Archives for October 2010
October 29th, 2010
Prices of repossessed apartments built on six Spanish golf courses designed by Jack Nicklaus have been slashed by as much as 50 percent as banks try to sell assets acquired during the property market collapse. A two-bedroom, 74 square-meter (796 square-foot) penthouse in Murcia, southern Spain, is on sale for 128,800 ...
Continue reading Spanish Golf Properties Slashed 50%
October 28th, 2010
Jeanine Barone uses Madrid's excellent rail network to explore eight of the nation's most impressive sights. When I'm battling Madrid's car-choked boulevards or rubbing shoulders with Madrilenos in congested Puerta del Sol, vineyards, mountain oases and medieval villages seem a distant fantasy. But, in fact, Madrid is positioned perfectly for stress-free ...
Continue reading From Madrid by AVE
October 27th, 2010
The number of foreign tourists arriving in Spain rose in September for the fifth straight month on a year-on-year basis, buoyed by double-digit growth in the number of German visitors, government data showed Friday. The country received 5.2 million foreign tourists last month, a 4.2 percent increase over the same time ...
Continue reading Spanish Tourist Numbers Up for Fifth Consecutive Month
October 26th, 2010
The International Monetary Fund (IMF) said that Spain is among the European countries with "greater potential" to increase the employment rate with "comprehensive measures" to improve the flexibility of its labour market. In its report on the 'Regional economic Outlook for Europe', the IMF said today that most EU countries "could ...
Continue reading Spain Has Potential to Increase Employment, Says IMF
October 26th, 2010
Spain Has Potential to Increase Employment, Says IMF Holiday Home Buyers Eye European Bargains Spanish PM Announces Major Cabinet Reshuffle Zapatero Strikes Deals to Ensure Budget Victory Spanish Property Data Continues to Confuse This week, I had an interesting meeting with a company which specialises in developing mobile applications. We've long considered building a Kyero.com app ...
Continue reading Property Pulse Issue 296 – 26th October, 2010
October 25th, 2010
British buyers are back out in force. According to new research from PrimeLocation, thousands of British buyers are scouring Europe's biggest markets -- Spain, Portugal, Italy, Ireland and Greece looking for bargain properties. The portal says that searches in these countries increased by 134% in the year to end August 2010. ...
Continue reading Holiday Home Buyers Eye European Bargains
October 22nd, 2010
Spanish Prime Minister José Luis Rodríguez Zapatero announced Wednesday his largest cabinet reshuffle in a bid to build political momentum in face of European Union demands for tougher austerity measures. Zapatero said he would shut down the equality and housing ministries and replace several cabinet members, including his deputy. The two ...
Continue reading Spanish PM Announces Major Cabinet Reshuffle
October 21st, 2010
Spanish Prime Minister Jose Luis Rodriguez Zapatero is headed to victory on the country’s deepest budget cuts in three decades after striking deals with regional parties to support his 2011 fiscal blueprint. Coalicion Canaria, a party with two seats representing the Canary Islands, agreed yesterday to back Zapatero in exchange for ...
Continue reading Zapatero Strikes Deals to Ensure Budget Victory
October 20th, 2010
If you think recent real estate figures in the UK are confusing, then look no further than the Spanish market where property stats are even more up and down. The latest data fro the National Institute of Statistics (INE) suggest that property sales in August were up 1% on the previous ...
Continue reading Spanish Property Data Continues to Confuse
October 19th, 2010
The new AIPP Guide to Buying Overseas Property Safely is now available to download. It's the single most important collection of impartial advice about buying property in Spain. Download it now and read it from cover to cover. Here's my small contribution to the guide's 60 pages: Before you make a commitment, ...
Continue reading New Guide to Buying Spanish Property Safely
October 19th, 2010
Connells are to market thousands of heavily discounted Spanish properties through its high street branches. There is a glut of unsold properties in Spain, where prices have fallen hard. The Connells deal is through a partnership with Mediterranean CAM, the property arm of the Spanish savings bank CAM. Buyers will have the option ...
Continue reading Spanish CAM Bank in New 'Rent to Buy' Collaboration
October 19th, 2010
CAM Bank in New Rent to Buy Collaboration Spanish Banks: ECB Borrowing Down in September Fresh Cuts Predicted for Spanish Cajas Knight Frank Reports on European Property Market Qatar Airways Marks Launch of Second Spanish Route Spain's AC Hotels in Breakthrough Deal with Marriott The new AIPP Guide to Buying Overseas Property Safely is now available ...
Continue reading Property Pulse Issue 295 – 19th October, 2010
October 18th, 2010
Spanish banks borrowing from the European Central Bank eased for the second month in a row in September, reflecting improving funding conditions even if still holding at high levels. Data from the Bank of Spain showed borrowing from the ECB fell to 112 billion euros in the past month, down from ...
Continue reading Spanish Banks' ECB Borrowing Down in September
October 15th, 2010
Only months after two emergency rescues and a wrenching series of mergers among Spanish cajas de ahorros or savings banks, a second round of consolidation is being predicted by the country’s bankers, officials and financial analysts. With Spain’s economy still stagnant after the global crisis and the collapse of the Spanish ...
Continue reading Fresh Cuts Predicted for Spanish Cajas
October 14th, 2010
Two guides from Knight Frank paint a picture of what they believe will happen to the foreign buyer property market around the world. While the reports are not specific to the Spanish property market, the trends and conclusions make for interesting reading. The Knight Frank 2010 Global Property Wealth Survey concludes that ...
Continue reading Knight Frank Reports on European Property Market
