News and Newsletters

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Spanish Property Market Report July 08

The Spanish property market is suffering along with those of many western European countries. But what is really happening and how are regions such as Mallorca / Majorca doing?

Attached is a copy of our report that featured in the latest copy of the RICS Residential Property Journal.



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Grupo Drac, Mallorca's Largest Developer, Goes Into Administration

Grupo Drac and owner Vicente Grande, Mallorca's biggest property developer, sought protection from creditors this week in the biggest sign yet that the slowdown in the Mallorca property market is taking grip.

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European Inflation Hits 16 Year High

Eurozone inflation has been revised up to the highest level for 16 years and the European Central Bank's main concern now is that rising wage costs could add increasingly to the pressures created by soaring oil prices.

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Spanish Property & Economy Update

The Spanish business school presented last week it's annual report on the Spanish economy putting forward another downbeat view of life both generally and specifically for the Spanish property sector

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Deutsche Bank Spanish Housing Market Report

A recent report from Deutsche Bank on the Spanish housing market and economic out look highlights the risks of Spain moving into recession in 2009.

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Interest Rates Held On Inflation Fears

European Central Banks and the International Monetary Fund (IMF) joined in unison yesterday to highlight fears of inflation for global economic growth. Both the European Central Bank (ECB) and the Bank of England's Monetary Policy Committee (MPC) kept interest rates on hold in the face of persistent global inflationary pressures caused by soaring oil, commodity and food prices and the continued weakness of the dollar.

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