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  • September 17, 2014
  • Last updated: 4:51pm
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  1. Property - International - SPAIN

    Spanish housing nightmare fades as buying picks up

    Posted May 28th 2014, 05:08am by BLOOM

    ... of Spain's bad bank, known as Sareb. Valencia accounts for close to a fifth of Spain's one million empty homes. Those vacant properties are a legacy of the unbridled building of almost 700,000 ... this year. Economists including Souheir Asba at Societe Generale expect mortgage lending to start recovering towards the end of the year as banks- which forced Spain to seek a €40 billion bailout ...

  2. News - World - SPAIN

    March on Madrid over economic woes turns violent

    Posted Mar 24th 2014, 04:48am by AFP

    ... of youths smashed the windows of a bank, set garbage bins on fire and threw projectiles at police, who responded by firing rubber bullets and charging. Earlier in the day, eight columns had ... comes after two years of bruising austerity measures, forced on Spain as part of a €40 billion (HK$428 billion) international bailout after a huge housing bubble almost destroyed its banking ...

  3. Property - International - SPAIN

    Spanish 'bad bank' gets serious about selling off land

    Posted Oct 09th 2013, 12:00am by Reuters

    ... Reuters in Madrid Spanish agency to put about 80 plots taken over from bailed-out lenders up for auction 'Bad bank' gets serious about selling off land Spain's "bad bank" is about to start its biggest sale so far of land taken over from bailed-out lenders, as property prices in some of the countries worst hit by the euro zone crisis show signs of recovery. ...

  4. Property - International - SPAIN

    Empty hunting lodge a tale of boom and bust in Spanish property

    Posted Oct 23rd 2013, 04:49am by BLOOM

    ... Bloomberg Estate goes to rack and ruin after developer loses it to bank in Spanish property meltdown Empty hunting lodge a tale of boom and bust Spanish developer Luis Gonzalez Chozas used ... the property to the bank, wild sheep roam at will and with no hunting, the deer population has multiplied more than fivefold, said Fabian Vinagre, the caretaker of the estate near Caceres, 300 ...

  5. Sport - Soccer - SPAIN

    Messi and father pay €5 million in tax case

    Posted Sep 05th 2013, 09:52am by Reuters

    ... Reuters in Madrid Messi and father pay €5 million in tax case Barcelona forward Lionel Messi and his father Jorge have paid US$6.6 million to the Spanish authorities after they were accused in June of filing false tax returns, a court statement said on Wednesday. The pair had deposited 5,016,542.27 euros last month as a “corrective payment”, the court in Gava near Barcelona ...

  6. News - World - SPAIN

    Spanish banks curb evictions after evicted tenants commit suicide

    Posted Nov 14th 2012, 12:00am by The Guardian in Madrid

    ... Spain's banking association has announced it will freeze eviction orders for the next two years in cases of "extreme hardship," after a woman killed herself moments before she was due ... People's party and opposition Socialists pledged to hold an emergency meeting to agree on reforming mortgage laws. The Spanish Banking Association (AEB) said its members had already agreed ...

  7. News - World - SPAIN

    For sale: the Spanish airport with no jets and sky-high debts

    Posted Aug 09th 2013, 12:00am by GDN

    ... airliner. The catch is paying off a €529 million debt. Creditors include several savings banks (€233 million) Air Nostrum (€2.6 million) and Air Berlin (€1.8 million). Local residents whose property was compulsorily purchased to build the airport are claiming a further €106 million. The airport drove the Castilla-La Mancha savings bank- a 68 per cent shareholder in the venture- to bankruptcy, ...

  8. News - World - SPAIN

    Spain prepares to pass reforms, budget cuts

    Posted Sep 27th 2012, 08:52am by Reuters in Madrid

    ... to Brussels about the terms of a possible European aid package that would trigger a European Central Bank bond-buying programme and ease Madrid’s unsustainable borrowing costs. The reforms ... to create a banking union sent the interest rate on Spain’s benchmark 10-year bond above 6 per cent on Wednesday. However, jitters about Spain did not prevent Italy holding a successful debt auction ...

  9. Sport - Soccer - SPAIN

    Spanish taxman tightens screw on clubs

    Posted Jun 30th 2013, 12:00am by AFP

    ... the season. The league will then set a limit that the clubs are allowed to spend on their first-team squads and management team. Moreover, from the 2014-15 season, clubs will have to deposit 35 per ...

  10. Property - International - SPAIN

    Banco Santander's 'retraction' gives hope to market

    Posted May 01st 2013, 12:00am by BLOOM

    ... is close to its lowest point, Chief Executive Officer Alfredo Saenz said. Santander, Spain's biggest bank, set aside the funds for this year to cover the risk that price declines would accelerate. The bank is "retracting" the provision because it now doesn't expect it will be needed, he said. "If it hasn't reached bottom already, the room that remains ...




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