Real Estate - Page 3
1161 newsMadrid Government Faces Scrutiny Over Luxury Penthouse Purchase
A luxury penthouse bought by the Madrid government has sparked controversy. Images posted online revealed personal items linked to Isabel Díaz Ayuso. The incident has unsettled the PP and raised questions about transparency.
Madrid Sur Mall Nears Completion of Major Expansion in Vallecas
Madrid Sur shopping centre in Puente de Vallecas is undergoing its largest transformation to date, tripling its retail space to nearly 24,000 square metres. With 85% of units already leased, new brands and upgraded facilities are set to reshape the local retail landscape.
Cold War Nuclear Bunker in Kent Listed for €52,600
A Cold War-era nuclear monitoring bunker in Folkestone, Kent, is up for auction at €52,600. The underground site, unused since 1991, comes with strict auction terms and is not classified as a residential property. Its unique history and location have drawn renewed attention.
Colombian Firm Reinvents Brick with Recycled Plastic Lego-Style Blocks
A company in Cali has launched Plock, a lightweight building block made from recycled plastic and natural fibers. The modular design snaps together without mortar, promising faster, cleaner construction and dramatically lower environmental impact.
Madrid Sells Luxury Chamberí Penthouse to Fund Wildfire Recovery
Madrid’s government will sell a luxury penthouse and several offices after using them in violation of zoning rules. The proceeds are earmarked for rebuilding homes lost in Sierra Oeste wildfires. The move follows public scrutiny.
Madrid Sells Luxury Penthouse Bought for Ayuso’s Temporary Office
Madrid’s government is selling a luxury penthouse initially purchased for Isabel Díaz Ayuso’s temporary office. The move follows public criticism and aims to fund wildfire recovery. Questions remain about the decision and its justification.
Ayuso’s Partner Lists Chamberí Apartment for Sale After Tax Fraud Case
Alberto González Amador, partner of Isabel Díaz Ayuso, is selling the Chamberí apartment they shared. The property was purchased after the alleged tax fraud for which Amador faces trial. The sale follows recent controversy over official real estate deals.
Mercadona, Decathlon and Lidl Drive 350-Job Boom in Aranjuez Retail Park
A major retail park in Aranjuez is set to open in late 2026, bringing together Mercadona, Lidl, Decathlon and other brands. With 98% of space leased, over 350 jobs are expected, and a local job fair will connect residents with employers this September.
Madrid Sells Chamberí Luxury Penthouse to Fund Wildfire Recovery
The Madrid government will sell a luxury penthouse in Chamberí. The decision follows recent wildfires in Sierra Oeste. Proceeds are earmarked for reconstruction in affected areas.
PP Leadership Avoids Direct Support for Ayuso Over Luxury Penthouse Purchase
The national leadership of the Partido Popular distanced itself from Isabel Díaz Ayuso after reports emerged about the purchase of a luxury penthouse for temporary use. The party referred all questions to Ayuso’s own explanations. Key details remain unclear.
Judge Halts Property Transfers Amid Ávila Rojas Real Estate Fraud Probe
A Marbella court has frozen property registry changes in a suspected real estate scam. Nearly 200 families in Granada and Málaga are affected. Police and lawyers urge swift action to protect ownership rights.
Man Quits Fiat Factory Job to Build Mud House for Family in Rural Córdoba
Fifteen days after resigning from his job at a Fiat factory, Mauricio, 37, is building a mud house on a remote plot in La Paz, Córdoba. With no water or electricity, he prepares a new life for his wife and three children, determined to escape the pace of city living.
Antonio Arroyo Acquitted Again in Madrid Over High-Interest Loans
Antonio Arroyo, known as the king of fast cash, has been acquitted by Madrid’s Provincial Court. He faced charges over high-interest loans that led vulnerable families to lose their homes. The court ruled there was consent, not criminal fraud.
Barcelona Launches Housing World Summit to Tackle Urban Affordability
Barcelona will host the Housing World Summit this November, focusing on urban and affordable housing. The event brings together over 100 speakers and major institutions. It aims to address global challenges in housing policy and innovation.
Santiago de Compostela Joins List of Cities with Rent Price Caps
Santiago de Compostela and six other northern cities now face rent price caps. Over 9 million people live in areas with these controls. The move sparks debate between local and regional authorities.
World’s Tallest Ferris Wheel Proposed for Madrid’s Skyline
A 260-meter observation tower and Ferris wheel could soon rise near Madrid’s Cuatro Torres, aiming to surpass global records. While business leaders tout economic benefits, residents warn of traffic and disruption. The city council awaits formal plans before deciding.
Ayuso Defends Madrid Government’s Purchase of Luxury Penthouse for Office Use
Madrid’s regional government bought a luxury penthouse in Chamberí for temporary office use. President Isabel Díaz Ayuso denies it is for personal residence. The purchase was not included in the official budget.
Construction Begins on Infinity, Valencia’s Ambitious Mega Mall
Heavy machinery has arrived in Turianova as work starts on Infinity, a vast shopping and leisure destination set to transform Valencia’s southern gateway. The project, backed by General de Galerías Comerciales, targets a 2028 opening and promises over 220 shops, restaurants, entertainment, a hotel, and offices.
Madrid Opposition Slams Ayuso Over Multi-Million Euro Penthouse Purchase
The Community of Madrid’s acquisition of a luxury penthouse for Isabel Díaz Ayuso’s temporary office has triggered sharp criticism from opposition parties. The lack of cost transparency and previous controversial purchases fuel the dispute.
Madrid Faces Uncertainty Over Luxury Penthouse Bought for Ayuso’s Office
Madrid’s government spent millions on a luxury penthouse for Isabel Díaz Ayuso’s office. The final use remains undecided. Urban planning rules may block the plan, fueling political dispute.
Pennsylvania Farmer Turns Down €13 Million to Save His Family Land
An 86-year-old farmer in Cumberland County, Pennsylvania, refused a multimillion-euro offer from developers seeking to build a data center on his land. Instead, he secured a legal agreement to protect his family's farm from future urbanization, prioritizing heritage over profit.
EU Forces Spain to Cut Home Energy Use: Oldest Buildings Face First Upgrades
Spain must slash residential energy consumption by 16% by 2030 under new EU rules. The toughest measures will target the least efficient homes, but not all owners will be forced to renovate. The government now faces a race to define priorities and support for vulnerable households.
Madrid Government Buys Luxury Penthouse for Ayuso’s Temporary Office
The Community of Madrid has purchased a 485-square-metre penthouse in Chamberí for Isabel Díaz Ayuso’s use during the Real Casa de Correos renovation. The deal, kept quiet for months, was not included in the official budget.
Barcelona Fast-Tracks Montjuïc Fairgrounds Overhaul Ahead of 2029
Barcelona has launched the next phase of Montjuïc’s Fira redevelopment. Demolition and construction are underway to meet the 2029 centenary deadline. The project includes a new multifunctional venue, restored historic buildings, and hundreds of protected homes.
Mercadona Builds One of Andalusia’s Largest Supermarkets in Dos Hermanas
Mercadona is nearing completion of a massive new supermarket in Dos Hermanas, set to become the municipality’s second largest retail space. The two-level building will offer a covered parking area and a spacious sales floor, reflecting the chain’s latest design standards.
Housing Crisis Overtakes Health and Jobs as Top Concern in Andalusia
Housing has become the leading issue for Andalusians, surpassing health and unemployment. The latest Centra survey shows a sharp rise in concern over access to homes. Political preferences are also shifting in the region.
Government Delays Key Housing Decree Amid Coalition Rift
The Spanish government has postponed its flagship housing decree until after summer. Coalition divisions and lack of parliamentary support forced the delay. The measure included a rent freeze and changes to land law.
Electricians Warn: Full Rewiring of Old Homes Now Tops €6,000
Completely updating the electrical system in an older Spanish home can now cost between €3,600 and €6,500, with some projects nearing €7,000. Experts urge homeowners to assess wiring before starting major renovations, as outdated systems pose safety and financial risks.
Madrid’s Wealthy Forest Suburbs Face Growing Wildfire Threat
Recent wildfires in Madrid’s southwest have heightened fears in affluent suburbs like Boadilla del Monte. Local authorities and residents are on alert, as nearby evacuations highlight the vulnerability of forested residential areas.
Madrid Approves First Section of Gran Vía del Sureste for €13.1 Million
Madrid City Council has greenlit the first 560 meters of Gran Vía del Sureste. The €13.1 million project will create a green corridor, new bike lanes, and space for future rapid bus transit. Completion is set for spring 2028.
Empty Homes Could Trigger Up to 150% IBI Hike for Multi-Property Owners
Spanish property owners with four or more homes left vacant for over two years could see their annual property tax bill soar by up to 150%. The decision to impose this surcharge rests with each local council, and strict conditions apply before any penalty is enforced.
Madrid Pushes New Land Law to Speed Up Housing Construction
Madrid's government has approved a new land law aimed at cutting red tape and accelerating housing projects. Critics warn of deregulation risks and potential for a new property bubble. The debate now moves to the regional assembly.
Madrid Court Halts Eviction of 82-Year-Old Paquita After Neighborhood Protest
A Madrid court has suspended the eviction of Francisca López Ruiz, 82, following strong neighborhood mobilization. The case highlights growing pressure on long-term residents in central districts. Authorities now await a social report.
Spain to Extend Rental Contract Protections Until Mid-2028
The Spanish government plans to extend rental contract protections until June 2028. Nearly four million tenants could benefit. The decree also targets tourist rentals and includes new measures for vulnerable families.
Catalan Government Delays Speculative Property Law Pending Legal Review
The Catalan government's flagship law against speculative property purchases faces delay. Coalition partners have not reached a final deal. The legal review will push negotiations into autumn.
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