Resale asking prices for property in Spain fell 0.4% in July compared to the same month last year, according to the index published by Idealista.com, a leading property portal. The problem is average asking prices in Spain are a long way from the reality of what buyers are prepared to pay. Vendors are now asking [&]

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Spain will be one of the developed countries where property prices are hardest hit by an ageing population, argues a new report from the Bank of International Settlements (BIS). It forecasts that by 2050, an increasingly elderly population will leave Spanish property prices 75% lower in real terms than they would have been without the [&]

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Rents are rising and prices are falling, so yields are improving for landlords. Average rental prices rose by 1% in July compared to last year, show the latest figures from the National Institute of Statistics (INE). This is surprising given the glut of property for sale and rent on the market. Over 6 months annualised [&]

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In yet another sign of continued weakness in the Spanish property market, the number of property appraisals carried out last year fell 4%, according to a new report from the Bank of Spain. But whilst the number of appraisals fell by just 4%, property values contained in those appraisals fell by an average of 17%. [&]

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The Spanish government is asking as many as 8,000 young adults to return their means-tested housing benefits after they were paid by mistake. The Ministry of Housing has sent a letter to 8,000 recipients of housing benefits for the young (RBE) ordering them to return the money received after the Spanish Treasury discovered they earned [&]

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The town council of Marbella has slashed the fine that developers will have to pay for legalising homes they built in contravention of planning permission, bringing the end of Marbella’s town planning chaos a step closer. So long as the developers responsible for building some 16,500 illegal properties in Marbella compensate the town hall for [&]

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The United States director is presenting his new film and supporting a tourism campaign for Asturias

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