spain with its newly created e-award. http://www.spainrei.com/News11.shtml http://www.spainrei.com/News11.shtml Thur, 10th May 2007 15:04:00 GMT Many people who plan to purchase a retirement property abroad may be able to do so without needing a mortgage, according to a new report. http://www.spainrei.com/News10.shtml http://www.spainrei.com/News10.shtml Thur, 3rd May 2007 18:55:00 GMT MyAir, one of the leading domestic low-cost airlines expects to see the number of passengers double this year as a result of the increase in the number of flights to Italy and the introduction of flights from Bucharest to Spain and France. http://www.spainrei.com/News10.shtml http://www.spainrei.com/News10.shtml Wed, 25th April 2007 10:57:00 GMT In the wake of a huge media fenzy over the rising Bulgarian property market, Spain and France still top the charts in property popularity. http://www.spainrei.com/News10.shtml http://www.spainrei.com/News10.shtml Thur, 19th April 2007 11:52:00 GMT Brits planning to buy property in Spain have been warned about the importance of applying for their Numero de Identificacion de Extranjero (NIE) well in advance of making the move. http://www.spainrei.com/News10.shtml http://www.spainrei.com/News10.shtml Tue, 20th March 2007 11:26:00 GMT Spain has remained at the top of the table for property investment despite ever increasing foreign interest in Australian and American hotspots. http://www.spainrei.com/News10.shtml http://www.spainrei.com/News10.shtml Tue, 13th March 2007 10:25:00 GMT From 1st January 2007, foreigners buying in Spain are required to have an NIE (the financial identification number you need if you are a foreigner) in place within 30 days of completion, or face a fine of 5 per cent of the sum due. http://www.spainrei.com/News9.shtml http://www.spainrei.com/News9.shtml Tue, 27th Feb 2007 16:03:00 GMT Spain is one of only two countries of the European Union, along with Ireland, that could suffer from a real estate crash. This, at least, is the conclusion of a study made by the U.S. company American Express Fund. http://www.spainrei.com/News9.shtml http://www.spainrei.com/News9.shtml Mon, 19th Feb 2007 11:33:00 GMT According to figures from Banco de España, investment in Spanish real estate reached 4.4 billion euros up until November of 2006; a figure that supposes a 13 percent decrease from the 5 billion euros that were invested within the same period last year. http://www.spainrei.com/News9.shtml http://www.spainrei.com/News9.shtml Thur, 4th Jan 2007 11:22:00 GMT A new law effective January 1st will equalize the capital gains tax for all homeowners in Spain, from native citizens to foreigners who live part-time or own holiday homes in Spain. http://www.spainrei.com/News9.shtml http://www.spainrei.com/News9.shtml Wed, 13th Dec 2006 11:52:00 GMT New government rulings to tackle real estate corruption are set to offer home buyers a new found confidence in the Spanish property market, with the potential of driving renewed investment in 2007. http://www.spainrei.com/News9.shtml http://www.spainrei.com/News9.shtml Mon, 6th Nov 2006 11:07:00 GMT The Manhattan Plan, a property development consisting of 33 buildings of up to 25 stories that will be built on 610,000 square meters of land, was approved recently by the local government in Valencia. http://www.spainrei.com/News8.shtml http://www.spainrei.com/News8.shtml Tue, 26th Oct 2006 16:40:00 GMT Foreign property investment used to be something most Poles could only dream of, but since Poland's ascension to the EU and a period of economic prosperity, buying abroad is becoming a reality for new home buyers. http://www.spainrei.com/News8.shtml http://www.spainrei.com/News8.shtml Tue, 25th Oct 2006 16:40:00 GMT More tourists rented a holiday home in Barcelona during the past summer than in any other location, according to new research. http://www.spainrei.com/News8.shtml http://www.spainrei.com/News8.shtml Tue, 24th Oct 2006 16:40:00 GMT British holidaymakers have spent almost 22 million hours over the past two summers gazing into foreign estate agent windows in search of the perfect property, according to new research released today. http://www.spainrei.com/News8.shtml http://www.spainrei.com/News8.shtml Tue, 24th Oct 2006 15:40:00 GMT High property prices and the increasing rate of construction in the coastal areas of Alicante, Almeria and Malaga have produced an excess in supply that acts as a braking mechanism to price increases and sales of new homes in these regions. http://www.spainrei.com/News8.shtml http://www.spainrei.com/News8.shtml Tue, 24th Oct 2006 14:40:00 GMT The Deputy Prime Minister, María Teresa Fernández de la Vega announced on Friday that the Government has a policy of zero tolerance against real estate corruption, calling for the cooperation of autonomous regions and local town halls in the matter. http://www.spainrei.com/News7.shtml http://www.spainrei.com/News7.shtml Tue, 24th Oct 2006 13:40:00 GMT After years of conflict over illegally built properties in Chiclana de la Frontera (Cadiz province) the local PSOE Town Hall has taken the step of offering an amnesty to all the homes, across the municipality. http://www.spainrei.com/News7.shtml http://www.spainrei.com/News7.shtml Tue, 17th Oct 2006 16:40:00 GMT The European Commission has given Spain a final notice to change controversial urban laws in Valencia that infringe on community rights. The local government in Valencia has two months to adapt the law as specified by Brussels before the case is taken on by the European Court of Justice. http://www.spainrei.com/News7.shtml http://www.spainrei.com/News7.shtml Sun, 15th Oct 2006 16:40:00 GMT The Civil Guard has announced plans to set up a new task force to combat real estate corruption, town planning crimes and illegal building in Spain. http://www.spainrei.com/News7.shtml http://www.spainrei.com/News7.shtml Sat, 14th Oct 2006 16:40:00 GMT The regional government has estimated that wind and solar power will produce a third of the Murcia Region's electricity supply in six years' time. http://www.spainrei.com/News7.shtml http://www.spainrei.com/News7.shtml Fri, 13th Oct 2006 16:40:00 GMT British based airline carrier Jet2 has bagged the award for "Best European Short-Haul Airline’, at the Travel Awards 2006 held in South Africa this week. http://www.spainrei.com/News6.shtml http://www.spainrei.com/News6.shtml Thu, 12th Oct 2006 16:40:00 GMT TNearly one sixth of the UK population intends to relocate abroad due to dissatisfaction with life at home http://www.spainrei.com/News6.shtml http://www.spainrei.com/News6.shtml Wed, 11th Oct 2006 16:40:00 GMT New homes in Valencia this year are selling at a faster pace than in cities like Madrid or Barcelona, according to a study published by property consultants Aguirre Newmann. http://www.spainrei.com/News6.shtml http://www.spainrei.com/News6.shtml Fri, 6th Oct 2006 16:40:00 GMT The euro weakened on Thursday after the European Central Bank raised interest rates in the Eurozone by 25 basis points to 3.25 per cent. http://www.spainrei.com/News6.shtml http://www.spainrei.com/News6.shtml Thu, 5th Oct 2006 16:40:00 GMT The Spanish real estate market may have reached the end of a ten year boom, but property prices will not crash, say experts. http://www.spainrei.com/News6.shtml http://www.spainrei.com/News6.shtml Wed, 4th Oct 2006 16:40:00 GMT Despite a bout of property slump scare stories, experts are still touting Spain as a hotspot for long term investment. http://www.spainrei.com/News5.shtml http://www.spainrei.com/News5.shtml Sun, 1st Oct 2006 16:40:00 GMT For those who fancy a bolt hole or a jet-to-let in Spain without the heavy price tag, the little-known Andalucian town of Jaén could prove a good place to buy. http://www.spainrei.com/News5.shtml http://www.spainrei.com/News5.shtml Sat, Sept 30th 2006 16:40:00 GMT One third of the 2007 state budget for the Malaga province will be spent on improving the airport, including construction of a second runway, the government announced yesterday. http://www.spainrei.com/News5.shtml http://www.spainrei.com/News5.shtml Mon, 25 Sep 2006 16:40:00 GMT Europe's second-largest no-frills airline, has announced plans to launch six new routes from its new base at Madrid's Barajas airport. http://www.spainrei.com/News5.shtml http://www.spainrei.com/News5.shtml Sat, 23 Sep 2006 16:40:00 GMT Another gang of foreign criminals has been broken up by the police in Málaga this week. In the latest case, 11 Algerians, specialists in villa robberies, car thefts and credit card fraud, have been arrested in Benalmádena, Torremolinos and Málaga. http://www.spainrei.com/News5.shtml http://www.spainrei.com/News5.shtml Wed, 20 Sep 2006 16:40:00 GMT From today new regulations in Málaga City mean that all blocks of flats and buildings that are more than 20 years old need to have regular obligatory inspections, paid for by the proprietors. http://www.spainrei.com/News4.shtml http://www.spainrei.com/News4.shtml Mon, 18 Sep 2006 16:40:00 GMT As social stereotypes go, the Brits are probably best known for their passion for beer, sun and football. Canny property developers have caught onto the obsession for the latter and have built a sporting village in Spain, giving home owners the chance to buy a place in the sun alongside football legends such as Tottenham's Paul Robinson and Arsenal Player José Antonio Reyes. http://www.spainrei.com/News4.shtml http://www.spainrei.com/News4.shtml Mon, 18 Sep 2006 16:40:00 GMT Leon, located in Castilla-Leon and bordering Galicia, will host its second annual real estate fair. http://www.spainrei.com/News4.shtml http://www.spainrei.com/News4.shtml Mon, 18 Sep 2006 16:39:00 GMT Yet another criminal mastermind has been arrested in connection with Marbella property scams this weekend. http://www.spainrei.com/News4.shtml http://www.spainrei.com/News4.shtml Mon, 18 Sep 2006 16:35:00 GMT HM Revenue and Customs is cracking down on families who own overseas property over concerns that they could be avoiding inheritance tax responsibilities. http://www.spainrei.com/News4.shtml http://www.spainrei.com/News4.shtml Sat, 16 Sep 2006 16:35:00 GMT One in four of the new pupils starting school for the first time this year in the Málaga province is a foreigner. Out of 271,000 pupils returning to school tomorrow an estimated 21,500 of them are not native to Spain. http://www.spainrei.com/News3.shtml http://www.spainrei.com/News3.shtml Fri, 15 Sep 2006 09:35:00 GMT According to a study by OBJOVI (part of the Spanish youth advocacy group CJE), only 11% of the nearly 4 million young people in Spain between 18 and 24 years of age managed to leave their parent's homes and purchase their own homes in 2005. http://www.spainrei.com/News3.shtm1 http://www.spainrei.com/News3.shtml Fri, 15 Sep 2006 09:30:00 GMT The publicly traded Spanish real estate companies generated over 1 billion euros in the first quarter of the year; an increase of 53.12% as compared to the first quarter of 2005. Spain's six largest real estate companies – Metrovacesa, Urbis, Fadesa, Astroc, Colonial and Riofisa – together produced just over 975 million euros of the total industry profits. http://www.spainrei.com/News3.shtml http://www.spainrei.com/News3.shtml Thu, 14 Sep 2006 19:30:00 GMT With the aim of promoting environmental awareness within the real estate industry, the Spanish real estate firm Iberdrola (a branch of the renewable energy company by the same name) recently created a specialized department to make possible the construction of eco-efficient, sustainable homes. http://www.spainrei.com/News3.shtml http://www.spainrei.com/News3.shtml Wed, 13 Sep 2006 19:30:00 GMT The Spanish government is considering introducing London Style congestion charges for cars entering the major Spanish cities. The idea will be debated in PSOE's annual political conference due to take place between September15-17. http://www.spainrei.com/News3.shtml http://www.spainrei.com/News3.shtml Wed, 13 Sep 2006 18:30:00 GMT The exclusive suburban district of Bendinat in Mallorca has been rated as the most expensive place to live on the Spanish coast. With each square metre of property costing upwards of 4000 Euros, the area has become a luxury resort for wealthy investors. http://www.spainrei.com/News2.shtml http://www.spainrei.com/News2.shtml Tue, 12 Sep 2006 12:00:00 GMT Official figures reveal that house prices will increase by less than 10% in Spain over the next period, the lowest rise in the last six years. http://www.spainrei.com/News2.shtml http://www.spainrei.com/News2.shtml Mon, 11 Sep 2006 11:00:00 GMT In a disastrous effort to boost its profile in Spain, Irish air carrier Ryanair caused pandemonium in Barcelona last week, offering free flights to anyone who turned up in the main square holding a sign complaining about rival Iberia. http://www.spainrei.com/News2.shtml http://www.spainrei.com/News2.shtml Wed, 6 Sep 2006 17:00:00 GMT Owners of properties that have been built in Chiclana without building licences may be in for some good news according to Costa Del Sol News Online. http://www.spainrei.com/News2.shtml http://www.spainrei.com/News2.shtml Wed, 6 Sep 2006 10:00:00 GMT The thriving town of Tarifa on the Costa de la Luz appears to be offering a substantial boost to the Spanish property market according to Assetz. The trendy region is a watersports mecca thanks to its location in the Atlantic and strong coastal winds. http://www.spainrei.com/News2.shtml http://www.spainrei.com/News2.shtml Tue, 5 Sep 2006 11:30:00 GMT Clickair, the low-cost airline backed by Iberia, will start selling tickets this week, the company announced today (Sept 5). http://www.spainrei.com/News1.shtml http://www.spainrei.com/News1.shtml Mon, 4 Sep 2006 11:30:00 GMT Golf is now estimated to be generating more than 900 million euros in the Málaga province every year according to website Typically Spanish. http://www.spainrei.com/News1.shtml http://www.spainrei.com/News1.shtml Fri, 1 Sep 2006 13:30:00 GMT It came as no surprise to analysts that the Spanish government rejected an EU proposal, in June last year, aimed at eradicating extreme poverty in the world because of the impact it would have on Spanish tourism. http://www.spainrei.com/News1.shtml http://www.spainrei.com/News1.shtml Fri, 1 Sep 2006 18:30:00 GMT Investment Advisor Assetz has revealed that in the third quarter of 2006, Bulgaria has suffered a dramatic change of fortunes. With total returns on cash invested falling from 104% in June this year to 44% currently, Bulgaria has plummeted from the top of the table where it has been since March, to sixth place and is likely to drop further still. http://www.spainrei.com/News1.shtml http://www.spainrei.com/News1.shtml Tue, 29 Aug 2006 18:30:00 GMT Three quarters of first-time buyers in Northern Ireland would consider buying their first property abroad if they continue to be priced out, further research from Moneycorp has revealed. http://www.spainrei.com/News1.shtml http://www.spainrei.com/News1.shtml Tue, 29 Aug 2006 13:30:00 GMT The average occupancy of hotels in Tarifa, Algeciras, La Línea and Zahara de los Atunes, reached 91.5% in the first two weeks of August according to The Association of Hoteliers.