euro zone
August 7th, 2006
PARIS (AFX) - Spain is becoming increasingly vulnerable to a correction in house prices, which have risen sharply in recent years, the OECD said in a report on the Spanish economy. ‘It is becoming increasingly uncertain whether this upswing in house prices can be sustained for much longer,’ the OECD said. An ...
Continue reading Spain still vulnerable to adjustment in House Prices
September 22nd, 2006
While buy-to-let investment in the UK is finally dwindling after ten years of success, wise investors are continuing to look overseas for the next pot of gold. Buying abroad is easier than ever for Brits, with the strong pound and soaring UK house prices making it increasingly affordable. Many buyers ...
Continue reading Big Bucks in Buy-to-Let?
November 20th, 2006
Buying property in Spain can still be daunting but the process can be made easier if advisers learn about the country and the systems in place. Spain remains the most popular destination for British people buying property overseas and British expatriates are now an important part of the Spanish property market, ...
Continue reading Quiero a Aprender
December 1st, 2006
From Ecuadorean nannies to Romanian builders, millions of immigrants to Spain are buying their first homes and buoying the country’s cooling house market. Spain’s immigrants have quadrupled to over four million since 2000, helping the country’s population grow as much in the last five years as in the previous 30. ...
Continue reading Immigrants Help Buoy Spanish Market
February 2nd, 2007
House prices in Spain are 30 percent overvalued, according to report released on Tuesday by the Organistion for Economic Cooperation and Development (OECD). Spain is becoming increasingly vulnerable to a sharp fall in house prices, the OECD said in a report on the Spanish economy. It added: “It is becoming increasingly uncertain ...
Continue reading House Prices Overvalued, says Report
May 10th, 2007
Imagine what would happen if a prosperous Western nation threw open its borders, allowing immigrants to flood in virtually unchecked. Soaring unemployment, overstretched social services, rising crime, even rioting in the streets? Not in Spain. Over the past decade, the traditionally homogeneous country has become a sort of open-door laboratory ...
Continue reading How Spain Thrives on Immigration
July 12th, 2007
For a decade, Spaniards have built an economic boom on cheap credit and a housing and construction bonanza. With their economy outpacing euro zone average growth, year after year, it was easy to ignore roaring inflation and uncompetitive industries. But with the property sector cooling and economists forecasting a steep ...
Continue reading Spanish Property Sector Cooling Down
April 1st, 2008
Brits thinking about buying property abroad are wondering why the Pound has fallen so far against the Euro. Currency specialists, Moneycorp, say many factors are involved but at least two of them involve house prices in the UK and US. Northern Rock came to grief in September when it could ...
Continue reading What's Wrong With Sterling?
June 12th, 2008
Rocketing fuel and food costs pushed Spanish year-on-year inflation to a 13-year high of 4.6 percent in May, compounding a severe economic slowdown and raising expectations of higher than forecast euro zone inflation. Spanish consumer price inflation rose from 4.2 percent in April and analysts expected it to soar as high ...
Continue reading Spanish Inflation Fears
June 27th, 2008
Spanish house sales fell 7.1 percent year-on-year in April to 55,802 units after a 39 percent fall in March, the National Statistics Institute (INE) reported on Thursday. Government data also showed a 13.8 percent year-on-year fall in April house mortgage lending to 12.24 billion euros ($19.2 billion), following a 42 percent ...
Continue reading Spain house sales fall 7.1 pct in April
