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Spanish news ,Andalusia,Ley de la costa,Marbella,Costa del Sollocal malaga news city malaga news malaga news archives malaga news headlines malaga club news malaga newspapers bomb malaga costa del sol malaga
Posted On Friday, February 27, 2009 | 0 comments |
Posted On Friday, February 27, 2009 | 0 comments |
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The pound's poor rate of exchange against the euro means that British holidaymakers are staying in the UK or are heading for newer destinations.
Posted On Wednesday, February 25, 2009 | 0 comments |
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Pensioners are more pragmatic as most do not have mortgages and their needs are less so they are prepared to weather the storm .Most have experienced some form of hardship in their lives before , this is nothing new.
Posted On Tuesday, February 24, 2009 | 0 comments |
Posted On Tuesday, February 24, 2009 | 0 comments |
Like buyout firms such as Baugur, which have also found themselves in trouble, Metrovacesa counted on rising values and cheap debt. The recession, however, has seen valuations go into reverse, while the credit crunch has dried up funds.
Posted On Monday, February 23, 2009 | 1 comments |
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Posted On Friday, February 20, 2009 | 0 comments |
memo leaked to Spanish media this week is purported to have instructed one particular police station in the Madrid area — not in Lavapies — to arrest 30 undocumented immigrants per week.Spain's sizable immigrant population already faces soaring unemployment in a souring economy and a government pushing jobless foreigners to go home. Now they complain they are also being harassed by police who are allegedly under pressure to fulfill arrest quotas.In Lavapies, one of Madrid's most multicultural neighborhoods, home to many North Africans, Latin Americans, Asians and people of other origins, immigrants say they are constantly asked for their papers to prove they are legal residents.
Posted On Friday, February 20, 2009 | 0 comments |
between 7% to 9% have refused the offer and prefer to continue with their legal proceedings.Santander’s retail clients were exposed to the Madoff alleged Ponzi scheme via the Optimal Strategy US Equity fund run by Santander’s hedge fund arm Optimal. Santander’s total exposure to Madoff’s funds amounts to €2.3 billion. Despite the negotiated solution to Santander's Madoff exposure, problems have been arising elsewhere for the Spanish bank as
unit-holders of the real estate fund Santander Banif Inmobiliario are also planning to file a lawsuit for the way it has handled requested redemptions, German newspaper Handelsblatt reports in its printed edition.
Posted On Tuesday, February 17, 2009 | 0 comments |
To register your pre-paid card mobile you are asked to go to a sales point of your phone operator, taking along a DNI or foreigners residency paper, while companies will have to show their fiscal identification card.
Posted On Tuesday, February 17, 2009 | 0 comments |
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The law is in fact not a new one, but is now 20 years old, but only recently has the current Minister for the Environment, Carmen Narbona, started to enforce it.
Posted On Tuesday, February 03, 2009 | 0 comments |
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One very interesting statistic was that the number of building licenses issued in the province of Malaga was more than 13000 less up to September of last year than the year before. The report not surprisingly states that the crisis in the building industry has been mainly due to the overpricing of housing in the region and the only way out of trouble is for prices to be adjusted downwards. The report suggest prices need to fall 17% nationally and 27% in Andalucía but according to Spanish property experts Spanish Hot Properties some Costa del Sol Property has already been reduced by up to 30% from last years price by developers keen to liquidate there stock and in some cases as much as 45%. According to the report such a price drop would stimulate the property market especially when you consider that the average Malaga family spend 56% of there salary on mortgage this is set against an Andalucian average of 45% and a national average of 40%. However house price falls alone won’t restore the confidence of the local property buyers market with the Andalucian unemployment rate likely to reach 23% in 2009 set against a national average of 17% but price readjustment would be a very good starting point.So how does the latest report and statistics impact on Spanish property sales in Costa del Sol and when is the right time to buy . Some time in 2009 is the right time to buy according to Susana Suspenda the Marketing and Operations manager for Spanish Hot Properties. “Costa del Sol tourism is holding up very well with Andalucian tourism down 2.3 % but Malaga actually having a 2.4% increase which indicates this is still the place where overseas property buyers want to buy and from our recent survey we can see people are very keen to snap up the bargains that are available and they obviously want to buy as close to the bottom of the market as possible. What the report clearly states is that 27% falls is what is needed for the market to readjust so if you can buy at 40% below value then your 13% ahead of the game so to speak.