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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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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Spanish property market in 2008

I have just reviewing a range of official statistics (Registro de Propiedades, INE, etc..) have compiled a brief analysis on how the Spanish property market fared in 2008. As can be imagined sales are down (surprised?), but not all appears to be doom and gloom.

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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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Spain help Jobless with mortgage Payments

According a recent article, in an attempt to soften the impact of a slowing economy, Prime Minister Jose Luis Zapatero is implementing a series of measures including allowing unemployed workers to put off paying half their monthly mortgage payments for two years.

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Pain in Spain

According to the Central Bank of Spain, the Spanish economy has shrunk by 0.2% in the third quarter compared to the previous 3 months. This is the first such drop in economic output in 15 years when in 1993 the economy shrunk by 0.3% relative to the previous quarter.

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