Spanish property prices fell at their fastest rate since records began in the first quarter, government data showed on Wednesday, while analysts forecast more big falls in property values. House prices in Spain fell 6.8 percent in the March quarter, compared with the same period in 2008. On a quarter-on-quarter basis prices declined by 3 [...]
This could hardly be called a cheery week for Spanish property news. Even the fact that Sterling is worth more Euros this week than last, is more of a reflection of European pessimism, than UK optimism. The eagerly anticipated Tinsa index failed to offer any crumb of comfort regarding early signs of an economic recovery [...]
British expats living in some of the most sun-drenched retirement hotspots around Europe have been using EU law to make sure they get every penny of their UK benefits this winter. An article in the People newspaper this week has revealed that up to 14million pounds in winter fuel payments have been claimed by people [...]
Hundreds of Britons living in Spain are fighting to save their homes after becoming involved in an alleged multi-million-pound fraud involving the collapsed Icelandic bank Landsbanki. Up to 600 expats were persuaded to raise money against the value of their properties to invest in a fund run by a subsidiary of Landsbanki.
Many raised hundreds of [...]
Real estate brokerage firms have truly been decimated by the collapse in the construction and real estate buying sectors. Only 25,000 real estate companies have survived the crisis of the 80,000 that were registered in the summer of 2006 when the construction boom was in full swing, amounting to a [...]
The British love affair with Spain appears to be on the wane after new figures showed tourists heading for the Costas fell by 23.4 per cent last month. Figures from the Spanish Tourism Ministry released on Monday showed the number of British tourists dropped by almost a quarter compared with the same period in 2008.
The [...]
A court decision in Spain has opened the way for thousands of UK citizens to reclaim some of the real estate tax they paid when they sold their homes there. The High Court in the region of Valencia has ruled in favour of a British couple, Mr and Mrs Roy. It told the Spanish tax [...]
