The Latest Spanish Property News

July 28th, 2014

According to the latest Frontur Inbound Tourism Survey results, released by the Ministry of Industry, Energy and Tourism, Spain posted a new record for the first half of this year with a total of 28 million inbound tourists, representing an increase of 7.3% over the same period of 2013. Between January ...

Continue reading Spain Received Record 28 Million International Tourists to June

July 28th, 2014

Around half a million new homes per year were added to the official housing statistics from 2001 to 2009, but since 2010 the increase in new homes has moderated every year and, according to recent data released by the Ministry of Development, the total housing stock in Spain stood at ...

Continue reading Spain Registers 0.23% Increase in Housing Stock in 2013

July 25th, 2014

The number of passengers who travelled on Renfe’s AVE Long Distance rail service in the first half of the year rose by 20.3%, compared with the same period last year, reaching a total of 8.58 million passengers. In the case of the Long Distance trains, passenger numbers increased by 5.4% ...

Continue reading Renfe Reports AVE Passenger Numbers Up 20.3% to June

July 25th, 2014

Tinsa’s IMIE Local Markets index for the second quarter of 2014 confirms that the stabilisation of property prices which began in 2013 is continuing. The report shows an average decline in prices of 3.9% for the country as a whole, compared to same period in 2013, which is more moderate ...

Continue reading Two Regions Register House Price Increases First Time Since 2008

July 24th, 2014

Only 36% of Spanish families went on holiday in 2013, which is 4% less than in 2012, while the average expenditure per family was around 1,000 euros, according to the results of a study carried out by AIS Consulting Group. The number of Spanish families who earmark part of their budget ...

Continue reading Only 36% of Spanish Families Went on Holiday in 2013

July 24th, 2014

The interest of international and institutional investors in the Spanish commercial real estate market has hit a new post-crisis record. With nearly 2,500 million euros in the first half of 2014, investment grew by 110%, according to data from consultancy firm BNP Paribas Real Estate. The interest of these foreign ...

Continue reading Commercial Real Estate Investment in Spain Reaches Post-Crisis Highs

July 23rd, 2014

The services sector in Spain recorded an increase in turnover of 2.1% in May, compared to the same month of 2013, thus accumulating nine consecutive months of year-on-year increases, according to provisional data published last week by the National Statistics Institute. The year-on-year increase registered in May is two tenths higher ...

Continue reading Services Sector Turnover Rose 2.1% in May Accelerating Job Creation

July 23rd, 2014

According to data from the EU statistics office, Eurostat, the Spanish construction sector is once again looking buoyant, as the production in this sector registered an increase of 42.4% year-on-year in May, the highest percentage in Europe. This percentage is well above the increases registered for the eurozone (3.5%) and ...

Continue reading Spanish Construction Sector Fastest Growing in Europe

July 22nd, 2014

Speaking at an event organised by the Chambers of Commerce of Andalusia, the President of the Spanish Government, Mariano Rajoy, maintained that the fiscal consolidation and structural reform policies implemented by the Government, together with the strengths of the Spanish economy, have enabled Spain to return to growth and job ...

Continue reading Rajoy Reiterates Success of Structural Reforms and Commitment to SMEs

July 22nd, 2014

According to the Spanish Real Estate Situation report published by independent property value experts, Euroval, only 30% of the homes currently purchased in Spain are made with a mortgage, and 70% are financed without a mortgage or paid in cash, which is quite a contrast with the data which recorded ...

Continue reading 70% of Homes Bought in Spain are Without a Mortgage

July 22nd, 2014

The Most Popular Spanish Properties for Sale The Most Popular Spanish Rental Properties Rajoy Reiterates Success of Structural Reforms and Commitment to SMEs 70% of Homes Bought in Spain are Without a Mortgage Number of Unemployed Not Looking for Work Rose to 5% in 2013 Spanish Construction Sector Sees Fastest Growth in Europe 25% of New ...

Continue reading Property Pulse Issue 490 – 22nd July, 2014

July 21st, 2014

The number of unemployed in Spain who, discouraged by the lack of economic expectations, gave up actively searching for a job, increased in 2013 to 5%, which is 1.7 percentage points higher than at the start of the crisis, according to an analysis prepared by the Institute of Economic Studies ...

Continue reading Number of Unemployed Not Looking for Work Rose to 5% in 2013

July 21st, 2014

For the first time since the crisis erupted back in 2008, official statistics are beginning to show signs of improvement in the Spanish business sector. So far this year, the census of companies, which is controlled by the Social Security, has seen an increase of more than 45,000 companies, representing ...

Continue reading 25% of New Spanish Companies are in Real Estate or Construction

July 18th, 2014

According to projections contained in the Coyuntur report for the second quarter of 2014, prepared by the Ministry of Industry, Energy and Tourism, Spain will receive 22.7 million international tourists in the third quarter of the year, coinciding with the summer months, which is an estimated increase of 1.7% compared ...

Continue reading 22.7 Million International Tourists Expected in Spain This Summer

July 18th, 2014

According to the latest data from the General Council of Notaries, home sales rose year-on-year again in May, by 1.4%, to 29,966 transactions, which is slightly lower than the April figure, when more than 30,000 transactions were registered and the increase exceeded 11%. The Notaries explained the rebound in home sales ...

Continue reading Home Purchases Grew by 1.4% in May Year-on-Year