Ryan air cancels routes affecting Seville and Valencia airports

Irish budget airline Ryanair confirmed Wednesday the cancellation from the 10th of January its routes linking the Spanish airports of Seville and Valencia.

A spokesman for the airline explained that the measure is a result of ” restricted capacity of aircraft for the upcoming summer season and increased costs at Spanish airports applied by AENA .”

However Ryanair said, the available seat capacity will increase facilities in the Seville San Pablo airport from September 2014 with the arrival of ” a new aircraft .”

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The destinations Bari to Dusseldorf and will open again in March 2014 and Ryanair has signed an agreement with U.S. manufacturer Boeing 737-800 to buy a further 175 planes for around 12,000 million euros, which will join its fleet ” progressively ” said a spokesman .

At the moment the flights are not available for next year on the website for the airline connections from Seville airport Bari (Italy) and Dusseldorf- Weeze (Germany ), although the company plans to activate them again from April 1st 2014. An Ryan Air spokesman said “At the moment we are working on the configuration of the final schedule for summer 2014.”

At the moment we can only confirm that the Valencia route will cease operations from the 10th of January, the spokesman said. The routes from San Pablo to Santiago de Compostela and Malta are in the same situation and suspended during the winter but that could re-enabled from April 2014.

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Malaga and Alicante attracted nearly half of purchases by foreign residents

The sale of homes totalled 70,196 operations in the third quarter, 6.8% less than in the same period of 2012 according to the Ministry of Development, showing that home ownership by foreigners grew by 24 7% to 10,960 transactions, 15.6 % of the total. Home sales fell as in respect to the second quarter when they decreased by 4.2%, although away from the crash this suffered 21.5% in the first three months of the year .

However the data from Formento shows in the last twelve months between October 2012 and September 2013 sales transactions were 341,104, which is  1.4% more than in the previous twelve months. Alicante and Malaga distributed nearly half of purchases by foreign residentes, 13,918 transactions were for new housing which is 19.8% of the total, while the resale market totalled 56,278 , 80.2 %.

In the case of private housing, operations amounted to 66,477 between July and September this year, 94.7% of the total, while 5.3% or 3,179 transactions were for housing.

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Half of foreign property buyers purchase in areas like Marbella in Malaga and Alicante

By region in the last 12 months nine of them have had increased sales, while the remaining eight and the autonomous cities of Ceuta and Melilla have produced falls in property sales. Notable increases were in Murcia ( +14.3 % ), Aragon (+9.4 %) and Catalonia ( +7.6 %) , compared with declines of Cantabria ( -17.3 %) , Basque Country (- 15.3%) and Castilla -La Mancha (-14.6 % ), respectively. The purchases made by foreign residents in Spain experienced an annual growth of 24.7 % over the third quarter of 2012 , with 10,960 operations.

Together, the purchases made by foreign – resident and non – residents accounted for 12,070 transactions , 17.2% of the total , which is a record since 2006. By provinces of which recorded the highest number of sales by foreign residents accounted for Alicante ( 3,158 operations ), Malaga ( 1552 ), Barcelona ( 889 ) , Girona ( 758 ) and Tenerife ( 705) . Only foreign demand activity in the housing market ” remains in the doldrums .” According to Beatriz Toribio of Fotocasa, “now they’re again buying property in Spain foreign investors are seeking good opportunities in this time of low prices “. ” May we continue in positive figures, the pull of foreign demand is good because it came from many years of sluggishness ,” but ” should not lead to euphoria because the sector will recover only thanks to foreign demand,” says Toribio.

 

Depreciation on Spanish Foreclosed Homes Reached 63%

Moody’s credit rating agency indicated recently that the accumulated depreciation on foreclosed homes in Spain since the beginning of the crisis has reached an average of 63%. This percentage is well above the 41% average decline registered, according to the National Statistics Institute, in housing prices between the first quarter of 2007 and the second quarter of 2013.

The rating agency stated that the largest price declines registered, related to sales of foreclosed homes in the regions of Murcia (-78%), Valencia (-71%), Catalonia and Andalusia (both -69%) as well as the Canary Islands (-67%).

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Depreciation on foreclosed homes in Spain since the beginning of the crisis has reached an average of 63%

In these regions, the average decrease in housing prices, between the first quarter of 2007 and the second quarter of 2013, was 32% in Murcia, the Canary Islands and Andalucía, 37% in Valencia and 48% in Catalonia.

El Mundo reported that, in the whole of Spain, the greatest decreases in the price of housing since the beginning of the crisis correspond to Catalonia and Aragon (48%), Madrid (46%), and the Basque Country (43%). In Castilla y León, the price of housing has accumulated an average decrease of 39%, while in Castilla-La Mancha and Valencia the average decline is 37%.

When analysing only foreclosed homes, the prices fell by an average of 64% in Aragon and 62% in Madrid, while they dropped by 61% in Castilla-La Mancha and by 60% in Castilla y León. The decline in prices registered in the Basque Country reached 56%.

Moody’s warned: “The largest losses are concentrated in the foreclosed properties on the Mediterranean coast, Andalusia and the Canaries ( … ) although it will not lead to a lowering in the rating, taking heavy losses on foreclosed mortgaged homes is detrimental for the credit”.

 

Article source: Kyero.com

Spanish property price data shows a more moderate decline in November

Property prices in November fell 7.2 % from the same month last year, according to the index imie tinsa appraiser. This data records a more moderate decline compared to the previous month, the maximum drop accumulated since December 2007 is 38.5%.

Regarding behaviour by areas,  capitals and big cities suffered cuts highlight with a fall of 7.9% , followed by metropolitan areas and other municipalities both with a descent of 7.8%, very close to the towns of the Mediterranean Coast stood with a fall of 7.5%.

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Graph supplied by Idealista

A  smaller decline compared to November last year, experienced by the Balearic and Canary Islands with 0.9% drop and has maintained a stable trend since mid-2012.

In terms of the accumulated areas since they reached their highest value cuts, the Mediterranean Coast adjustment in November stood at 45.4 %, was followed by the capitals and big cities with 42.2%, Metropolitan areas with 41.9 %, the other municipalities with 33% and closing the series the Balearic and Canary Islands with 27.3%.

 

Marbella and San Pedro have not received 88 million euros to help unemployed

The PSOE has defended the need for the town of  Marbella for a new city project ” employment as a priority ” and has demanded that they promote equal policies ” not that the rich get richer and the poor get poorer “, and has been assured the secretary general of the socialists in Malaga, Miguel Angel Heredia who visited the Marbella area on Monday, along with the leader of the PSOE in the town  José Bernal.

In this regard he recalled that the Socialists have asked the National Government for an employment plan for Andalusia, ” but we were told no. ”

To create employment requires that plan, because we have more than 15,200 unemployed and more than 17,500 job seekers, he noted , ” The mayor – Angeles Muñoz – has not had the courage to demand it from her own party colleagues. ”

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The major of Marbella has not had the courage to ask for subsidies to help the local unemployed

We are demanding an employment plan worth 200 million euros, which would account for four million euros for Marbella, but it has not been accepted as they have made in other communities such as Extremadura and the Canary Islands. Heredia said that 20 percent of  Marbella families have all their members unemployed and the PPs´ measures ” have only brought more unemployment, higher taxes , fewer rights and more inequality.” Measures such as labour reform have resulted in instability and temporary unskilled jobs. Of the 5,308 contracts that were given in Marbella in October, only 480 (9%) were indefinite, ” he expressed and has criticized the city government for raising taxes.

” The middle classes are being hit hard “, while management has defended the Government of Andalusia, in particular the plan against social exclusion has allocated 623,000 euros to starting employment in Marbella and San Pedro de Alcantara, of which must be added 90,507 euros to help consolidate. Meanwhile Bernal said Heredia ‘s visit to the neighbourhood of Divina Pastora was intended ” to communicate to the neighbours who have another two years of the present Spanish government to add to our municipality abuse. He explained that in 2014 Andalusia will receive 1.220 million less, implying that Marbella and San Pedro cease to receive 22 million euros that could have been spent on infrastructure or ordinary spending. “In the three budgets since ​​Prime Minister Mariano Rajoy took over there has been 5,000 million less for the autonomous regions, which means that Marbella and San Pedro have not received 88 million euros ” added Bernal.

In this sense, the leader of the socialists in Marbella has stressed that ” in our city, the board is fulfilling its obligations and has launched a plan exclusion worth over 700,000 euros “, adding that on the contrary municipal budgets reflect ” a decline in state transfers of 600,000 euros when the board, despite the cuts transfers remains the same for 2014, namely more than five million. ” the State Budget is not providing any financing for Marbella and San Pedro, and also the Marbella PP refuses to ask Rajoy to come and meet our city and to return the money that the Treasury will enter through fines imposed for corruption in the form of plans employment and investments, ” he concluded.

Spanish Online Business Growing

The Internet has become increasingly important for Spanish businesses, including SMEs and self-employed freelancers. Spanish entrepreneurs have a very clear view of the importance of Internet presence, an advantage that looks set to continue to grow, according to a recent study by Llorente & Cuenca, in collaboration with Hibu, to analyse the situation of SMEs and freelancers.

The main conclusion reached by the analysis is that the transition to the on-line environment is already under-way. In 2012 only 33% of businesses had a website, a percentage that has risen to 48% in the current year. If the study’s predictions are correct, then in 2014 63% of businesses will have their own corporate website.

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On-line sales in Spain are growing

21% of the SMEs and self-employed have a business which is exclusively online, i.e. without a physical store. This figure puts Spain on par with pioneers in the use of the Internet, such as the United Kingdom (36%) or the United States (21%).

El Economista reported that the main difficulties faced by SMEs and the self-employed in the management of the online stores, are data entry and updating content (16%), having the necessary skills to manage it well (11%), positioning on the Internet (8%) and management of shipments (6%).

Another conclusion is that there are still opportunities to be explored, especially in the field of e-commerce and social networking. Only 7% of SMEs and self-employed with Internet presence allow online payments, which limits, for example sales to abroad. In addition, only 2% so far are using tablets and smartphones to enhance their business benefits.

Facebook is the most used social network, with 37%. This is followed by Twitter (16%), LinkedIn (10%) and YouTube (9%). 71% check their profiles on these social networks, a percentage that has not changed over the previous year. 9% also have a corporate blog.

According to the study, SMEs and the self-employed are optimistic that the Internet offers great opportunities for them to increase the competitiveness of their business, and 71% believe that 2014 will be equal to or better than 2013. Only 20% believe it will be worse, which is much lower than the December 2012 figure, when 60% believed that this year would be worse.

Article source: Kyero.com

AVE Between Spain and France to Start on 15th December

In accordance with an agreement reached between the Prime Minister of Spain, Mariano Rajoy, and the French Prime Minister, Francois Hollande, at the 23rd Spain-France summit held at La Moncloa Palace last week, it has been confirmed that the AVE high speed train service will connect Spain and France for the first time on 15th December, when it will run between Barcelona and Paris.

Tickets for the direct AVE service between the two countries, which will link Barcelona and Paris in a journey time of six hours and twenty five minutes, went on sale last Thursday at a price of 170 euros, according to Renfe and the French railway operator SNCF.

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The Ave high speed train will travel between Spain and France

The two companies, which will together operate the service, are to launch an initial offer of two connections in each direction daily, linking Barcelona with the Parisian capital.

Departing from Spain, the train will leave Barcelona Sants station at 0920 and 1620 hours, arriving at Paris Gare de Lyon at 1553 and 2245 hours, respectively.

Likewise, the two daily connections between Paris and Barcelona will depart from the French capital at 0715 and 1407 hours and arrive in Barcelona at 1340 and 2040 hours, respectively.

Renfe and their French counterpart announced in a joint statement that in order to “compete directly with the plane and the bus,” they are to offer “dynamic and competitive prices”. The 170 euros price-tag of an economy class ticket, for example, can be reduced to as little as 59 euros after applying different discounts, said the operators.

Article source: Kyero.com

Tips to help sell your Spanish property

Here are some keys points to help you to sell your house to a foreigner, whether they are Russians or Chinese, French, British or German, foreigners really are encouraging the Spanish property market. Selling land to foreign investors is one of the best opportunities in the current market.

Although  purchase data shows prices are still far from the peak they reached in the boom years, foreign – resident and non – residents bought 12,070 homes in the third quarter of 2013, representing 17.2% of total operations in Spain.

However, selling a home to a foreign investor, whether resident or not, is not easy, although you the public must know how to reach them. Here are six points that can help you get it sold:

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Selling a property in Spain is not that easy

1 – . Think who may be interested in your house

Not everyone looks at things the same and sometimes the country of origin can give us clues, a large majority of foreign buyers, whether or not resident here maybe looking for a second home in coastal towns, scenic or tourist cities. However it is possible to find buyers seeking housing in a city for work as in the case of Chinese citizens.

2 – . Consult which nationalities are more interested in buying your Area

It is important to know that British buyers are still the biggest part of the market, but now buying more than ever are the Belgians, Dutch, French, Germans, Russians and North Africans, this means you have to be more select where to advertise your house, the wording of the advert and what languages to put the advert in.

3 – . Succeeds with language

Market your property to other nationalities and get a hint of possible languages ​​to write the ad, but it is also important to be well written in each of the languages ​​chosen, try not to do a quick translation,  if you do not speak the language well hire a reliable translation service.

4 – . Sell ‘ lifestyle ‘

Some buyers will buy a house on the coast due to sun, sea and Mediterranean climate and the location, a flat in Madrid will attract buyers that may prefer cultural and leisure activities, good communication , gastronomy and architecture. Find something that appeals to them and highlight the environment and what you can offer.

5 – . Well connected

To a foreign buyer this is vital, a citizen of another nation if buying a home here, whether a resident or not a  will probably travel with some regularity to your country, to visit yours, or receive visits,  if you highlight that you have a place  easy to travel to this it will be a big plus when it comes to selling.

6 – . Use the internet and social networking

Is one of the best ways to reach international audiences, think also to advertise to tourists who come to spend a few days and try to advertise on property portals to work with other countries.

If you are keen to sell your property on the Costa del Sol and want to appeal to foreign buyers contact us today to help get your property marketed and sold, with a network of over 300 agents we can help give you the exposure you need. Click the below link and send your details and we will contact you right away.

Sell your property