Archives for November 2011
November 30th, 2011
According to the latest study carried out by the Youth Council of Spain (CJE), young Spanish people need to spend more than half of their net income (53.5%) in order to buy a home, which explains in part why only four out of ten are able to afford to purchase ...
Continue reading Only Four in Ten Young Spanish Can Afford to Buy a Home
November 29th, 2011
House Sales Fall to Record Low Since 2005 Euro May Fall “Within Weeks” Top Spanish Properties This Week on Kyero 70% of Landlords Fear Tenants Defaulting Overnight Hotel Stays Increase 3.2% in October Ratings Agencies Maintain Spanish Debt Note 'The Euro may fall' was the dramatic headline of the most-read news article last week. Detailing the ...
Continue reading Property Pulse Issue 353 – 29th November, 2011
November 29th, 2011
Home sales fell 31.9% in the third quarter of 2011 over the same period of 2010, accounting for 84,852 transactions, and representing the lowest figures recorded by the Association of Property Registrars since 2005. The agency attributed the data to the difficult economic situation and high unemployment, which has not been ...
Continue reading House Sales Fall to Record Low Since 2005
November 28th, 2011
British magazine The Economist warns in its latest issue that the breakdown of the euro could happen in the coming weeks. In an article entitled "Is this really the end?", it says that "the fall of the single currency could occur within weeks", and it calls for the European countries, ...
Continue reading Euro May Fall “Within Weeks”
November 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 €31,000 Torrevieja, Alicante 1 ...
Continue reading Top Spanish Properties This Week on Kyero
November 25th, 2011
The economic crisis and rising unemployment have increased the fear of rental apartment owners. Seven in 10 thought that their tenants would not be able to meet the rental payments and end up becoming delinquent. This was one opinion that emerged from a study carried out by the legal expenses ...
Continue reading 70% of Landlords Fear Tenants Defaulting
November 24th, 2011
During the month of October, 24.7 million overnight stays were recorded in hotel establishments in Spain, indicating a 3.2% increase over the same month in 2010. Overnight stays by residents decreased by 9.3%, while non-resident stays increased by 11.1%. The average stay increased 3.5%, compared with October 2010, to 3.2 ...
Continue reading Overnight Hotel Stays Increase 3.2% in October
November 23rd, 2011
Standard & Poor's rating agency has maintained the 'AA-' rating on Spain’s solvency, a qualification between 'good' and 'remarkable', although it also maintains the "negative outlook" after the change in the Spanish Government on Sunday. The agency Fitch has also upgraded its post-election analysis: maintaining the 'AA-' rating for Spain although ...
Continue reading Ratings Agencies Maintain Spanish Debt Note
November 22nd, 2011
PP Wins Landslide Victory in Spain's Parliamentary Elections ECB Considers Using the IMF to Bail Out Weaker Countries Top Spanish Properties This Week on Kyero Mortgage Association Forecasts Drop in Euribor EU Presidents Debate on Strengthening the Euro Property Prices Will Continue to Fall, Says Bankinter Spain woke up to a new government yesterday after a ...
Continue reading Property Pulse Issue 352 – 22nd November, 2011
November 22nd, 2011
With 99.52 percent of votes counted in the Spanish polls on Sunday, Mariano Rajoy’s PP achieved its best result ever, with a large absolute majority of 186 seats, three more than those achieved by José María Aznar in 2000, while the PSOE suffered its greatest defeat collapsing to 110 seats, ...
Continue reading PP Wins Landslide Victory in Spain’s Parliamentary Elections
November 21st, 2011
Europe is striving to find solutions to the severe debt crisis in the eurozone, which has already spread to half of Europe, including several countries with the famous "triple A" note on their debt, among those France. The latest reports indicate that members of the eurozone and the International Monetary ...
Continue reading ECB Considers Using the IMF to Bail Out Weaker Countries
November 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 €42,000 Torrevieja, Alicante 2 ...
Continue reading Top Spanish Properties This Week on Kyero
November 18th, 2011
The Spanish Mortgage Association (AHE) anticipates that the Euribor, the primary reference index for mortgage loans, could register slight decreases over the coming months. In its latest quarterly bulletin, the AHE explains this trend is as a result of the European Central Bank (ECB) decision to cut interest rates to ...
Continue reading Mortgage Association Forecasts Drop in Euribor
November 17th, 2011
The Presidents of the European Commission, Jose Manuel Durao Barroso; the European Council, Herman Van Rompuy; and the Eurogroup, Jean-Claude Juncker, engaged in a debate on Wednesday before the plenary meeting of the Parliament, on strengthening economic integration in the euro zone in order to fight the debt crisis. The discussions ...
Continue reading EU Presidents Debate on Strengthening the Euro
November 16th, 2011
According to Bankinter’s latest report on the housing market in Spain, housing prices will fall an additional 6% up to the end of 2013, making an adjustment of 30% in real terms from their peak, and only begin to rise again in early 2014, when the economy is capable of ...
Continue reading Property Prices Will Continue to Fall, Says Bankinter
