Archives for 2011
December 30th, 2011
The number of mortgages on homes fell 43.6% in October compared to the same month of 2010, reaching 22,193 and which was 8,500 less than in the previous month and the lowest figure recorded in the entire series which started in 2003, according to the National Statistics Institute (INE). With this ...
Continue reading Spanish Mortgage Lending Lows
December 29th, 2011
Mariano Rajoy’s new conservative government is scheduled to announce its economic plans this Friday and during the inauguration of Spain’s new government officials, PP Economy Minister Luis De Guindos said that the next two quarters "will not be easy" either for GDP or for the creation of employment, and added ...
Continue reading Spain’s Prime Minister to Announce Tough Economic Plans
December 28th, 2011
The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, has called on European leaders to "speak with one voice" and to come up with a "detailed" schedule to address the debt crisis that threatens to destabilise the international financial system. "The world economy is in a dangerous situation", Lagarde ...
Continue reading ‘The World Economy is in a Dangerous Situation’, Says IMF Chief
December 27th, 2011
Eviction procedures presented in the Spanish courts in the third quarter of the year totalled 10,869, which represents an increase of 14.2% over the same period last year, but less than the 16,464 evictions that occurred between April and June. According to data from the Supreme Judicial Council (CGPJ) published on ...
Continue reading Evictions Increased by 14.2% in Third Quarter
December 27th, 2011
Evictions Increased by 14.2% in Third Quarter Hotel Occupancy Rose by 1.7% in November Eurozone Members to Contribute to IMF Rescue Fund Rajoy to Introduce Government Bonus for Hiring Young People Foreign Tourists Spent Nearly 47,000 Million Euros to October 2011 was certainly a challenging year, with Spain, Europe and most of the world still ...
Continue reading Property Pulse Issue 357 – 27th December, 2011
December 26th, 2011
Spanish hotels recorded 14.6 million overnight stays in November, representing an increase of 1.7% over the same month of 2010, while prices fell by 0.3%, a tenth lower than in November 2010, according to figures released on Friday by the National Statistics Institute (INE). The increase in hotel occupancy experienced in ...
Continue reading Hotel Occupancy Rose by 1.7% in November
December 23rd, 2011
The European Union (EU) have agreed to contribute 150,000 million euros in bilateral loans to the International Monetary Fund (IMF). If the United Kingdom had agreed to join in the efforts of the rest of the continent the figure could have reached 200,000 million euros. However, the German Foreign Minister, ...
Continue reading Eurozone Members to Contribute to IMF Rescue Fund
December 22nd, 2011
Mariano Rajoy has called for the reform of the labour market to be a priority which needs to be done "soon". During the first half of January, the Government will receive the proposals and agreements, if any, of the social partners, and later submit a draft reform to the House ...
Continue reading Rajoy to Introduce Government Bonus for Hiring Young People
December 21st, 2011
International tourists visiting Spain spent 46,955 million euros between January and October, representing a 8.4% increase, according to figures from the Tourism Expenditure Survey (Egatur) from the Ministry of Industry, Tourism and Trade published last Monday. The average expenditure per tourist stood at 924 euros in the first ten months, 0.3% ...
Continue reading Foreign Tourists Spent Nearly 47,000 Million Euros to October
December 20th, 2011
The crisis that began in the second half of 2007 is still continuing. The consultancy firm Ernst & Young's report on Spain’s prospects for the coming years is based on the slowdown in the economy since the first quarter of this year, and which they warn is not likely to ...
Continue reading Ernst & Young: “Spanish Recovery Likely in Second Half of Next Year”
December 20th, 2011
Ernst & Young: “Spanish Recovery Likely in Second Half of Next Year” TINSA December House Price Report Fall of Housing Prices Increases Foreign Buyers in Spain Top Spanish Properties This Week on Kyero Spanish Income Per Capita is the EU average House Rental Prices Rise 0.9% Van Rompuy: Restoring Confidence in Euro “More Difficult” Than Expected The ...
Continue reading Property Pulse Issue 356 – 20th December, 2011
December 19th, 2011
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 The General IMIE index fell again in November to 1725 points to a year-on-year decline of 8% compared with 6.9% the previous month. The ...
Continue reading TINSA December House Price Report
December 19th, 2011
With sales figures showing foreign purchases of Spain increased by 24.7% in the third quarter, over the same period of 2010, according to the Housing Price Index (HPI) of the National Statistics Institute (INE) sales prices in the same period were shown to have fallen by 7.4%. Cinco Dias reported ...
Continue reading Fall of Housing Prices Increases Foreign Buyers in Spain
December 17th, 2011
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 €35,000 Oria, Almeria 3 ...
Continue reading Top Spanish Properties This Week on Kyero
December 16th, 2011
The per capita wealth of the Spanish fell again in 2010 as a result of the economic crisis but is at the same level as the EU average, according to data released on Tuesday by the EU statistics office, Eurostat. The gross domestic product (GDP) per capita in Spain fell from ...
Continue reading Spanish Income Per Capita is the EU average
