The Latest Spanish Property News

August 4th, 2015

According to a study by Spanish real estate portal, fotocasa, and the employment website, Infojobs, Spaniards would need to allocate an average of 5.5 full years of their wages to pay for an average-sized home. The study’s data, which was obtained by calculating the relationship between the average Spanish salary (taken ...

Continue reading Spaniards Need 5.5 Years’ Salary to Buy a Home

August 3rd, 2015

Last week at the Barcelona-El Prat Airport, Spain’s Minister for Home Affairs, Jorge Fernández Díaz, officially inaugurated the new Smart Borders System, installed to speed up passenger border crossings. The Spanish Government website, La Moncloa, reported that the Automated Border Crossing System (ABC), forms part of the Smart Borders Programme which ...

Continue reading Barcelona Airport Introduces Automated Border Crossing System

August 3rd, 2015

According to their latest half-yearly report on the Spanish real estate market, Bankinter estimates that average house prices in Spain will pick up gradually, increasing by around 2% during this year, and by 4% in 2016 in selective locations, contributing to the sector’s recovery, marked also by the increase in ...

Continue reading Bankinter Forecasts Recovery of Spanish House Prices

July 31st, 2015

According to the latest Familitur residents tourism survey published for the first time this week by the National Statistics Institute, residents in Spain made a total of 32.7 million trips in the first quarter of 2015, 44% of which were to visit family or friends, 37.7% were for leisure, 13.6% ...

Continue reading Spaniards Took 32.7 Million Trips in Q1

July 31st, 2015

The Spanish National Statistics Institute reported earlier this week that, according to data from property transactions carried out in previous months, the number of new mortgages constituted on homes listed in the property registers reached a total of 19,732 in May, which represents an increase of 10.9% over the figure ...

Continue reading Home Mortgages Rose by 10.9% in May

July 30th, 2015

In the first half of this year, Spain registered a new record for international tourists’ spending, which reached 28,287 million euros, representing an increase of 7.4% over the same period of 2014. An increase was also recorded in the average daily expenditure, of 4.2%, while the average expenditure per tourist rose ...

Continue reading Foreign Tourists Spent Record 28,287 Million Euros to June

July 30th, 2015

Between January and March of this year, foreign residents in Spain carried out real estate transactions with a value amounting to 1,887.1 million euros, representing 17.9% of the housing investment total, which came to 10,540.6 million euros in the first quarter. According to data from the Ministry of Public Works, this ...

Continue reading Foreign Investment in Housing Fell by 2% in Q1

July 29th, 2015

According to data released last week by the National Statistics Institute, some 32 million overnight stays were recorded in Spanish hotels in June, representing an increase of 1.6% over the same month of 2014, while the average length of stay fell by 2.7% and stood at 3.4 nights per traveller. The ...

Continue reading Overnight Hotel Stays Up 1.6% in June

July 29th, 2015

A recent report published by property portal, idealista.com, reveals that investing in real estate in Spain, in any of the products they analysed, offers a greater return than that registered 12 months ago, with even the lowest returns offering double the profitability of the 10 year State bonds (2%). According to ...

Continue reading Real Estate Investment Revenues Rise

July 28th, 2015

A total of 295,600 less people were registered unemployed in Spain in the second quarter of the year, over the previous quarter, representing a reduction of 5.4%. According to data from the Active Population Survey (EPA) published last week by the Spanish National Statistics Institute, this is the second biggest ...

Continue reading Unemployment Fell by 5.4% in Q2

July 28th, 2015

Real estate 'crowdfunding' is beginning to take off in Spain, where anyone can invest in housing through the Internet from as little as 500 euros. According to an article published by property portal, idealista.com, there are currently at least three of these types of project in operation which are offering ...

Continue reading Real Estate ‘Crowdfunding’ Comes to Spain

July 27th, 2015

In the first six months of the year Spain received a record 29.2 million international tourists, which represents an increase of 4.2% over the same period of 2014, and around 1.2 million additional visitors. According to data from the Frontur tourist border movements survey, released last week by Spain’s Ministry ...

Continue reading Spain Received Record 29.2 Million Tourists to June

July 27th, 2015

Production in the construction sector in Spain fell by 0.4% in May, compared with the previous month, when it increased by 1.6%, according to the latest data published by the European Commission statistical office, Eurostat, which places Spain behind the figures recorded for the whole of the eurozone, which registered ...

Continue reading Construction Activity Slows in Spain

July 24th, 2015

Spain’s Social Security system gained an additional 4,882 foreign contributors in June, which is an increase of 0.29% over the previous month, placing the number of foreign contributors to the system at 1,668,099, the Ministry of Employment reported earlier this week. With the June figure, the foreign affiliation to the Spanish ...

Continue reading Foreign Contributors to Social Security System Up 4,882 in June

July 24th, 2015

The price of rental housing in Spain increased by 1.5% during the second quarter of 2015, placing the price per square metre at 7.2 euros per month, according to the latest analysis from property portal, idealista.com, which points out that, in year-on-year terms, rental prices have increased by 5%. According to ...

Continue reading Rental Housing Prices Up 1.5% in Q2