Credit crisis rocks housing boom in Spain

Builders throughout Spain are going out of business because real estate developers — whose sales have slumped — cannot afford to pay them. »

Home sales plummet in Spain

Home sales in Spain fell 27 percent in January compared to a year ago, the government reported Wednesday, releasing more bad news from the country’s once-booming real estate sector. »

Spain sees 14 percent drop in property sales in 2007

Rising interest rates and the international credit crisis have hit Spain’s loan-fueled housing market. »

Spain bank slashes property lending as crisis looms

One of Spain’s biggest private savings banks has slashed lending to property developers which are caught in a looming housing crisis and barely able to sell land or property, its head of property lending told Reuters on Tuesday. »

Costa Brava Photo Blog

As if you needed any reminders of why you feel in love with the Costa Brava in the first place, the Costa Brava Photo Blog will inspire you to return again and again (or, better yet, to settle there). »

Spanish property: A wise investment?

Numbers seem to suggest that foreign demand for Spanish property has picked up significantly since last year, even though property professionals report that the market is still very slow. »

Housing Market Slump `Unthinkable’ in Spain, Government Says

The Spanish banking system is also solid enough to withstand rising financing costs triggered by the fallout from the surge in defaults in the U.S. subprime mortgage market. »