The largest Spanish property developer collapses

Fears about the extent of the economic problems facing Spain intensified yesterday when the country’s largest property developer filed for bankruptcy. Martinsa-Fadesa, whose interests span apartment buildings, hotels and golf courses, said that it had been unable to secure a €150 million loan from the banks and creditors that hold its €5 billion of debt. […]

Read more...

House prices in Spain will fall up to 30%

House prices in Spain will fall up to 30% in real terms within three years and the property sector faces at least two years of recession, said the head of one of Spain’s biggest real estate firms, Colonial, on Tuesday. “I see very few short-term solutions in the property business,” Mariano de Miguel told a […]

Read more...

Ultra modern villas launch in Spain

The downturn in the property market in Spain has helped one project which has just launched its ultra modern villas despite the gloomy headlines. Paul Rossiter, Managing Director of Contemporary Villas, admits it is not the best time to be launching a new property company but he believes the niche market it is aimed at […]

Read more...