Property advert in Monarch in-flight magazine
Los Arqueros Estates has started advertising regularly in the Monarch inflight magazine. Our latest advert can be seen amongst many other marketing examples on this page: http://www.losarquerosestates.com/edito ... hp?lang=en
. We are committed to giving the best exposure to your property and we continuously look for new avenues to increase the visibility of the properties listed with us.
With today's foreign exchange close the Euro breaks all records for consecutive days of higher closing against the US dollar: 21 so far. This is just one of many indications of the currency wars now happening accross the globe, where each country considers the strength of its currency as an obstacle to growth. As far as spanish property owners are concerned, the new highs for the euro against the dollar seem to be sustainable till the end of the year, especially if the so-called "QE2" plan of the US to provide further easing actually takes place. But the british pound rate is a bit trickier to predict, as the budget cuts will probably lead to some strengthening, but perhaps not so much as to counteract the euro's strength (eurozone being a net creditor). In any case, the recent run up is unprecedented and caution is advised if you are relying on the current highs for your transactions.
BBVA: impact of VAT increase minimal
Analysts from BBVA stated that the impact of the recent VAT increase in Spain and the 5% reduction in salaries of public employees has not impacted the economy as much as feared. Instead, it estimates that foreign inflows will more than compensate, to reach a GDP growth of around 0.1% in the third quarter. Even though this is nothing to write home about, it does give soime stability to the Spanish economy.
Certain control towers in small airports in Spain will now be operated via software and will be without personnel. This follows the recent disputes of air traffic controllers with the goverment over excessive salary accusations. We have confirmed that Malaga airport will be as staffed as ever, so just switch your holiday destination to Los Arqueros and you'll be fine!
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The economic recovery in Spain continues to be tepid with a 0.2% increase in GDP in the second quarter. This came on the heels of a 0.1% increase in the first 3 months of 2010. It looks like Europe's 5th largest economy is slowly coming out of its worst recession in years, however it still constitutes around 2.6% of the world economy according to the World Bank, which means that in percentage terms it occupies the same significant place.