The real-estate sector in Spain has one and now the electricity companies want one too. What is it? It’s their very own version of the ‘bad bank’, or banco malo as it is known in Spanish. This idea is not a new one and has already been proposed to the Government as a way of [...]
The state of the real-estate sector is not equal across the country. While some areas are deserted with barely a property purchaser in sight, in others prospective buyers are clamouring to get a look in at what’s on offer. Some areas have thousands of empty properties for sale, and finding an empty house or apartment [...]
According to an announcement from Spain’s minister for Industry, Energy and Tourism, José Manuel Soria, last week, the price of electricity will ‘most probably’ reduce by more than 3.7% this year. This figure, he says, is the same amount by which the cost of electricity fell last year. “In 2013, the price of electricity in [...]
If you own any type of property in Mallorca and want to rent it out to tourists and holidaymakers at any period during the year, it’s going to be tough from now on. The regional government has prepared a draft law on the subject which forms part of the Tourist Law, which governs this type [...]
Whenever you go on holiday abroad, it’s always best to keep your wits about you and try to ensure that you don’t fall for any of the common ways in which tourists are often ‘taken for a ride’. Getting caught out by one canny opportunist could be an incredibly costly mistake, and could even end [...]
