Jose Blanco unveils plans for European property roadshow to tempt investors back to Spain and Tenerife
The Spanish government will embark on a Europe-wide roadshow to convince investors to come back to the nation’s property market, starting off with a press conference on the latest industry developments next week in London.
Minister of Public Works Jose Blanco and Housing Secretary Beatriz Corredor will brief UK property investors and media on the latest legal reforms and pricing activity in the Spanish property market, at a conference to be held at the Spanish Embassy next Wednesday.
They will then follow on with a consumer roadshow which will begin in Britain and continue to the Netherlands, France, Germany, Sweden and Russia.
“The Road Show will highlight the strengths of our economy, transparency and legal certainty of our planning legislation”, said Blanco in Madrid last week. “It is a good time to carry out this pioneering initiative because the markets that have the potential to invest in second homes are recovering and we must revive the holiday housing market to speed up the digestion of stock.”
The Spanish property market is already showing small signs of having begun this ‘digestion’, with a 6.8% overall rise in home sales last year – the first positive figure since its real estate bubble burst in 2007.
Snr Blanco and Snra Corredor need to sort out the mess left behind by the mass corruption, illegal builds,land grab and failed bank guarantees,etc., etc., of the Spanish property boom of the past decade.
The Expensive, and excruciatingly slow justice system offers no guarantee of a fair outcome and repeated appeals can take years before a case is settled.
The consumer law that exists appears to be widely ignored by the judges and there is no standardisation of the outcome of similar cases.
Thousands of purchases,many of them pensioners, are still owed millions of euros by banks and developers who seem to think we will all go away if they ignore us long enough.
Well we won’t go away until Justice and our Human Rights have been served by Spain’s government which has happily aided and abetted the whole tawdry affair.
Any idea where he gets these stats from…..according to the folly Corredor France invested more in Spain Property than any other EU country…does she not accept UK is in the EU?
They are so arrogant and in denial its a laughing stock.
WHERE ARE THESE STATISTICS…does anyone know where this mass stellar recovery is and who says so?