Monthly Archives: March 2012

New Move in Spanish Rentals: The Public Society of Renting Disappears

  The Public Society of Renting (SPA), a public agency funded and financed by the previous Spanish government, has been definitively closed by the new government due to the economic losses that are involved.  It was created with a budget of €20 million and it closes with a deficit of €37 million.   The objective of the SPA was to mediate between supply and demand of rentals in

Banks Accumulate 140,600 Properties That Might Reduce in Price by 35%

  Banks have accumulated 140,600 finished Spanish real estate assets that could already be for sale.  The banks' portfolio of Spanish properties for sale has a rough value of 26,700 million euros, but in little more than a year it will be devalued by 35%, according to the firm CB Richard Ellis.  This is the provision that the executive branch of government demands for finished housing in i

The Tomato fight (Tomatina) is always the last Wednesday of August

Buñol is a city in the center of the Province of Valencia and it has been a faithful witness of Spanish history.  Occupied by Romans, Arabs, Moors, and the French, the foreign influences are considerably visible in many of the buildings, but also in the small details of daily life. Blessed with the Mediterranean climate, Buñol has many charms that tourists know how to appreciate.  At almost

The Salamanca “Barrio” of Madrid Offers Exclusivity and Good Prices

    The housing market of the Salamanca barrio of Madrid, one of the most exclusive and well-known of the capital, has two faces to it.   One of them is that of the majestic houses.  Many of them are like palaces, of an old mint, needing renovation, which are arguably the wealthiest in the entire world. Look up this interesting list of properties to invest in Madrid: Spanish pr

Málaga: Home Values Continue Dropping As Rates of Renting Increase

  Article from Spanish Real Estate website   The housing sector of Málaga continues to be left in a lurch and wracked by uncertainty. These are the main conclusions of the Malaga Residential Market Report in 2011 by Aguirre Newman, which points to a drop in home values thanks to the restructuring of products for sale into rentals. In addition, it is anticipated that this trend