Archives for 2010
December 18th, 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 €20,350Baza, Granada ...
Continue reading Top Spanish Properties This Week on Kyero
December 17th, 2010
Concerns about the stability of the eurozone are set to dominate a meeting of European leaders in Brussels. The two-day summit is expected to see an agreement to set up a permanent system for rescuing countries that get heavily into debt. But there is still much debate about how such a system ...
Continue reading Eurozone Stability to Dominate Brussels Summit
December 16th, 2010
Spanish property sales are down to their lowest level on record according to figures from the Spanish national statistics institute, INE. Excluding social housing, there were 23,927 property sales in October, down 20% on the same month in 2009 and down 25% on September 2010. Although INE figures only date back to ...
Continue reading Worst October on Record for Spanish Property Market
December 15th, 2010
Moody's Investors Service on Monday lifted its estimated loan losses for the Spanish banking system by 63% to €176 billion (232.81 billion), saying the country's banks have only recognized half of this figure to date and would need additional capital of €17 billion to take such a hit. The ratings agency ...
Continue reading Spain's Banks Need Extra Capital, Say Moody's
December 14th, 2010
TINSA has a new Spanish house price report available today. You can download it here. The accompanying TINSA press release summarises this report as The decline in house prices continues to slow in November. In November, the IMIE General index reached 1875 points, a year-on-year decrease of 3.6%, reflecting a slowdown ...
Continue reading TINSA December House Prices Report
December 14th, 2010
The fallout from the air traffic controller strike and EU economic struggles dominated the news last week in Spain. Tough and decisive action was taken by the Spanish government in the air traffic controller strike. The Prime Minister's decision to force them back to work under military authority was ...
Continue reading This Week's Spanish Property News
December 14th, 2010
Growing Concerns in the Eurozone Banking Sector Rural Spanish Properties Gaining in Popularity Top Spanish Properties This Week on Kyero Zapatero’s Tough Actions Boost Political Support Spain and Portugal Team Up to Fight Economic Crisis Rising Spanish Stars: Buy Telefonica Spain Steps Up Fiscal Consolidation The fallout from the air traffic controller strike and EU economic struggles ...
Continue reading Property Pulse Issue 303 – 14th December, 2010
December 14th, 2010
Queues outside branches as anxious depositors at Northern Rock tried to retrieve their cash: the scenes of Friday September 14 2007 are by now firmly embedded in British banking history as one of the industry’s most shameful episodes. A run on a bank was not seemly in a modern European ...
Continue reading Growing Concerns in the Eurozone Banking Sector
December 13th, 2010
House hunters are shunning Provence and Tuscany in favour of the more affordable Spanish countryside. The British are such romantics when it comes to second homes. Given the choice between a lock-up-and-leave apartment on the coast and a ruined farmhouse in the middle of nowhere, we’ll take the farmhouse every time. ...
Continue reading Rural Spanish Properties Gaining in Popularity
December 11th, 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 €25,000Albanchez, Almeria ...
Continue reading Top Spanish Properties This Week on Kyero
December 10th, 2010
Despite the chaos caused by last weekend's air-traffic controller strikes in Spain, the government's severe response has shored up the position of Spain's embattled prime minister and could give him more support in passing reforms. Prime Minister José Luis Rodriguez Zapatero's decision to force air-traffic controllers back to work under military ...
Continue reading Zapatero's Tough Actions Boost Political Support
December 9th, 2010
In his novel "The Stone Raft," Portugal’s Nobel Prize-winning author Jose Saramago imagines the Iberian Peninsula breaking away from mainland Europe and drifting off into the Atlantic Ocean. The book is a playful fable about Spain and Portugal and the complex relationship between the two. Lately, Saramago's Iberian idyll has seemed ...
Continue reading Spain and Portugal Team Up to Fight Economic Crisis
December 8th, 2010
You think 10% unemployment is bad? Try 20% -- that's the unemployment number right now in Spain, one of the many Eurozone countries getting dragged down by anemic growth, massive debt, and a rigid labor market. And now that Ireland has officially accepted an EU/IMF bailout for roughly $90 billion ...
Continue reading Rising Spanish Stars: Buy Telefonica
December 8th, 2010
Spain has raised tobacco tax, reduced windpower subsidies and brought forward pension reform in the latest measures to reduce the budget deficit and convince financial markets it has embarked on fundamental economic improvements. Prices of sovereign bonds issued by Spain, Portugal and other “peripheral” eurozone economies fell sharply early in the ...
Continue reading Spain Steps Up Fiscal Consolidation
December 7th, 2010
Thanks to Chris's comments on last week's Top 20 properties, this week's report has thirty properties broken down by price range. What's interesting is that, while popular properties under €250,000 are very much grouped at the lower end of the price range (with an average price of under €100,000), the other ...
Continue reading Spanish Property Surprises
