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 29th, 2009

For many the dream of moving to Spain also includes opening a business and in many cases that business is a bar. In this article from 2004, Kyero looked at what are still the primary considerations when buying a bar (or any business for that matter). In the service industry, your ...

Continue reading Bars for sale in Spain

October 29th, 2009

The UK economy shrank in the third quarter of 2009, seriously disappointing investors. Purchasing managers say Euroland is back to growth in all sectors. Starting from €1.09 sterling rose to €1.11 before running into serious resistance on Wednesday. It had another look at that level on Friday morning before turning tail. ...

Continue reading Moneycorp: GDP Data Scuppers Sterling

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 27th, 2009

I am constantly frustrated by Spanish bureaucracy and how it negatively affects Spain's ability to compete in business internationally. However, this week, I caught sight of an article about Community Enterprise which praises Spain for its commercial initiatives in the 1950's: "The Mondragón cooperatives in the Basque region of Spain are perhaps ...

Continue reading Spain: Volatility & Opportunity in Equal Measure

October 27th, 2009

Investors buying holiday homes to rent out in Spain will not be affected tax wise by the Spanish government’s plans to abolish mortgage tax relief from the beginning of 2011 as it will only affects primary residences. However, the latest move could eventually be detrimental to the property market in general ...

Continue reading Spanish Mortgage Tax Relief Chop

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 22nd, 2009

An unusually good week for sterling. The coming week will be even more critical, bringing data for government borrowing, retail sales and third quarter GDP. For the first half of the week sterling remained below Monday's €1.0750 opening. On Tuesday it went as low as €1.06. A Wednesday bounce above ...

Continue reading Moneycorp: Euro Weekly Update

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