Archives for September 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
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 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
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 27th, 2011
Zapatero Dissolves Spanish Parliament Spanish Trade Deficit At 13-Year Low Top Spanish Properties This Week on Kyero Spanish Mortgages Down in July, Up in August? Spanish Parliament Restores Wealth Tax Spanish Economy Targets “Are Not Changing” The main property news last week relates to the reintroduction of wealth tax. The tax was abolished in 2008, at ...
Continue reading Property Pulse Issue 344 – 27th September, 2011
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, ...
Continue reading Top Spanish Properties This Week on Kyero
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
Spain's Parliament restored a deficit-reducing wealth tax today in its final session before dissolving to make way for the general election in November. Most opposition parties criticized the tax bill as a desperate electoral maneuver by the beleaguered ruling Socialists, who argue it is only fair to hit the rich harder ...
Continue reading Spanish Parliament Restores Wealth Tax
September 21st, 2011
Spain's economy is expanding slower than expected but the government is battling to boost activity and is not changing its 2011 targets, said Finance Minister Elena Salgado. The economy steadied in 2010 and grew 0.2 percent in the second quarter of 2011, but not enough to make a large difference to ...
Continue reading Spanish Economy Targets “Are Not Changing”
September 20th, 2011
Today, we're taking a look at Arroyo De La Miel in Malaga, it is is the area located in between Benalmádena Pueblo and Benalmádena Costa, which has become a main residential zone. Most famous for its attractions such as Tivoli World the cable car running to the top of the ...
Continue reading Top Properties in Arroyo De La Miel
September 20th, 2011
Latest Laws for Evicting Tenants in Spain Top Spanish Properties This Week on Kyero Zapatero Airs Concerns Over GDP Forecast Tarragona: Most Popular Properties in Garcia Fraudulent Letting Agents Arrested Spanish Government to Reinstate Wealth Tax TINSA September House Price Report We reported last week on claims that Spanish banks are using the role as lender and ...
Continue reading Property Pulse Issue 343 – 20th September, 2011
September 20th, 2011
The leader of Spain's conservative party said yesterday he would lower taxes on businesses to encourage entrepreneurs and chip away at a 21 percent jobless rate if elected prime minister as opinion polls suggest he will be. Until now Mariano Rajoy of the Popular Party has been largely quiet on what ...
Continue reading Opposition Leader Confirms Tax Cut Plans
September 19th, 2011
The Spanish congress has recently passed a law encouraging the leasing of properties on the part of owners by making the eviction process much easier. Amongst other things, the new law speeds up the judicial process the owner is faced with when seeking an eviction or payment of rent due. The ...
Continue reading Latest Laws for Evicting Tenants in Spain
