Archives for May 2012
May 31st, 2012
According to the leading indicator on the evolution of prices in Spain, published on Wednesday by the National Statistics Institute, the Consumer Price Index cut its year-on-year rate by two-tenths in May to 1.9%. This drop in prices in the fifth month of the year, comes after the increase in April ...
Continue reading Inflation Down Due to Cheaper Food and Fuel
May 30th, 2012
According to the Tourist Expenditure Survey (EGATUR), drafted by the Institute for Tourism Studies of the Ministry of Industry, Energy and Tourism, inbound tourists to Spain spent a total of just over 13 billion euros in the period from January to April 2012. This is 3.5% more than in the ...
Continue reading Tourists Spend Over 13 Billion Euros Between January and April 2012
May 29th, 2012
According to a recent real estate analysis carried out by Deloitte, Spanish households spend 39.4% of their income on mortgage payments, despite the fall in house prices in recent years. A fact that explains why the 'stock' of unsold new homes is not being absorbed at the speed desired by ...
Continue reading Mortgage Sucks 39% of Spanish Family Income
May 29th, 2012
Economic Effort to Buy Property Still High for Spanish Families Homes Sales up 21.9% Over Last Quarter of 2011 Top Spanish Properties This Week on Kyero Number of Mortgages Down 42% Year-on-Year 2012 Will Be Last of Crisis for Spain, Says Garcia-Legaz Government Has No Plans to Increase VAT in Tourism Sector In this week’s property ...
Continue reading Property Pulse Issue 379 – 29th May, 2012
May 28th, 2012
According to statistics from the College of Property Registrars released on Friday, home sales fell by 26% in the first three months of the year, over the same period last year, but increased by 21.9% over the last quarter of 2011. The number of transactions recorded in the first quarter is ...
Continue reading Homes Sales up 21.9% Over Last Quarter of 2011
May 26th, 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 €29,995 Torrevieja, Alicante 2 ...
Continue reading Top Spanish Properties This Week on Kyero
May 25th, 2012
According to figures released yesterday by the National Statistics Institute, the number of mortgages granted on homes in March this year totalled 24,918, marking one of the lowest figures in the series, with a drop of 42% over the same month of 2011. Including the year-on-year decline in March, mortgaged homes ...
Continue reading Number of Mortgages Down 42% Year-on-Year
May 24th, 2012
The Spanish Secretary of State for Trade, Jaime García-Legaz, said yesterday that there is "light at the end of the tunnel" and that 2012 will be "the last year of crisis" in Spain. He also said that if the Government raises VAT then, at the same time, it will lower ...
Continue reading 2012 Will Be “Last of Crisis” for Spain, Says García-Legaz
May 23rd, 2012
At a luncheon organized by KPMG and Europa Press, the Spanish Minister of Industry, Energy and Tourism, José Manuel Soria, said that "there is no provision" on the table of the Government for a VAT increase for the tourism sector next year. Soria explained that if a tax increase were to ...
Continue reading Government Has No Plans to Increase VAT in Tourism Sector
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
