Average Spanish property prices rose by 0.4% over 12 months to the end of September, but fell by 1.3% in the third quarter, according to the latest figures from the Ministry of Housing. Taking into account consumer price inflation, which stood at 4.5% in September, the real cost of housing has fallen by 4.1% over the last 12 months. Newly built property prices rose by 1.7% over 12 months, but fell by 0.8% in the quarter. Resale or ‘second hand’ property, which the Ministry of Housing defines

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Spanish Property Prices Fall by 1.3% Q3 2008

By Laura Davidson Place In The Sun Couple Snap Up Second Flat In Their Favourite Canary Island Development Sun-worshippers Kevin and Pauline McLean didn’t have to think twice when they decided to invest in a second holiday home. The couple reckon they made the best decision of their lives when they snapped up a studio flat in Tenerife

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Residents of a fishing hamlet on the island of Tenerife have been evicted and their homes torn down in a drive to clear Spanish shores of illegal properties. |The bulldozers rolled in to the village of Cho Vito in the northeast of the Canary Island Spain after a judge overturned an appeal to save the cluster of 31 dwellings. Residents initially refused to leave their homes but were forced out by a team of around 50 officers from the Guardia Civil who smashed down doors and gave occupants... B

Continue here: Tenerife village demolished under Spain ‘s coastal law

Permalink -- click for full blog post Oct 7, 2008, Tenerife trips wine museum La Baranda and more excursions. Discover the adventure of Tenerife tripsand their secrets some of which are only known by insiders...

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Oct 7, La Baranda Tenerife trip and regional information