The Latest Spanish Property News from Kyero.com

Spanish ministers approved Friday a wide-ranging 10-year reform plan designed to wean the economy off its dependence on construction and create broader, more sustainable growth as the country fights to climb out of recession.

Spanish retail giant, Inditex - owner of Zara, Pull & Bear & Massimo Dutti chains posted impressive Q1 profits - proving that Spanish industry, innovation and manufacturing are possible, and profitable.

Five years of work finally came to a head on Monday as the third terminal at the Pablo Ruiz Picasso Airport in Malaga was officially opened.

Spanish property price fell by an average of just 4.3% last year, according to the official house price index prepared by the National Institute of Statistics (INE).

Hundreds of furious expats have staged a march in Malaga today over Spanish government plans to demolish illegally built holiday homes in Andalucia.

Ratings agency Standard & Poor's on Monday downgraded its risk assessment level for Spain's banking sector, warning of "high credit losses" during the country's recession.

The Spanish property market is in too much of a mess for a real BMV market to exist, according to agents specialising in distressed property in the country.

Sterling proved to be slightly less fireproof than it had been the previous week, losing the half- cent between €1.11 and €1.1050. The low came at €1.0950 on Wednesday and sterling was staring at that same level as things got under way in London this morning.

In a bumper news week, there's good and bad news for Spain. Let's get the bad news out of the way first - and end on a high.

The bust is dead, the Spanish property market’s recovery has begun! That’s how some leading daily papers like El Pais are interpreting the latest figures from the National Institute of Statistics (INE) showing the market grew ever so slightly in January.

Is any property below €50,000 a cheap Spanish property? Are cheap Spanish properties only to be found at auction or as bank repossessions? How much below market value does a Spanish property need to be to be considered cheap?