3 Years to Clear 1 Million Spanish Property Glut

Spain’s developers finished 2008 with 1.05 million newly built homes in stock, according to a new study by José García-Montalvo, a professor at the Pompeu Fabra University. Based on last year’s average sales rate this inventory of unsold new homes will take more than 3 years to clear. Some regions are faring better than others. [...]

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New house price index expected in Spain

Spain is launching a new house price index on Oct. 1, the Spanish statistics institute said. The data will be an alternative to Housing Ministry figures which analysts have criticized for not reflecting the property market slump. Spanish house prices dropped by 0.3 percent between April and June, while home sales fell 31.5 percent in [...]

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Spanish cities: Seville

Seville is the capital of the autonomous community Andalusia as well as of the province of Seville. It is located in the south of Spain at the River Guadalquivir. The city is an important industrial and commercial centre. Due to its rich and traditional Spanish culture it is a goal for many, many tourists. There [...]

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