recovery
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 1st, 2009
In further economic debate primarily related to the Spanish property industry, the adoption of a draft Sustainable Economy Act has been discussed. And perhaps the most repeated comment heard was "things are heading in the right direction", although most with the caveat of "it is not sufficient." The adjustment in ...
Continue reading Increase in Spain’s Rental Market to Solve Property Surplus
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 15th, 2009
Prices rose a half point in November and confirm the emergence of signs of recovery after eight consecutive months of decline that has placed Spain in a period of recession. This finding was confirmed by the National Statistics Institute (INE) and gives the cumulative inflation from January at 0.8% and ...
Continue reading Real Signs of Recovery from Recession in Spain
December 21st, 2009
Spain is, along with Denmark and Ireland, one of only three European countries that still have not registered any quarterly rise in housing prices since the start of the credit crunch, according to the world price index from property consultants Knight Frank. They have indicated that these three countries have ...
Continue reading Spanish Property Prices Down 8%
December 22nd, 2009
The production of vehicles in Spanish based plants rose to 218,128 units during the month of November, representing an increase of 34.5% over the same month in 2008, as reported by the Spanish Association of Automobile Manufacturers (ANFAC). In the first eleven months of the year, vehicle production in Spanish factories ...
Continue reading Signs of Recovery in Spanish Motor Industry
January 4th, 2010
Retail sales at larger outlets during the Christmas season are at levels "very similar or even somewhat higher" than those recorded last year, said CEO of the National Association of Large Distribution Companies (ANGED) Javier Millan-Astray today. In an
Continue reading Spanish Retail Sales Holding Strong
January 5th, 2010
The Spanish Prime Minister, José Luis Rodríguez Zapatero, has met in Madrid with the former head of the Government, Felipe González, the former European Commission president Jacques Delors, and former minister, Pedro Solbes, to discuss how the EU can overcome the
Continue reading Zapatero Seeks Advice From the 3 Wise Men
January 11th, 2010
The economic problems still being experienced in Spain, Ireland and Greece will not "derail the recovery of the eurozone, because the countries are too small", according to a report by Merrill Lynch. In fact, it is expected that these countries will benefit from the recovery of their main trading partners ...
Continue reading Spain to Benefit from Eurozone Recovery
