News that an organised group of squatters had moved into an empty block of flats in Malaga’s Calle Ventura Rodríguez has given hope to more families with few or no financial resources.
Couples with young children, or with babies on the way, have turned up at the building in the hope that there would be room for them, but have been turned away. Under the organisation of PAH (Plataforma de Afectados por la Hipoteca) formed to fight against evictions due to mortgage default, 17 family groups have been accommodated in the 14 apartments. Due to the unexpected demand the association has started a waiting list and plans to comb the city in search of new potential squats. These, explained PAH member Fali Doblas, must be uninhabited buildings that belong to banks, builders or public administrations.
In the case of Ventura Rodríguez, the building belongs to Bankinter since it was repossessed when the builders went bankrupt. On Wednesday bank sources confirmed that no action had been taken yet but that lawyers were studying the possible legal routes to take. The bank stressed, however, that it has halted all eviction procedures in mortgage default cases. ...continue reading "Families join waiting list to squat in empty apartments in Málaga"
This is the moment for those who would like to purchase a house in the beach
The prices have gone down around a 38% along the Mediterranean Coast. Most of this decrease had been cause by the banks. Here there are examples:
In Castellon, towns as Peñíscola o Vinaroz, make the most of the geographical conditions, such as the closeness of the sea and the mountain, to sell houses that in some cases were finished years ago. In the tourists cities of Oropesa or Benicasim is very important also the presence of real estate agencies owned by financial institutions.
Those who are looking for a good offer will find a wide variety of them in Valencia Province, from Sagunto to Oliva, and in many cases is even possible to negotiate the price. The most interesting offers are located around the Ribera Baja, and the comarca of La Safor.
Alicante gather the biggest tourist offer. Marina Alta, Jávea and Calpe are the most famous destinations. The city of Benidorm keeps being one of the main references in the region. It is possible to find properties in Cala Finestrat for a price under 122.300 €, or even less, from 120.000 € in Villajoyosa.
Two bedrooms flats from 136.600 € in Nerja. And in Torrox, one bedroom and 95 meters flats, from 168.840 €. The minimum price in Torre del Mar is 114.246 €. Furthermore, real estate agents and banks are competing for the little area of Rincón de la Victoria.
Additionally, there are apartments for less than 134.030 € in Torremolinos, and studios for less than 45.000 € in Fuengirola. On the other hand,in Marbella where the number of properties from banks is minimum, the prices are higher, between 155.540 € and 259.000 €.
The excess of property in this region is smaller than in Valencia or Andalucía, with the exception of Tarragona.
Although Girona and Tarragona concentrate the biggest amount of properties, some seaside towns in Barcelona, such as Castelldefels o Sitges, keep being important points to buy a second residence or even a first one.
The developers, Realia and Vallehermoso, are selling in Sant Feliu de Guíxols, two and three bedrooms flats from 139.000 € and 232.399 €, respectively.
Cambrils, in Tarragona Province, offers the widest number of available properties.
Balearic and Canary Islands
The islands do not scape from the competition between banks and real estates developers. More relevant in Canarias than in Baleares, it is causing a bigger decrease in prices.
In the Balearic Islands, in Ibiza as well as in Mallorca, it is possible to find three bedrooms flats from 262.000 €, apartments for 165.000 € and studios for 42.500 €. In Ciudadela (Menorca) flats for 110.000 €.
In the Canary Islands, there are houses for sell from 63.000 €, and flats from 55.000 €. Moreover, It is possible to find apartments from 37.700 € in Tenerife.
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