The Latest Spanish Property News
May 29th, 2012
According to a recent real estate analysis carried out by Deloitte, Spanish households spend 39.4% of their income on mortgage payments, despite the fall in house prices in recent years. A fact that explains why the 'stock' of unsold new homes is not being absorbed at the speed desired by ...
Continue reading Mortgage Sucks 39% of Spanish Family Income
May 28th, 2012
According to statistics from the College of Property Registrars released on Friday, home sales fell by 26% in the first three months of the year, over the same period last year, but increased by 21.9% over the last quarter of 2011. The number of transactions recorded in the first quarter is ...
Continue reading Homes Sales up 21.9% Over Last Quarter of 2011
May 26th, 2012
Each day, we record the popularity of every Spanish property advertised on Kyero. We measure how fresh and complete the advert is, and how visitors interact with it. This week, thousands of new properties were advertised on Kyero.com. Here's this week's top Spanish properties - as voted by you. Properties priced under €250,000 €29,995 Torrevieja, Alicante 2 ...
Continue reading Top Spanish Properties This Week on Kyero
May 25th, 2012
According to figures released yesterday by the National Statistics Institute, the number of mortgages granted on homes in March this year totalled 24,918, marking one of the lowest figures in the series, with a drop of 42% over the same month of 2011. Including the year-on-year decline in March, mortgaged homes ...
Continue reading Number of Mortgages Down 42% Year-on-Year
May 24th, 2012
The Spanish Secretary of State for Trade, Jaime García-Legaz, said yesterday that there is "light at the end of the tunnel" and that 2012 will be "the last year of crisis" in Spain. He also said that if the Government raises VAT then, at the same time, it will lower ...
Continue reading 2012 Will Be “Last of Crisis” for Spain, Says García-Legaz
May 23rd, 2012
At a luncheon organized by KPMG and Europa Press, the Spanish Minister of Industry, Energy and Tourism, José Manuel Soria, said that "there is no provision" on the table of the Government for a VAT increase for the tourism sector next year. Soria explained that if a tax increase were to ...
Continue reading Government Has No Plans to Increase VAT in Tourism Sector
May 22nd, 2012
The eurozone construction sector recorded an increase in activity in March of 12.4% over the previous month, when it had fallen by 10.4%, while year-on-year the decline was 3.8%, according to data published on Monday by the European statistics office, Eurostat. In the whole of the European Union, production in the ...
Continue reading Eurozone Construction Activity Up 12.4%
May 21st, 2012
Each day, we record the popularity of every Spanish property advertised on Kyero. We measure how fresh and complete the advert is, and how visitors interact with it. This week, thousands of new properties were advertised on Kyero.com. Here's this week's top Spanish properties - as voted by you. Properties priced under €250,000 €85,000San Javier, ...
Continue reading Top Spanish Properties This Week on Kyero
May 21st, 2012
According to the Quarterly National Accounts data published on Thursday by the National Statistics Institute, the contraction of 2.6% in investments and the 0.9% drop in exports, coupled with stagnant consumption and public spending cuts, caused the economic decline between January and March, and puts Spain officially in recession after ...
Continue reading Investments and Exports Suppress Spanish Economy
May 18th, 2012
According to the seventeenth edition of the Real Estate Pulsometer prepared by the Corporate Practice Institute (IPE), they are optimistic that the 'stock' of unsold homes in Spain will be reduced by 23.6% in 2012, by up to 611,250 homes, and they anticipate that new construction activity will begin to ...
Continue reading Spanish Property Stock to Fall 24% in 2012, Recovery in 2013
May 17th, 2012
The services sector recorded a fall in its turnover in March of 5.3% over the same month of 2011, which marks seven months of declines year-on-year, according to provisional data published on Wednesday by the National Statistics Institute. The annual decline in March has increased compared to that recorded in February, ...
Continue reading Services Sector Decline Deepens in March
May 16th, 2012
The Spanish Economy Minister, Luis de Guindos, said on Tuesday that he has asked the European Central Bank (ECB) to assist in the independent audit of the Spanish banks' balance sheets and is committed to speeding ahead with the work, as the Eurogroup has called for, in order to have ...
Continue reading ECB to Help with Audit of Spanish Banks
May 15th, 2012
The average price of home rentals in Spain grew by 0.7% during April, compared to same month of 2011, according to latest figures released on Friday by the National Statistics Institute. The increase in rental prices stands 1.4 points below the overall CPI, which reached 2.1% in April. However, rental prices ...
Continue reading Rental Prices Rose 0.7% in April
May 14th, 2012
The eurozone countries want independent experts to value the toxic real estate assets that Spanish banks have on their balance sheets in order to increase transparency. The Eurogroup also expects the Government to demand entities to make "a very substantial increase in their provisions" in order to meet potential losses ...
Continue reading Eurozone Wants Independent Study of Spanish Banks’ Assets
May 14th, 2012
Each day, we record the popularity of every Spanish property advertised on Kyero. We measure how fresh and complete the advert is, and how visitors interact with it. This week, thousands of new properties were advertised on Kyero.com. Here's this week's top Spanish properties - as voted by you. Properties priced under €250,000 €64,000Sant Joan, ...
Continue reading Top Spanish Properties This Week on Kyero
