Archives for September 2011

September 30th, 2011

Foreign tourist expenditure in Spain is at an all-time high in 2011, with average daily spend of 99 euros and an average spend per tourist of 925 euros. Records began to be kept in 2004 and this years figures beat the previous record of 36,213.6 million euros spent by foreign tourists ...

Continue reading Record Tourist Expenditure in 2011

September 30th, 2011

Spain's central bank chief has confirmed that the 13.39 billion euro clean-up of its banks has completed. He has now called on Europe's policymakers to solve the sovereign-debt crisis that now threatens the health of banks across the EU. "What is obviously a priority is the resolution of the sovereign debt ...

Continue reading Spanish Bank Restructuring Now Complete

September 29th, 2011

Pressure from other political parties and major banks has led to the abandonment of the part privatisation of the national lottery. The government has been under pressure not to float the company and Esteban González Pons, the main opposition spokesman, said that his party will not privatise the lottery company. The decision ...

Continue reading Spanish Lottery Sale Called Off

September 29th, 2011

The autonomous government of Catalonia plans a sale-leaseback of 26 buildings in Barcelona worth €450m as Spain’s regional administrations in general pursue cost-cutting measures. The buildings in Barcelona include the stock exchange and buildings occupied by the economy, agriculture, justice and education secretariats, as well as Catalonia’s revenue and treasury offices. Realtors ...

Continue reading Local Governments Offloading Valuable Real Estate

September 28th, 2011

The Canary Island of El Hierro, the smallest and farthest southeast of the Spanish Atlantic archipelago, is steeling itself for a possible volcanic eruption after a series of tremors was felt during the weekend. The strongest of these, 3.4 on the Richter scale, shook El Hierro on Saturday. The regional government ...

Continue reading Concern that El Hierro’s Volcano May Erupt

September 28th, 2011

The central government's budget deficit narrowed in the eight months to August, improving the chances of meeting its deficit goal. A 30.9 billion-euro deficit was reported, or 2.83 percent of gross domestic product, compared with 3.28 percent a year earlier, the Finance Ministry said today. For the full year, the ...

Continue reading Spanish Budget Deficit Target on Track

September 27th, 2011

The number of crimes in Spain dropped by 3.6% during 2010, when compared to the previous year. Nine out of 10 of those convicted were male, with less than 10 percent female. One area which demonstrated an increase in convictions was deception related crimes, such as fraud, money laundering/counterfeiting and crimes ...

Continue reading Crime Rates Fall Across Spain

September 27th, 2011

Today, we're taking a look at Mora D'ebre, the capital of the Ribera d'Ebre district in Tarragona, Catalonia. Its the oldest settlement in the area, dating back 6,000 years and is now a thriving city, with excellent access and just 10 minutes to the coast. We publish thousands of Spanish properties ...

Continue reading Most Popular Property in Mora D’ebre

September 27th, 2011

Jose Luis Rodriguez Zapatero dissolved the Spanish parliament yesterday – four months earlier than required – setting the stage for a 20 November general election. To formalise the arrnagements, Zapatero signed a decree dissolving the legislature and informing King Juan Carlos. It is almost guaranteed that the move will bring in a ...

Continue reading Zapatero Dissolves Spanish Parliament

September 26th, 2011

Protesters gathered in towns and cities across Spain yesterday to call for the suspension of home repossessions and for home ownership to be a basic right rather than a business. Among the demonstrators were members of the 15-M movement, the Plataforma de Afectados por las Hipotecas ('platform for mortgage victims' and the ...

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September 26th, 2011

Spain’s trade deficit narrowed in July to its lowest level for 13 years as exports surged and the number of foreign tourists hit record figures. The trade shortfall was 1.64 billion euros, down 62 percent from a year earlier and the lowest since July 1998, the Spanish Ministry of Industry in ...

Continue reading Spanish Trade Deficit At 13-Year Low

September 24th, 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 €78,000 Orihuela Costa, ...

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September 23rd, 2011

Further to yesterday's news of record tourists figures in August, results show that 41.5 million overnight stays were recorded in hotels throughout Spain during the same month - a 6.2% increase compared with the same month in 2010. Overnight stays by Spanish residents decreased 1.4%, while foreign stays increased by 12.2%. ...

Continue reading 41.5 Million Hotel Stays in Spain During August

September 23rd, 2011

The number of mortgages issued for Spanish homes dropped in July, official data data released by the National Institute of Statistics (NIE) showed yesterday. There were 29,523 new mortgages and the value of mortgage lending during the month totaled 3.27 billion euros, a 51.8 percent drop over the same time last ...

Continue reading Spanish Mortgages Down in July, Up in August?

September 22nd, 2011

According to the figures contained in the Frontier Tourist Movement Survey (FRONTUR) drafted by the Institute for Tourism Statistics of the Ministry of Industry, Tourism and Trade, the figures for inbound tourists in August exceeded the previous monthly record of 7.63 million tourists in July 2007. 655,000 more inbound tourists visited ...

Continue reading Record Tourist Numbers in August