The large real estate companies warn of a dramatic rise in prices
el paÃ*s, thursday 25 oct 07
The chairman of the g14 real estate lobby, fernando martÃ*n, has assured that new housing prices are not going to fall and that interest rates are not going to rise. according to martÃ*n, "there will soon be very important corporate operations that will change the map of the sector." speaking about future market prospects, martÃ*n forecasts that, "in two years´time flat prices will shoot up once again due to constrictions on demand if the processing of development plans does not speed up". if land development processes do not speed up, "for every home that is not built, between 2 and 2.4 jobs are lost. immigrants will be the first to join the unemployment queues, which will give rise to serious social conflicts," martÃ*n states
Almost half their income to buy a home
metro, wednesday 24 oct 07
Spanish families devoted 45.4% of their gross available income to financing the purchase their home in the third quarter of the year, almost three percentage points up on the end of year figure for 2006. according to data published by the bank of spain, this is the highest figure ever recorded in this country. this percentage contrasts with the 36.4% that was required in 2005 or with the 35% used by families in 2004
Artists and architects declare war on esperanza aguirre for the baldeweg case
Elpais.com, monday 22 oct 07
Esperanza aguirre´s decision to withdraw juan navarro baldeweg from the canal theatre project, which he was awarded after winning an international contest in 2000, has put the entire profession, almost without exception into a state of rebellion. hundreds of architects and other members of the world of culture such as rafael moneo, álvaro siza, luis moreno mansilla, oriol bohigas, antón capitel, miguel verdú, juan herreros or iñaki ábalos have signed a resounding manifesto in support of the cantabrian creator, who was only able to gabble: "it is all inexplicable. the manners used are truly deplorable." will he be the last victim in the political conflict between esperanza aguirre, president of the region and alberto ruiz-gallardón, lord mayor of madrid?
The spanish ten-year real estate boom is coming to an end
financial times, wednesday 24 oct 07
High interest rates, a glut in supply and stricter overall conditions for finance to be granted have converged to slow down growth in housing prices. despite fears that the sector is heading towards a sharp touch down, the government maintains that an ambitious public works programme, a segment that moves over 50% of construction activity, will help to offset the blow. spain´s appetite for designer architecture is stronger than ever: latest model airport terminals are about to be concluded in barcelona and ciudad real. however, some bankers and analysts admit that many smes in the real estate and building sector are struggling against the credit adjustment and the fall in demand. according to josé luis malo de molina, general manager of the bank of spain surveys service, "there are signs that smaller real estate companies that launched projects in the latter phase of the cycle may be having problems.
The madrid retail space rental market reaches its highest levels of return
expansión, tuesday 23 oct 07
The good pace of growth in terms of business creation and increases in economic activity in the region of madrid is leading to a greater demand for rented premises among companies and a rise in the prices of these kinds of properties. the spanish capital continues to show an upward trend in the office space, shopping mall and distribution facility rentals market. during the last quarter, madrid reached "its highest rent levels ever recorded; asking prices are starting at 50 euro a month per square metre," according the international consultancy firm knight frank
Mortgage deceleration will continue in the coming months, according to the bbva
El mundo, thursday 25 oct 07
The slow-down in the housing market has become patent in the bbva income statements. according to the information presented by the entity for the third quarter of the year, mortgage activities in spain and portugal have risen by 16.2%; this is below the growth rates of 18.6% and 17.8% reported for the previous two quarters. the entity recognises that the market "deceleration" will continue in coming months although not sharply, according to its managing director josé ignacio goirigolzarri during the presentation of its quarterly earnings. "a slide is taking place in terms of prices and activity," he said
The spanish inland revenue is investigating 250,000 real estate operations
Cinco dÃ*as, friday 26 oct 07
Spanish notaries have provided the country´s inland revenue with almost 250,000 real estate operations in which they have been involved and over which hangs the shadow of some kind of fraudulent activity. these are operations carried out this year and notified to the tax authority before june. alternatively ,and following the fraud prevention plan, the inland revenue will withdraw 120,000 companies from the intercommunity operators register for not having undertaken a single operation in the last twelve months
Armani enters the luxury homes sector
Financial times, friday 26 oct 07
The armani group will join the real estate sector when 144 of its homes come out on to the market in burj dubai, which is planned to be the tallest building in the world. these homes lie between the ninth and the sixteenth floor of this colossal skyscraper and they are not cheap, something that is not at all surprising. real estate experts in dubai consider the apartments measuring 100 and 200 square metres may cost 1.7 million and 3.8 million euro, respectively. armani is planning to open the hotel armani dubai in the same building at the end of 2008. another hotel is planned for milan in 2009, while the first armani holiday centre, more for recreation than for business, is planned for marrakech, also in 2009
Homes with views
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News and Views from Idealista.com 29.10.07 
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