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October 2nd, 2009
In this post, taken from Spanish property portal Kyero's first news article from September 7th 2004, we gain a valuable piece of information for any would be property buyer in Spain ... looking back though, many unfortunately fell into this exact trap. "Almeria select advise that there have been some major ...
Continue reading Hindsight is a great thing
October 6th, 2009
The market was certainly bouyant in 2004, proving to be a goldmine for investors and home buyers. I persoanlly arrived in Spain in September 2003, when a 3 bedroom front line apartment could be bought for less than 100,000 euros ... with prices rising so fast we didn't jump in and ...
Continue reading Spanish house price rises highest in Europe
November 12th, 2009
Earlier I spoke about the need to register with your local town hall to ensure you and they receive the benefits and services that are entitled. Part of this advice was due to the belief that simply having a residency card was sufficient, today I'd like to run through the ...
Continue reading Buying a house in Spain? Where’s your NIE?
November 30th, 2009
While not specifically Spanish related, many feel that this story is reflected worldwide and that banks are just looking to protect themselves and their shareholders and not helping normal mortgage payers as promised, even after seeking huge financial injections from world governments. The story stems from new evidence to suggest that ...
Continue reading Banks Relucatant to Refinance Mortgages with Public Money
November 30th, 2009
In more mortgage related news, the Euribor has closed the month of November with its ninth straight record low at 1.23%, meaning an average saving of 240 euros per month or 2880 per year compared to one year ago, this data is based on an average mortgage of € 150,000 ...
Continue reading 240 Euro per Month Saving on an Average Spanish Mortgage
December 1st, 2009
One of Spain’s leading banks, Caixa Catalunya, has said that its stock of housing, taken on due to the recent financial circumstances, has almost completely been absorbed in some regions. The bank states that "we are very near the end, if not already finished". This has led to an increase ...
Continue reading Recovery in Some Areas of the Spanish Property Market
December 9th, 2009
In an interesting report, the British bank HSBC has stated that the adjustment of the housing market in Spain will continue in coming quarters even though there have been signs that the "free fall" of the property sector is nearing the end. The report compares the current status of the housing ...
Continue reading How Valid is One Bank’s Opinion on the Property Market in Spain?
December 21st, 2009
The national court judge Baltasar Garzon has set a bail of 500,000 euros for the former mayor of Santa Coloma de Gramenet (Barcelona), Bartomeu Munoz, accused in the urban corruption scandal known as "operation Pretoria". According to his lawyer however, the former mayor has no ability to pay this amount ...
Continue reading Corruption Scandal Mayor Released on Bail
December 22nd, 2009
The government aims to banish the current rules which state that workers are exempt from the obligation to contribute to Social Security if the duration of their work is less than 72 hours per month. With the new rules, employers and employees are required to declare "from the first hour ...
Continue reading Part time workers to pay Social Security
December 22nd, 2009
After a judge set bail of half a million euros yesterday for the former mayor of Santa Coloma de Gramenet, friends and relatives of Bartomeu Munoz have raised more than half the required amount, 270,000 euros. Munoz is one of the main accused in the corruption scandal known as 'Pretoria'. The ...
Continue reading €270,000 Contributed to Help Former Mayor Pay Bail
