Archives for February 2011
February 28th, 2011
Spanish Prime Minister Jose Luis Rodriguez Zapatero is beating his Portuguese counterpart Jose Socrates as they battle to convince investors they can stem the debt crisis and restore economic growth. The extra yield investors demand to own Portuguese 10-year bonds rather than Spanish securities has climbed this year, approaching levels reached ...
Continue reading Spain Leading Portugal in Debt Race
February 26th, 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 €160,000Denia, Alicante ...
Continue reading Top Spanish Properties This Week on Kyero
February 25th, 2011
Millions of Spaniards are trapped in debt, stuck with overpriced homes that are keeping household spending low, unemployment high and international investors nervous. The bursting of Spain's property bubble has left few winners bar those who have scooped up a bargain at forced auctions of luxury flats in deserted housing estates ...
Continue reading Spanish Property Crisis Traps Millions in Debt
February 24th, 2011
Spain is winning the struggle to restore financial market confidence and is convinced Germany will back a stronger euro zone rescue fund despite Chancellor Angela Merkel's domestic troubles, Prime Minister Jose Luis Rodriguez Zapatero said. "We are winning the battle, but I still have my guard up because we have to ...
Continue reading Spain Winning the Financial Battle, Says Zapatero
February 23rd, 2011
US gaming giant Las Vegas Sands is "very actively pursuing" plans to build a Las Vegas-style casino strip in Spain at a cost of up to 15 billion euros ($20.4 billion), its chief said Thursday. Sheldon Adelson told the Foreign Correspondents Association in Singapore that Las Vegas Sands is already in ...
Continue reading €15 Billion 'Euro Vegas' Planned for Spain
February 22nd, 2011
Spain Clears Plan to Shore Up Savings Banks Exports Aid Spain’s Return to Growth Top Spanish Properties This Week on Kyero Investors Seek to Profit from Spanish Cajas Reform Spain Creates ‘Hiring’ Tax Break to Ease Unemployment Spanish Tourism to Get Unexpected Boost The government made firm its decree to force the savings banks of Spain ...
Continue reading Property Pulse Issue 313 – 22nd February, 2011
February 22nd, 2011
Spain approved a decree toughening capital requirements for banks on Friday, but pushed out a deadline for unlisted regional banks to get private capital on board by six months. The decree forces savings banks, or 'cajas', to seek private capital, either by direct investment or stock market listings, in order to ...
Continue reading Spain Clears Plan to Shore Up Savings Banks
February 21st, 2011
The Spanish economy returned to growth in the fourth quarter, as consumer spending picked up and exports surged, data from the National Statistics Institute, or INE, showed Wednesday. Gross domestic product rose by 0.2% in the fourth quarter from the third, the INE said in a statement, confirming an estimate it ...
Continue reading Exports Aid Spain's Return to Growth
February 19th, 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 €88,000Oliva, Valencia ...
Continue reading Top Spanish Properties This Week on Kyero
February 18th, 2011
The already rapid restructuring of the Spanish banking sector is accelerating, according to analysts and bankers, now that the finance ministry has seized the initiative from the central bank and investors in Spain and abroad are busily studying possible mergers and takeovers. “London-Madrid flights must be more clogged with bankers than ...
Continue reading Investors Seek to Profit from Spanish Cajas Reform
February 17th, 2011
The Spanish government created tax breaks to encourage hiring young people and the long-term unemployed in a bid to lower the 43 percent youth jobless rate. Companies will get a reduction of 75 percent to 100 percent in social-security taxes for offering part-time work to people up to 30 years old ...
Continue reading Spain Creates 'Hiring' Tax Break to Ease Unemployment
February 16th, 2011
Spain's Canary Islands could get 300,000 extra tourists this winter as northern European sunseekers shun Egypt and Tunisia because of the political unrest in the two nations, officials said last week. Both nations have emerged in recent years as cheaper alternatives to the Canaries for those seeking a winter break by ...
Continue reading Spanish Tourism to Get Unexpected Boost
February 15th, 2011
This week, in what was termed a “shock plan” to tackle unemployment, much needed incentives for employers to hire new staff and additional emergency benefit payments were announced by the Spanish Minister for Labour. It’s one of a series of announcements in the past few weeks. The government has raised the ...
Continue reading Nice work Zapatero – Shut the door behind you
February 15th, 2011
Spain's top lender Santander moved to gain full control of Polish target Bank Zachodni WBK yesterday, offering to buy minority investors out for a 4.5 per cent premium, which values the bank at $5.7 billion. Santander beat European rivals seeking a slice of Polish growth with a deal in September to ...
Continue reading Santander in Bid to Take Over Polish Bank
February 15th, 2011
Santander in Bid to Take Over Polish bank Top Investment Chief Favours Spanish Bonds Top Spanish Properties This Week on Kyero Zapatero Keeps Voters Guessing Over 2012 Elections Spain in Appeal to Bring Back British Buyers Spanish Banks Display Risky Appetite for Property TINSA February House Prices Report This week, in what was termed a “shock plan” ...
Continue reading Property Pulse Issue 312 – 15th February, 2011
