recession
November 21st, 2006
BRITONS thinking of buying a place in the Sun should think twice: La Caixa, the Spanish savings bank, says that Spain’s decade-long housing boom has peaked and is on its way down. Money is still flooding into Spain’s febrile construction sector, but “everything appears to indicate that the long expansive ...
Continue reading Building Industry Slowdown Sparks Fear
April 5th, 2007
Foreign investment in property in the Balearic Islands has fallen by 25 percent due to high prices, a report claims. Once the favoured destination of Britons and Germans hunting that place in the Spanish sun, now the islands have fallen out of favour, claims a report published on Wednesday in the ...
Continue reading Expats Shy Away From Balearics
July 20th, 2007
This report aims to provide a snapshot of the current state of the Spanish property market, from an independent, and non-sales perspective. To this end it reviews the Spanish government’s latest figures on the performance of the Spanish real estate market, and contrasts these with observations and anecdotal evidence from ...
Continue reading Spanish Property Market Q1 2007
August 20th, 2007
All the statistics available paint a picture of a soft landing in progress, in which Spanish property price rises are converging slowly on the general inflation rate. However, anecdotal evidence from property professionals suggests that the market is much weaker than the figures suggest, at least in some areas, and ...
Continue reading Spanish property market Q2 2007
March 10th, 2008
It's an uneasy time for savers and investors. Stock-markets have been unsettled by the sub-prime crisis, US recession fears and their effect on the global economy. Inflation in the Eurozone has hit a 14-year high. UK interest rates (where many expatriates keep their savings) are falling. Euro ...
Continue reading Protecting Your Savings and Wealth
April 10th, 2008
The Spanish prime minister, José Luis Rodríguez Zapatero, yesterday outlined how his re-elected Socialist government will save Spain from economic crisis. In a speech to the Spanish parliament as he begins his second term, Zapatero announced an ambitious public works programme, which will pour millions of euros into building 150,000 ...
Continue reading Public Works Save Spanish Economy
June 6th, 2008
Despite growing concerns in the UK housing market, the ongoing credit crunch and the perceived pending recession, investors should be careful not to associate the UK and America’s shortcomings with that of the rest of the world. Mark Bingham Managing Director of Owner Invest said, “Spain in particular, has been ...
Continue reading Silver Lining for Spanish Property Market
June 16th, 2008
Although the economy is slowing down in Spain the high-end of the housing market remains unaffected. With the economy slowing, unemployment rising and house prices falling, many people are currently put off buying real estate in Spain. But according to the website Expatica.com, while house sales have plunged in the middle and ...
Continue reading Top End of Market Buoyant in Spain
July 21st, 2008
Spain's finance minister Pedro Solbes has stunned the markets with an admission that his country faces the worst economic crisis in its history as the full effects of the property crash spread through the economy. "This crisis is the most complex we have ever lived through given the plethora of factors ...
Continue reading Spain Stops Reassurances as Crisis Deepens
July 29th, 2008
Two aspects of the eurozone economy are often mixed up. One is its overall performance. The other is the divergences that at any time exist within the single currency area. The Spanish economy may be about to fall off a cliff. But Spain accounts for only 11.8 per cent of the eurozone's gross ...
Continue reading Eurogroup Must Shed Complacency
