Arancha Ibarra considers herself one of the lucky victims of Spain’s housing collapse. After struggling to find a buyer for her renovated two- bedroom apartment in Madrid for two years, Ibarra found a tenant for 750 euros ($1,066) a month, becoming one of the 1.5 million second-home owners thrust onto the country’s rental market.
The number [...]
In the meantime, there are countless cheap properties in Spain to be had, thanks in part to a surfeit of new properties as a result of oversupply. It’s a buyer’s market right now, and people are slowly returning to Spain as confidence is gradually restored. Do your research, and Spanish property can still be a [...]
This week, the IMF is counselling prudence and continued financial vigilance because it, unlike the Spanish PM, believes that the global economy is a long way from recovery.
Spanish property owners are restructuring debt with their creditors throughout Europe as the recession hammers the cash flows and values of commercial property.
