Market news
Tax boost for Spanish property market
There could be a rare ray of sunshine in the Spanish property market, with news that the central Government plans to scrap inheritance tax. Spain has been hit worst than most European countries by the credit crunch - Herm Meijer, property analyst at bankers JP Morgan recently stated that the Spanish property market is ‘the [...]
6Oct2008 | shs | 0 comments | Continued
Spain, 2008 property market insight
Spain was the only one of the four biggest eurozone countries not to see a contraction in its economy in the second quarter of 2008. That though was nothing to do with its underlying strength, and everything to do with Prime Minister Jose Luis Rodriguez Zapatero raiding the budget surplus to pour €38bn into a [...]
27Sep2008 | shs | 0 comments | Continued
Spanish property oversupply, part 2
Last time out we saw how oversupply and illegal building had knocked a hole in the Spanish property market. Bad news if you’re a seller but every cloud has a silver lining as they say. Now a lot depends on movements in the world money markets, and particularly the retail money markets - in short, [...]
27Sep2008 | shs | 0 comments | Continued
Oversupply in the Spanish housing market, part 1
If you think the property market in the UK and US has its problems then you should see what Spanish property owners have to deal with. We know all about the credit crunch and the attendant difficulty in getting any kind of mortgage finance. And all our economies are subsiding gently in recession as 2008 [...]
26Sep2008 | shs | 0 comments | Continued