The Latest Spanish Property News

October 23rd, 2014

Passenger car registrations in the European Union in September grew by 6.4% compared with a year earlier, to reach a total of 1,235,501, according to the latest data released by the Association of European Automobile Manufacturers (ACEA). This is the thirteenth consecutive increase registered, and represents an accumulated increase for the ...

Continue reading Spain No. 1 for European Car Registrations

October 23rd, 2014

The price of housing in Spain is still above the historical average, according to the House Price-to-Income ratio used by the International Monetary Fund in their quarterly Global Housing Watch report. According to this ratio (updated to the second quarter of 2014), the price of housing in Spain stands at 15% ...

Continue reading Housing in Spain Still Expensive in Relation to Earnings

October 22nd, 2014

Long term unemployment in Spain increased at double the rate of the EU-28 between 2010 and 2013, according to a recent report from the Institute of Economic Studies (IEE). Thus, in 2013, Spain registered a long term unemployment rate (of more than a year duration) of 49.7%, following growth of ...

Continue reading Spanish Long Term Unemployment was 49.7% in 2013

October 22nd, 2014

A 20 mile trip could save you 20% on property prices - Menorca property prices just 77% those of Mallorca (Kyero) - Spanish property 41.8% cheaper than in 2007 (Tinsa) - Property sales rose 10.7% in July (National Statistics Institute) When it comes to the Balearics, there are some striking similarities between the islands' ...

Continue reading Menorca vs Mallorca

October 22nd, 2014

The latest production data for the Spanish construction sector shows strong growth. According to figures published by the EU statistics office, Eurostat, the construction production in Spain climbed by 22% year-on-year in August – the second highest result after the 27.6% registered for Slovenia -  and by 2.7% month-on-month, representing ...

Continue reading Spanish Construction Activity Up 22% Y-o-Y in August

October 21st, 2014

In the first eight months of 2014, exports of Spanish goods grew by 0.9% year-on-year to 157.19 billion euros, which is the highest figure since records began in 1971. In real terms, growth was even higher, at 1.9%, since export prices measured using Unit Value Indices (UVIs) fell by 1%. ​The ...

Continue reading Spanish Exports Highest Since 1971

October 21st, 2014

The various organisations’ statistics on housing values in Spain continues to confuse as, over the last week, the Sociedad de Tasación, Tecnocasa or Eurostat have talked about either a stagnation in housing prices or even increases. However, according to the appraisal company Tinsa’s latest IMIE Index, the average price of ...

Continue reading House Prices Down 4.2% in September

October 20th, 2014

According to the World Wealth Report, prepared by Credit Suisse, the number of people in Spain with a net worth of at least one million dollars (740,000 euros) experienced a strong increase, of 24%, between mid-2013 and the first half of 2014, to reach a total of 465,000, which is ...

Continue reading 465,000 Spanish Millionaires

October 20th, 2014

The latest statistics released by the General Council of Notaries for August, based on actual transactions closed during that period, show a new surge in real estate activity in Spain, with the number of housing transactions carried out reaching a total of 17,045, which is an increase of 13.9% over ...

Continue reading Home Sales Up, Prices Down in August

October 17th, 2014

The Consumer Price Index (CPI) rose by 0.2% in September compared to August, and increased by three tenths year-on-year, to -0.2%, due to higher prices of electricity, food and non-alcoholic beverages, especially fresh fruits and vegetables, the National Statistics Institute reported on Tuesday, thus confirming the year-on-year data estimates published ...

Continue reading Annual Inflation -0.2% in September

October 17th, 2014

According to a recent report from real estate intermediation company, Tecnocasa, based on purchases that they have brokered, property price reductions have come to an end, at least where second hand homes in the city of Madrid are concerned. They reported that the average price of second hand property in ...

Continue reading Anchor Drops on Madrid Housing Prices

October 16th, 2014

Of the 139,934 periods of maternity leave granted in Spain in the first six months of the year, only 2,446 were taken by fathers, despite since 2007 both parents being permitted to share this leave. Thus, up to the end of June, leave shared by fathers accounted for only 1.75% ...

Continue reading Paternity Leave Claimed by 1.75% of Fathers

October 16th, 2014

According to a recent press release from the European Union statistical office, Eurostat, the price of housing in Spain rose by 0.8% in the second quarter of 2014 compared to the same period last year, which is well behind countries such as Estonia, Ireland and the UK, where the prices ...

Continue reading Q2 Spanish House Prices Up 0.8% YoY

October 15th, 2014

According to a study by multi-specialist recruitment consultancy, Randstad, prepared from more than 15,000 interviews with employed professionals in over 30 countries, 40% of Spanish employees hope to find a new job in the next six months, which is up slightly from the percentage registered a year earlier. Despite the positive ...

Continue reading 40% of Spaniards Want to Change Jobs

October 15th, 2014

The average price of second hand housing in Spain stood at 1,647 euros per square metre in the third quarter of the year, which is 0.5% less than the previous quarter, and the lowest decline registered since the first quarter of 2010, according to a recent report by property portal, ...

Continue reading Q3 Home Resale Prices Softening