Archives for 2012
May 22nd, 2012
Construction Activity in the Eurozone Up 12.4% in March Top Spanish Properties This Week on Kyero Investments and Exports Suppress Spanish Economy Spanish Property to Fall 24% in 2012, Recovery in 2013 Services Sector Decline Deepens in March ECB to Help with Audit of Spanish Banks In Spanish property news this week, the consumption of unsold ...
Continue reading Property Pulse Issue 378 – 22nd May, 2012
May 22nd, 2012
The eurozone construction sector recorded an increase in activity in March of 12.4% over the previous month, when it had fallen by 10.4%, while year-on-year the decline was 3.8%, according to data published on Monday by the European statistics office, Eurostat. In the whole of the European Union, production in the ...
Continue reading Eurozone Construction Activity Up 12.4%
May 21st, 2012
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 €85,000San Javier, ...
Continue reading Top Spanish Properties This Week on Kyero
May 21st, 2012
According to the Quarterly National Accounts data published on Thursday by the National Statistics Institute, the contraction of 2.6% in investments and the 0.9% drop in exports, coupled with stagnant consumption and public spending cuts, caused the economic decline between January and March, and puts Spain officially in recession after ...
Continue reading Investments and Exports Suppress Spanish Economy
May 18th, 2012
According to the seventeenth edition of the Real Estate Pulsometer prepared by the Corporate Practice Institute (IPE), they are optimistic that the 'stock' of unsold homes in Spain will be reduced by 23.6% in 2012, by up to 611,250 homes, and they anticipate that new construction activity will begin to ...
Continue reading Spanish Property Stock to Fall 24% in 2012, Recovery in 2013
May 17th, 2012
The services sector recorded a fall in its turnover in March of 5.3% over the same month of 2011, which marks seven months of declines year-on-year, according to provisional data published on Wednesday by the National Statistics Institute. The annual decline in March has increased compared to that recorded in February, ...
Continue reading Services Sector Decline Deepens in March
May 16th, 2012
The Spanish Economy Minister, Luis de Guindos, said on Tuesday that he has asked the European Central Bank (ECB) to assist in the independent audit of the Spanish banks' balance sheets and is committed to speeding ahead with the work, as the Eurogroup has called for, in order to have ...
Continue reading ECB to Help with Audit of Spanish Banks
May 15th, 2012
The average price of home rentals in Spain grew by 0.7% during April, compared to same month of 2011, according to latest figures released on Friday by the National Statistics Institute. The increase in rental prices stands 1.4 points below the overall CPI, which reached 2.1% in April. However, rental prices ...
Continue reading Rental Prices Rose 0.7% in April
May 15th, 2012
Rental Prices Rose 0.7% in April Eurozone Wants Independent Study of Spanish Banks’ Assets Top Spanish Properties This Week on Kyero Bank Measures Will Stimulate Spanish Property Market BBVA Estimates Unemployment Will Reach 25% ...
Continue reading Property Pulse Issue 377 – 15th May, 2012
May 14th, 2012
The eurozone countries want independent experts to value the toxic real estate assets that Spanish banks have on their balance sheets in order to increase transparency. The Eurogroup also expects the Government to demand entities to make "a very substantial increase in their provisions" in order to meet potential losses ...
Continue reading Eurozone Wants Independent Study of Spanish Banks’ Assets
May 14th, 2012
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 €64,000Sant Joan, ...
Continue reading Top Spanish Properties This Week on Kyero
May 11th, 2012
Spanish Prime Minister, Mariano Rajoy, said this week that the measures taken by the Government "on Friday and previously" to complete the consolidation of the Spanish banking sector, would solve a "good part" of the economic problems facing Spain. "These are important and far-reaching decisions. These are difficult and hard times, ...
Continue reading Bank Measures Will Stimulate Spanish Property Market
May 10th, 2012
The Research Department of the BBVA (BBVA Research) has downgraded its unemployment forecast for Spain, and now expects the rate to reach 24.6% this year and climb to 24.8% in 2013, according to the latest update of its magazine 'Situación España'. These forecasts are worse than those raised previously (24.4% and ...
Continue reading BBVA Estimates Unemployment Will Touch 25% in 2013
May 9th, 2012
Foreigners invested 4,748 million euros in real estate in Spain in 2011, which is up 27% from the previous year and represents the largest expenditure made by this group since 2008, while Spanish investment abroad fell 23.4%. According to the Bank of Spain, foreign investment in Spanish property, which has increased ...
Continue reading Foreign Spending on Spanish Property Up 27%
May 8th, 2012
TINSA has a new Spanish house price report available today. The accompanying press release summarises their findings: The IMIE General index declined by 12.5% in April, pushing the index down to 1603 points. The cumulative decline in house prices from the peak of the market in December 2007 rose to 29.8%. ...
Continue reading Spanish house prices continue their decline in April
