price index
March 18th, 2010
Spanish property price fell by an average of just 4.3% last year, according to the official house price index prepared by the National Institute of Statistics (INE). Everyone in the business knows that average prices fell much more than that, so why is the INE publishing figures that invite ridicule and ...
Continue reading It's Official: Spanish House Price Index is Ridiculous
March 10th, 2010
TINSA have released their report for February 2010 - you can download it here. There's pretty much the same story this month as last monthThe general trend of the TINSA house price index is still declining .. Although the rate of decline is still slowing down .. In this case, no news is ...
Continue reading TINSA: More of the Same
February 25th, 2010
Jump in UK inflation is a 'temporary deviation'. Greek prime minister likens his economy to the Titanic. Having set off from €1.15 the pound fluctuated between €1.14 and €1.1550 until the middle of the week. On Thursday it took a dive, which was extended on Friday. It opened in London this ...
Continue reading January Spending Gap Hurts Sterling
February 16th, 2010
Did you do calculus at school? How much of it do you remember now? I remember having particular difficulty understanding integration and differentiation. I also remember thinking "When am I ever going to need this in real life?". As it happens, an understanding of differentiation would have been ...
Continue reading Differentiating Spanish House Price Data
February 16th, 2010
The reason I like the TINSA index is that, even though their graphs are based on their own valuations, their index accurately describes the trend we all know to be true. You can download a copy here. On the plus side, TINSA's index continues to decline more slowly. On the negative side, TINSA's ...
Continue reading February TINSA Index Now Available
January 29th, 2010
Britons piled into Spanish property and got burnt. The Germans bided their time. Now they’re starting to come back, should we follow? We may fancy ourselves as a nation of hot shot property investors, but are we really any good at investing abroad? Not if our record in Spain is anything ...
Continue reading Learning from German Property Buyers in Spain
January 27th, 2010
UK inflation lively but public sector borrowing and retail sales disappoint. Euro coasts, uninspired and unhindered by the data. It was a reasonably good week for sterling but it could have been better. From €1.1350 it had added two cents by Wednesday but the following two days were less than helpful. ...
Continue reading Sterling Let Down By The Data
January 19th, 2010
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. First, we'll be offering free tickets to the show - ...
Continue reading Free Tickets to A Place in the Sun Live
January 13th, 2010
The likelihood of a defeat for Labour is positive for the pound. Euro zone economic data are uninspiring but not harmful to the euro. Monday's €1.1250 opening proved to be too rich for sterling's blood and it quickly began to retreat. It traded below €1.11 on Tuesday, rebounded to €1.12 on ...
Continue reading Politics Drives Sterling
January 5th, 2010
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. I totally agree ...
Continue reading 2010: A Lively Start for Spanish Property
November 26th, 2009
First signs of Bank of England optimism dented by public borrowing. ECB hints at an end to 'extraordinary' liquidity measures. For the first couple of days the market was comparatively enthusiastic about sterling. It climbed from €1.1150 €1.1300. It failed to get any further and on Wednesday set off downwards. It ...
Continue reading Moneycorp: Sterling Starts Well But Falters
November 18th, 2009
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. Spain's consumer price index fell 0.7 percent year on year in October in line with a Reuters poll and compared to a 1 percent slide ...
Continue reading Spain: Deflation Concerns Subsiding
November 12th, 2009
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. The TINSA Spanish Property Index was updated and published recently. TINSA calculates a number to represent the overall value of the properties which they have valued - ...
Continue reading TINSA House Price Index October 2009
November 11th, 2009
No interest rate change from Bank of England, FOMC or the ECB. Sterling shrugs off £25 billion of additional QE measures. UK data had less influence on currency levels during last week, with the main focus on how much the Bank of England (BoE) would expand its existing quantitative easing (QE) ...
Continue reading Moneycorp: Stalemate for Sterling
October 14th, 2009
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. Sales were down 9.9 percent in August from a year earlier, the 20th consecutive month ...
Continue reading Spanish Property Prices Decline but Levelling Out?
