The Latest Spanish Property News

August 27th, 2014

In the first seven months of the year, Spain received 36.3 million international tourists, representing an increase of 7% over the same period of 2013, according to the latest Frontur tourist border movement survey, published on Friday by the Ministry of Industry, Energy and Tourism. This increased influx of tourists comes ...

Continue reading Spain Received 36.3 Million International Tourists through to July

August 27th, 2014

Although the number of companies in bankruptcy in Spain fell by 30% in the second quarter of this year, compared with last year, 25% were construction companies and, according to the National Statistics Institute’s data, the construction sector has led the bankruptcies in Spain since 2008. More than a quarter of ...

Continue reading Construction Sector Leader in Spain Bankruptcies Since 2008

August 26th, 2014

The number of foreign contributors to the Spanish Social Security system stood at a total of 1,600,764 people in July, representing a decline of 8,913 workers (-0.55%) compared to the previous month, despite Spain’s good employment figures for July when an additional 62,000 contributors were registered in the system. According to ...

Continue reading Social Security Loses 8,913 Foreign Contributors in July

August 26th, 2014

Early estimates published last week by the EU statistics office, Eurostat, indicate that, in the second quarter of the year, Spain was the European Union (EU) country where construction output rose most, after registering an increase of 7.0%. Spain was also the fourth country in the EU with the largest year-on-year ...

Continue reading Spain Leads European Construction Growth in Second Quarter

August 26th, 2014

The Most Popular Spanish Properties for Sale The Most Popular Spanish Rental Properties Spain Leads European Construction Growth in Second Quarter ITVs More Costly Depending on the Region Spain Still Selling Mortgages with Controversial Ground Clause 50 Euro Social Security Flat Rate Boosts New Start-Ups Valencia Region has Largest Stock of Unsold Homes Hotel Prices Up 8.3% ...

Continue reading Property Pulse Issue 495 – 26th August, 2014

August 25th, 2014

The price of the Technical Vehicle Inspection (ITV) in Spain varies by up to 113% for diesel vehicles according to the region in which it is carried out, according to a study by Facua-Consumers in Action, which shows that Castilla y León has the highest prices. The results of the study ...

Continue reading ITVs More Costly Depending on the Region

August 25th, 2014

Only five eurozone countries continue to market mortgages containing the ground clause, a provision that prevents the consumer from taking advantage of decreases in the Euribor. According to a study prepared by the independent consumer comparison website, Kelisto.es, these countries are Spain, Belgium, France, Italy and Portugal. The portal reminded that ...

Continue reading Spain Still Selling Mortgages with Controversial Ground Clause

August 22nd, 2014

The Ministry of Employment and Social Security has reported that the 50 euros flat rate social security contribution for new self-employed persons implemented last year, has so far encouraged a total of 267,964 new entrepreneurs to register in the Spanish Social Security system. Andalusia, Catalonia and Madrid are the regions where ...

Continue reading 50 Euro Social Security Flat Rate Boosts New Start-Ups

August 22nd, 2014

The IPE Institute’s real estate pulsometer estimates that the stock of unsold homes in Spain will reach a total of 652,000 in 2014, which is an increase of 14.8% over the previous year. Since 2010, the surplus of unsold homes has fallen by only 290,000 homes. The regions with the largest ...

Continue reading Valencia Region has Largest Stock of Unsold Homes

August 21st, 2014

The price of hotels and other accommodation increased by 8.3% in July, compared to the 8.9% increase registered in the same month last year, according to the Consumer Price Index (CPI). The statistics, published by the National Statistics Institute, showed that in annual terms the price of hotels and other accommodation ...

Continue reading Hotel Prices Up 8.3% in July

August 21st, 2014

The Sareb (Company for the Management of Assets proceeding from Restructuring of the Banking System) closed the first half of 2014 with revenues of 1,696 million euros. Of this, 74% comes from the management and sale of financial assets and the remaining 26% from real estate assets, according to information provided ...

Continue reading The Sareb Sold 8,104 Properties to June

August 20th, 2014

According to data released on Monday from the tourism studies section of the Ministry of Industry, Energy and Tourism, in the first seven months of the year the low cost airlines carried 18.3 million passengers, which represents an increase of 10% over the same period last year. In contrast, the traditional ...

Continue reading Low Cost Airlines Transported 18.3 Million Passengers to July

August 20th, 2014

Housing rental prices fell by 0.8% in July 2014, the same decline they experienced a month earlier, and half a point higher than the overall rate, which stood at -0.3%, according to the latest data published by the National Statistics Institute. By region, the most significant decreases were registered in: Navarra ...

Continue reading Rents Fell Another 0.8% in July

August 19th, 2014

Nautical tourism is regaining its popularity in the ports on the Malaga coast. The average annual occupancy rate in the 11 ports that dot the coast is far from the 100% these facilities experienced seven years ago, but the sector’s data indicates a rebound in activity, to the extent that ...

Continue reading Malaga Ports Note Rise in Nautical Tourism

August 19th, 2014

In last week's Spanish property news, prices are down and sales are up. Property sales that completed in June were up by more than 16 percent, while prices fell by a further 4 percent compared to 2013. This continues a lessening curve that favours well with the start of the year, ...

Continue reading Property Pulse Issue 494 – 19th August, 2014