Spanish Economy forecast to grow

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Spain’s economic growth is set to pick up as domestic demand benefits from an improving labour market, easier financing conditions, greater confidence and lower oil prices. Net exports, by contrast, are expected to dampen growth, although this effect will gradually diminish this year and next, as Spain’s competitiveness improves. At the same time, the government deficit should continue to narrow. More..

Kick-starting southern Europe

“MONEY is pouring in from everywhere,” said Emilio Botín, chairman of Santander, Spain’s largest bank, late in 2013. Others in southern Europe might say the same as they stumble over representatives of foreign-investment firms legging it round office blocks and down-at-heel plants looking for the deal of the century. More..

Spain is recovering according to IMF

Spain has turned the corner. The recovery started in the second half of 2013 and gained strength in the first quarter of this year, with the economy growing at the fastest pace since 2008. Led by robust exports and a sharp improvement in financial market conditions, confidence has recovered and is feeding into rising private consumption and business investment. Critically, labor market trends are improving. We expect the recovery to continue over the medium term. More..

10 Tips To Help Sell Your Spanish Property In A Crisis

I have just found these ten tips on how to help sell your property, written by Nick Snelling, the author of “How to sell your Spanish property in a Crisis”. I have included links below.

1. Treat the selling of your Spanish property with the same seriousness and commitment that you would a job of work
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Costa del Despair? Really?

It looks like the media, in this case the mail are trying to label the Costa del Sol with a new nickname. Previously known as the Costa del Crime, followed by the Costa del Golf, now the Mail is trying for the Costa del Despair. Quite catchy but not as impressive at the Costa da Morte, Coast of death (official name) that is found in the north of Spain.

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Prices down 11.5% on the Costas

Properties along Spains Mediterreanan coast (Costa Brava, Costa Dorada, Costa del Azahar, Costa Blanca, Costa Cálida, Costa de Almeria, Costa de Granada, Costa del Sol and Costa de la Luz) are down 11.5% in March 2009 year-on-year. But before anyone complains to me about ‘doom & gloom’, I am actually quite pleased about this information!

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Cajas and repossessed property

It appears that many of the Spanish savings banks, approximately 23 of the 42 ‘cajas’ intend to cooperate in selling the property assets that have been repossessed. Unlike say Santander or BBVA many of these savings banks a regional in nature so combining their assets in this way allows them to benefits from economies of scale, one of the many benefits of co-operatives.

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Financial services in Spain

In the current economic climate, which has seen a vast changes in interest rates, high unemployment and a very complex Inheritance Tax Law, I have decided to contact a financial services company. Siddals Spain has recently developed financial services specifically tailored to help people save time, money and combat the negative effect of the “credit crisis”.

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Costa del Sol economy

According to the economic analysts of Andalucía the current economic recession will continue to affect Andalucía until the 4th quarter of this year with the GDP of Andalucía shrinking by 1.3% in 2009. This is in contrast to 2008 when GDP increase by 1.1% in Andalucía.

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Costa del Sol town halls given a key role in fighting crisis

In an interesting more Prime Minister José Luis Rodríguez Zapatero is giving Spain’s town halls are to be given a key role in fighting Spain’s economic crisis.

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The real outlook for Spain

I’ve just been reviewing the BBC website and I found a great article. It starts with the statement “The unemployment rate in Spain hit a 12-year high in 2008 of 3 million, figures show, a further sign of the economic slowdown.”
So unemployment figures show that there are the same amount of unemployed now in Spain as there was in 1996. But what does this mean?

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