Archives for April 2010
April 13th, 2010
From Ask the Experts in the Homes section of this week's Sunday Times: "My husband and I would like to buy a small holiday home in Spain - something with lots of character, in a traditional village, where we can take our young children. Where should we start?" - K Roberts, ...
Continue reading The Best Time in Years to Buy in Spain
April 13th, 2010
Figures from the Bank of Spain show that the amount of money invested by foreigners in Spanish property has fallen to the lowest level in a decade. If you want to chart the rise and fall of the Spanish property boom look no further than the foreign investment figures, published by ...
Continue reading Foreign Buyers in Spain at Decade Low
April 12th, 2010
Delinquency rates for Spanish small to medium enterprises have begun to stabilise, Fitch reported on Wednesday. While this is fairly good news, the data seem to underline how far Spain still has to go in solving its private debt problem, and thus in reforming its banking system and fiscal position. Delinquencies that ...
Continue reading Spanish Bad Debt Stabilises
April 9th, 2010
British Airways and Spanish airline Iberia have signed a deal to merge and create one of the world's biggest airline groups. The merger, which was provisionally agreed in November last year, is expected to be completed by the end of this year. In a statement, the two companies said the merger would ...
Continue reading BA and Iberia to Merge
April 9th, 2010
Spain said it would invest euro17 billion ($23 billion) in a rail and road project over the next two years in an effort to boost its recession-hit economy and create jobs. Prime Minister Jose Luis Rodriguez Zapatero said 70 percent of the investment would go toward new passenger and freight rail ...
Continue reading Spain to Invest Billions in Transport
April 8th, 2010
Fourth quarter UK economic performance revised upwards. Investors still twitchy about the Greek deficit. It took until Tuesday for sterling to progress far beyond Monday's €1.11 starting point but after that it was a quick jump to €1.1250 and a much slower progress to the high of early this morning at ...
Continue reading Sterling Survives Easter
April 8th, 2010
Rightmove Overseas has urged overseas property investors to beware if they are approached by companies offering to buy their properties and claiming to be associated with Rightmove’s Overseas division. The approaches appear to be part of a scam and a statement recently released by Rightmove said: “We heard from several sources ...
Continue reading Vendors: Beware Rightmove Scam
April 7th, 2010
When climate migrants from Northern Europe buy a place in Spain, around a quarter of them head for the Autonomous Region of Valencia and its sunny coastline. So it’s bad news all round to read that last year foreigners fled the Valencian property market in record numbers, according to a recent ...
Continue reading Short Supply of Foreign Buyers in Spain
April 6th, 2010
This week's articles are focused on what's happening with Spanish property prices. Our own contribution: Q1 2010 House Price Index concludes: "The average asking price of a Spanish property hasn't moved much at all - which indicates that asking prices are not an accurate reflection of actual transaction prices. The trick is ...
Continue reading Spanish Property Prices in Perspective
April 6th, 2010
Despite indications that the decline in Spanish house prices is slowing, most experts say there is room for further falls. With an estimated 1m unsold or unfinished residential Spanish properties when the housing bubble burst in 2007, many say the price adjustment could take another two or three years to play ...
Continue reading Spanish House Prices: More Room to Fall
April 5th, 2010
Until three years ago in Barcelona’s old town, the ciutat vella, the British mania for buying up properties in conditions ranging from tired to totally ruinous at exorbitant prices, mystified the local population. Barcelona’s wealthier residents have always preferred the city’s airier, more modern districts nearer the hills, considering historic areas ...
Continue reading Spanish City Centres House Property Gems
April 5th, 2010
The unemployment rate across the 16-nation eurozone hit 10% in February, the first time it has reached double figures since the euro was introduced. The jobless figures, from the Eurostat agency, showed large variations between nations in the eurozone. The unemployment rate was 19% in Spain, whereas in the Netherlands, the rate ...
Continue reading Spain Tops Eurozone Unemployment League
April 2nd, 2010
The Kyero Spanish house price index has just been updated to reflect the most recent asking prices of every property advertised on Kyero.com. Download it by clicking the image below (1MB pdf). Properties where the freehold is not for sale are excluded. This excludes rentals, leasehold properties and fractional ownership properties. Properties ...
Continue reading Kyero Q1 2010 House Price Index Released
April 1st, 2010
Spanish bank agent Bancaja Habitat is attracting foreign buyers to its repossessed property stock with 85% loan-to-value mortgages. Bancaja has sold around 40 units in the last three weeks to foreign and domestic buyers, who don’t have to start repaying the mortgage for three years. The reluctance of Spanish banks to lend ...
Continue reading Buyers Snap-up 85% Mortgages in Spain
