Spain ‘needs to start building again’

The annual TINSA report on the state of the Spanish housing market has warned that major cities are seeing an upswing in new build sales, and that unless construction increases 2018 could see the market stall for lack of new homes. But Almeria continues to be the province with the greatest number of unsold homes. Of all homes built in the last seven years, 39 per cent or 13,389 new builds remain unsold. TINSA warns Continue reading Spain ‘needs to start building again’

1,500 homes to be built from next year in Palomares

Grupo Almanzora says it will press ahead from next year with plans to build 1,500 homes in Palomares, along with the obligatory hotel. The company owns 75% of the land, and some 55 smallholders own the rest of the land which is to be developed. Most of it is prime beach front property. Grupo Almanzora says 50% of the homes will be individual chalets and the rest viviendas adosadas. The company says that the construction Continue reading 1,500 homes to be built from next year in Palomares

Luxury homes builders start work again in Spain

From the Sunday times today: When American entrepreneur Gregory Peters planted the first palm trees in the dusty soil of La Manga Golf Club more than 43 years ago he can have had no idea that the resort — and the country around it — would be in the rough more times than Tiger Woods’s comeback. La Manga Club, a holiday resort not far from Murcia in southern Spain, encapsulates the Spanish property market, mirroring Continue reading Luxury homes builders start work again in Spain

1,500 homes approved for Garrucha (plus Lidl and another shopping centre)

The Mayor of Garrucha is going out in style after he signed yesterday a license for the construction of 1,500 homes and a shopping centre in the sector 2 zone (the flat bit of land between Garrucha and the main bypass) which is to be built by a company called Hispavima. Hispavima will be building on 292,000 square metres of land, and plans to construct 1.100 homes to be sold on the open market, plus Continue reading 1,500 homes approved for Garrucha (plus Lidl and another shopping centre)

Almería’s largest builder nicked for tax evasion

The man who was Almería’s largest builder during the boom years, Antonio José Pérez, has been arrested for tax evasion. They couldn’t get him for running off with the deposits of hundreds of customers, but by gum – forget to file a tax return and they come down heavy. Antonio was the founder of Obrascampo, a company that in 2007 was turning over 50 million euros a year and employed over a thousand people, building Continue reading Almería’s largest builder nicked for tax evasion

1,500 home urbanisation approved for Garrucha

Miguel Vivancos – a well known Murcian promoter known as “the king of tin” after his earlier business successes in Murcia making tins for canned goods – has received permission to start building 1,500 homes, a 2,600 space car park and a commercial zone on the outskirts of Garrucha. The urbanisation will go on your left as you leave Garrucha towards Las Bouganvillas roundabout, where years ago there was a go-karts and before that, a Continue reading 1,500 home urbanisation approved for Garrucha