The Latest Spanish Property News from Kyero.com

The Savings Bank Foundation, FUNCAS, warns that economic recovery will be mediocre and employment will not be created until 2011.

The UK economy shrank in the third quarter of 2009, seriously disappointing investors. Purchasing managers say Euroland is back to growth in all sectors.

Property prices in Spain have touched bottom but will remain stalled during the next two years, a partner for property advisor Knight Frank said on Friday.

I am constantly frustrated by Spanish bureaucracy and how it negatively affects Spain's ability to compete in business internationally.

Investors buying holiday homes to rent out in Spain will not be affected tax wise by the Spanish government’s plans to abolish mortgage tax relief from the beginning of 2011 as it will only affects primary residences.

Spanish unemployment was unchanged at a better-than-expected 17.9 percent in the third quarter, but analysts said a fall in the number of people looking for work disguised continuing job destruction.

Having lived in Spain for over five years now I am one of the first to acknowledge what is wrong with the country and the difficulties people can experience living here or buying a property here.

An unusually good week for sterling. The coming week will be even more critical, bringing data for government borrowing, retail sales and third quarter GDP.

Spain’s housing market is broken and urgently needs fixing, argue a group of top-flight economists from Fedea, one of Spain’s leading economic policy think tanks.

In Spain and the UK, there seems to be general disagreement about the state of their respective housing markets.

Spanish house prices are starting to stabilise and now is the time to buy, says the Ministry of Housing. The IMF forecasts even bigger falls to come.

Fitch Ratings says in a report published today that the Spanish banking system has weathered the global financial crisis successfully to date with no need for capital support from the state.

Home sales in Spain, not including social housing, fell 9.9% in August compared to the same time last year, according to the latest figures from the National Institute of Statistics (INE).

A while ago, I predicted that there would be a Spanish property feeding frenzy as the UK economy recovered ahead of the Spanish economy.

The number of houses sold in Spain fell 8.2 percent in August from a month earlier, the first decline after rising for three months in a row on a monthly basis, official data showed on Tuesday.

If there's one thing you do this week, please make time to read the AIPP Guide to Buying Overseas Property Safely.

The institution, which released the first part of its report on global financial stability, also stressed that Spain has practiced a system of "dynamic" provisions that has enabled banks to build up "large stocks"

House prices were overvalued by as much as 37% in 2007, at the height of the real estate boom, argues a new report from Jiménez de Laiglesia, a real estate consultancy based in Valencia.

Spain does not see any need to buy assets from banks in 2010, Economy Minister Elena Salgado said on Tuesday.

Spain's current account deficit fell to 2.064 billion euros in July from 7.752 billion euros a year earlier as imports tumbled, according to the latest Bank of Spain data.

The International Monetary Fund warned Spain faces trouble ahead because of high fiscal deficits, low competitiveness and rising unemployment as its recession drags on into 2010.

The Association of International Property Professionals (AIPP) has released the 4th edition of its annual guide, Buying Overseas Property Safely – The Consumer Guide from the Industry Body.

In Spanish Economy Showing Signs of Recovery, the Bank of Spain attempts to make soothing noises about various negative indicators slowing down. However, those indicators are still worsening and Edward Hugh concludes by calling for Spanish president Zapatero to be replaced by someone with a more pragmatic and commercial approach.

Maria Jose Lozano, a civil servant from Madrid, left a recent property fair empty-handed after discovering that home prices were still out of reach in a market where sales have dropped 50 percent from their 2006 peak.

Spanish economy activity is contracting at a slower pace in the second quarter of this year than the previous quarter. Spain's recession-hit economy is showing signs of steadying, but recent improvements in consumer spending have faltered, said the Bank of Spain.

Spanish house prices fell at a record rate on the year in the second quarter and economists said prices are unlikely to have hit bottom due to massive stocks and expectations of a prolonged recession.

Spanish property prices fell by 7.7% over 12 months to the end of the second quarter, according to the latest Spanish property price index published by Spain’s National Institute of Statistics (INE). If true, it suggests that property prices might be starting to bottom out.

There has been a substantial increase in landlords in Spain experiencing problems with bad tenants and the eviction process due to ‘pirate tourism’ according to Paragon Advance España.

Spanish Prime Minister Jose Luis Rodriguez Zapatero on Monday accused business leaders of selfishly arguing for easier rules on firing workers in a sign of a growing breach between the Socialist government and companies.

Is any property below €50,000 a cheap Spanish property? Are cheap Spanish properties only to be found at auction or as bank repossessions? How much below market value does a Spanish property need to be to be considered cheap?