Archives for January 2012
January 31st, 2012
Spanair Closure Sees Vueling Stocks Soar EP Approves New Directive on Granting of Mortgages The IMF Forecasts Spain’s Deficit at 6.8% this Year How the Debt Crisis Has Affected Spanish Business Mortgages Fall Again in 19 Months of Declines Last week’s news focused on the continuing economic crisis. Although overseas investment in Spanish property rose by ...
Continue reading Property Pulse Issue 362 – 31st January, 2012
January 31st, 2012
The Spanish Stock Exchange believes that Vueling, the low cost airline owned by Iberia, will be one of the companies to benefit most from the closure of Spanair, after seeing them lead the markets with their stocks rising by over 20%. Spanair had a market share in Barcelona, where they ...
Continue reading Spanair Closure Sees Vueling Stocks Soar
January 30th, 2012
The Internal Market Commission of the European Parliament gave the go ahead on Thursday, to a draft directive that prohibits the granting of mortgages to consumers who do not have the capacity to repay the credit. The directive "on credit agreements for residential property" requires lenders to refuse loans which do ...
Continue reading EP Approves New Directive on Granting of Mortgages
January 27th, 2012
According to the Institution’s updated 'Fiscal Monitor' report, the International Monetary Fund (IMF) has drastically worsened its deficit forecast for Spain in 2012 and 2013 to 6.8% and 6.3% respectively, figures which double the 3% deficit target the Spanish economy must achieve in the next year. The organisation, chaired by ...
Continue reading The IMF Forecasts Spain’s Deficit at 6.8% this Year
January 26th, 2012
According to Social Security data, since 2008, the economic crisis has put 177,336 companies out of business in Spain, most of them small- and medium-sized enterprises, and especially in Murcia and Valencia, due to their dependence on the construction sector, while larger enterprises have demonstrated their ability to survive. This data ...
Continue reading How the Debt Crisis Has Affected Spanish Business
January 25th, 2012
The number of mortgages on homes fell 35.8% in November over the same month of 2010, reaching 28,113, one of the lowest figures of the series which started in 2003, the National Statistics Institute announced yesterday. With this year-on-year decline, mortgaged homes accumulated 19 months of declines. The drop, however, ...
Continue reading Mortgages Fall Again in 19 Months of Declines
January 24th, 2012
The number of self-employed foreigners in Spain grew 4.8% in 2011, reaching 208,512, which is 9,580 more than a year ago, according to a study released yesterday by the National Federation of Independent Workers Associations (ATA). The report, which was drawn up from Social Security data, also shows that in ...
Continue reading Self-Employed Foreigners Increased by 4.8% in 2011
January 24th, 2012
Self-Employed Foreigners Increased by 4.8% in 2011 De Guindos Calls for Simplified Employment Contracts Top Spanish Properties This Week on Kyero Fitch Praises Adjustment but Warns of Spain Downgrade 2012 International Tourism Fair Opens in Madrid Eurozone Situation “Very Serious”, says Draghi The weighty threats by credit agencies appeared twice on our news pages last week. ...
Continue reading Property Pulse Issue 361 – 24th January, 2012
January 23rd, 2012
The Spanish Minister of Economy, Luis de Guindos, said that he believes that to tackle the economic crisis and fight against unemployment we must not forget the need to address, without delay, necessary structural changes. At the same time he criticised the current wage bargaining system and the wide range ...
Continue reading De Guindos Calls for Simplified Employment Contracts
January 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 €250,000 Pueblo Benalmadena, ...
Continue reading Top Spanish Properties This Week on Kyero
January 20th, 2012
The head of Fitch's sovereign risk analysis, Ed Parker, said in Madrid that the countries which the rating agency placed on negative review last December, including Spain, "have a high probability of seeing their note lowered one or two notches later this month." Parker went on to say that the ...
Continue reading Fitch Praises Adjustment but Warns of Spain Downgrade
January 19th, 2012
The International Tourism Fair 2012 (Fitur), which was inaugurated in Madrid on Wednesday by the Prince of Asturias, opened with an exhibition space of 75,000 square metres spread over 9 pavilions and with 9,500 companies participating. The event kicked off with 9% less exhibitors than in the previous Fair and a ...
Continue reading 2012 International Tourism Fair Opens in Madrid
January 18th, 2012
The President of the European Central Bank (ECB), Mario Draghi, has warned that the debt crisis in the eurozone is worsening and has called the situation "very serious", but wanted to downplay the assessments of the credit rating agencies. Diario Sur reported that in his first address to the Committee on ...
Continue reading Eurozone Situation “Very Serious”, says Draghi
January 17th, 2012
Rental Increases Two Times Less Than the CPI Half a Million Families Will Lose Homes Due to Debt Crisis Top Spanish Properties This Week on Kyero Spanish Taxpayers to Pay 679 Euros More this Year Monti Warns Merkel and Sarkozy Over EU Leadership The Average House Price Fell 8.1% in 2011 Another Spanish house price index ...
Continue reading Property Pulse Issue 360 – 17th January, 2012
January 17th, 2012
Property rental prices rose 0.8% in December, which was two times less than the overall Consumer Price Index rate, which stood at 2.4%, according to data released on Friday by the National Statistics Institute. This decline is the most pronounced of the year, which began with an increase of 1.2% ...
Continue reading Rental Increases Two Times Less Than the CPI
