Archives for November 2010
November 30th, 2010
We've a new report highlighting the 20 most popular Spanish properties this week on Kyero - as voted by you. It's noticeable that all the properties featured are below 200,000€, and that many are located in Alicante province - an area with a lot of properties, and many bargain hunters. On our ...
Continue reading Spain's Public Deficit 20% Lower than EU Average
November 30th, 2010
The number of foreign visitors to Spain rose in October for the sixth straight month despite a drop in tourists from Britain and Germany, its two main markets, government data showed last Monday. The country welcome 4.8 million foreign tourists last month, a 4.2 percent increase over the same time last ...
Continue reading Spain Records Sixth Monthly Rise in Tourist Numbers
November 30th, 2010
Spain Records Sixth Monthly Rise in Tourist Numbers Property Price Confusion Scaring Off Investors This Week’s Top 20 Spanish Properties Spain’s Financial Outlook Comfortable Analysts Warn Over Future Bailout Costs EU Aid for Ireland ‘Good News’, Says Spain’s Foreign Minister We've a new report highlighting the 20 most popular Spanish properties this week on Kyero - ...
Continue reading Property Pulse Issue 301 – 30th November, 2010
November 29th, 2010
Spain faces a problem as empty homes left over from the housing boom go up for sale: determining just how much the properties are worth. Analysts, property-sales representatives and economists said data coming from the government and even some large appraisal companies understate the drop in real-estate prices. That is causing ...
Continue reading Property Price Confusion Scaring Off Investors
November 27th, 2010
Each day, we record the popularity of every Spanish property advertised on Kyero. We measure how fresh and complete the advert is, and how visitors interact with it. This week, thousands of new properties were advertised on Kyero.com. Here's this week's top 20 Spanish properties - as voted by you. €195,000Chiclana De La Frontera, ...
Continue reading This Week's Top 20 Spanish Properties
November 26th, 2010
Spain’s funding for the rest of the year remains “comfortable,” helped by better-than-forecast revenue and a shrinking budget deficit, and the government doesn’t expect problems tapping financial markets going forward, said Deputy Finance Minister Jose Manuel Campa. Spain, which saw its borrowing costs surge to an eight-year high yesterday, has two ...
Continue reading Spain's Financial Outlook Comfortable
November 25th, 2010
The cost of providing an Irish-style bailout for Spain would almost empty the emergency fund that was set up by the European Union and the International Monetary Fund to deal with the crisis affecting members of monetary union, a leading team of analysts warned tonight. Amid growing fears that pressure on ...
Continue reading Analysts Warn Over Future Bailout Costs
November 24th, 2010
Spain's foreign minister, whose country is considered at risk in Europe's debt crisis, said on Monday that the decision by Ireland to accept a bail-out would stabilise the euro. Foreign Minister Trinidad Jimenez welcomed the decision by the European Union to come to the aid of Ireland as 'good news' and ...
Continue reading EU Aid for Ireland 'Good News', Says Spain's Foreign Minister
November 23rd, 2010
Today we sent out issue 300 of Kyero's Property Pulse newsletter and a look back at over 6 years of writing about the Spanish Property Market. Kyero itself was launched in late 2003 at a time when Internet use was still in its infancy and searching for property, or property information, ...
Continue reading Six Years of Spanish Property News
November 23rd, 2010
Advent Acquires Spanish Property Appraiser TINSA Spain and Portugal Rule Out Bailout Deals Spain the Key to Fixing Peripheral Europe? Spain Still Fighting Off Eurozone Contagion Low ECB Borrowing Good Sign for Spanish Banks Welcome to issue 300 of Kyero's Property Pulse newsletter and a look back at over 6 years of writing about the ...
Continue reading Property Pulse Issue 300 – 23rd November, 2010
November 23rd, 2010
Boston-headquartered private equity firm Advent International has paid €100m for a 94.5 per cent stake in Spanish property valuation company Tinsa, with most of the remaining stock being held by the management team. Tinsa provides property valuation, analysis and real estate advisory services. It deliberately avoids brokering property transactions in the ...
Continue reading Advent Acquires Spanish Property Appraiser TINSA
November 22nd, 2010
Spain and Portugal have hurried to disassociate themselves from Ireland’s debt crisis, saying their own fiscal problems can be solved without the kind of rescue package mooted for Ireland by the European Union and the International Monetary Fund. José Luis Rodríguez Zapatero, Spain’s socialist prime minister, said in parliament on Thursday ...
Continue reading Spain and Portugal Rule Out Bailout Deals
November 19th, 2010
Want an interesting estimate for the cost of fixing peripheral Europe? Credit Suisse’s Andrew Garthwaite & Co. are here to serve. They reckon that total bank losses in Spain, Greece, Ireland and Portugal have so far been about €140bn — or 8 per cent of GDP. If you compare those with the ...
Continue reading Spain – the Key to Fixing Peripheral Europe?
November 18th, 2010
Spain has sought to distance itself from the renewed debt crisis afflicting smaller eurozone economies, insisting that its austerity plans are on track and reminding investors that financial markets judge the country to be more like Italy than Ireland in terms of risk. José Manuel Campa, deputy finance minister, told a ...
Continue reading Spain Still Fighting Off Eurozone Contagion
November 17th, 2010
Borrowing by Spanish banks from the European Central Bank dropped in October to its lowest level in over a year, suggesting the peripheral euro zone nation's banking system is in relatively good health. Spanish banks borrowed 71 billion euros ($97 billion) from the ECB in October, Bank of Spain data showed ...
Continue reading Low ECB Borrowing Good Sign for Spanish Banks
