The Latest Spanish Property News

December 17th, 2014

The European Commission statistical office, Eurostat, reported that employment rose by 0.2% in the eurozone and by 0.3% in the European Union (EU) between July and September, compared with the previous quarter. In the second quarter of the year, employment had risen by 0.3% in both the eurozone and in the ...

Continue reading Eurozone Employment Increased by 0.2% in the Third Quarter

December 17th, 2014

According to the Consumer Price Index (CPI) for November, published on Friday by the National Statistics Institute, the average price of rental housing in Spain dropped by 0.7% in November, over the same month of 2013, slightly greater than the decline in the general CPI, which fell by 0.4%. With this ...

Continue reading Home Rental Prices Fall for 20th Consecutive Month

December 16th, 2014

According to data from the holiday rental platform, HomeAway, based on enquiries received during 2014 for property rentals between 20th December to 7th January, the demand for holiday home rentals over the Christmas period in national and international destinations has increased by 19%. Destinations within Spain account for 41% of the ...

Continue reading Christmas Holiday Rental Demand Increases

December 16th, 2014

Home sales in Spain increased by 13.5% in the third quarter of the year, compared with the same period in 2013, accumulating a third consecutive quarter of positive results, according to the Ministry of Development’s data published in a press release last Thursday, the same day the National Statistics Institute ...

Continue reading Home Sales Up 13% in Q3

December 15th, 2014

The Foundation of Savings Banks (Funcas) has raised its economic forecasts for Spain, for both this year and next. The lowering of interest rates following additional stimulation measures adopted by the European Central Bank, the steep drop in fuel prices and the reduction of personal income tax, are some of ...

Continue reading Funcas Estimates Growth for Spanish Economy of 2.4% in 2015

December 15th, 2014

As a result of the sharp rise in the number of second-hand property transactions, sales of homes in Spain increased by 16% in October, compared to the same month of 2013, reaching a total of 26,468 transactions, according to the latest figures published by the National Statistics Institute, based on ...

Continue reading Home Sales Registered 16% Increase in October

December 12th, 2014

A total of 7,983 new companies were created in Spain in October, according to the latest figures from the National Statistics Institute, which represents an increase of 2.9% over the same month of 2013, and two consecutive months of rises after five months of negative rates. The capital subscribed for the ...

Continue reading 7,983 New Companies Created in October

December 12th, 2014

According to real estate appraiser Tinsa’s General IMIE index, housing prices in Spain broke the tendency towards stabilisation they have been demonstrating in recent months, and stood at 1,316 points in November, which represents a year-on-year fall of 6.3%, more than two points over the 4.2% year-on-year decline registered in ...

Continue reading November House Prices Register Y-o-Y Decline of 6.3%

December 11th, 2014

According to a study carried out by HR Consultants, Randstad, which analyses the evolution of foreign professionals in Spain and their situation in the labour market, the number of foreign employees in the country has declined in the past four years and the labour market has lost more than 308,000 ...

Continue reading Number of Foreign Workers in Spain Has Fallen 17% Since 2010

December 11th, 2014

The price of housing in Spain registered another rise in the third quarter of the year, with the value increasing by 0.3% compared to the same period in 2013, and accumulated two consecutive quarters of increases, following the 0.8% increase registered between April and June, which was the first year-on-year ...

Continue reading Price of Housing Rises for Second Consecutive Quarter

December 10th, 2014

Hotel prices in December this year are around 8% more expensive than last year, standing at an average of 90 euros per night, according to the latest trivago Hotel Price Index (tHPI), which also indicated that these prices are nevertheless 1% cheaper than in the month of November. The Index noted ...

Continue reading December Hotel Prices up 8% Over Last Year

December 10th, 2014

According to the monthly report on selling prices published by the real estate portal, www.pisos.com, second hand housing in Spain registered an average price of 1,569 euros per square metre in November 2014. Compared with the same month of last year, this represents a decline of -7.93%, while month-on-month, prices ...

Continue reading Second Hand Housing Prices Fell by 7.93% in November Y-o-Y

December 9th, 2014

According to the final agreement reached between the Governments and the European Parliament, car manufacturers will be required to introduce the automatic emergency call system (eCall) on all new cars from 31st March 2018. This is two and a half years later than the initial date proposed by the European ...

Continue reading New Cars to Have Automatic Emergency Call System from 2018

December 9th, 2014

According to official statistics, the price of housing is continuing to fall in most Spanish cities. However, in the current economic climate, the financial effort required to purchase a home is still very high and, according to a study carried out by property portal, idealista.com, using Fedea’s data on personal ...

Continue reading Financial Effort Required to Buy a Home Remains High

December 8th, 2014

According to the second estimate published on Friday by Eurostat, which is in line with Bloomberg’s expectations and confirms the preliminary data published on 14th November, the gross domestic product (GDP) in the eurozone grew in the third quarter of the year by 0.2%, compared with 0.1% in the previous ...

Continue reading Eurozone GDP Rose by 0.2% in Q3