The Latest Spanish Property News

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

November 14th, 2014

The number of new businesses formed in Spain in the ninth month of the year reached a total of 6,633, representing the best figure recorded in September since 2008, when 7,337 new entities were created. According to the Mercantile Companies Statistics published this week by the National Statistics Institute, the figure ...

Continue reading New Businesses Up 5.5% in September

November 14th, 2014

The price of housing in Spain is continuing to fall, according to the Tinsa General IMIE Index for October. This stood at 1,337 points, representing an annual decline of 4.2% and a return to price levels this indicator showed at the beginning of the summer of 2003. The pace of ...

Continue reading House Prices Fell by 4.2% in October Y-o-Y

November 13th, 2014

According to a report published this week by human resources company, Randstad, labour mobility, as measured according to a worker’s place of residence, fell in Spain in 2013 for the third consecutive year. In 2013, a total of 1,513,000 workers had changed their town of residence in the previous three years, ...

Continue reading Labour Mobility in Spain Declined in 2013 for Third Consecutive Year

November 13th, 2014

Provisional data for September on the transfer of property rights, published this week by the National Statistics Institute, show that home sales in Spain increased by 13.7% in September compared with the same month of 2013, to a total of 27,024 transactions, due to the strong rebound in the number ...

Continue reading Home Sales Rose by 13.7% in September Y-o-Y