Spain’s troubled real estate sector is unlikely to recover until mid-2011 at the earliest, says the Bank of Spain.
Last decade’s economic miracle was partly fuelled by easy credit and a booming construction industry, yet the current economic gloom has been far more injurious to the country’s real estate sector than any other industry thanks to [...]
As ‘Bradford Divorcee’ Mandy Vickerman tottered around the estate agents of Puerto Banus in last night’s ‘Spain: Paradise Lost’ on ITV, looking both at home and hopelessly out of place (the garish sunglasses and bleach blond hair were rather fitting, but she still wore the dejected air of a, well, Bradford divorcee), a thought struck [...]
The Spanish government’s recent decree on labour reform is thought to be just a prelude to a far lengthier process of overhauls for the Spanish parliamentary and labour system.
The decree is due to be ratified by parliament on June 22 and even though there is a distinct lack of political backing for the reform, analysts [...]
A euro is now worth as little as eighty three pence sterling as the eurozone’s troubles continue to destabilise the currency, leading to a number of property observers to suggest that such exchange rates could kickstart a new surge in Brits buying property in Spain.
The current rate of the euro’s decline stands between 15 and 20 [...]
Non-Spaniards purchased just 513 coastal properties in the first three months of 2010, according to official figures released by Spain’s Ministry of Housing, which is a slight increase (6% to be exact) on the same period last year, when a mere 484 holiday homes were purchased by non-domiciled buyers.
This rate of sale, which is less [...]
Home sales in Spain are up by seven percent in the first quarter of 2010 when compared to the same period last year, according to official figures released by the country’s Property Registrar.
Transaction deeds inscribed in the official property registry were used as the bellweather for these figures and as such are immutable. The seven [...]
No, not me. Edward Hugh is a semi-retired English teacher who resides in a small village in Catalonia. His daily duties – aside from teaching English to a small clutch of youngsters keen to learn Ingles – are largely taken up by his blog, where he, as a self-taught economist, waxes lyrical on issues regarding [...]
The latest monthly housing report compiled by Spain’s National Institute of Statistics (INE) has been released and it shows that property asking prices throughout Spain for the month of May remained extremely stable, falling by a mere 0.1 percent on April’s figures.
As ever, there were regional variations. Property on the Balearic Islands saw a 0.6 [...]
High prices of Spanish property are likely to be brought down by new measures posed by the Bank of Spain that will force banks to recognise greater losses on their current debt-for-property swaps.
As bad debts sweep the Spanish banking sector, many banks have begun offering debt-for-property deals, allowing a number of banks to build sizeable [...]
Spain’s economic malaise was further condemned over the weekend when credit ratings agency Fitch becamse the second agency to downgrade Spain’s credit rating from the coveted AAA to AA+.
This single notch cut from Fitch came on the back of the approval of austerity measures being pushed through Spanish Parliament late last week as the country [...]
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