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Real Estate sector and the bad bank

SpainHouses.netSeptember 24, 2012March 31, 2020Leave a comment

The ‘bad bank’ could help save a large number of companies that suffer from the effects of the stagnation on the real estate market in Spain.

For this reason, nobody in the sector wants to let go of this opportunity and everyone is taking positions to be involved in the new entity in one way or the other. Certainly, the state-backed bank rescue fund, the FROB, does not pay much, but little is better than nothing, given the state of the market.

The last ones to have claimed their participation in the new entity are the developers, which are probably among the most affected by the crisis. Their argument is that they are the ones who really know the market and, for that reason, are the best to evaluate the assets that will be transferred to the bad bank.

“The FROB, or whoever will have the mandate over these assets, must increase the management capacity and for that reason, it must take help from the sector,” said José Manuel Galindo, head of the Association for Developers and Constructors in Spain (APCE).

The real estate assesors also want to participate. The main companies in this sector, such as Tinsa, Sociadad de Tasación and Valmesa, aspire to get hired to assess the assets of the nationalized entities –in principle, only these entities- that will be transferred into the new instrument.
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Luxury villa for sale in Marbella 4

SpainHouses.netSeptember 21, 2012March 31, 20204 Comments

This fantastic villa is located in Marbella, close to Benahavis, in one of the best areas of the Costa del Sol. It is about ten minutes far away from Estepona, 7 minutes from the famous Puerto Banus in Marbella and five minutes from the beach. There are also supermarkets, restaurants etc.

Beautiful villa built in modern and minimalist style. It is distributed on two floors. It has a spacious lobby lounge with a cosy fireplace, dining room and a large covered terrace of 47.50 m2 with garden and swimming pool. On the second floor there are two large bedrooms with en suite bathrooms, the main one with Jacuzzi included.

This amazing home offers many additional facilities: large dressing room, elevator, air conditioning, heating, electric under floor heating in bathrooms, surveillance cameras and alarm system, etc.
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Endesa Pavilion, Smart City Expo, Barcelona, Spain

SpainHouses.netSeptember 19, 2012April 2, 2020Leave a comment

The Endesa Pavilion, in Barcelona, is an experimental project from the Institute for Advanced Architecture of Catalonia which explores how technology can create architectures that are adaptive to particular environments, and particular conditions.

The building starts with a simple premiss of a timber box with a grid façade on which modular components can be mounted. From an analysis of the building orientation and latitude, maps of insolation density can be created which allows façade components to be generated whose forms respond to the precise conditions expected at that point on the building. Moving across the façade each component will be different as its form is optimised to best meet the parameters to which it must respond. In this case that means providing shade and generating electricity from PV cells.

The complexity and variety of components generated is not an issue in terms of manufacture or assembly. Each component is CNC cut according to the shape sent to it from the CAD file meaning that infinite variety is possible at virtually no additional cost. Assembly issues are also resolved within the software so that when the components come to site they are pre-drilled and slotted and can be assembled like flat pack furniture. On this building it meant the whole thing could be assembled in a month.
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Home prices falling more than ever

SpainHouses.netSeptember 17, 2012March 31, 2020Leave a comment

House prices have fallen by 14.4% in the second quarter of 2012 compared to the same period of 2011, according to the House Price Index (HPI) of the National Statistics Institute (INE). This percentage represents the largest decline in this statistic since it was published in 2008.

This reduction in the house prices is almost two points higher than the experience in the first quarter of 2012, when prices fell by 12.6%. Thus, there were already 17 consecutive quarters in which house prices have negative annual rates. Actually, since this 'CPI housing' started in the second quarter of 2008 (-0.3%). Since then, the trend has not been reversed.

The price decline has been general in the country. The largest decreased occurred in Catalonia (16.5%), Madrid (16%), Basque Country (15.6%), La Rioja (15.2%), Balearic Islands and Cantabria (15%), Aragón and Navarra (14.5%).

Below the national average, are the declines in the Canary Islands and Asturias (14.3%), Valencia (14.2%) Castilla y Leon (14%), Andalusia (13.1%), Galicia (12.7 %), Castilla-La Mancha (11.6%), Murcia (11.4%) and Extremadura (7.4%), Ceuta (12.3 %) and Melilla (13.6%).

Source: elmundo.es

Amazing rustic house for sale in Cantabria

SpainHouses.netSeptember 14, 2012March 31, 2020Leave a comment

Extraordinary mountain-style detached villa made of stone and oak in Suances (Cantabria).

Ground floor: Large living room with fireplace and access to the terrace and the garden. It has a full-equipped kitchen and rest room.

First floor: 4 bedrooms and two bathrooms with tub (bath and shower). One of them is in the main room.

Basement: 100 square meters garage

High qualities: oak beams, tiled floors, solid chestnut doors, double glass windows, and individual heating.

Suances really close to the beach of Tagle, Los Locos. It is just a few minutes far away from Santillana del Mar and Comillas.

Definitely, the perfect place to relax and enjoy nature.

See more info: www.spainhouses.net

‘Barcelona World’: The answer to Eurovegas 1

SpainHouses.netSeptember 12, 2012March 31, 20201 Comment

Finally, it seems that, although there is no official announcement, Las Vegas Sand Corporation has chosen Madrid to built Euro Vegas. Nevertheless, Catalonia is going to have its own amusement resort, called 'Barcelona World'. This enormous construction will combined six amusement parks and will be situated next to Port Aventura resort.

Spanish billionaire Enrique Banuelos and his Veremonte firm said they will construct the so-called “Barcelona World” on 1.5 million square meters of land belonging to La Caixa in Tarragona province. The 4.5-billion-euro investment is expected to create 20,000 direct jobs.

The project will be self-financed by investors from the six global areas who want to set up businesses in their respective theme parks, explained Lluís Rollán, of Mediterranean Beach and Golf, a Veremonte affiliate.

“We are not worried about EuroVegas. In fact others should be worried about what we are planning,” said Catalan land commissioner Lluís Recoder, who suggested that Barcelona World will be completed before the EuroVegas project gets off the ground in Madrid.

“Competition is competition and we want to be the first,” said economic commissioner Andreu Mas-Colell.

Adelson has told Catalan officials that the initial investment for EuroVegas would be around 17 billion euros but he also tossed around a 27-billion-euro figure in Madrid. The offer was to build the mega casino-hotel complex on 800 square meters of land near Baix Llogregat, with 250,000 direct and indirect jobs up until 2025.

Source: elpais.com

Barcelona Meeting Point 2012 has already confirmed the participation of 74 Russian investors and estate agencies

SpainHouses.netSeptember 10, 2012September 10, 2012Leave a comment

The XVI real estate exhibition Barcelona Meeting Point (BMP)

To be held from 17 to 21 October at the Fira Montjuïc in Barcelona, has already confirmed the participation of 74 Russian investors and estate agencies, and the list is at disposal of the real estates who have confirmed their presence in ‘Russian Meeting Point’.

As reported by BMP, the show will host a minimum of ten meetings 'face to face' with investors and Russian agencies, for those companies who book an exhibitor before October 10, which will cost 6,000 €.

The BMP is the only professional and international real estate exhibition placed in Spain since 1997, founded by the Consortium of Zona Franca de Barcelona (CZFB), which allows the meeting between real estate professionals, to know new investment opportunities and to get project funding, among others aspects.

Alameda bridge in Valencia, Spain

SpainHouses.netSeptember 8, 2012March 31, 2020Leave a comment

The Alameda bridge or Puente de Calatrava is built over the Turia river bed.

As the bridge resembles a comb, it has been popularly nicknamed the "Peineta", the Spanish for decorative combs.

From the transit track it takes an inclined arc of 14 meters, which contributes to the stability of the bridge, which is 26 meters width and 131 meters in length.

Underneath the bridge you'll find the underground station. The steel canopies that mark the entrances to the underground station can be lowered by hydraulically driven rods, to rest flush with the pavers, thus sealing the station. The station is a centrally located stop for trains which connect different districts of Valencia.

Source: SpainHouses.net

Beautiful Terraced chalet for sale in Torremolinos (Málaga)

SpainHouses.netSeptember 7, 2012September 10, 2012Leave a comment

3 bedrooms, 2 bathrooms, Built area 245m2, Area useful 124m2, Swimming-pool, Seaside Resort, Resale, In Urban Area

Fantastic 3 bedroom corner townhouse, southwest facing, and located in the prestigious area of Montemar, Torremolinos, at less than 5 minutes walking to La Carihuela beach and the seaside promenade; 6 minutes driving to the centre of the town and to the Yacht harbour of Benalmadena-Costa; 4 kms. to Malaga Airport; 12 kms. to Malaga, 14 to Fuengirola and 45 to Marbella.

Urbanisation provides community swimming-pool and garden. The property features on ground level, it has a living area of approx. 32 m2, a fully equipped kitchen, hall, a guest toilet and a 100 m2 terrace with garden.
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City of Arts and Sciences in Valencia, Spain 1

SpainHouses.netSeptember 1, 2012September 4, 20121 Comment

Valencia is a city that ideally combines the vestiges of the past, which go back to the year 138 BC, with the impressive construction of the present. The most important modern tourist destination in the city of Valencia is the City of Arts and Sciences (Ciudad de las Artes y las Ciencias).

The very impressive City of Arts and Sciences is a cultural and architectural complex designed by Santiago Calatrava and Felix Candela which has become an international landmark.

View 360 degree panoramic photo of the City of Arts and Sciences

Spread out over two kilometers along the bed of the former River Turia, the complex, with its striking architecture, has an endless capacity for entertaining and stimulating the minds of its visitors.

The Mediterranean blue and white, the traditional colors of sea and light, blends with the avant-garde architecture of Santiago Calatrava and Felix Candela. Their bold strokes provide a futuristic image that symbolizes the new Valencia as a modern city within the age old city.

The futuristic City of Arts and Sciences contains a number of buildings that allow visitors to immerse themselves in different aspects of art, nature, science and technology.

Highlights include: the Hemisferic (an Imax theater, planetarium and laserium built in the shape of an eye), the Umbracle (a landscaped walkway which includes plant species indigenous to Valencia and an outdoor art gallery with sculptures from contemporary artists including Yoko Ono and others), the Principe Felipe Science Museum (an interactive museum of science which resembles the skeleton of a whale), the Oceanografico (an open air oceanographic park which is the largest aquarium in Europe with over 500 marine species) and the Palau de les Arts Reina Sofia (an opera house and performing arts center).

View 360 degree panoramic photo of the City of Arts and Sciences