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Spanish banks face deeper losses on 176 billion euros of real-estate assets

"Spanish banks face deeper losses on 176 billion euros of real-estate assets. "You have to remove any kind of shadow of doubt over the valuation that you have of these assets in your balance sheet,” Luis de Guindos, tipped by newspapers as a contender for finance minister in a new People’s Party government formed by Rajoy, said in an interview.

De Guindos said he favored stricter rules on how banks account for depreciated land values.
...continue reading "Spain Set to Clear Property Debt"

How to add little funny details that will enhance the look of your house

Here's a few cute ideas to make your house different. Take note!

Cover your staircase with colored carpets.

...continue reading "House Enhancement. Pay Attention to little Details"

Cuba announces a new property law that allows to buy and sell real estate

On an article published by The New York Times, Victoria Burnett reports from Havana: "Cuba announced a new property law Thursday that promises to allow citizens and permanent residents to buy and sell real estate — the most significant market-oriented change yet approved by the government of Raúl Castro, and one that will probably reshape Cuba’s cities and conceptions of class.

...continue reading "Cuba to Allow Buying and Selling of Property"

Are churches the solution to the housing crisis?

England's always ahead. Now they're planning to use church land and buildings for affordable homes. This could be one of the solutions to the housing crisis.

James Derounian, principal lecturer in community development and local governance at the University of Gloucestershire, writes in The Guardian: "The long and the short of it is that our cities and villages desperately need an injection of affordable homes, not least as a contribution towards "sustainable development", which government says lies at the heart of its draft National Planning Policy Framework.

...continue reading "Church Land and Buildings: Housing Crisis Solved"

Spanish property prices are rising with interest from second home owners 

"The price rises in certain parts of Spain is an encouraging sign for investors with locations such as the Costa Blanca, Costa Calida, Alicante and Murcia experiencing marked price increases.

Alicante, for instance, has experienced improvements in its infrastructure, seeing a second airport terminal open, which is always good news when it comes to attracting more visitors.

...continue reading "Prices going up for the Spanish Market"