Archive for March 1st, 2011

Unió Mallorquina to be dissolved

Members of the party are setting up a new group after recent corruption scandals More: continued here

House prices will continue falling say majority of real estate executives

Hose prices will continue falling in 2011 according to a survey of real estate executives done by CB Richard Ellis for its annual report on the property sector. Professionals from the sector are as bearish, if not more so, than the general public. 3 out of 4 property company executives expect house prices to continue […]

Spanish mortgage rates up again

A summary of the Latest Euribor and Spanish mortgage news Euribor (12 months), the interest rate generally used to calculate mortgage repayments in Spain, rose to 1.714pc in February, from 1.55pc in January, a monthly change of +10.6pc. On an annualised basis, Euribor is 39.9pc higher than it was a year ago (see graph above), […]

Market still hasn’t bottomed say industry-insiders

Juan Lazcano, President of the National Construction Confederation, and Santiago Aguirre, President of Aguirre Newman, one of Spain’s best known real estate consultancies, both say the market has not yet bottomed. Aguirre, whose sister is Esperanza Aguirre, President of the Autonomous Region of Madrid, has warned that difficult years remain ahead and that few developer […]

Four ETA activists arrested with bomb making material on Monday night

The four are thought to have taken part in the killing of the National Policeman, Eduardo Antonio Puelles García. More: continued here

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