Archives for October 2009

October 30th, 2009

One of the very first places I visited when arriving in Spain 6 years ago was Competa. It had all the classic features of a Spanish 'pueblo' (village), with it's numerous whitewashed townhouses, narrow streets and a very warm and friendly welcome from the locals. This traditional white Spanish 'pueblo' is ...

Continue reading A visit to Competa …

October 30th, 2009

The Savings Bank Foundation, FUNCAS, warns that economic recovery will be mediocre and employment will not be created until 2011. Director, Angel Laborda said, during a conference on the current situation of Spain against the global economic crisis, that the growth in Gross Domestic Product (GDP) will take a lot to ...

Continue reading Spanish Economic Recovery Mediocre

October 28th, 2009

Property prices in Spain have touched bottom but will remain stalled during the next two years, a partner for property advisor Knight Frank said on Friday. "If you put a home on the market at a 35 percent discount to highs from three years ago, and partially-financed, prices are going to ...

Continue reading Spanish Property Prices Flat Until 2011

October 27th, 2009

In another article back in 2004, Kyero's spotlight was on Benidorm. And, like my own personal preconceptions, it highlights one of the most common thoughts whenever Benidorm is mentioned ... package holiday hell. This reputation stems from the area being one of the main package holiday destinations in the 60's ...

Continue reading Benidorm, a long way from 1962!

October 26th, 2009

Spain's second largest city is home to over 1.5 million residents and, as mentioned in this article from early 2006, is a modern, cosmopolitan city. Like many European cities, Barcelona is a stunning place to live or visit and has both the advantages of sunshine and beaches as well as ...

Continue reading Renting and buying property in Barcelona

October 26th, 2009

Spanish unemployment was unchanged at a better-than-expected 17.9 percent in the third quarter, but analysts said a fall in the number of people looking for work disguised continuing job destruction. The number of unemployed workers totalled 4.1 million in the third quarter, down by 14,100 from the second quarter when the ...

Continue reading Spanish Q3 Unemployment Lower Than Expected

October 23rd, 2009

Northern Spain is often ignored by visitors to Spain who generally have flocked to the typical tourist destinations of the Costa del Sol or Costa Blanca. In this article from 2005, Kyero highlighted many of the benefits of the area that still hold true today. While sun, sea and sangria are ...

Continue reading Asturias Property Sale

October 23rd, 2009

Having lived in Spain for over five years now I am one of the first to acknowledge what is wrong with the country and the difficulties people can experience living here or buying a property here. I was asked the other day if I would ever consider returning to England to ...

Continue reading Stop the Spain Bashing

October 22nd, 2009

Renting in Spain hasn't changed much over the past few years, the advice held in this article from 2004 is mostly just the same in 2009, with some positive differences when taking into consideration the current market. Apartments are the predominant property in Spain, with few detached homes especially in towns ...

Continue reading Long term apartment rental in Spain

October 21st, 2009

This small article dates back to 2004, a time when there were literally thousands of ruins and properties in need of renovation. This was a great time to buy cheap property, spend some time renovating and then sell on for a healthy profit. We pointed out a key part of their ...

Continue reading Property to Renovate in Andalusia Spain

October 21st, 2009

Spain’s housing market is broken and urgently needs fixing, argue a group of top-flight economists from Fedea, one of Spain’s leading economic policy think tanks. In a new report just released, 'For a Housing Market that Works: A Proposal for Structural Reform’, a group of economists at Fadea, including Pol Antràs ...

Continue reading Spain’s Rental Market in Need of Reform

October 20th, 2009

Further unpublished information from our archives, there have been great changes in the popularity of locations in Spain and here we see that Almeria was considered relatively unknown ... at least compared to the more typical destination of Malaga. At the time prices were around 30% less than those of ...

Continue reading Almeria Villas

October 20th, 2009

In Spain and the UK, there seems to be general disagreement about the state of their respective housing markets. In the UK, This is Money reports that house prices are now higher than they were a year ago as Britain's property revival gathers pace. Meanwhile in Spain, 4 out of 5 of ...

Continue reading Time to Buy Property in Spain?

October 20th, 2009

Spanish house prices are starting to stabilise and now is the time to buy, says the Ministry of Housing. The IMF forecasts even bigger falls to come. Not everyone agrees. “Talk of a slump (in prices) is no longer fitting” said an official from the Housing Ministry yesterday during a press conference ...

Continue reading Government & IMF Disagree Over Spanish House Prices

October 19th, 2009

Fitch Ratings says in a report published today that the Spanish banking system has weathered the global financial crisis successfully to date with no need for capital support from the state. This is due to its retail banking focus, prudent regulation and limited exposure to structured products and complex instruments. However, ...

Continue reading Fitch: Major Spanish Banks Sound Despite Challenges