Archives for July 2012
July 31st, 2012
Record-Low Euribor Will Cut Mortgage Payments by up to 20% Spanish Unemployment Reaches Record Levels Top Spanish Properties This Week on Kyero Europe and its Institutions need to be more credible, says Montoro House Prices Continue to Fall in Second Quarter of 2012 Mortgage Foreclosures Down in 2011 This week's news featured some of the issues ...
Continue reading Property Pulse Issue 388 – 31st July, 2012
July 31st, 2012
In times of recession, social and wage cuts and rising unemployment, good news is scarce. But those citizens whose mortgages are due for review will at least reap the benefits of the descent of the Euribor. Falling interest rates and, according to analysts, the prospect that the European Central Bank ...
Continue reading Record-Low Euribor Will Cut Mortgage Payments by up to 20%
July 30th, 2012
Unemployment rose by 53,500 people in the second quarter of the year over the previous quarter, a 0.95% increase, and put the total number of unemployed in Spain at 5,693,100, an unprecedented figure for the Spanish economy. The unemployment rate climbed at the end of June to 24.63%, almost two-tenths of ...
Continue reading Spanish Unemployment Reaches Record Levels
July 28th, 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 €85,000 El Saucejo, ...
Continue reading Top Spanish Properties This Week on Kyero
July 27th, 2012
Spain’s Minister for the Treasury and Public Administration Services, Cristóbal Montoro, said that "we must improve the credibility of Europe and its institutions", and defended the need to step up the reform of certain European bodies in order for them to act. The minister added that the economic crisis "has ...
Continue reading Europe and its Institutions need to be more credible, says Montoro
July 26th, 2012
According to the latest report from property appraisers, Tinsa, house prices in Spain deepened their fall in the second quarter of the year, dropping by 11.5% compared to the same period in 2011. Increasing from a figure of 9.2% in the previous quarter. Most of the autonomous communities and provinces ...
Continue reading House Prices Continue to Fall in Second Quarter of 2012
July 25th, 2012
According to the Spanish Mortgage Association (AHE), 6.63% of unemployed workers have been affected by mortgage foreclosure proceedings since the beginning of the crisis up to the end of 2011. The number of affected unemployed more than doubles the total percentage of households involved in foreclosures in this period, which ...
Continue reading Mortgage Foreclosures Down in 2011
July 24th, 2012
According to data released yesterday by the National Statistics Institute, the number of mortgages contracted on residential property in May stood at 26,007, representing a fall of 30.5% over the previous year. Together with the annual decline in May, the number of mortgaged homes accumulated 25 months of consecutive declines, although ...
Continue reading Residential Mortgages Fell 30.5% Year-on-Year in May
July 24th, 2012
Residential Mortgages Fell 30.5% Year-on-Year in May Top Spanish Properties This Week on Kyero Spanish Investors Most Optimistic Over Future of Euro House Prices Return to 2004 Levels IMF Forecasts Two Years of Recession for Spain Free Tickets to A Place in the Sun Live 2012 Cajas Closures Will Leave 4.8 Million Spanish Without Local Branch House ...
Continue reading Property Pulse Issue 387 – 24th July, 2012
July 23rd, 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 €96,500 La Duquesa, ...
Continue reading Top Spanish Properties This Week on Kyero
July 23rd, 2012
According to a study published on by JP Morgan, large private Spanish investors are the most optimistic in all of Europe about the future of the European Union. The study, based on 325 surveys, revealed that 92% of the Spanish participants considered that the eurozone will manage to avoid any defaults ...
Continue reading Spanish Investors Most Optimistic Over Future of Euro
July 20th, 2012
According to data from the Ministry of Development, the average price of housing stood at 1,606.4 euros per square metre in the second quarter, with a drop of 2.6% over the previous quarter and falling by 8.3% over the same period of 2011. This house price data reflects an acceleration ...
Continue reading House Prices Return to 2004 Levels
July 19th, 2012
In its review of data global growth, the International Monetary Fund (IMF) reported that the Spanish economy fell back less than expected in 2012, but that it will not return to growth in 2013, and Spain’s GDP will contract by 0.6% in that year. The IMF has also revised global growth ...
Continue reading IMF Forecasts Two Years of Recession for Spain
July 18th, 2012
The next A Place in the Sun Live exhibition will be taking place at the NEC Birmingham on 28th to 30th September 2012 - a must visit for anyone interested in buying overseas property, with Spain being the most popular destination for it's visitors. As well as meeting the stars of the television show, there are informative sessions on everything from the ...
Continue reading Free Tickets to A Place in the Sun Live 2012
July 18th, 2012
The General Workers’ Union (UGT) has complained that the restructuring of the savings banks will leave 4.8 million people with no bank branch in their area. The union estimates that 2,656 villages, which at present only have savings banks, will be left without any bank branches, which would mean financial ...
Continue reading Cajas Closures Will Leave 4.8 Million Spanish Without Local Branch
