Archives for December 2010
December 31st, 2010
The Sierra Nevada was once the source of the city's ice, provided by a hardy team of men The snow that falls on the Sierra Nevada each year is vital for the economy of Granada, bringing skiers in their thousands and providing a substantial winter income for hotels, restaurants and shops ...
Continue reading The Snowmen of the Sierra Nevada
December 30th, 2010
Reports on Spain's ailing housing market show sales volumes are down almost 50% since the summer and prices may suffer further falls of up to 30% — with holiday homes in tourist areas likely to fare worst of all. The Spanish market has collapsed since 2007, with prices of new coastal ...
Continue reading No Light Yet at the End of the Property Tunnel
December 29th, 2010
Spain needs five years to “correct” imbalances in its economy, Prime Minister Jose Luis Rodriguez Zapatero said, as he pledged not to backtrack on an “ambitious” pension overhaul. “We have been fighting the crisis for two years and we will need five years to correct the structural imbalances in this economy,” ...
Continue reading Spanish PM Calls for Unity to Solve Economic Difficulties
December 28th, 2010
We’re taking a look back and revealing the most read news stories of the year on Kyero. In 5th place, a weekly look at the top 20 properties for sale on Kyero. From the thousands of new properties that are advertised on Kyero each week, we highlight the most popular ones ...
Continue reading Most Popular Spanish Property News of 2010
December 28th, 2010
Spanish Prime Minister Jose Luis Rodriguez Zapatero and King Juan Carlos last Saturday opened the country's fourth high-speed rail line, making the country the European leader in the technology. The 438-kilometre (272-mile) route will slash travel time between the Spanish capital and the Mediterranean port of Valencia, Spain's third-biggest city, from ...
Continue reading Spain Becomes European High Speed Rail Leader
December 28th, 2010
Spain Becomes European High Speed Rail Leader Spain Sees Tourist Arrivals Increase Top Spanish Properties This Week on Kyero Spain On Track With Austerity Measures Spain’s Cajas Storing Up Problems for Property Market Andalucia’s Black Economy In this final newsletter of 2010, we’re taking a look back and revealing the most read news stories of the ...
Continue reading Property Pulse Issue 305 – 28th December, 2010
December 27th, 2010
The number of foreign visitors to Spain rose in November for the seventh straight month despite a drop in tourists from its main market Britain, government data showed Wednesday. The country welcomed 2.9 million foreign tourists last month, a 2.7 percent increase over the same time last year, bringing total arrivals ...
Continue reading Spain Sees Tourist Arrivals Increase
December 25th, 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 Spanish properties - as voted by you. Properties priced under €250,000 €85,000Mojacar, Almeria ...
Continue reading Top Spanish Properties This Week on Kyero
December 24th, 2010
Spain’s central government budget deficit for the first 11 months of the year has fallen 46 per cent from the same period last year, the latest sign that cost cutting and tax increases are bearing fruit for the beleaguered Spanish state. In a statement, the prime minister’s office said on Tuesday ...
Continue reading Spain On Track With Austerity Measures
December 23rd, 2010
Local banks in Spain are responsible for a flood of foreclosed properties set to hit the Spanish real estate market in 2011, it is claimed. There are now around 100,000 foreclosed homes on the market in Spain according to Madrid based Pisos Embargados de Bancos, a company that lists a quarter ...
Continue reading Spain's Cajas Storing Up Problems for Property Market
December 22nd, 2010
The fight for survival is tougher than ever in the business world and, to make matters worse, not all those who compete abide by the rules of the game. With the crisis the number of people working in the black has rocketed, while legally self-employed professionals suffer from this unfair ...
Continue reading Andalucia's Black Economy
December 21st, 2010
It’s that time of year again with just a few shopping days left until Christmas. We know many of you will be travelling home to see loved ones or taking advantage of some of the winter sunshine available in Spain. In what could have proved a disaster for many, the ...
Continue reading Christmas in Spain
December 21st, 2010
UK Appoints Adviser to Help Expats Caught in Property Scams Spain’s Banks to Face Further Pressure in 2011 Top Spanish Properties This Week on Kyero Eurozone Stability to Dominate Brussels Summit Worst October on Record for Spanish Property Market Spain’s Banks Need Extra Capital, Say Moody’s TINSA December House Prices Report It’s that time of year again ...
Continue reading Property Pulse Issue 304 – 21st December, 2010
December 21st, 2010
The UK government is currently dealing with more than a dozen different action groups made up of disenchanted expats who have lost hundreds of millions in property scams throughout Spain. The situation is so severe that the government recently appointed a special overseas property advisor to help deal with it and ...
Continue reading UK Appoints Advisor to Help Expats Caught in Property Scams
December 20th, 2010
Spain’s banks, burdened this year by rising defaults and flagging credit demand, will face further pressure in 2011 as funding costs eat away at the returns on their stock of home loans. The squeeze may be worst for lenders with the greatest proportion of mortgages because they have less scope to ...
Continue reading Spain's Banks to Face Further Pressure in 2011
