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KFA Global is a General Blog with a difference. we write about anything and everything going on in the world. If its newsworthy or not then we will probably have an opinion. From Spanish Property for sale to American Life, at KFA we like to think we provide concise, up to date information through informative, researched articles.
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Costa Blanca Property Market Stalls On Exchange Rate Strength
Home Loan News - Mortgage Company In Need of Refinance
Autos
The Automotive Industry is ever-changing. Cars, Trucks…all shapes and sizes of autos and auto related topics are covered here.
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The Future of Car Hire - Cutting-Edge Technologies Applied to Car Hire Industry
The world of Business, B2B, business marketing, ideas, in fact anything related to the world of Business. Money may make the world go round but its business that provides the fuel!
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Spanish Property
One of our niche markets is Spanish Property. With over 12 million visitors to Spain each year from the UK and 500,000 ex-pat residents, the property market in Spain and Spanish rental market is of keen interest to thousands of investors, residents and those to dream to move to the sun.
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Exchange Rates Hit Properties in Spain Sales
If it wasn’t bad enough that a global credit crunch, followed by a UK minor banking wobble followed by…do I need to go on..then the property market in Spain is sitting at the bar listening to John Lee Hooker supping on its twentieth shot Jonny Black.
Properties in Spain have had a rough ride over the past three years following a five year ascendency that saw prices rise by 300 - 400 %. A correction most would say in hindsight, was inevitable. But the length of time that the market has now been ’sitting at the bar’ could never have been predicted. One global issue after another has piled on the misery to the point that nothing seems to suprise any more.
The latest nail in the proverbial has been the ascendancy in the value of the Euro, which combined with ever decreasing strength in the dollar has sent the more important rate against the pound close to a high. Gone are those sceptics that professed the demise of the new currency a few years ago when it was launched.
The main effect to the Spanish property market has been to see the drop in villa prices that has occurred over the past twelve months to create a bounce in the market to have been nullified. The increases that were seen in interest in January have not materialised into purchases as investors and holiday home buyers wait for their pound to give them back the purchasing power that they had expected when they did their original calculations on moving to the sun.
In a month or two things will only get worse. With millions of brits booking their summer vacations on the continent, the months of may to September are historically strong for the Euro as demand for the currency deals with the foreign exchange needs of the public.
Some good news is required to get things going again globally…lets hope it happens before November.
I say November because the election of a new president…whomever they choose, normally produces a bounce in the step of the largest economy in the world and whose ripple effect may help all things globally. Otherwise the Spanish market may stay suffering with a summer of more than just blue skies!
Villa Rentals in Costa Blanca
Lake Vinuela - The Axarquia Region of Andalucia
The pursuit of dreamers. Travel these days is truly global. It is nothing to vacation from Thailand to Vietnam and the wek-end jaunt to Prague and Budapest are as common as Spain. We will try to cover as many interesting countries and places as we can..suggestions always welcome
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