The Latest Spanish Property News

November 26th, 2014

According to a recent study carried out by independent consumer comparison website, Kelisto.es, at the end of 2014 the average price of a house in Spain will stand at around 157,717 euros, representing an increase of 1.4% compared to 2013, the first since the housing bubble burst in 2008. The study ...

Continue reading House Prices Will Stand Still Next Year then Fall Again Until 2019

November 25th, 2014

The Ministry of Industry, Energy and Tourism reported this week that, according to data collected by their tourism studies department, in the first ten months of this year the low cost airlines transported a total of 28.9 million passengers, which represents an increase of 10.3% over the same period of ...

Continue reading Budget Airlines Carried 29 Million Passengers to October

November 25th, 2014

The latest news release from the European Commission’s statistical office, Eurostat, reveals that Spain has become one of the main engines of construction activity in Europe. As has already been the case in several months of this year, production in Spanish construction (residential and civil engineering) was once again the ...

Continue reading Spanish Construction Activity Up 9.1% in September Y-o-Y

November 24th, 2014

The Spanish Government’s Ministry of Employment announced on Thursday last week that the number of foreign contributors to the Spanish Social Security system dropped by 15,382 in October, to a total of 1,566,953, representing a decline of -1% compared to the previous month, and pointed out that this is the ...

Continue reading Social Security Registers Drop in Foreign Contributors in October

November 24th, 2014

According to a recent report carried out by property portal, fotocasa.es, the average price of rental housing in Spain increased by 0.3% in October, compared to the previous month, bringing the price per square metre per month to 6.77 euros. In year-on-year terms, rental prices dropped by 2.8% in October, ...

Continue reading Home Rental Prices Rose by 0.3% in October

November 21st, 2014

The sixth edition of the Madrid Real Estate Fair (Salón de la Vivienda de Madrid) is to be held this weekend – 21st, 22nd and 23rd November – in Madrid's Vistalegre Palace, and will offer all types of housing over all different price ranges, with good financing conditions, for purchasing ...

Continue reading Madrid to Host Weekend Real Estate Fair

November 21st, 2014

The latest statistics from the Spanish Property Registrars show that a total of 79,561 home sales transactions were carried out in the third quarter of the year, which is an increase of 1.4% over the previous quarter, and significantly higher than the minimum recorded in the fourth quarter of 2013, ...

Continue reading Home Sales Increased by 1.4% in Q3 and Prices Remained Stable

November 20th, 2014

According to an Economically Active Population Survey (EAPS) carried out by the National Statistics Institute entitled “Wage Decile of the Main Job”, the Spanish regions of Madrid, the Basque country and Navarre were those with the highest salaries in 2013, compared with the national average, which stood at 1,869 euros. Data ...

Continue reading Average Wage in Spain Stood at 1,869 Euros in 2013

November 20th, 2014

In the third quarter of the year, home sales in Spain increased by 8.6% over the same period last year, while prices fell by an average of 4% in the same period, according to the latest data from the General Council of Notaries. In September alone, the volume of homes sold ...

Continue reading Spanish Home Sales Soared by 20.7% in September

November 19th, 2014

According to Eurostat’s flash estimate for the third quarter of the year, the gross domestic product (GDP) of the eurozone grew by 0.2%, compared with the rise of 0.1% in the previous three months, and 0.3% in the first quarter, which places Greece, Slovakia and Spain as the economies with ...

Continue reading Eurozone GDP Grew by 0.2% in Q3

November 19th, 2014

Following the publication on Thursday, of the National Statistics Institute’s latest Consumer Price Index results, El Mundo reported that the average price of rental housing in Spain fell by -0.7 percent in October, compared with the same month of 2013, thus accumulating 19 consecutive months of declines. The rate for ...

Continue reading Home Rental Prices Still Falling

November 18th, 2014

On 30th October the European Commission approved the Partnership Agreement 2014-2020 which reflects a joint effort by the European Commission and Spain, as a Member State, to achieve effective application of EU funding while seeking to meet the main objective of contributing to economic, social and territorial cohesion. The Spanish Government’s ...

Continue reading Spain to Receive 10.2 Billion Euros of EU Funding to Aid SMEs and Unemployment

November 18th, 2014

According to a report carried out by independent financial advisors, Arcano, entitled 'The Case for Spain III: Plus Ultra', the real estate sector and construction will be the engines of economic growth in Spain in 2015, as well as company and household financing. The fall in fuel prices could also boost ...

Continue reading Real Estate and Construction Will Boost Spain’s Economic Growth in 2015

November 17th, 2014

The latest informative bulletin published by the National Institute of Statistics, entitled 'Wages in Spain and the EU', notes that several of the countries that have no established minimum wage actually have much higher average salaries. In addition, the unemployment rate in these countries is lower than the average of ...

Continue reading Countries with No Minimum Wage Have Higher Salaries and Less Unemployment

November 17th, 2014

Madrid City Council has granted, so far in 2014, more licences for the construction of new homes than in the whole of 2013, which in the opinion of the municipal government indicates a "change in trend in the activity in the sector". Up until the end of October, a total of ...

Continue reading Madrid Grants 3,131 Permits for New Homes to October