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Outlook for Spanish Real Estate Still Bleak - holprop.com
09 February 2011

A sunny lifestyle, spectacular views of the Mediterranean and the hills, warm, friendly people and a vibrant social scene have made Spain one of the most popular destinations for international tourists, retirees as well as younger permanent residents. With an increasing influx of foreigners seeking sun, fun and warmth, the demand for homes accelerated and a slew of budget townhouses and apartments came up on the Costa Blanca, Costa de Almería and Costa del Sol. For the wealthy there are places s...

Posted By : Public
 
The Rain in Spain...Stays Around for Real Estate
10 April 2010

It's a lyric in the musical My Fair Lady, and the words are “The rain in Spain stays mainly in the plain.” From 1997 to 2004, property prices in Spain rose around 173%. It was a sunny time for real estate investors, building trades, and the economy as a whole. But, today's picture is very different. It's raining, and the rain isn't staying put “in the plain.” Real estate is depressed just about everywhere in the country, and the effects ripple through the economy. Talking recently to Rad...

Posted By : Holprop
 
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