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The property boom in Spain that has lasted for a decade has now come to an end. The total number of property transactions recorded in Spain's property register in 2006 showed a drop of 7.4% from the previous year down from 989.341 in 2005 to 916.103. Even in Spain’s most popular areas for tourism and foreign investment, unit sales have
plummeted: in Andalusia sales have decreased by 7.3 per cent, Catalonia 8.8 per cent, and Valencia 8 per cent. |
| Property market meltdown anticipated in Spain | Development ban in Spain | |
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| Dream homes turned nightmare in Spain | Property slump in Spain | |
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Spain charged with illegally reclaiming properties - The European Commission yet again threatens to take Spain to the European Court of Justice unless it changes its so-called land-grab laws by December. - 21st February 2007 10:04
Spain Under EU Investigation - Spain has once again become the object of the EU Commission’s censure, and has now been taken to the European Court over allegations of backhand state funding in the energy sector. - 5th February 2007 09:33
Latest Report on Spain's Regional Economies - An investigation into the ‘Regional Economic Balance 2000 – 2005’ in Spain reports its findings about immigration, economic growth, and the cost of living across the country. - 29th January 2007 13:46
Riots in Madrid - A clash between rival gangs has escalated into riots in Alcoron. - 29th January 2007 13:44
ETA claims Madrid bombing - The Basque separatist group Eta has claimed responsibility for the bomb at Madrid’s Barajas airport last week, which killed two people. - 29th January 2007 13:42
Gentle acceleration of the economy continues - New data released by the National Statistics Institute (INE), has revealed that gentle acceleration of the Spanish economy has continued into the 3rd quarter of 2006. - 20th November 2006 09:55
334 homes hang in the balance - Amidst the legal deluge against those responsible for corrupt town planning in Marbella, more than 300 of the homes granted illegal building permits, could face immediate destruction. - 20th November 2006 09:41
Spanish inflation falls to a two and a half year low - According to figures released today, Spanish inflation fell to its lowest mark since the socialist government came into power in early 2004. - 17th November 2006 09:33
