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 [...]
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 [...]
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 [...]
Spain’s controversial austerity measures squeezed through parliament by a single vote today, illustrating just how unpopular Zapatero’s budget cuts are within the cabinet.
Just 169 members of the lower chamber voted in favour of the cuts, with 168 voting against as Zapatero’s back-benchers voiced their displeasure at the 5 percent pay cuts coming their way, not [...]
The president of Spain’s leading appraisal company – Sociedad de Tasacion – has stated that the Spanish property market will only pull itself out of trouble once people start believing in it once more.
Speaking last weekend at a property forum launch, Juan Fernandez-Aceytuno said: “What the sector really needs is to regain trust and credibility.” [...]
And so the shockwaves continue. Last weekend saw the bank of Spain step in with a rescue fund of 550 million euros after a proposed merger between Unicaja and Cajasur broke down, forcing the latter to rely on government assistance in order to finance its restructuring.
Cajasur, a Cordoba-based bank, has been granted permission to draw [...]
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CarolynEditor of HOT Properties - always with an ear to the ground |
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