One in every ten mortgages in Spain has negative equity, in other words, the property is now worth less than the money borrowed. These figure were provided by the Centre of Economics and Business Research (CEBR) in London.
Tag Archive for spain
Spaniards Don’t Trust Their Politicians
by Martin Myall •
Spaniards were asked to give marks from zero to ten on various state institutions. The results were not flattering. The findings were also contrasted with a poll containing the same questions for 2009/10.
60 Million Visitors
by Hugh MacArthur •
The 2013 tourist figures closed showing a new record in the amount of foreign tourists who visit Spain; 60.6 million. This figure is the highest number ever recorded.
Elderly Man Beats Victim to Death with Walking Stick
by Martin Myall •
A 78-year-old man allegedly brained his 93-year-old room mate with his walking stick – they didn’t get on, it seems. The incident occurred on the 15th in a private home for the elderly in Buenaventura, Toledo.
Boulevards and Barricades
by Martin Myall •
People have to be very annoyed with a town-hall decision for them to riot, which is what has happened in Burgos in northern Spain..
You’re Going to Love This!
by Martin Myall •
Want to know why Electricity is so expensive in Spain?
Dissension Amongst the Ranks
by Martin Myall •
It seems that even leading figures in the governing party are having cold feet over the proposed abortion law. Regional ‘barons’ have been highly critical of the bill in public.
The Minister Who Won’t Resign
by Martin Myall •
The Interior Minister, Jorge Fernández Díaz, has accepted the resignation of his Director of Communications, Albert Gimeno. Sr. Fernández, however, did not offer his own resignation.
Spanish Golden Visa for Investors
by Maria Teresa Velasco •
Last September the Spanish parliament approved Law 14/2013 of the 27 September also called “law for the support to entrepreneurs and their internationalization”. The law came into effect on the 29th September and its main objectives are to make life easier for self-employed people and to make access to credit easier for small medium enterprises.
Hotel Explosion
by Vivienne Hughes •
Five people were injured, three of whom were British tourists, at a hotel in Adeje, Tenerife (Canary Islands).