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| 09/03/2010 03:00 AM |
| Spanish Homeowners Face First Mortgage Rise in Two Years |
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Euribor (12 months), the interest rate normally used to calculate mortgage repayments in Spain, has now risen for 5 consecutive months to its highest level in more than a year. Euribor reached 1.421% in August, an increase of 3.5% on the previous month, and 6.5% higher than August last year. As a result, borrowers on [...]
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| 09/02/2010 03:00 AM |
| Spanish Bonds Attract Global Banks |
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International banks used a record amount of Spanish government bonds as collateral to borrow money in the markets last week, sparking hopes that credit problems in the troubled eurozone are easing. The use of Spanish government bonds shows that confidence in Madrid has risen in recent weeks as fears recede that the country’s sluggish economy [...]
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| 09/01/2010 03:00 AM |
| Expat Retirees Happy to Stay Abroad |
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Seven out of ten Britons who have retired abroad are happy with their new country and likely to stay there, a survey said yesterday. Fewer than one in five who have gone to live in France, Portugal or Spain are considering returning home, it found. The poll also found that nine out of ten of [...]
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| 08/31/2010 03:00 AM |
| Valencia – Spain’s Third Largest City |
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Valencia has the weather, food and culture. Here are 10 good reasons to visit Spain’s third largest, most exciting and wonderfully diverse city. Paella The famous Spanish dish originated in Valencia and locals insist their recipe is best. Good paella must be cooked to order, be alarmed if it arrives in under 20 minutes, and [...]
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| 08/31/2010 03:00 AM |
| Discounted Spanish Properties – Part 3 |
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Our programmers pulled out all the stops, and I’m delighted to announce that our new discounted property features are now live. When searching for property, check the box that says Discounted. You’ll find property results with a minimum discount of 10%. You can also sort them by the most heavily discounted ones first. All discounted [...]
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| 08/30/2010 03:00 AM |
| Spanish Economic Growth Up in Q2 |
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Spain’s economic growth accelerated in the second quarter as consumers stepped up spending before a sales tax increase in July. House-hold spending grew 2 percent from a year earlier after a 0.3 percent contraction in the first quarter, the National Statistics Institute said in Madrid today in its breakdown of gross domestic product data. Investment [...]
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| 08/27/2010 03:00 AM |
| Spain to Launch Alternative Trading Facility |
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A group of Spaniards from the finance sector on Tuesday announced plans to launch the country’s first alternative trading platform for securities, to compete against the near-monopoly of Bolsas y Mercados Españoles (BME). Called Pave – for Plataforma Alternativa de Valores Españoles – the project is still in its early stages, but those launching it [...]
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| 08/26/2010 03:00 AM |
| Staycations Over as Tourists Flock Back to the Costas |
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The British holiday maker’s flirtation with the ‘staycation’ appears to be over with holidays to Spain enjoying a late upsurge in popularity. Britons had been staying at home as the recession led to a rise in summer holiday belt-tightening. But it appears the wash-out summer we’ve experienced this year and the strengthening of the pound [...]
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| 08/25/2010 03:00 AM |
| Spain On the Slow Train – El Expreso |
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The most famous luxury train in Spain is El Transcantábrico. It has been chugging through the Cantabrian Mountains and following the Galician coast for more than 20 years. With itineraries of eight days and cabins with double beds, it costs nearly £2,500 a person. Now, if you fancy a similar experience but don’t have the [...]
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| 08/24/2010 04:00 AM |
| Spanish Property Bargains – Part 2 |
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Thanks to all of you who commented on my article last week about discounted properties in Spain. There were some great suggestions, and there certainly seems to be an interest in discounted properties in Spain. We’re currently investigating developing these new features: Search for discounted properties Discounted properties highlighted in search results Displaying the price [...]
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