Archives for November 2012
November 30th, 2012
Ryanair announced yesterday that they are to cease operating 13 routes from Madrid and 4 from Barcelona during the next summer season as a result of the Spanish Airports Group, Aena’s, increase in airport taxes. During a press conference on the airline’s future operations, Ryanair's Vice President, Michael Cawley, announced that ...Continue reading Ryanair Announces Cutbacks to Routes Due to Rising Taxes
November 30th, 2012
The number of permits authorised on new constructions for residential use in Spain stood at 35,310 units between January and September 2012, which represents a decrease of 43.3% compared with the same period last year, when 62,393 authorisations were registered. According to data released yesterday by the Ministry of Development, of ...Continue reading Building Permits for New Homes Fell by 43.3% to September
November 29th, 2012
In accordance with the recapitalisation plan backed by the Bank of Spain and the European Commission for next three years, Bankia will reduce its workforce by 6,000 people, representing 28% of the 20,126 employees of the entity, and also close 1,117 branches, 39% of their total. El Mundo reported that the ...Continue reading Bankia to Cut 6,000 Jobs and Close 1,117 Branches
November 29th, 2012
According to the latest figures provided by the tourism expenditure survey, Egatur, prepared by the Ministry of Industry, Energy and Tourism, in the first ten months of the year international tourists’ spending reached 49,866 million euros, which represented an improvement of 6.4% over the same period in 2011, with six ...Continue reading Foreign Tourists’ Spending up 6.4% to October
November 28th, 2012
In the second quarter of 2012, online shopping in Spain reached a total turnover of 2,640.8 million euros, which was 13.7% more than for the same period of 2011. According to the latest e-commerce report, published by public organisation La Comisión del Mercado de las Telecomunicaciones (CMT), this is a ...Continue reading E-commerce in Spain Sets New Record
November 28th, 2012
According to the latest forecasts from the Organisation for Economic Cooperation and Development (OECD), the Spanish economy will record a contraction of 1.3% in 2012 which will worsen next year to 1.4% as a result of the fiscal consolidation measures and the expected slowdown in the eurozone as a whole. ...Continue reading OECD Predicts Tougher Times Ahead for Spain
November 27th, 2012
The number of new mortgages contracted for house purchases in September fell 32.2% compared to the same month of 2011, reaching 21,195 transactions. This latest figure marks 29 consecutive months of declines and a sharpened pace of decline, which in August was 28.5%. However, according to the data published by the ...Continue reading New Mortgages Fell 32.2% in September
November 27th, 2012
Spanish SMEs Receive 1 Billion Euros Financing Top Spanish Holiday Rentals This Week on Kyero Pension Payments Rise 4.6% in November Top Spanish Long Term Rentals This Week on Kyero Top Spanish Properties This Week on Kyero Spain Received 52.1 Million Tourists to October Government to Grant Residency to Foreign Home Buyers Operating Rules for "Bad Bank" ...Continue reading Property Pulse Issue 405 – 27th November, 2012
November 27th, 2012
The European Investment Bank (EIB) has issued a loan for 500 million euros to the Official Credit Institute of Spain (ICO) aimed at financing investment projects undertaken by SMEs (small and medium-sized enterprises), mostly in the industrial and service sectors. This financing will be intended for use on investments and as ...Continue reading Spanish SMEs Receive 1 Billion Euros Financing
November 26th, 2012
This week, thousands of new properties were advertised on Kyero.com. Here's this week's top Spanish Holiday Rental properties - as voted by you. Properties for rent under €1,000 per week €250 Roquetas De Mar, Almeria 2 bed, 2 bath Apartment from almeria relocation €480 Javea, Alicante 2 bed, 2 bath Villa from Villalux €720 Javea, Alicante 4 bed, 2 bath Villa from Villalux €700 San Pedro ...Continue reading Top Spanish Holiday Rentals This Week on Kyero
November 26th, 2012
While participating in a banking conference in Frankfurt on Friday, the President of the European Central Bank (ECB), Mario Draghi, again defended the actions of his institution on the crisis, and stressed that when performing their work as European Banking Supervisor the board should have control over all banks in ...Continue reading European Banking Supervisor Should Monitor All Banks, Says Draghi
November 26th, 2012
Social Security allocated 7,499 million euros in November for pension payments, which is 4.6% more than the same month of 2011, according to data released on Friday by the Ministry of Employment and Social Security. Of this amount, more than 5,128 million euros corresponded to monthly pensions (+5.3% compared to November ...Continue reading Pension Payments Rise 4.6% in November
November 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 Long term rental properties - as voted by you. Properties to ...Continue reading Top Spanish Long Term Rentals This Week on Kyero
November 24th, 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 €162,500 Barcelona, Barcelona 1 ...Continue reading Top Spanish Properties This Week on Kyero
November 23rd, 2012
After his meeting with the President of Brazil, Dilma Rousseff, the Spanish Prime Minister, Mariano Rajoy, highlighted the excellent health of relations between the two countries. Rajoy spoke to Rousseff about Spain's interest in the economic development of her country and in the investment projects being undertaken by the Brazilian ...Continue reading Spain Strengthens Relations With Brazil