The Latest Spanish Property News from Kyero.com

Britons piled into Spanish property and got burnt. The Germans bided their time. Now they’re starting to come back, should we follow?

The number of Brits buying euros for property purchases has increased in the last few days after sterling reached a rate of €1.15 for the first time since August 2008.

According to data released today by the National Statistics Institute (INE), the number of home mortgages issued during November 2009 was 52,043, representing a growth of 1.8 percent over the same month in 2008 and the first recorded rise since April 2007.

UK inflation lively but public sector borrowing and retail sales disappoint. Euro coasts, uninspired and unhindered by the data.

New build property prices are going to carry on falling this year, at least as much as last year’s 6% decline, say the top management of Sociedad de Tasación, one of Spain’s leading appraisal companies.

Euro lobby groups are making the most of Spain's new prominence on the world stage. They're making sure that Mr. Zapatero is painfully aware of Spain's continued property-related human rights violations.

Euro-MPs have demanded the immediate repeal of notorious Spanish land laws that continue to wreck the holiday-home dreams of Britons in the Valencia region.

Spanish house prices are still 55% above their fair value despite Spain’s property market crash, claimed a recent article in The Economist magazine that caused a stir in the Spanish press.

Margarite Auken, Danish MEP for the Green party, demanded an official report from Madrid on how it will protected property rights for people who have purchased illegal homes.

Risk measurement agency Moody’s said Spanish recession will continue until the second quarter of 2010.

MPC member sets the ball rolling with talk of higher UK interest rates. Greece's fiscal problems worry the euro.

Another demolition order has been served in Albox - meaning that nine families have now been notified that their properties must be demolished as illegal.

The A Place in the Sun Live show will be on in London at Earl's Court from 26th to 28th March. Aside from an impressive list of attractions, there are two extra reasons to put the dates in your diary.

José Zapatero is pursuing an ambitious economic agenda, despite being by far the weakest EU president ever.

Spanish banks and cajas (savings banks) may have to deal with a tidal wave of repossessions this year, with big implications for the property market, according to a recent article in the Spanish daily Publico.

Accelerating decline in Spanish private sector services activity in December raised fears of renewed recession on the Iberian peninsula, a well-watched survey said on Wednesday.

Two more regional Spanish savings banks, Caja Duero and Caja Espana, agreed to merge on Monday, Spanish news reports said, as the pace of consolidation in the sector gathers pace amid the country's recession.

The likelihood of a defeat for Labour is positive for the pound. Euro zone economic data are uninspiring but not harmful to the euro.

Travel search site Skyscanner reveals the top 50 most searched for destinations from UK airports for travel in 2010.

Last week I mentioned that 2010 had started briskly for Kyero.com. Comparing the first week of 2010 with that of 2009, we've seen substantial increases across all metrics.

2010 is going to be the most exciting one real estate investors have seen in a decade. I’ve got my eye on diverse opportunities around the globe, each of which represents an excellent value play.

The Bank of Spain has found indicators of improved activity in the fourth quarter. They believe that consumption indicators eased their retreat in October and highlights that car registrations stepped up their advance in November.

Never before has Europe’s monetary union seemed so fragile as some in Europe fear that Greece or another weak country might default on its sovereign debt obligations, threatening monetary union.

Like everyone else in Spain, I have just received, from a UK relative, a cutting from the Daily Telegraph entitled: ‘Expats threaten a villa “siege” as Spanish serve demolition orders’. This headline is enough to send shivers of fear down any Spanish property owner’s back.

Spanish resort group Polaris World is in talks with lenders to avoid filing for bankruptcy protection. Fifteen of Polaris World’s subsidiaries – around half the group – are thought to be insolvent, including four resorts, two hotels and a number of construction, sales and service companies.

Something’s wrong with the Spanish property market, writes S. McCoy in a recent article at Cotizalia.com, a financial news website. His analysis points towards a big and desirable fall in house prices – up to 50% by 2011 says McCoy.

Anyone interested in property in Andalucía, or Spain for that matter, should read this annual report on the market by Barbara Wood of The Property Finders, a buyer’s agent. It turns out the quality end of the market is alive and well and delivering great opportunities for buyers.

Spain's government will present an austerity plan by the end of January to help cut the public deficit to 3 percent of gross domestic product by 2013, Prime Minister Jose Luis Rodriguez Zapatero said on Wednesday.

Generally speaking, Spanish property prices have fallen by less than you would expect given Spain’s economic crisis, high unemployment, and monumental housing glut (especially holiday homes on the coast).

Any hint that Spain’s horror stories would fade into the past were ruined last week, when three British expats in Almeria were served with demolition orders for their homes. In total, eight homes in the town of Albox may be facing the wrecking ball, according to media reports.

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?