Archives for February 2013

February 28th, 2013

The Prime Minister, Mariano Rajoy, announced on Tuesday that Spain closed 2012 with a deficit of 6.7% of GDP, while in structural terms the deficit has lowered by 3.5 percentage points. The figure is lower than expected by the European Commission on Friday, although it notes that Spain will not ...

Continue reading Rajoy Announces Spain’s 2012 Deficit at 6.7% of GDP

February 28th, 2013

The Spanish Economy Minister, Luis de Guindos, has reiterated the Government's intention to cut taxes in 2014, combining efforts to reduce the deficit with measures to boost growth and get Spain out of recession. In an interview with Reuters earlier this week, De Guindos said that the Stability and Growth program ...

Continue reading Government to Lower Taxes in 2014, Says Economy Minister

February 27th, 2013

The Spanish Government announced their approval last week of over 50 measures to support entrepreneurs and stimulate growth and the creation of employment. They have also modified legal fees and brought forward the entry into force of free legal aid for certain groups of people. Vice-President of the Spanish Government, Soraya ...

Continue reading Government Approves Measures to Aid Youth Employment

February 27th, 2013

According to data from the National Statistics Institute published yesterday, only 274,715 mortgage loans in total, were signed for home purchases during the past year, which is 32.7% fewer than in 2011. This represents the largest drop in mortgage transactions since the bursting of the housing 'bubble' and stands far ...

Continue reading Mortgage Transactions Fell 32.7% in 2012

February 26th, 2013

Carrying out the threat they made in November last year, Irish airline, Ryanair, has announced that, in direct response to the increases in airport charges implemented by Aena both in 2012 and 2013, they are to reduce the number of flights they operate in Spain by 12%. In a press ...

Continue reading Ryanair Cuts Spanish Routes in Protest at Increased Charges

February 26th, 2013

Spain Received 2.7 Million Foreign Tourists in January Top Spanish Long Term Rentals This Week on Kyero Foreign Social Security Contributors Down 2.76% in January Top Spanish Holiday Rentals This Week on Kyero Top Spanish Properties This Week on Kyero Sales of Homes Moderates Fall to 11.3% in 2012 Draghi Insists Eurozone will see Gradual Recovery ...

Continue reading Property Pulse Issue 417 – 26th February, 2013

February 26th, 2013

According to the latest tourist border movements survey data released on Friday from Frontur, Spain received 2.7 million foreign tourists in January, which is 2.6% less than a year ago. Italy was the source market that most contributed to this decline, with 68,000 fewer tourists visiting Spain, representing a drop ...

Continue reading Spain Received 2.7 Million Foreign Tourists in January

February 25th, 2013

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

February 25th, 2013

Motor fuel prices have marked four consecutive weeks of increases, reaching their highest prices so far this year, with petrol hitting 1.5 euros per litre and diesel at 1.4 euros for the first time since October last year, according to data collected from the European Union Oil Bulletin. Specifically, a litre ...

Continue reading Fuel Prices Highest Since October

February 25th, 2013

According to the latest figures from the Ministry of Employment and Social Security, the Spanish Social Security System lost 45,495 foreign contributors in January, representing a decrease of 2.76% compared to December, and putting the total number of immigrants employed at 1,600,355. Taking into account the drop in numbers in January, ...

Continue reading Foreign Social Security Contributors Down 2.76% in January

February 24th, 2013

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 €721 Benissa, Alicante 4 bed, 2 bath Villa from Marisolvillas Premium Villas €763 Calpe, Alicante 4 bed, 2 bath Villa from Marisolvillas Premium Villas €756 Calpe, Alicante 4 bed, 4 bath Villa from Marisolvillas ...

Continue reading Top Spanish Holiday Rentals This Week on Kyero

February 23rd, 2013

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 €17,900 Arona, Tenerife 2 ...

Continue reading Top Spanish Properties This Week on Kyero

February 22nd, 2013

Despite the economic recession in Spain, the results posted by the Spanish trade balance are positive for 2012 as a whole because of the increased competitiveness of Spanish exports, mainly thanks to falling unit labour costs, an increasing number of export companies and a focus on new markets. The value ...

Continue reading Spain’s Trade Deficit Fell by 33.6% in 2012

February 22nd, 2013

In 2012, despite the end of tax incentives for home purchases, 319,058 home sales transactions were carried out, 11.3% fewer than in 2011, and a more moderate decline than registered in the previous year, of 17.7%, and in 2008 and 2009, coinciding with the crisis in the sector. According to ...

Continue reading Sales of Homes Moderates Fall to 11.3% in 2012

February 21st, 2013

The data protection authorities of the EU-27 countries announced on Monday that it will impose sanctions on the U.S. technology company, Google, before summer, for refusing to adjust their privacy policy to comply with EU legislation. In October 2012, the EU-27 concluded that Google's privacy policy was in breach of EU ...

Continue reading EU Announces Sanctions Against Google