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Tag: Spain
Madrid Rejects Current Renovation Plans for Real Madrid’s Santiago Bernabéu Stadium
At the beginning of 2014, gmp was selected through a competition to redesign Real Madrid’s Santiago Bernabéu stadium, as part of a larger project being implemented by Real Madrid president Florentino Pérez. In addition to expanding the capacity of the stadium and covering it with a metallic, retractable roof, the project consisted of constructing a 12,250 square meter retail center and hotel, and an underground parking lot for up to 600 cars.
Marbella is to get a new luxury hotel complex on the beach
Marbella is to get a new luxury hotel complex right on the beach.
The Platinum Estates group, an investment fund based in Hong Kong, has just acquired 170,000 square metres of land on the coastal strip of Las Chapas which is situated right next to an area of sand dunes which is one of the most important natural spaces in the town.
The land purchase, which includes 600 metres of beach frontage, cost 50 millon euros and the investment fund has budgeted a further 150 million euros into the hotel project.
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Great Duplex Apartment for Sale in Calpe, Alicante
Attic Apartment in Barcelona by Interior Designer Katty Schiebeck
Spanish Property Market Recovery Set to Continue in 2016
Looking ahead to 2016 it looks as if the Spanish house market will continue to recover but the latest data shows it is still a rollercoaster and growth very much depends on location.
According to the latest figures from appraisal company Tinsa prices are still increasing with its latest index up by 1.9% in November year on year.
However, the increase is somewhat exaggerated by an unusual fall in prices last year and on a monthly basis prices were down a fraction compared to September.
The Tinsa index shows, however, that the recovery is broad based as house prices rose in all the areas covered. Prices in Barcelona and Madrid were up by 3%, coastal areas popular with overseas buyers saw price growth of 1.4% and the Balearic and Canary Islands 0.2%.
But the recovery still has some way to go as since the peak of the market house prices are still down 41.3% in general, and 48.2% on the coast.
The Balearic Island saw price growth of 0.9% followed by the Canary Islands up 0.5%, Andalucía up 0.3%, Navarra and Castilla-La Mancha both up 0.1%.
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On the Market: Outstanding House in Madrid City
Apartment in Palma de Mallorca by Tono Vila and Joan Miquel Segui Architectos
Apartment refurbishment in Mallorca, Spain, by Tono Vila and Joan Miquel Segui Architectos.
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Court rulings in Spain create more uncertainty over illegal homes
Three rulings by Spain's Supreme Court have left the owners of more than 16,500 homes built in Marbella since 1986 in legal limbo by declaring planning regulations void.
In a series of decisions, the country's highest court has declared null and void Marbella's urban planning regulations that were passed in 2010 and which legalised thousands of homes constructed since the previous town plans, dating back to 1986, were approved.
In response to appeals against previous Supreme Court of Andalusia rulings, the rulings all arrived at the same conclusions, namely that the Town Council does not have power to retroactively declare legal properties that have been built illegally as that rests with the courts, nor to alter land classifications, nor legal liabilities.
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