The City Council of Blanes, in the Catalonia province of Girona, in expecting the city to grow by 20.000 people over the next thirty years.
While a number of European countries are slowly recovering from the economic downturn, Spain remains stuck in its worst recession in 60 years.
high unemployment, high budget defitic and low consumer demand continue to contribute to the country’s financial crisis.
high unemployment, high budget defitic and low consumer demand continue to contribute to the country’s financial crisis.
Spanish house sales dived by 36 percent from July to September compared to the same period of last year and housing starts sank by 49 percent, the Housing Ministry said on Thursday.
However, Corredor reiterated it was a good time for first-time Spanish house buyers to enter the market as large property developers are likely to offer price discounts given the high level of new unsold homes.
Enforcing a much-neglected 1988 law, the Socialist government is getting tough about what constitutes coastal public domain - the strip of land stretching back from the water’s edge - and telling thousands of house and apartment owners their properties do not really belong to them.
The unforeseen rapidity with which the Spanish housing market is falling seems to indicate that it may well bottom out earlier than the most pessimistic forecasts say it will.
Both buyers and sellers appear to be taking a deep breath, in anticipation of more bad news to come about dropping valuations and tightening credit.