Archives for June 2012
June 29th, 2012
According to consumer price index (CPI) flash estimates released yesterday by the National Statistics Institute, annual inflation stood at 1.9% in June, which is the same rate recorded in May of this year. These figures have been influenced especially by the drop in price of fuels and lubricants, which were ...
Continue reading Annual Inflation Remains at 1.9% in June
June 28th, 2012
The Heads of State and Government of the eurozone will discuss this Thursday and Friday, at the European Summit in Brussels, moving towards greater banking and fiscal integration in the monetary union, which will mean a loss of sovereignty of member states and greater budgetary control by the EU institutions. The ...
Continue reading EU Proposes Limiting Defaulting Countries’ Issuance of Debt
June 27th, 2012
Speaking at the closure of the General Assembly of the Spanish Federation of Business Organisations (CEOE), the Spanish Prime Minister, Mariano Rajoy, said that "maintaining budgetary stability and reforming our economies is an essential requirement for recovering confidence in the euro." He also said that the Government has an unshakeable ...
Continue reading European Council Must Address “Critical Situation in Europe”, Says Rajoy
June 26th, 2012
Spain Formally Requests Bank Rescue Top Spanish Properties This Week on Kyero International Tourists in Spain on the Increase Rajoy Stands Firm on Commitment to Fight Economic Crisis Property Tax Relief Under Threat? Mortgage Lending Falls by 7% in April In this week's news, the predicted request for EU financial assistance was officially made by the ...
Continue reading Property Pulse Issue 383 – 26th June, 2012
June 26th, 2012
On behalf of the Government, Spain’s Minister of Economy and Competitiveness, Luis de Guindos, yesterday sent the president of the Eurogroup, Jean-Claude Juncker, a letter requesting financial assistance for the recapitalisation of financial institutions that require it. The letter begins "I have the honour to address you on behalf of ...
Continue reading Spain Formally Requests Bank Rescue
June 25th, 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 €139,500 L'Ampolla, Tarragona 3 ...
Continue reading Top Spanish Properties This Week on Kyero
June 25th, 2012
According to Frontur’s latest Survey of Tourist Movements released by the Ministry of Industry, Energy and Tourism, in the first five months of the year Spain received a total of 19.1 million international tourists, representing a 2.4% increase over the same period of 2011. The Ministry, led by José Manuel Soria, ...
Continue reading International Tourists in Spain on the Increase
June 22nd, 2012
The President of the Spanish Government, Mariano Rajoy, announced at a press conference this week, following the G-20 summit, that "the Government will not back down in its firm commitment to fight the economic crisis." He insisted that the Government will continue to carry out the reforms needed by the ...
Continue reading Rajoy Stands Firm on Commitment to Fight Economic Crisis
June 21st, 2012
Spain’s tax credit for home purchases may be in danger. The EU finance ministers (Ecofin) have indicated their backing to Brussels’ and the International Monetary Fund’s petition to have this tax incentive removed, and this body may call on Spain, at a meeting to be held on Friday in Luxembourg, ...
Continue reading Property Tax Relief Under Threat?
June 20th, 2012
The total balance of mortgage loans from financial institutions in April stood at 966,514 million euros, representing a decrease of 7.05% year-on-year and the biggest drop in the recorded series. This is according to the latest data from the Spanish Mortgage Association, confirming the contraction suffered by this activity in Spain ...
Continue reading Mortgage Lending Falls by 7% in April
June 19th, 2012
During the first quarter of the year in Spain, the construction of 30,151 homes were completed, representing a decrease of 31.4% over the same period in 2011 (43,958), according to data from the Ministry of Public Works collated by Servimedia. Of the total finished projects, 98.2% (29,630) came from private developers ...
Continue reading Number of New Builds Down 31.4%
June 19th, 2012
Number of New Builds Down 31.4% Top Spanish Properties This Week on Kyero Price of Land Falls 16.4% in Q1 Demand for Spanish Holiday Apartments Up 24% in May Lagarde Stresses There is ‘Less Than Three Months’ to Save the Euro Spanish Banks Restructuring Under Scrutiny Decline in Spanish home values slows in May In this week's ...
Continue reading Property Pulse Issue 382 – 19th June, 2012
June 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 - as voted by you. Properties priced under €250,000 €19,000 Jumilla, Murcia 3 ...
Continue reading Top Spanish Properties This Week on Kyero
June 18th, 2012
The average price per square metre of land in Spain stood at 177.6 euros in the first quarter of 2012, representing a decrease of 16.4% over the same period of 2011. In the first quarter of 2012, 4.6 million square metres were sold, with a value of 582.9 million euros, which ...
Continue reading Price of Land Falls 16.4% in Q1
June 15th, 2012
The holiday accommodation rental company Homelidays registered an increase in their requests for holiday apartments in Spain of 24% during the month of May, compared to the same month of 2011. The main source of this increase was British tourism, which in May accounted for 63% more apartment bookings than in ...
Continue reading Demand for Spanish Holiday Apartments Up 24% in May
