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.
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.
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.