Archives for November 2007

November 30th, 2007

Under new town PGOU, new properties in Algorfa would turn a village with around 3,000 inhabitants into a large town with 60,000. Every municipality in Spain has a PGOU; a plan for development in the area that is approved by the regional government. The PGOU sets out which land can or ...

Continue reading Large-scale Development For Spanish Village

November 27th, 2007

I had to laugh. Just back from Las Vegas and I find that the Spanish are to build their own rival in Aragon. The climate will be a little different from Nevada though - Most of Aragon enjoys decidedly seasonal weather. We receive more and more questions about property prices every ...

Continue reading Size Matters

November 27th, 2007

Despite my reservations about the quality of the information produced by the Ministry of Housing, they do have access to all the price information that every one wants (even if they choose not to share it, or when they do, display it in suitably cryptic fashion). If you've ever tried to ...

Continue reading Ministry of Housing Cheat Sheet

November 27th, 2007

A VAST Las Vegas-style casino and theme park complex is to be built in a Spanish desert after the regional government in Aragon approved the £12.2 billion project last week. The casino “city”, to be built on 5,000 acres over the next decade in eastern Spain, will include 32 hotels, five ...

Continue reading Spain plans for new Las Vegas

November 26th, 2007

José Fernández Pérez is the head of the Coasts Authority in the Ministry for the Environment. His department recently commissioned a report into coastal planning from Punta Carnero in the province of Cadiz to Almería, carried out by the Alatec Consultancy, in which over-building on the Malaga coastline is analysed. ...

Continue reading Coasts Authority Optimistic about Future

November 23rd, 2007

A TAX bill of up to €650 million could be facing thousands of Irish people who own property in Spain. It is estimated that close to 100,000 Irish people own a Spanish property on which local taxes and rates are payable. Up to 50% of these property owners, however, do ...

Continue reading Big bill for Spanish property owners

November 22nd, 2007

Recent reports on the effect of global warming on Spain's coastline are blamed for falling property prices in Murcia. Earlier this month, Greenpeace released a book of photographs, Photoclima: Imágenes de un futuro afectado por el cambio climático, showing the effect of global warming on Spain's environment. Among the most dramatic ...

Continue reading Environmental Reports Impact On Property Prices

November 21st, 2007

That famous Halifax business slogan “Always giving you extra” certainly rings true when it comes to expansion in the Canary Islands. In a fast-growing market, Fuerteventura welcomed the first Banco Halifax Hispania in September and now Fanabé on Tenerife has become the second prestigious location. Further branches are to follow, including ...

Continue reading Second Halifax for Canaries

November 20th, 2007

The golden swathe of sand stretched for miles into the hazy horizon and here and there little groups of sunbathers basked beneath the brilliant blue sky. I had to pinch myself to remember that this really was summer time in the south of Spain! Around the corner of the coastline, ...

Continue reading Spain’s Forgotten Costa

November 19th, 2007

Regional government plans to spend 30 million Euros between now and 2010 on restoring historic town centres. Anyone lookinb to buy a property in Spain to renovate may be interested to find out how many affordable, run-down buildings there are in the country's north-west. Now Galicia's junta (or xunta, as it's ...

Continue reading Galician Government To Restore Period Properties

November 16th, 2007

AT the end of October, Madrid made an announcement of a radical change in the policy that has seen Spain’s coast become saturated in concrete. Since the 1960s – when international tourism in Spain gained huge popularity – hotels, apartment blocks and homes went up at an alarming rate to satisfy ...

Continue reading Coastal Sustainability Update

November 15th, 2007

Holidaymakers looking for package holidays to Spain are opting for the Canaries – rental property owners, take note! No matter what anyone tells you, any expat who lives in Spain will tell you it's not sun, sun, sun on the mainland all winter, and the further inland you get from the ...

Continue reading The Canary Islands Are Tops For Winter

November 13th, 2007

Two news stories caught my eye this week. The first is about the job/skills shortage in Spain that we have experienced first-hand at Kyero.com The majority of our technical staff are not located in Spain at all. They're currently located in London, Paris, Belfast and Rotterdam - everywhere except Spain. The ...

Continue reading No Jobs, Skills or Building in Spain

November 13th, 2007

The Balearic islands are to freeze all construction along the most delicate parts of coastlines and around the islands' capitals, which have been blighted by property developments since mass tourism first arrived in Spain in the 60s. The plan, set to be announced tomorrow, will come into force immediately in ...

Continue reading Spain Halts Balearic Building

November 12th, 2007

According to research by MRI Overseas Property, 24 million people Britons would consider buying an overseas holiday home but just 15% would consider letting this property for rental income which means they are missing out on potential rental revenue from their holiday home. Nearly 30% of overseas property owners only visit ...

Continue reading Britons Miss Out on Overseas Income