Tag Archives: house

Turre trio charged with selling warehouse as a real home

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A couple from Turre, plus a female friend, are all looking at three years in jail after they were arrested for trying to sell a storeroom as a real house to the aunt of the female friend. They managed to flog the home for 177.000 euros, but when the aunt turned up she realised it was a hut in a field and the photos she’d seen were false. The hut was valued at around 20.000 Continue reading Turre trio charged with selling warehouse as a real home→

House sales back to 2007 levels in surprise surge

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1.089 homes were sold in Almería in May, the highest number since 2007, bringing the province back to pre-recession levels. That’s 65% more than were sold in May 2014, and 17% of all homes sold in Andalucia that month were sold here. Most of the homes were resales rather than new properties, but the sudden surge has left estate agents surprised. Some agents think that a backlog of properties waiting to be registered in the Continue reading House sales back to 2007 levels in surprise surge→

Spanish homes sales in 2013 continued to drop

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Year on year sales of homes in Spain continue to drop – in 2013, just 311.500 homes were sold, 2.2% fewer than in 2012. That’s a 60% drop in year on year sales over 2007, when 775.300 homes were sold, and the third year in a row to see sales drop. The ending to tax aid on new home purchases in 2013 helped to bolster 2012 sales but caused 2013 sales to drop, I’d reckon. Continue reading Spanish homes sales in 2013 continued to drop→

The only thing colder than the wind today is the governments plan for Spanish banks (and stuff the home prices)

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Get your house in order, and quick. Otherwise we’ll merge or close you. That’s the basic attitude of the government plan to stabilize the Spanish financial sector, published yesterday by Minister for Economy Luis de Guindos. The plan Guindos as it is known, will force banks to accumulate by years end 50 billion euros in cash and assets to write off losses from the real estate sector. 35 billion in cash, 15 billion in assets. Continue reading The only thing colder than the wind today is the governments plan for Spanish banks (and stuff the home prices)→