The Latest Spanish Property News from Kyero.com

Who to believe? In the news this week, one commentator declares the Spanish property industry bankrupt. At the same time, a developer in Almeria has raised prices as a "signal that things are getting better".

Rocketing unemployment is going to make it even harder for Spain to meet promises to slash its budget deficit, and it is already hard to find an analyst who believes the growth assumptions behind the forecasts.

In a somewhat shocking and worrying statement, a leading Spanish lender has declared the country’s real estate sector is ‘bankrupt’.

The overseas homes market may have already entered recovery in some parts of Spain as one developer has started putting its prices up.

Elena Salgado, the normally sprightly Spanish finance minister, could not disguise her discomfort when she announced an austerity plan designed to slash successive budget deficits and restore the country's credibility on international markets.

Spain’s Cabinet will discuss spending cuts of as much as 50 billion euros ($70 billion) by 2013 as it aims to slash the budget deficit by two-thirds to meet a European Union target.

Britain emerged from recession in Q4 - just. Germany has no plans to help rectify Greek budget problems.

Hopes have emerged that the battered Spanish property market could be hitting something that feels like a floor. Pardon the vague language, but with 1 million homes still on the market to say the future is torrid for Spanish property is an understatement despite the latest positive data.

I know this defies logic, and I'll understand if you decide that I've joined the pundits who only voice a positive spin on the Spanish property market - but, things do seem to be picking up in Spain.

The European housing market hasn’t stopped attracting British buyers, with Spain, Cyprus and Poland among the hot spots.

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?