 Daily news from the Canaries and the islands' biggest English language newspaper on-line  |  |  |     |
 News from the financial sectors in Spain and the Canary Islands INE Survey Spanish mortgage statistics The National Institute of Statistics (INE) recently revealed that the average mortgage in Spain during October of last year was 170,872 euros, a rise of 7.7 per cent when compared to the same period in 2006 and 2.5 per cent higher than the figures for September 2007.  The average mortgage interest rate in savings banks was found to be 4.78 per cent over 27 years, while banks charged 4.99 per cent over 26 years on average. The vast majority of people opted for a variable interest rate (97.6 per cent) when taking out their mortgage, just 2.4 per cent signed up for a fixed rate. Within the variables the Euribor was the most popular reference interest rate used at 89 per cent. La Rioja was found to have the biggest number of mortgaged properties at 642 per 100,000 inhabitants, the region also registered the biggest rises in property registrations. This was followed by the Balearic Islands at 596 per 100,000 inhabitants. The biggest mortgages were found to be in Madrid at 258,917 euros on average, followed by Aragon at 238,727 euros. Valencia came top for mortgage cancellations at 287 per 100,000 inhabitants, followed by Andalucia at 279.
| Canary Islands - 08.02.2012 - Yesterday's ugly scenes at Bilbao airport, where Ryanair boss Michael O'Leary had to be given a police escort after his provocation of former Spanair employees, prompted a furious reaction against the head of the airline by Canarian MP Ana Oramas. more... Las Palmas - 08.02.2012 - The snags preventing the release of tickets for the concert by rock legend Bruce Springsteen in Gran Canaria have now been resolved and the gig has been confirmed 100%, say the organisers. more... La Laguna - 07.02.2012 - A well-known Tenerife lawyer is the focus of police attention in a money-laundering and fraud investigation ordered by a La Laguna judge. more... Canary Islands - 07.02.2012 - Relations between the Canarian government and the new Spanish government sank further yesterday when the region's tourism minister was apparently snubbed by his national counterpart. more... Canary Islands - 07.02.2012 - Two Britons who had to be rescued again after getting into trouble on their bid to cross the Atlantic in a pedal boat could face a hefty fine for the latest mobilisation of air and sea rescue resources. more...    Banish the blues They tell us that this is one of the most depressing times of the year more...   | Elektrische Zigarette Neue Geschmacksrichtungen als gefüllte Depots für die Elektrische Zigarette www.elektrische-zigarette.eu Holiday car Tenerife We have been in the rent a car business since 1976 in Tenerife. Our experience - your advantage. www.hermanns-cars.com Electronic Cigarette The Electronic Cigarette SLIM is recommended for smokers with few consume, occasional smokers and to go. www.liquid-shop.eu Real Estate Tenerife Tenerife Real Estate is your partner on Tenerife for penthouses, properties, fincas or business-pubs for the purchase and sale of villas, chalets, houses, appartements. www.teneriffa-immobilien.es ic media group |
