Spain’s Golden Visa Program Disappoints International Investors

Spain’s recent attempt at a “Golden Visa” program for international real estate buyers has failed to spark much interest and hasn’t capitalized on the huge market of entrepreneurs and international investors. Initially potential investors were attracted by the lower starting level of €160,000, but this has since been increased to €500,000.

Spanish Real Estate Company Reyal Urbis Files for Insolvency

Spanish property firm Reyal Urbis has filed for insolvency today after a failed attempt at renegotiating its debts to its creditors, thus becoming the latest company to crack under the pressure of the country’s real estate market dire circumstances. The company’s debt at the end of September 2012 was of 3.6 billion euros.

RealtyBizNews: Real Estate Marketing & Beyond