Archives for July 2009
July 15th, 2009
The Tinsa House Price Index for June 2009 is available to download, and the trend which started in February 2009 continues. Click the graph to download the latest TINSA report For the fifth consecutive month, the TINSA index shows Spanish property prices declining by around 10% Y-O-Y. Compared to the ...
Continue reading TINSA House Price Index June 2009
July 15th, 2009
UK industrial production disappoints investors. IMF upgrades economic forecast for Britain but not by much. Germany leads the way in Euroland. Record domestic orders for Porsche cars. Sterling lost a net half cent against the euro but took its time doing so. It spent most of its time between €1.1550 and ...
Continue reading Euro Weekly Update: July 15th 2009
July 15th, 2009
Britons who have had second thoughts about buying holiday homes in Spain are being pursued in the Spanish courts by the developers - despite a clause in their contract allowing them to back out of the deal, law firm DWF has warned. The firm is acting for a number of British ...
Continue reading Spanish Developers Force Buyers to Complete
July 14th, 2009
Two of this week's articles deal with Spain's challenge of bringing its public deficit in line with the European maximum of 3% by 2012. In Public Deficit Could Hit 12% in 2009, we read about the tightrope Spain's policymakers are walking between injecting enough money into the economy to jump-start a ...
Continue reading Spain's Public Deficit Problem
July 14th, 2009
Spain's economy is likely to have shrunk 'substantially' less in the second quarter than in the first, though growth will remain negative to the end of the year, the economy secretary was quoted on Monday as saying. 'We don't have a precise estimate, but we believe that the fall (in gross ...
Continue reading Spanish Economic Recession Less 'Intense'
July 13th, 2009
A new boundary that nationalises 15 kilometres of private land on the coast near Javea (North Costa Blanca) is set to cause serious problems for the owners of around 1,000 villas in the area, reports the Spanish press. Around one hundred owners may have to demolish all or part of their ...
Continue reading Spanish Coastal Law Grabs More Land
July 11th, 2009
Recession? What's not to like? Here's a list of 20 things that the recession has changed for the better. 1. The boom couldn't go on forever Gordon Brown thought he could put an end to boom and bust, but he was wrong. Sadly, we needed the bust to put an end ...
Continue reading Top 20 Recession Tips
July 11th, 2009
A research firm with a reputation for bullish reports on the Spanish property market has gone decidedly bearish in its latest report. Having been optimistic about the market’s prospects in recent years, Asesores Financieros Internacionales (AFI), one of Spain’s best known financial research firms, now forecasts that property prices will fall ...
Continue reading No Recovery for Spanish Property Until 2012
July 10th, 2009
Results for the 2009 International Survey conducted by primelocation.com show that 70% of visitors to primelocation.com/international are actively looking to buy an overseas property, despite the current economic uncertainty. Of all respondents, 28% said that they are unaffected by the current economic situation, 22% who had delayed their plans because of ...
Continue reading Primelocation: Spanish Property Still Strong
July 9th, 2009
Spain's fiscal austerity drive is being met with scepticism by economists, who fear it will be unable to cut spending as it struggles with potential bank bailout costs and a persistent recession. This means the country could find borrowing increasingly expensive, despite its new-found zeal for spending controls. Having had its sovereign ...
Continue reading Spain: Public Deficit Could Hit 12% in 2009
July 8th, 2009
Downward revision to Q1 growth scares investors. Sterling/euro looks vulnerable in the short term. A rally at the beginning of the week was followed by an even sharper return to base on Tuesday After only a little hesitation the pound embarked on a downward path that saw it test €1.16 twice. ...
Continue reading Euro Weekly Update: July 8th 2009
July 7th, 2009
Every 6 months we analyse the properties that people have actually enquired about on Kyero.com, and provide estate agents with details of what kinds of properties people are actually looking for in their area. These reports do not identify individual people or properties, but they do provide estate agents with a ...
Continue reading Spanish Property: Bargain Hunters Rule
July 7th, 2009
The European Central Bank will keep interest rates at a record low for more than a year and may yet need to expand its use of unconventional tools as it battles the worst recession since World War II, economists said. ECB officials meeting in Luxembourg will leave the benchmark rate at ...
Continue reading ECB: Interest Rates on Hold to End of 2010
July 6th, 2009
The way things are going it will soon be rare to see a crane in Spain. The figures for new housing starts say it all. Not long ago, before the credit crunch brought people to their senses, everywhere you looked in Spain the horizon was bristling with cranes, especially on the ...
Continue reading Spanish Housing Starts Down 68% Q1 2009
July 3rd, 2009
According to the Q2 2009 Spanish House Price Index from Kyero.com, the average asking price of a Spanish property has decreased by 2% from Q1. Download the latest Spanish House Price Index. It's updated and published quarterly to evaluate the advertised prices of 100,000 Spanish properties. Lugo province leads the way ...
Continue reading Kyero.com Q2 2009 Spanish House Price Index
