The Latest Spanish Property News from Kyero.com

Demonised by agents for keeping prices artificially high to avoid losses, or making it harder for agents to access distressed deals, many now feel that Spanish banks must become better estate agents if the market is to recover.

The market for new homes is on the road to a mild recovery, claims the G-14 group of Spain’s leading developers. Sales of newly built homes will continue “consolidating in the coming months” said Pedro Pérez, head of the G-14.

Mikel Echavarren, head of Irea, a Spanish real estate consultancy, talking about the state of the real estate sector in Spain.

First signs of Bank of England optimism dented by public borrowing. ECB hints at an end to 'extraordinary' liquidity measures.

Up to 90,000 Britons who have sold a holiday home in Spain in the past 12 years could be owed thousands of pounds by the Spanish tax authority.

The technical end to recession in Europe makes both Spain and the UK look a little sick, although it also represents an opportunity for Spanish growth. If the country also deals with the systematic corruption of its Town Halls - maybe there really are blue skies ahead?

Something is stirring in Mallorca's property market. The overall market still looks depressed, but look a bit closer and you find that the quality segment is coming back to life.

Once a star performer in Europe's 11-year old monetary union, Spain has become the wayward laggard. Growth data last week showed the Spanish economy - hit badly by a property market collapse and soaring unemployment - stuck firmly in recession in the third quarter, while the eurozone as a whole grew 0.4 per cent.

After 15 years, Spaniards are finally seeing the rampant corruption beneath all the uncontrollable property speculation.

Europe's deepest recession since World War II officially ended when the world's biggest single trading bloc joined Japan and the United States in returning to growth.

Poor trade figures and positive UK house prices have equally little effect on the pound. Euroland data positive but not positive enough.

Spanish prices dropped for the eighth straight month in October, official data confirmed, falling at the slowest rate since April amid base effects from energy prices.

A mixed bag of cheery items from this week's news - each affecting the Spanish property market.

Christmas will come early to the overseas property market when hugely discounted Spanish properties come under the gavel on Sunday 13th December 2009 at the A Place in the Sun Spanish Property Auction.

Spanish Economy Minister is satisfied the GDP is contracting at a slower pace and expects things to pick up in the next quarter.

Spain’s housing stock will fall 7% in value this year, to 4.19 trillion Euros, according to a new report from the Funcas savings banks foundation. They also say there is too much rubbish property for sale, which it will take years for the market to digest.

Many people have trouble making sense of and interpreting the TINSA numbers. Here's why I think some of them are more useful than others.

No interest rate change from Bank of England, FOMC or the ECB. Sterling shrugs off £25 billion of additional QE measures.

Once again, Edward Hugh has written compellingly about how Spain is under-performing compared to the rest of Europe.

The government of Andalucia, or Junta, announced yesterday a subsidy of 1 billion Euros to help liquidate the region’s property glut estimated at around 70,000 newly-built homes.

The developer behind the Trampolin Hills Golf Resort in the Spanish province of Murcia has been forced into bankruptcy proceedings unable to pays its debts, according to reports in the local press.

The latest figures for planning approvals show that for the residential construction sector there is still plenty of bad news out there. Bank of Spain to double provisions in move that may drive property prices down.

Sterling's resilience shines through. Have we all forgotten the previous week's appalling UK third quarter GDP performance?

A spectre is haunting Europe, but this time it is not the spectre of revolt by the popular masses, or even one of yet another wave of bank bailouts.

Making sense of Spanish property related articles in the news this week.

Spanish gross domestic product contracted again in the third quarter as the recession, sparked by the global financial crisis and the housing sector collapse, dragged on.

Spain's economy shrank further in the third quarter new data revealed Thursday, making it the only large European economy along with Britain to remain in recession as the US also returns to growth.

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?