Archives for September 2007

September 28th, 2007

Heavy storms cause flooding in southern and eastern Spain – property owners check on their homes. While usually warm and sunny, just as we’ve been hit by tornadoes in the UK, Spain has been suffering from flash floods. Almost all of Andalucia, the desert region of Almeria aside, was put on ...

Continue reading Bad Weather Hits Andalucia

September 27th, 2007

FOR most of us, Seville represents everything typically Andalucian: orangetrees, clip-clopping horses, tapas bars and mighty monuments to the region’s history. But 50 miles down the motorway, the citizens of Jerez de la Frontera would beg to differ. Jerez is the home of that most Andalucian drink, sherry. It’s also ...

Continue reading Spain's secret – Focus on Jerez

September 26th, 2007

Do you know would your affairs in the UK and in Spain would be looked after in the event of a serious illness or following your death? This is a highly topical subject, following recent major legal changes in the UK and Spain. Lifetime- Enduring Powers of Attorney In an Enduring Power ...

Continue reading Appointing Representatives – In Sickness and in Health

September 25th, 2007

A ‘SOFT landing’ is forecast for the Spanish property market, according to a new study from Banco Bilbao Vizcaya Argentaria, with demand and supply reaching sustainable levels. “House prices have undergone a further slow-down, the moderation in demand from households has gathered pace, and the indicators of activity are ...

Continue reading Banks Predict Landing will be 'soft' for Spain

September 24th, 2007

Spain’s struggling twentysomethings are to receive cash handouts to help them to move out of their parents’ homes. In an attempt to tackle a big housing crisis – and capture young voters – the Socialist Government is to offer €210 (£150) a month to those aged 22 to 30 whose ...

Continue reading Emancipation of Spanish Youth?

September 21st, 2007

House prices in Spain have risen faster than anywhere else in Europe, surpassing even the UK market. Mortgage lender Halifax has revealed that the slowdown in the Spanish property market is a positive thing, after five years of exceptional price rises. According to their figures, Spain’s property prices doubled between ...

Continue reading Spanish Property Prices Rocket

September 20th, 2007

Denmark and Britain have the most overvalued housing markets in Europe and are currently the most vulnerable to price falls, according to a new survey by credit-rating company Fitch Ratings. The agency looked at 16 developed nations and compared rises in house prices with past performance and current household incomes. ...

Continue reading Is Europe on a crash course?

September 19th, 2007

BARCELONA is commonly known as one of Europe’s cultural capitals, drawing millions of tourists in search of art, sun and GaudÍ’s fabulous architecture. Yet there remains one dark spot on the city’s map: El Raval. Defined for years by its poverty, prostitution and health problems, El Raval has been slow ...

Continue reading Barcelona: Iberian Idyll

September 18th, 2007

España Expo is all about the best of the Costa del Sol. It’s the perfect opportunity to get a taste of that authentic Spanish experience and offers visitors a unique combination of lifestyle and cultural information along with a range of expert financial, legal and real estate professionals, all offering ...

Continue reading España Expo '07 Has Arrived

September 17th, 2007

September 14th, at the 2007 International Property Awards, a judging panel of 26 industry figures unanimously voted Kyero.com the best property portal in Spain. Chairman of the judging panel, Eric Pickles MP, opened by saying “This year, following a rise in the number of entrants and an impressive increase in ...

Continue reading Kyero.com Wins Best Property Portal Spain 2007

September 14th, 2007

As British investors continue to flock to Spain, new findings are revealed about the country’s earliest expats. Scientists have discovered evidence that Ice Age man emigrated to southern Spain as long ago as 22,000BC. Data from the Office of National Statistics showed that 2006 was a bumper year for Brits ...

Continue reading Spain's Expats Date From 22,000BC

September 13th, 2007

As winter begins even in Spain, bookings from British holidaymakers enhance the Costa Blanca’s buy-to-let market. Throughout the UK’s drizzly summer, hoteliers and holiday homeowners in Spain saw record number of bookings from British tourists, especially on the Costa Blanca. Many are fully booked well into October, with most customers paying high ...

Continue reading Brits Boost Costa Blanca Tourism

September 12th, 2007

Figures from the Bank of Spain reveal that foreign investment in Spanish property increased by 19.2% in the first 5 months of the year compared to the same period in 2006. The amount invested by Spaniards in property outside of Spain almost doubled over the same period. The total amount invested ...

Continue reading Foreign investment in Spanish property up by 19%

September 11th, 2007

As Benjamin Franklin once said, ‘in this world, nothing can be said to be certain, except death and taxes’. It is true that there is no escape from some taxes, but it is possible to avoid others and man has been attempting to do so since time immemorial. Over recent ...

Continue reading Taxing Issues

September 10th, 2007

Euribor – the interest rate most commonly used to calculate mortgage payments in Spain – rose again last month to 4.666% (to be confirmed by the Bank of Spain). This will push up the cost of financing a Spanish property purchase with a mortgage in Euros. There have now been 23 ...

Continue reading Spanish Mortgage News