Archives for July 2009
July 1st, 2009
Spanish house prices drop 7.6% in Q1 vs 5.4% in Q4 - First ever recorded fall in new house prices in Spain - Spanish slowdown behind Ireland, UK, recovery seen 2012 - Analysts see double-digit Spanish price falls this year Spanish house prices fell at their fastest pace on record in ...
Continue reading Spanish House Prices Drop 7.6% Q1 2009
July 2nd, 2009
Spain's current account deficit, the world's second-largest before the global economic crisis hit, tumbled by almost two-thirds in April as deep recession destroyed demand for foreign goods. Imports shrank by 35 percent in the month, taking the deficit to 3.49 billion euros ($4.89 billion) from 9.14 billion euros in April 2008, ...
Continue reading Spain: Reduced Demand for Imports
July 3rd, 2009
Euro-zone inflation slipped into negative territory in June, highlighting the challenge European Central Bank policy makers face in balancing a mandate to contain price declines with their desire to hold off on more measures to ease the recession. Consumer-price inflation in the 16 countries that share the euro currency fell 0.1% ...
Continue reading Eurozone Inflation Declines 1% June 2009
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 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 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
July 2nd, 2009
According to the latest analysis from Kyero.com, foreign buyers are increasingly looking for bargain properties and are focusing their property searches in Spain's best-known provinces. Published on July 1st 2009, the latest Kyero.com enquiry report analyses over 100,000 enquiries made by email through the site during the first half of 2009. A ...
Continue reading Buyers Gravitate to Bargain Spanish Property
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 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 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
