Archives for February 2012
February 29th, 2012
During the presentation of a report on real estate trends for this year, the president of CBRE, Eduardo Fernandez-Cuesta said they anticipated that real estate activity during 2012 will exceed the previous year, while housing prices will continue their downward trend throughout the year. In addition, Fernandez-Cuesta pointed out that ...
Continue reading Real Estate Business Will Improve in 2012
February 28th, 2012
World Bank Rules Out Bailout for Spain, Italy and Portugal Top Spanish Properties This Week on Kyero Brussels Forecasts Mild Recession for Spain in 2012 'Green' Spanish Construction Company Gets EU Award SIMA Winter 2012 Just Around the Corner Spanish Economy Shrinks 0.3% in Last Quarter In last week's property news, results and forecasts for the ...
Continue reading Property Pulse Issue 366 – 28th February, 2012
February 28th, 2012
World Bank President, Robert Zoellick, on Saturday ruled out the possibility that Italy, Spain and Portugal would need a bailout, but emphasised the importance of economic growth to strengthen the recovery. "The situation of each of these countries is different and they really have three interconnected problems", Zoellick maintained. "For some ...
Continue reading World Bank Rules Out Bailout for Spain, Italy and Portugal
February 27th, 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 3 Spanish properties - as voted by you. Property priced under €250,000: €69,900 Alicante 2 ...
Continue reading Top Spanish Properties This Week on Kyero
February 27th, 2012
According to economic forecasts published by the European Commission last week, the Spanish economy will shrink by 1% in 2012 and a mild recession will last until the end of the year due to the impact of the debt crisis, the cuts in the public sector and private consumption, due ...
Continue reading Brussels Forecasts Mild Recession for Spain in 2012
February 24th, 2012
Noem has won the first European Entrepreneurship Award from the EU for its proposal on "sustainable construction". Another Spanish company, ParkGreen was also a finalist. The company Noem received the award in the category "InnoEnergy" for projects focusing on renewable energy. In the same category, the other finalists were a ...
Continue reading ‘Green’ Spanish Construction Company Gets EU Award
February 23rd, 2012
The countdown has started to the new winter edition of the Madrid Real Estate Exhibition (SIMA), which is to be held on 24th, 25th and 26th February at the Palco de Honor at the Estadio Santiago Bernabeu. According to the organisers of the fair, SIMA Winter will have a total of ...
Continue reading SIMA Winter 2012 Just Around the Corner
February 22nd, 2012
The Spanish economy contracted in the fourth quarter of 2011 when compared with the previous quarter. According to the results from the Quarterly National Accounts published by the National Statistics Institute, the calendar and seasonally-adjusted GDP volume posted a -0.3% quarter-on-quarter rate of change in the last quarter. This is three-tenths ...
Continue reading Spanish Economy Shrinks 0.3% in Last Quarter
February 21st, 2012
The Government claims new homes will continue to become less expensive this year and almost 65% of the excess of new housing is located in coastal areas. Without free flowing funding or increased employment, it is harder to shift this stock, reported Cinco Dias. The majority of the homes which will ...
Continue reading New Homes Will Drop Further in Price
February 21st, 2012
Two Out of Three New Coastal Homes Will Drop in Price Drop in Euribor May Lower Mortgages Top Spanish Properties This Week on Kyero Eurogroup Postpones Decision Over Second Greek Bailout Rents Up by 0.8% in January Moody's Downgrades Spain's Debt Rating TINSA February House Price Report Last month's TINSA house price report indicated that while still ...
Continue reading Property Pulse Issue 365 – 21st February, 2012
February 20th, 2012
The Euribor, the main indicator to which mortgages are referenced in Spain, has dropped its daily rate by five thousandths, strengthening its downward trend and giving hope to those whose mortgages are coming up for review that their monthly mortgage payments could begin to decrease. The daily indicator stood at 1.664% ...
Continue reading Drop in Euribor May Lower Mortgage Payments
February 18th, 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 under 250,000€ - as voted by you. €69,900 Alicante, Alicante 2 bed, 1 ...
Continue reading Top Spanish Properties This Week on Kyero
February 17th, 2012
The Eurogroup announced the postponement until Monday, of the meeting of finance ministers originally scheduled for Wednesday in order to make a decision on the second bailout of Greece, on the grounds that the government in Athens has not yet fulfilled all the conditions for receiving aid. Eurogroup Chairman, Jean-Claude Juncker, ...
Continue reading Eurogroup Postpones Decision Over Second Greek Bailout
February 16th, 2012
According to data from the National Statistics Institute, the average price of renting a home in Spain increased by 0.8% in January compared with the same month the previous year. The increase in rental rates stands at 1.2 points below the overall CPI, which started the year at 2% and ...
Continue reading Rents Up by 0.8% in January
February 15th, 2012
The rating agency Moody's has downgraded the sovereign debt rating of Spain and five other European countries, while at the same time placing France, Austria and the UK (who are presently enjoying the maximum 'Aaa' note), on negative outlook. The downward revision of the ratings and the outlook for a ...
Continue reading Moody’s Downgrades Spain’s Debt Rating
