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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.

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Closing: How to Make Sure Things Go Smoothly

When 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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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. 

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. 

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. 

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. 

Seville Parque de la Música. Architecture project by Costa Fierros Arquitectos - Sara Tavares Costa, Pablo Díaz-Fierros

32,487 square metres of a a unique urban renovation linked to Sevilla Underground infrastructure works, initiated in January 2009.

According to Arch Daily, this new Parque de la Música creates a new landscape to enjoy a walk around it or have a rest in the designated areas of the park, and the continuity of the different urban itineraries, making them more convenient and accessible for everybody.There is a dual purpose: a more cohesive city, regenerated and with better internal connections, and providing a more human and better quality outdoor space and therefore better quality of life for their inhabitants.

The park is organized along a North-South promenade that reaches the station level with a gentle slope. Other transversal circulations connect the main promenade with the surrounding streets and plazas.

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