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The IMF Forecasts Spain?s Deficit at 6.8% this Year
by diane
27 Jan 2012 at 8:00am
January 27th, 2012

According to the Institution?s updated ?Fiscal Monitor? report, the International Monetary Fund (IMF) has drastically worsened its deficit forecast for Spain in 2012 and 2013 to 6.8% and 6.3% respectively, figures which double the 3% deficit target the Spanish economy must achieve in the next year. The organisation, chaired by Christine Lagarde, revised its forecasts sharply upwards for the September issue of its report, namely by 1.7% for 2012 and 1.9% for 2013, representing the worst forecast for the Spanish economy for these two years of all the years analysed by the Fund.

Similarly, the Institution has updated its estimate of the deficit the Spanish economy recorded in 2011, raising it from 6.2% to 8%, which is consistent with that forecast by the PP Government emerging from the general elections on 20th November. The IMF believes that Spain is moving further away from the targets set for 2012, when it must reach 4.4%, and for 2013, the year in which the European Stability and Growth Pact indicated they should close at 3%.

In the same vein, the IMF has revised upward by 2.6% its forecast of debt in respect of the gross domestic product (GDP) for 2011, up to 70.1%, compared with the September report. However, this deterioration will be even greater in the next two years, since they have adjusted their estimates by 7.9% for 2012, up to 78.1%, and 11.2% for 2013, up to 84%.

Despite this upward revision of its projected deficit, the IMF notes that Spain, like many other advanced economies, has already approved new measures to achieve their deficit targets. They emphasised that the first package of measures adopted by the new Spanish government, which is equivalent to 1.1% of the GDP, includes spending cuts and temporary tax increases on income, capital and higher value housing, but also entails a limited increase in social and fiscal spending, such as tax deductions for housing.

Consolidation and Growth

In its report, according to Diario Sur, the IMF says that continuing with the adjustments is necessary for debt sustainability in the medium term, but argues that these should ideally be carried out at a rate that ?adequately? supports the growth of production and employment.

?Given the big adjustment already underway this year, Governments should avoid responding to any unexpected fall in growth by further adjusting its policies, and should instead allow the automatic stabilisers to operate as long as funding is available and allows doubts over the sustainability,? they suggested.

Reconsider the Pace

The Fund emphasised that the deficits in many of the advanced economies fell significantly in 2011, placing the average cut in deficit among the IMF?s member countries at 1%, while stressing that many countries also plan to carry out ?significant? adjustments this year. For this reason they believe that those economies with sufficient fiscal space, including some in the eurozone, should reconsider the pace of adjustments in the short term, while at the same time they called for the United States and Japan to clarify their strategies for reducing the deficit in the medium term.

The IMF also insisted on the necessity for adjustments to be supported by the availability of adequate funding outside of the markets, as must happen in the eurozone, where market confidence is slow in responding to the reforms. ?A major adjustment during a fall may exacerbate rather than ease tensions in the markets through its negative impact on growth,? they added.


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How the Debt Crisis Has Affected Spanish Business
by diane
26 Jan 2012 at 8:00am
January 26th, 2012

According to Social Security data, since 2008, the economic crisis has put 177,336 companies out of business in Spain, most of them small- and medium-sized enterprises, and especially in Murcia and Valencia, due to their dependence on the construction sector, while larger enterprises have demonstrated their ability to survive.

This data is referred to in an article included in the January issue of the Economic Report of the business school ESADE entitled ?How many companies have been taken by the crisis??

This is the difference between the number of companies registered in the Social Security in December 2007 and the number which appeared in October 2011, reported ABC News.

While companies with three to five employees decreased by 13.7%, and those with six to nine employees fell by 17.8%, companies with between 10 and 25 employees dropped by 21.3%, those with 26 to 49 workers by 23.5%, and those with between 50 to 249 employees by 14.9%.

The article, by Professor Anna Laborda, notes that large companies (with more than 500 employees) are those that have proven to be better prepared to withstand the crisis, according to the comparison of data from the Central Companies Directory (CCD).

Large companies have shown a greater capacity for survival: those with 5,000 or more workers have increased in number between 2007 and 2011, from 99 to 107.

Murcia and Valencia Most Affected

Analysis of the data reveals that the regions where the reduction in numbers of companies is greater, are Murcia and Valencia, mainly due to their reliance on the construction sector.

In addition, with declines of over 13% are the Canary Islands, Castilla-La Mancha and Andalusia, while Catalonia and the Balearic Islands were above the average, with reductions of 12.3% and 11.8% respectively.

The Community of Madrid recorded a loss of businesses of 8.9%, which could be explained, according to the author of the study, by the fact that Madrid has the highest concentration of large companies, which are those resisting the crisis better.

The remaining regions show losses below the national average, with a particularly good performance for the north: with the Basque Country, Navarra, Galicia and Asturias, all below 7%.


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Mortgages Fall Again in 19 Months of Declines
by diane
25 Jan 2012 at 8:00am
January 25th, 2012

The number of mortgages on homes fell 35.8% in November over the same month of 2010, reaching 28,113, one of the lowest figures of the series which started in 2003, the National Statistics Institute announced yesterday. With this year-on-year decline, mortgaged homes accumulated 19 months of declines. The drop, however, is less pronounced in November than in October, which exceeded 43%.

In the first eleven months of 2011, mortgaged homes fell by 32.3% over the same period in 2010. Month-on-month, mortgaged dwellings rose by 26.7% against the 28% decrease experienced in October.

Diario Sur reported that the average value of a mortgage on a home reached 109,662 euros in the eleventh month of last year, which is 4.5% lower than in the same month of 2010, while capital borrowed dropped 38.7% year-on-year, brushing 3,083 million euros.

In November, 45,491 mortgages were registered on rural and urban buildings (the latter includes housing), representing a 32.2% decline compared to the same month of 2010 and an increase of 16.1% month-on-month.

The number of mortgages registered on rural buildings per 100,000 of the population was highest in La Rioja (174). Only two communities reported positive growth rates, Navarra and the Basque Country, with increases of 0.9% and 0.7% respectively. The biggest declines occurred in La Rioja (-54.4%) and Asturias (-53.1%).

The region with the highest average mortgage was Asturias, with 212,633 euros, which also presented the highest positive year-on-year variation (71.1%).

The communities in which most changes in conditions per 100,000 population were recorded for rural buildings, were Castilla-La Mancha (140) and Valencia (121), and the greatest number of mortgages cancelled per 100,000 inhabitants, were recorded in the Balearic Islands (166) and Castilla-La Mancha (130).


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Cortijo in Turre Almeria
22 May 2010 at 8:17am
This cortijo is situated in the countryside minutes from the town of Turre and only ten minutes from the coast of Mojacar. The property comprises of a spacious living room with large log burner and windows to the views. This leads to an equally large kitchen/ dining room with hand built, tile topped units and plenty of space for a table and chairs. These rooms are especially large as the property was designed by the previous owner who was an architect. In this part of the property is a large double bedroom with fitted wardrobes and windows to the views. There is also a cloakroom, utility room and bathroom on this floor. Outside and detached from the property is a courtyard area with another three double bedrooms all with fitted wardrobes and air conditioning. There is a shared bathroom here also and this area is normally used for paying guests as used a rental wing of the building. The property has several large terraces, one leading from the house and the other with plenty of room for sunbathing. This large attractive south facing terrace has a private 12x 6m swimming pool. Steps lead down to a lower terrace planted with olive and almond trees. The land comprises of 5000m2 including a formal garden with various fruit trees and a separate vegetable garden. The property has many extras such as an irrigation system, Air conditioning, Sky TV a storage shed and its own private well. This property is in a fabulous location being minutes from the town yet surrounded by the countryside.
Golf Apartment Valencia
22 May 2010 at 8:17am
General description of the apartment<br /> <br /> Please, visit my web side:<br /> <br /> www.golf-property-coast-azahar-spain.es<br /> <br /> (If you copy the web address, it could not work, please type it yourself, thank you)<br /> <br /> The newly built, first floor apartment has had no previous tenants. It is quiet because only the kitchen wall connects with any of the other apartments in the block. It has a covered terrace with panoramic views of the golf course (in front of hole no. 2) and the surrounding mountains. The apartment consists of two bedrooms each with fitted wardrobes, two bathrooms(one fitted with a bath, the other a hydro massage shower)a dining room with views and access to the terrace, a fully equipped kitchen including fridge-freezer, dishwasher, washing machine, cutlery etc and laundry. The apartment is fully furnished and ideal for living in or for rent-there is high demand for rented accommodation throughout the whole year. The price includes a garage and a large storage room . Communal zones-adult swimming pool, child swimming pool, padel court, sauna, Jacuzzi and children’s play area.<br /> <br /> The Azahar Coast<br /> <br /> The Azahar Coast is situated between The South of Valencia and Barcelona and North Tarragon. It is in la Comarca del Baix Maestrat(Castellon), a few kilometres from the coastal cities of Vinaroz, Benicarlo, Peniscola, San Mateo or Morella. These areas are prominent tourist centres for two reasons. Firstly, they host a varied range of Mediterranean beaches which include wide golden sandy beaches and small hidden, stoney enclaves. Secondly the areas are of great historical interest such as the medieval murals of Morella.<br /> You can enjoy the natural surroundings such as the Ebro Delta, the Benifassa mountains or the Ulldecona reservoir amongst many others. It is also ideal for sports and outdoor activities such as hiking, rambling, horse riding and cycling. There are a wide variety of activities on offer for those interested in aquatic sports , in the coastal areas.<br /> The gastronomy of the region is also highly regarded.. Extra virgin olive oil is produced in the region, a tradition which dates back to the middle ages. There are typical local dishes such as Maestrat rabbit and a wide variety of seafood, pasta and rice dishes and ‘suquet de peix’(fish soup). Traditional food can be sampled in any restaurant or terrace around the city. You can try Morrellian beef ,rabbit with snails or patridge in escabeche. And of course we must not forget the wild mushrooms and truffles, the black diamonds of the kitchen.<br />
Village house just outside Salamanca
22 May 2010 at 8:17am
This is a pretty family home, renovated by an artist with an additional plot of land added on to convert into a garden. The ground floor contains adjoining garage, kitchen, bathroom, two bedrooms and a living room. The first floor comprises a very large, wood-beamed, open living space with one sofa and sofa bed on first floor as well as an office area. The village itself is just 7 km from the beautiful old university city of Salamanca, but it is also completely rural, with its own authentic charm, with chickens in the streets and cattle in the adjoining fields.
Mountain Villa
22 May 2010 at 8:17am
Mountain VillaOnly 20 mins from Granada and airport. This is the best spot in Montesol – top of the valley with unspoilt views over the whole area, and no-one looking down on you, so totally private. Internally this villa is just about perfect. Three double bedrooms and three bathrooms – one en-suite to the master bedroom , this bedroom could easily be used as a self contained studio apartment as it has it's own separate entrance from the main house. large living / dining room with panoramic views, fantastic log burning fire and three lovely terraces to take in the sun including Hot tub on terrace. It has a really smart galley kitchen just off the dining room. The villa has central heating and satellite TV and telephone installed. Plenty of room for Swimming pool - retaining wall already in place. Email for further pictures
Maravilla
22 May 2010 at 8:17am
Yes it is that blueEscape to the Country and grow your own in this finca with a fantastic sought after location, excellent for commuting plus huge potential for further development. Move straight in to this lovely detached bungalow with unrivalled, far reaching, unspoilable, views. There are three tiled terraces from which to drink in these views. A Sunroof, with trastero under, a beamed front patio and 44 metre side patio with BBQ and preparation surface tops. The garden is planted with magnolia, estrelitsia, Cyprus trees, almond, young lemon, pomegranite, nectarine,banana, bougainvilla, bignonia, jasmins, roses and there is lots of room for much more. The land has several carob trees. There is a Legal Escritura together with fully paid IBI etc. <br /> Within the bungalow there is a modern fully fitted kitchen with very expensive turquoise silestone marble worktops plus all domestic appliances included in price. Large dual aspect lounge diner. Two full sized double bedrooms both having fitted wardrobes. Bathroom has bath! so many dont! Extensive, panoramic views to mountains, sea, Guadalhorce valley, Malaga and airport. Just 5 minutes from ring road. 10 from airport, yet in heart of peaceful countryside. Local village has brand new sports centre, including a criket oval, and bike tracks, theatre, restaurants. Great international schools within 12 minutes drive...Why wait? Escape to this country house and plant veg to eat... For more pics see, www.fincamaravilla.com
Finca in Cordoba
22 May 2010 at 8:17am
FINCA BRIGADOON <br /> ARE YOU LOOKING FOR THAT DREAM HOME?<br /> <br /> LOOK NO FURTHER AS THIS PROPERTY IS COMPLETELY READY TO MOVE INTO WITHOUT HAVING TO DO A THING. The property has been renovated, decorated and furnished to a very high standard.<br /> <br /> Finca Brigadoon is located in a hamlet call los juncares just outside of the town of Iznajar which is in the province of Cordoba, Spain which is one of the most beautiful areas of southern Spain. Finca Brigadoon is a property everyone dreams about; sun all day with panoramic and breathtaking views across the olive groves and mountains (partial lake view). 5 minutes drive from the property to the lake and the town of Iznajar <br /> <br /> PRICE INCLUDES all top quality luxurious Furnishings, Furniture, Lighting plus much more. Also exterior furniture for the terraces and the pool area. See photographs to give you some idea of what you are getting. <br /> <br /> <br /> • Family room: Large free standing log burner.<br /> • Living room: Marble fireplace with inset log burner.<br /> • Kitchen: Next to family room.<br /> • Utility room: Next to kitchen.<br /> • Office: Next to family room.<br /> • Library / Study.<br /> • 6 Bedrooms all finished to the highest standard.<br /> • 3 Bathrooms all with luxurious fittings<br /> <br /> <br /> Property has walls and decorative railings surrounding the land of 1,315m2.Two Entrances to the property via tarmac road.<br /> <br /> House sits in the middle of the property and is 337m2 plus interior patio and terraces 261m2 Swimming Pool 13mtr x 6mtr with waterfall (one depth all over for safe swimming), Fishpond with waterfall. Town water and electric connected. We also have our own water well for filling the pool, fishpond and automatic irrigation system for the gardens. <br /> <br /> The property can be split into two houses one for the owner to live in and the other for family or rental. Great Rental Investment if buying for rental aiming at the top end of the market.<br /> <br /> Malaga and Granada airports are a 1 hour drive from Iznajar.<br /> <br /> WE ARE LOOKING FOR GENUINE OFFERS WHICH WILL BE CONSIDERED FOR THIS PROPERTY SO IF YOU ARE INTERESTED THEN CONTACT US THE OWNERS. More info and lots of photographs are available by request from here or by visiting our website: <br /> www.spain-fincabrigadoon-forsale.com<br />
Hairdresser & Two Apartments-FREEHOLD
22 May 2010 at 8:17am
Street ViewA Freehold-House Incorporating A Hairdresser's & 2 Apartments- Low Overheads (No Monthly Rent To Pay) 152.500 €<br /> .........................................................<br /> There are no existing Mortgages on this property. A quick sale is possible.<br /> .........................................................<br /> <br /> (Watch Video)<br /> http://www.youtube.com/watch?v=OPaRtPHCQBk<br /> <br /> A THREE UNIT Commercial & Residential property, ideally situated in a busy, highly visible location .<br /> <br /> Costa Blanca-La Marina-Alicante<br /> serviced by regular buses, supermarkets, banks, clinics, doctors, many bars and restaurants (Spanish, English, Italian, Dutch, German Indian and Chinese! etc). There are three public swimming pools, several children's parks and a bowling green.<br /> 10 Minuets from The Beach<br /> About 25 minutes drive from Alicante Airport. <br /> <br /> The closest Golf Course is La Marquesa situated at Rojales about 5 miles away. Las Ramblas, Villa Martin, a championship golf course and Campoamor are within a 20 minute drive. The famous golf courses at La Manga are 45 minutes drive.<br /> <br /> <br /> The Ground Floor comprises of ;<br /> An entrance lobby leading to ground floor units 1 & 2 and an internal stair way leading to the larger<br /> of the two self-contained apartments.<br /> <br /> Unit 1<br /> A fully equipped Hairdressing salon with ample customer reception and work area.<br /> Fitted kitchen and Independent WC -Shower room.<br /> Air conditioning/Heating<br /> ( At little expense this unit could easily be converted and utilized for other business purposes or as an <br /> additional third independent living area).<br /> <br /> Unit 2<br /> Also on the ground floor.<br /> An independent self-contained apartment that comprises of;<br /> A double bed room.<br /> Galley kitchen<br /> Compact lounge/diner. <br /> WC Wet-room/Shower .<br /> Air conditioning/Heating.<br /> (With little or no modification, this unit could be utilized as an additional commercial area complimenting<br /> the Hairdresser's. Possibilities such as Beauty salon, Nails or Massage etc).<br /> <br /> The second level comprises of <br /> <br /> <br /> Unit 3<br /> The main living area.<br /> Spacious accommodation that comprises a well appointed fitted kitchen.<br /> A Separate Lounge, leading to a Dinning Room/Second Bedroom-<br /> (Both with Air conditioning/Heating).<br /> A shower/ wet-room WC.<br /> <br /> The Master Bedroom with En-suit Bathroom and fitted wardrobe, leads to a Dressing room /Office<br /> with an additional fitted wardrobe and built in office work space area.<br /> <br /> <br /> Via the lounge, an internal stairway leads to a large private roof top solarium with kitchen area<br /> and fantastic views of the surrounding area.<br /> This property also benefits from a solar assisted hot water system & a 500 liter water tank-<br /> (which ensures uninterrupted supply) and a water softening treatment system.<br /> ..............................<br /> The House/Hairdresser's is in a settled location on part of the original Urbanization which was built just over 20<br /> years ago. Everything is in order and there are no disputes regarding planning permissions or legality.<br /> .......................................<br /> What is on sale here is the House containing the Hairdressing-Salon & the Hairdresser Good-Will, fixtures & Fittings. <br /> ::::::::::::::::::::::::::::::::::::::::::::::<br /> (Watch Video) To view full tour, copy address below into your search bar.<br /> http://www.youtube.com/watch?v=OPaRtPHCQBk<br /> ..............................................<br /> To View FULL Range Of Pictures copy the link below into your search bar; <br /> <br /> http://www.wix.com/dakman6/Hairdresser-House-For-Sale<br /> .............................................................<br /> Reasonable offers from cash buyers considered. ..............................................................<br /> ENQUIRERS; <br /> Please make Direct Contact With The Seller by email at the address below:<br /> <br /> hairdresser_house_forsale@hotmail.com<br /> .............................................................
Business opportunity
22 May 2010 at 8:17am
Garden, Pool & PropertyBargain Price.<br /> Fully furnished and equipped, all refurbished to a high standard however due to the property standing empty some damage has occurred since we left Spain, complete with owners large 2 bed, 2 bath, fantastic apartment.<br /> A lot of property with easy run business offers invited.<br /> The main house is divided into 2 flats. The ground floor flat has 2 bedrooms, 1 bathroom, lounge, kitchen dinner & utillity room. (fully furnished & equiped)<br /> The first floor flat (owners accomodation) has 2 large bedrooms 1 en suite, plus family bathroom, extensive kitchen dinner, fantastic triple aspect lounge, large terrace, and large storage room suitable for conversion to extra accomodation.<br /> There are 3 self contained, self catering holiday appartments, all fully furnished and equiped.<br /> 1 B&B studio appartment, fully furnished.<br /> All holiday appartments are en-suite.<br /> All accomodation has full central heating (oil).<br /> Large Naya (covered terrace) with dance floor, W.C., Bar & Hot tub.<br /> Large maintainence workshop/ storage.<br /> Large storage room, suitable for conversion to extra accomodation.<br /> Walled garden and terraced area with 10x4mt salt water pool & covered BBQ area.<br /> Plenty of parking within fenced and gated area. Orchard with various fruit & nut trees.<br /> The rest of the land approx 10000 sq mts is at present rented to a farmer. ( would be suitable for stables and horses)<br /> Situated in open countryside 3kms from the town of Villena, in very peacefull valley.<br /> Ideal for walking, cycling or climbing holidays.<br /> With the main holiday season lasting 26 weeks this could give you an income of €35000 plus.<br /> NOW REDUCED TO €295000<br /> For more information go to www.6apartments.bravehost.com<br /> e mail masterchippy@hotmail.co.uk<br />
Villa in Valencia
22 May 2010 at 8:17am
pool and terraceSleeps 5/7. 2 bedroom detached villa with private pool and off road parking. Partly air conditioned. 2 double bedrooms, main bedroom is on suite with a full bathroom,guest shower room and toilet .Washroom and toilet poolside Quiet hillside location overlooking the sea. 3km to Oliva with restaurants, shops, supermarket and beach. Gandia 10km with further amenities and facilities. 7km to nearest golf course.The villa has air-conditioning and large sun terrace by the pool with sun loungers and 6 seater table and chairs for eating outside. a BBQ area and ample seating. There is also a conservatory overlooking the pool area. The nearest town is Oliva with Gandia the main shopping town. Oliva is 2 kilometers and Gandia 10 kilometers both have all the main facilities you will need, restaurants supermarkets. There is a restaurant 1/2 kilometer from the villa. The beach at Oliva is 4 kilometers in length. There is a market in Oliva on Fridays and Sundays at Pedrueger. Behind the villa is a large pine forest with pleasant walks.
Large house forsale in Benahavis, (marbella)
22 May 2010 at 8:17am
Front of HouseTons of Potential! – A very large private house (550 sq meters) with own pool in the beautiful village of Benahavis. Currently used as a family home with two generations living on three floors, it has the scope to be developed. The possibilities include: a Guest house, a B + B or three separate apartments as each floor (approx 160m2) has its own front door. There is a small castillette at the top of the house leading out onto a terrace (145m2 approx). It also has a private swimming pool and terrace outside on the bottom floor. Currently marketed at 675.000 euros, but open to offers.
Casa Letur
22 May 2010 at 8:17am
Letur EntranceAre you considering buying a retreat or holiday home in the mountains of rural Spain? If so, you have come to the right place! Our home in Letur is a 250+ year old town house that has been fully modernised but still keeping its original charm and character. It is situated at the end of a quiet passageway off the main square of the town, yet it's close to shops, bars, restaurants and bakeries (Sorry, but no discos!) For full details see the Casa Letur website at www.yourspanishhouse.com/.<br /> <br /> This village house presents an uncommon value and the opportunity to become part of a tranquil and authentic Spanish mountain village. It is fully furnished and unique both in it's features and location. Please accept this invitation to take a good look at our special house in this historic little pueblo.<br /> <br /> The lounge is furnished with a three-seater sofa , two arm chairs and two tables. At the other end of the room is an entertainment unit complete with large colour TV and DVD player. The unit also has plenty of storage space for CD, DVDs and games.There are two built-in cabinets located on opposite walls: one, originally a small alter space, now used for storing books and drawing materials. The second is full sized and is used for dinnerware and other essentials.<br /> <br /> The small village of Letur is beautiful, charming, peaceful and relaxing. It is located in the heart of the Sierra del Segura Valley, near the town of Hellín in the mountains of the Albacete province in Eastern Spain, far from the hassles of the playas and the rocketing costs of the costas.<br /> <br /> The house has a total constructed space of 170 sq. meters (1,830 sq. feet). The main living areas are on the ground and next two levels, while the basement is accessed off the dining area. All of the plumbing and wiring were professionally reformed within the last 5 years.<br /> <br /> The house is completely legal and benefits from very reasonably priced full town services. It also has connections for terrestrial television, telephone, and ADSL. There are several possible locations for a satellite dish, depending on which channels/languages are required. The cell phone reception in the village is excellent.<br /> <br /> The house is in excellent order and currently used regularly as a holiday home and artist's retreat. It would serve equally well as a full or part time residence for writers or outdoor enthusiasts of all ages.
VILLA - West ESTEPONA - www.parasoliving.com
22 May 2010 at 8:17am
Established Villa for Sale in dream location situated minutes away from a good selection of amenities including but not limited to beaches, good travel network, Airports, Duquesa Port and Estepona for all your shopping and banking needs. This property includes good outside living as well as all your indoor home comforts, Main House built 110 square meters. 3 bedrooms of which two are double open onto terrace/jacuzzi with sea views via french doors. Master bedroom has built in robes & a full en-suite with large double bath & walk in shower. Second bathroom has a walk in shower. Third bedroom is a single/study with built in storage. All bedrooms have reversible hot & cold air conditioning. The bathrooms have under floor heating. Front Entrance opens into a small lobby, which then leads to the dining room & large lounge which accesses the terrace via sliding doors with sea views. Separate kitchen opens onto terrace, there is also a separate laundry room. <br /> Casita/Studio Flat 37 square meters with kitchenette & shower room, situated by the swimming pool of 8 x 4 meters. <br /> Property plot 760 square meters & has a double garage, 182 square meters of terraces of which 16 are covered, terrace off double bedrooms plumbed & wired for Jacuzzi/Hot tub. There is a Gazebo BBQ area & well established gardens. The property has been recently refurbished & is maintained to a very high standard. FOR FURTHER DETAILS see our WEB SITE http://www.parasoliving.com/
Mrs C.Brewster
22 May 2010 at 8:17am
Lovely villa -built for the owner in 1994 set in private gardens with pool and terraces. Large garage and spacious drive. Secure entry. Lovely sea views of the bay of Son Xoriguer.<br /> Luxury kitchen dining room, lounge and cloakroom, study and large storeroom are on the first floor overlooking the bay. Open terracing and staircase to garden.<br /> Downstairs, Four double bedrooms , one en-suite bathroom, large family bathroom, and utility room. Outside, fully fitted shower room, pool and fully fitted summer house, with fridge, hob, oven and dishwasher. Decking and gazebo.<br /> <br /> <br /> <br />
New Country House, needs finishing off
22 May 2010 at 8:17am
BARGAIN! New Country House, in need of finishing off, ocated in the Cordoba Valley, 5km from National Park, 15km from National Park. <br /> This is a beautiful property with spectacular views, very peaceful and full of potential, the plots has approx 300 Olive trees and ample space for a pool to be installed. <br /> <br /> The property is a blank canvas and perfect for the purchaser to put their stamp on the place.
Alomartes
22 May 2010 at 8:17am
StairwellLast Chance to buy this lovely TOWNHOUSE built with FOUR BEDROOMS and TWO BATHROOMS and decorated throughout to the highest standards. This superbly furnished townhouse is located in the popular village of ALOMARTES in the hills to the south of the famous town of MONTEFRIO and only minutes from the main central autovia A92 Seville to GRANADA. Granada airport is approximately 25 minutes and Malaga airport approximately 1hr 20mins. The Sierra Nevadas and the coast are approximately 1hr30mins. <br /> This particular townhouse must be seen to appreciate the standard of workmanship, which extends to the double-glazed wooden windows, internal and external doors and the lovely hand-carved hand-rail on the marble staircase. The property has double-glazing, quality light fittings and a number of air-conditioning units (hot/cold) and there is parking to the front of the property. There is a mainline telephone connection with broadband. <br /> From the street entrance through wrought-iron gates into a small porch and on into the entrance hallway. The property benfits from tiled flooring throughout. On the ground floor are wonderful Lounge with Central Arch and wood-burning stove extending into the open-plan staircase area. Dining Room approx 4.25m x 2.59m, fully-fitted Kitchen approx 3.03m x 2.50m, covered Utility Area approx 2.16m x 1.34m leading into private walled-in Patio 3.00m x 3.00m. Also on the ground floor is Bedroom 1 and Shower-room with 3pce suite. <br /> Up the marble staircase to Reception/Landing approx 3.53m x 2.50m off which are Bedroom 2 approx 4.38m x 3.65m with balcony, Bedroom 3 approx 3.42m x 3.07m with balcony, Bedroom 4 approx 3.55m x 2.10m, Bathroom approx 3.15m x 1.83m with 4-pce suite including bath with shower, toilet, handbasin, bidet and linen cupboards, Ante-Room approx 1.90m x 1.20m to Study/Work-Room approx 4.70m x 1.54m and Store-Room approx 3.04m x 2.66m <br /> For further details contact the vendor direct julianrcberry@yahoo.co.uk. Possibility of mortgage facility.

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Marbella 2011 - Luxury Property Spain Marbella - House for Sale in Spain 2011

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MARBELLA BEACH Marbella 2011 - Luxury Property Spain Marbella - House for Sal

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Cheap Isabella Quad Villa 3 For Sale at La Marina Alicante Spain

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For Sale In Spain News


Fitch downgrades credit ratings of five EU nations

27 Jan 2012 at 3:01pm  27-01-2012 21:03 NEW YORK - Fitch Ratings Friday downgraded the sovereign credit ratings of five euro currency countries - Italy, Spain, Slovenia,...

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Italy, Spain Are Among Five Euro-Zone Nations Downgraded by Fitch Ratings - B...

27 Jan 2012 at 2:40pm 

Bloomberg

Italy, Spain Are Among Five Euro-Zone Nations Downgraded by Fitch Ratings
Bloomberg
Enlarge image Italy Economy Italy Economy Alessia Pierdomenico/Bloomberg Half-price sale at a store in Milan on Jan. 19, 2012. Enlarge image Spain Economy Spain Economy Denis Doyle/Bloomberg At the Principe Pio metro station in Madrid on Sept.
Fitch downgrades 5 eurozone nations, including Italy and SpainToronto Star

all 471 news articles »


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Spanair Considering Its Future as Qatar Airways Scraps Bid - Bloomberg

27 Jan 2012 at 1:26pm 

Spanair Considering Its Future as Qatar Airways Scraps Bid
Bloomberg
The carrier is preparing to inform Spain's civil aviation authorities of the suspension of operations, the Efe newswire said in a report on the La Vanguardia newspaper's website, citing unidentified people. SAS Sale SAS AB (SAS), the biggest Nordic ...

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Spanish jobless figure hits 23pc

27 Jan 2012 at 1:01pm  27-01-2012 17:10 SPAIN’S unemployment figures hit 22.85pc at the end of 2011 to the highest level in the industrialised world. Over five...

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Spain unemployment tops 5.3m and set to get worse

27 Jan 2012 at 1:01pm  27-01-2012 16:47 Europe 's worst unemployment rate, recorded 350,000 people losing their jobs in the last quarter of 2011.That rate now stands at...

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Unemployment weighs on Spain as Greece resumes debt talks

27 Jan 2012 at 1:01pm  27-01-2012 16:26 Talks between Greece and its private debt holders continue today as the country tries to reach an agreement on reducing its debt....

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Madrid's players bad losers, animals

27 Jan 2012 at 1:01pm  27-01-2012 17:42 BARCELONA, Spain (AP) -Barcelona midfielder Xavi Hernandez has labeled Real Madrid's players bad losers and animals after his club...

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Sulzer Pumps to purchase a Spanish pump company

27 Jan 2012 at 1:01pm  27-01-2012 16:15 announced its plans to buy Burgos, Spain-based Hidrotecar S.A. Friday. The Spanish company reported EUR 13 million last year and...

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No regrets after bucking NBA for Spain

27 Jan 2012 at 1:01pm  27-01-2012 17:24 MADRID — NBA prospect Kyle Singler has no regrets over his decision to spurn the Detroit Pistons to play basketball in...

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Spanish jobless rate soars past 5 million mark

27 Jan 2012 at 1:01pm  27-01-2012 17:49 MADRID -; The number of people out of work in Spain has soared past the 5 million mark with the jobless rate shooting up to almost...

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Nantucket ‘Ghost Boat’ Found in Spain after 3 Years at Sea

27 Jan 2012 at 11:33am  26-01-2012 20:52 For over three years, the Queen Bee trawled the open ocean, devoid of a captain or crew. But last week, the abandoned "Nantucket...

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Spain discovers Euroscepticism amid economic gloom

27 Jan 2012 at 11:33am  26-01-2012 14:23 Spain 's pro-European spirit. The last Eurobarometer opinion poll shows 62% of Spaniards "tend to distrust" the EU, against 30% who...

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Mediapro Puts Spanish Formula 1 Rights Up For Sale

27 Jan 2012 at 11:33am  26-01-2012 14:22 MADRID - Spain's Mediapro is auctioning off its exclusive Formula 1 rights to its competitors due to its inability to pay the...

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Italian Bonds Gain on Bill Sale as Spain Debt Jumps, Bunds Trail - BusinessWeek

27 Jan 2012 at 10:57am 

Bloomberg

Italian Bonds Gain on Bill Sale as Spain Debt Jumps, Bunds Trail
BusinessWeek
Spain's 10-year bonds gained the most this year, extending this month's advance as the European Central Bank's provision of three-year loans to banks in December boosted demand. Italy auctioned 8 billion euros ($10.5 billion) of 182-day bills at 1.969 ...
Italy bill sale success boosts mood ahead of Monday testReuters
Italian Borrowing Costs Continue to FallWall Street Journal
Italian yields fall after ?11bn debt auctionFinancial Times
RTE.ie
all 182 news articles »


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Ratings agency Fitch downgrades five eurozone nations

27 Jan 2012 at 6:00am  The credit ratings agency Fitch has downgraded five eurozone countries, with a double-drop for the major economies of Italy and Spain. The move, ahead of an EU summit on Monday, comes...

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Spanish property prices 'will fall as banks sell assets' - Overseas Property ...

27 Jan 2012 at 2:23am 

Overseas Property and Investment News

Spanish property prices 'will fall as banks sell assets'
Overseas Property and Investment News
He added when they are put up for sale at their true worth "we'll find that the price of housing in Spain will fall more, there'll be an adjustment and it will be more available for a lot more people," the news agency quoted Mr de Guindos as saying.

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Spain bans deficits in regions from 2020

27 Jan 2012 at 12:00am  Spain's government said Friday it had approved a new budget law that bans the country's 17 powerful regions from sliding into deficit from 2020."All autonomous regions...

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Spain cuts subsidies for clean energy

27 Jan 2012 at 12:00am  Spain is cutting subsidies for clean energy production, a sector in which it has become a leader in Europe, as part of a wave of crisis spending cuts, the government said on...

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Spain's CaixaBank fuels Bankia merger rumour

26 Jan 2012 at 11:00pm  Spain's CaixaBank said Friday an expansion could be desirable, fuelling market rumours of a mega merger with rival Bankia despite its denials that negotiations are...

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Spain's FADE Electricity Fund Said to Pull Euro Bonds Sale - BusinessWeek

24 Jan 2012 at 12:29pm 

Spain's FADE Electricity Fund Said to Pull Euro Bonds Sale
BusinessWeek
24 (Bloomberg) -- Spain's Electricity Deficit Amortization Fund, established to compensate utilities that lost money because of a government policy to cap consumer power prices, pulled a planned bond sale, according to four people with knowledge of the ...
EUROBONDS: FADE Postpones Four-Year Bond, Primary Market QuietNASDAQ

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Demand strong, yields fall at Spain debt sale - Reuters

24 Jan 2012 at 9:17am 

Globe and Mail

Demand strong, yields fall at Spain debt sale
Reuters
Spain's three- and six-month auction yields had spiked to just over five percent in November, but by last Thursday the treasury was paying little more than that to sell 10-year debt.[ID:nL6E8CJ0X9] The last time it sold three- and six-month paper it ...
Spain sees strong demand in $3.3 billion debt saleSacramento Bee

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Spain sees strong demand in $3.3 billion debt sale - CBS News

24 Jan 2012 at 6:54am 

Spain sees strong demand in $3.3 billion debt sale
CBS News
(AP) MADRID ? Spain successfully raised ?.5 billion ($3.3 billion) in a short-term debt sale with strong demand and lower interest rates indicating growing market confidence in the new government's ability to handle its finances.

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Spain Borrowing Costs Drop as Demand Rises at 2.51 Billion-Euro Bill Sale - B...

24 Jan 2012 at 3:59am 

Bloomberg

Spain Borrowing Costs Drop as Demand Rises at 2.51 Billion-Euro Bill Sale
Bloomberg
Spain sold 2.51 billion euros of bills ($3.26 billion), just above its maximum target for the sale, as a surge in demand helped bring down borrowing costs. Spain sold three-month bills at a rate of 1.285 percent, the Bank of Spain said, ...
Spain Sells 2.51 Billion Euros of Bills, Beating Maximum TargetSan Francisco Chronicle

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France, Spain Sell EU14.6 Billion in Debt as Yields Slide - BusinessWeek

19 Jan 2012 at 9:03am 

Globe and Mail

France, Spain Sell EU14.6 Billion in Debt as Yields Slide
BusinessWeek
19 (Bloomberg) -- France and Spain sold 14.6 billion euros ($18.8 billion) of bonds, with both nations' funding costs falling in the first sale of medium and long-term debt since Standard & Poor's downgraded their ratings. France sold 7.97 billion ...
European Stocks Rise as Spain, France Sell Bonds; Commerzbank Shares ClimbBloomberg
Spain Raises ?6.61 B in Debt Sale, Greeks Bargain HardTicker Magazine
Spain tops bond sale range as yields fallFinancial Times
Washington Post -Wall Street Journal (India)
all 611 news articles »


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European shares climb as debt sales calm nerves - Reuters

19 Jan 2012 at 6:30am 

The Guardian

European shares climb as debt sales calm nerves
Reuters
* FTSEurofirst 300 up 0.3 pct, Euro STOXX 50 up 0.7 pct * Euro STOXX 50 breaks above December peak * Strong demand, falling yields at France, Spain debt sales * Defensive sectors drop as investors switch back to banks * Euro zone banking index climbs 5 ...
Bond sales boost European stocks, euroEconomic Times
Strong Debt Auctions Boost European SharesFox Business
Euro Strengthens Against Most Majors After French, Spanish Bond AuctionsNASDAQ

all 748 news articles »


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Activities Majorca

12 Jan 2012 at 1:40am  Activities Majorca are vast, bird watching, hiking, golf, night clubbing, cycling, beach combing and horse riding are some of the things to do on this Balearic Island.

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Spanish Links

22 Dec 2011 at 6:28am  View Spanish Links that are related with SearchMajorca.com and request a link at SearchMajorca.com

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International Links

21 Dec 2011 at 9:40am  View International links that are related with SearchMajorca.com and request a link at SearchMajorca.com

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Majorca Island

22 Nov 2011 at 2:49am  The beautiful Majorca Island is the largest of the Balearic Islands in the West Mediterranean

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Classical Music Festival in Soller 2012

18 Nov 2011 at 2:48am  Don´t miss the IIX edition of the Festival de Musica Clasica held in Port de Soller on Majorca. After the successful event this year the dates have now been announced for 2012. 29 September 2012
6 October 2012
13 October 2012
20 October 2012



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