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Author: SpainHouses.net

Published on Leave a comment on Spanish Banking System under exam

The Bank of Spain had chosen two consultants so that they value the Spanish banks’ assets.

The purpose of this evaluation is to “increase transparency and definitively dispel doubts about the valuation of bank assets in Spain”, Economy Ministry sources said.

De Guindos 300x198 - Spanish Banking System under examThe independent consultants selected are the German Roland Berger, and Oliver Wyman of the United States. Oliver Wyman has a dark point on his curriculum as he classified Anglo Irish Bank as the best in the world in 2006, just two years before this bank was nationalized.

Economy Minister Luis de Guindos refused on Monday any further serious regression in home loan defaults.

The performing loan ratio for mortgages currently stands at 2.8 percent, compared with 21 percent for credit to the real estate sector. The banking system’s loan portfolio is currently around 1.76 trillion euros, of which 656 billion is in the form of mortgages to individual homeowners and around 310 billion to property developers. In a decree approved earlier this month, the government increased provisions for loans to developers to up 45 percent of the value of the credit.
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Published on 2 Comments on Penthouse in Playa D’en Bossa

Penthouse brand new, upmarket, spacious in first line

Penthouse brand new, upmarket, spacious in first line, with a beautiful view to the sea and the mountain located on the famous beach d´en Bossa, with design furniture, only 20 m from the beach and 5 minutes from the Centre of the city and the airport.

Exclusive reception customer tourist guide to the island. It has an area of 140 m 2 and has 3 wonderful terraces; one in main room of 40 m2, another in living room with large dining area and relax of 60 m 2 and a solarium of 110 m2, with a large chill out covered area.

It consists of 2 double rooms and a main bedroom with en-suite bathroom with jacuzzi from which you can see spectacular views of the mountain. It also has another bathroom with walk-in shower. Kitchen equipped with all kinds of appliances, satellite TV, DVD, stereo/Home Cinema equipment, air conditioning cold/heat with digital control, motorized blinds. It has swimming pool for adults and another for children, garage and also boasts a supermarket in the same building, very práctico.

A house exclusive, comfortable and practical, with all the means at its disposal located in one of the best areas of Ibiza and the beach, to spend an unforgettable vacation in the magical island of Ibiza.

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Published on 1 Comment on Justin Bieber Buys Home in Los Angeles

Justin Bieber Paid $6.6 Million for Calabasas Mansion

There's a certain Spanish touch to Justin Bieber new house. After months of rumors and speculation, it's official: Justin Bieber paid $6.5 million for the mansion he recently bought in Calabasas, outside the city of Los Angeles, according to the Los Angeles Times.

The 10,000-square-foot house sits on 1.3 acres and has seven bedrooms, a pool and a wine cellar.

The kid's got taste!

bieber12 - Justin Bieber Buys Home in Los Angeles

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Published on Leave a comment on Zaldibar Kindergarten

Zaldibar Kindergarten in Spain

The proposal for Zaldibar kindergarten by VAUMM is composed of two buildings, connected by playgrounds. The plan responds to a simple strategy of settlement on the site, which is to get the most out of this relationship between full and empty.

The diversity of color and interior cladding, which can be used in each room, make contrast with the external image of two buildings designed to provide an oasis of calm in the stridency and disorder in the external environment.

guarderia - Zaldibar Kindergarten

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Published on Leave a comment on Europe Construction Sector Growing Up

Spain declines construction -1.8 per cent Under Construction by Mickka 300x187 - Europe Construction Sector Growing UpThe eurozone construction sector recorded an increase in activity in March of 12.4 per cent over the previous month, when it had fallen by 10.4 per cent, while year-on-year the decline was 3.8 per cent, according to data published on Monday by the European statistics office, Eurostat. In the whole of the European Union, production in the construction sector soared 11.8 per cent from February, when it had fallen by 5.7 per cent, while year-on-year it had dropped by 3.9 per cent. Cinco Dias reported that among the countries for which data were available, the activity in the construction sector increased in ten of the countries and decreased in four. The largest increases were registered in Germany (+30.7), France (+17.8), United Kingdom (+14.8) and Italy (+9.5), while the most significant declines were recorded in Romania (-8.8), Portugal (-6.8) and Spain (-1.8). Compared to March 2011, the greatest advances year-on-year were recorded in Sweden (+7.9), Germany (+6.3) and Poland (+2.4), while the largest declines were observed in Portugal (-16.4), Slovakia (-11), Spain (-10.9) and Slovenia (-10.7). Specifically, construction activity fell in nine countries and increased in five.

Published on Leave a comment on Good prospects of British tourism in Costa Blanca

Spain remains being a preferential spot for the Brits According to the tourism council in Valencia, the British tourism market is increasing in comparison to last year, around 13%, in Costa Blanca, which will help pull the region out of the enormous crisis we are living. costa blanca benidorm 300x225 - Good prospects of British tourism in Costa BlancaBritish tourism rose 9.1 percent in 2011 in spite of the pessimist economic situation. Consequently, this year’s data improve the confidence to the global financial recovery. The tourism observatory of the Valencia region has informed that this year there will be about 2.5 million tourists from the British Islands, most of them in the province of Alicante. ...continue reading "Good prospects of British tourism in Costa Blanca"

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Published on 2 Comments on Spectacular Estate for Sale in Colmenar (Málaga)

Lets see today this fantastic country estate in Colmenar

6 Bedrooms, 5 bathrooms, Area Lot 600,000 m2, Built area 855 m2, Area useful 644 m2, Area Terrace 230 m2, Swimming-pool, Resale, in rural area

Ideal for rural hotel or a loving family of the field-historical farmhouse renovated with more than 60 hectares of soil occupied mainly by olive, fig and almond. The house dates back to the 18th century and it is full of history.

It has been carefully restored by its current owners. The distribution is: hall with guest toilet and a large closet. Kitchen with space for breakfast and wood stove. Rustic style kitchen with modern facilities: dishwasher, refrigerator/freezer and clay oven to make home-made bread. Lobby of double internal height and with original wooden beams. An interesting feature is the tank of wine, which dates back to when the estate was producing wine. Room TV with large fireplace and wood stove burner. Separate dining room. Wide living room (with old wine shop), with large windows offering open views. Fitness centre with a large indoor swimming pool with jacuzzi and sauna. Bedrooms on ground floor with access to a terrace, bathrooms in suite and dressing room.

On the 1st floor there is a gallery a 'chill out' sitting room overlooking the main lobby. The main bedroom has a French balcony. Bed with canopy and great dressing room along with a quarter-bathroom with bathtub cast iron, large shower and toilet cabin. There are 3 bedrooms on the same floor with bathrooms and an ideal bedroom for teenager with bathroom en suite, a second bedroom or living room / study next. Outdoor swimming pool and an indoor jacuzzi and gym.

821317 52724 110 - Spectacular Estate for Sale in Colmenar (Málaga)

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Published on 1 Comment on Detached Villa with lots of Possibilities

House of the Week: Detached villa for sale in Calpe (Alicante)

This week, we've chosen a detached villa in Alicante, Calpe. It's a beautiful detached villa which seems to be located on top of a hill over-viewing the sea.

5 bedrooms, 3 bathrooms, Area Lot 1,500 m2, Built area 355 m2, Area useful 300 m2, Swimming-pool, Seaside Resort, Resale, In Urban Area

Unique villa with amazing sea views, very near the top of the mountain, also includes a second plot to build an extension or a second house. The main house is devided into 3 independent apartments, great privacy, garage and parking place. Central heating.

27625 174707 foto3868186 - Detached Villa with lots of Possibilities

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Published on Leave a comment on Closing the Deal in Spain

Closing: How to Make Sure Things Go Smoothly

closing 300x225 - Closing the Deal in SpainWhen you buy a house or an apartment, there are several steps: You decide how much money you can spend; find a property you like; make an offer; negotiate an acceptance; sign a contract; line up your financing, and then close on the property.

So, in some sense closing is what you’re working towards. It’s the point where you sign the papers that make the home legally yours, and it’s usually when you get the keys.

Let’s take a look at key tips when closing:

1. Legal advice: Take care and get legal advice before signing any documents. A lot of property in Spain is sold before building has even started, in which case you will need to get proof of planning permission and plans of the property itself, and often foreign people sign contracts thinking they are expressing a formal interest in building plans whereas in fact they are legally binding themselves to a house sale.

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Published on Leave a comment on New Push to Uphold Spanish Banks

According to an article reading in El País, the government may inject public funds into the banking system if this is necessary to save the banking system. 

Euro 300x216 - New Push to Uphold Spanish Banks

The government had guaranteed not to give money to the banking industry which is struggling in the wake of a collapsing ten years of housing boom.

"If it was necessary to reactivate credit, to save the Spanish financial system, I wouldn't rule out injecting public funds, like all European countries have done," Mr. Rajoy said in interview with Onda Cero radio stations.

On the other hand, an official at Spain's finance ministry said measures that are expected to be approved by the cabinet on Friday will include guidelines to remove impaired real-estate assets from banks' balance sheets.

The segregation of toxic assets is seen as key to completing the clean up and calming investors.

The Spanish finance ministry official explained that the government and central bank are studying a specific cleanup plan for Bankia SA and Banco Financiero y de Ahorros SA, which could include a total change of their management. Newspaper El País said Monday the government also plans an injection of state funds via convertible bonds with a rate of about 8 per cent.

Sources: El País, Wall Street Journal.