Property potential

Betty Henderson

A PROPERTY report has unveiled an opportunity for the Spanish property sector. The property report found that the country has a shocking 450,000 unsold and uninhabited new homes that have failed to attract buyers. These properties, remnants of the early 2000’s real estate boom, remain in the hands of developers and do not meet the current market demands.

SPAIN is justly proud of its world famous Pata Negra hams which sell at prices averaging between €500 to €700 for a leg.

It seems that nothing however can escape the current trend of being counterfeited and this time rather than designer labels, officers of the Guardia Civil have uncovered at least six crooks who were really ‘telling porkies’!

It appears that some 50,000 kilos of ham have been ‘doctored’ in two warehouses in the towns of Alcala de Guadaira and Dos Her ­

According to data from the report by the Ministry of Transport, Mobility, and Urban Agenda, this surplus housing phenomenon accounts for just 1.7 per cent of Spain’s vast housing inventory of 26 million units. A new analysis of the report from the start of this year was released on Friday, June 23. The news presents an exciting opportunity for buyers seeking properties in soughtafter locations.

While current market dynamics have posed challenges, property buyers with flexibility in their budget could find new opportunities in these properties. With innovative designs, customisable interiors, and eco­friendly features, these properties can be transformed into sustainable havens that align with the needs of buyers and the latest regulations with just a few updates.

PEDRO SÁNCHEZ, the Spanish President, unveiled an ambitious agenda for Spain’s upcoming EU Council Presidency, during a recent press conference. Spain’s Council Presidency is set to begin on Saturday, July 1.

Sánchez aims to establish a minimum corporate tax rate across all EU member states and finalise the EU’s banking union, a project which has been in the works for some time.

During the ceremony at the Palacio de Moncloa, Sánchez highlighted four key priorities for the presidency: revitalising European industries, driving the environmental transition away from fossil fuels, focusing on social and economic justice, and strengthening unity within the EU and the rest of Europe.