Article from Spanish Real Estate website The current housing market situation in Spain is also affecting the Costa del Sol, offering economical prices for buyers and investors that are looking for “hot spots” in this much desired area. According to our criteria, if we have to mark out a “micro-market” in the Costa del Sol that stands above the rest, it is Manilva.
The Spanish real estate market might face an imminent change in the price of its real estate holdings, due to the reform of the financial system being prepared by the Government. Luis de Guindos, the Economy Minister, had a clear message early this week: “Banks have one year to stop speculating and set their real estate stock to a realistic market price”. Spanish prop
The Spanish economy in 2012 is not likely to improve according to the latest forecast of the Bank of Spain. The official 2012 forecast by Banco de España (Bank of Spain) predicts that the Spanish economy will shrink by 1.5% during the year and the unemployment rate will increase to 23.4%. Furthermore, the International Monetary Fund predicts that Spain will still be in recession for