The Latest Spanish Property News

April 21st, 2014

Andalucía (with a rate of 36.3%), Ceuta (35.6%), Melilla (34.4%), the Canary Islands (34.1%) and Extremadura (33.7%), were the top five regions in the EU in 2013 with most unemployment, according to a report released this week by the European Commission statistics office, Eurostat. Also in the first ten positions ...

Continue reading Seven of Ten EU Regions with Highest Unemployment are Spanish

April 21st, 2014

The housing market appears to be entering a new phase after several years of depression. According to the latest statistics from the General Council of Notaries, based on actual transactions, the number of home sales in February rose by 39.8%, to 26,602 transactions, compared to the same month of 2013. ...

Continue reading Home Sales On the Increase

April 18th, 2014

Over Semana Santa (Easter holiday week) and the May bank holiday more than 350,000 temporary employment contracts are expected to be generated in Spain, according to forecasts from human resources company, Randstad. The regions of Catalonia, Madrid, Murcia and Andalusia are predicted to register the highest number of contracts in ...

Continue reading 350,000 Temporary Contracts Expected Over Easter and May Holidays

April 18th, 2014

Stability in the real estate market appears to be getting closer every day, at least in respect to residential construction. This is evidenced by data from the Ministry of Development which shows that 4,735 properties were completed during the first month of 2014, which is virtually the same figure as ...

Continue reading Number of Completed Homes Finally Showing Signs of Stabilisation

April 17th, 2014

The credit granted in Spain by banks to households and businesses fell last year by 9.5%, to 1.4 billion euros, but in some regions, such as Catalonia, Navarra and Galicia, this decrease was less pronounced. Specifically, according to data compiled by the Spanish international news agency, Efe, the volume of loans ...

Continue reading In 2013 Credit Fell Least in Catalonia, Galicia and Navarra

April 17th, 2014

The volume of foreign investment in real estate in Spain rose in 2013 for the fourth consecutive year, to a total of 6,453 million euros, the highest amount recorded in the last nine years, and 16% higher than a year earlier. The increase in funds allocated to purchasing property in Spain ...

Continue reading Foreign Real Estate Investment in 2013 Highest in 9 Years

April 16th, 2014

According to data from the Spanish Ports of State, the number of cruise passengers docking at Spanish ports surged by 39.62% in the first two months of the year, to a total of 838,117 cruise passengers. In February, the Spanish ports received a total of 382 vessels, an increase of 19.38%, ...

Continue reading Spain Receives 40% More Cruise Passengers to February

April 16th, 2014

In the fourth quarter of 2013, the price of housing in the eurozone experienced a decrease of 1.4% over the same period of 2012, according to the harmonised index data published by Eurostat, which places Cyprus and Spain as the countries where prices fell most, with declines of 9.4% and ...

Continue reading Cyprus and Spain Lead Eurozone House Price Decline

April 15th, 2014

A total of 10.1 million foreign tourists visited Spain during the first quarter of 2014, representing an increase of 7.9% over the same period of 2013. This is according to data published in the Coyuntur report last week by the Ministry of Industry, Energy and Tourism, which confirmed the upward ...

Continue reading Foreign Tourist Arrivals Grew by 7.9% in First Quarter of 2014

April 15th, 2014

The Most Popular Spanish Properties for Sale The Most Popular Spanish Rental Properties Homes Sales Down 27.6% in February Home Rental Prices Stable in Q1 Tinsa Estimates House Prices Fell by 5.5% in March Valencia Leads in Home Sales to Foreigners House Prices Have Fallen by 47% Since 2007 In this week's Spanish property news, the region ...

Continue reading Property Pulse Issue 476 – 15th April, 2014

April 15th, 2014

According to the latest data published by the National Statistics Institute, the sale of homes in Spain fell by a further 27.6% in February compared with the same month in 2013, to a total of 25,717 closed transactions. This decline was more than four points higher than January, when housing ...

Continue reading Homes Sales Down 27.6% in February

April 14th, 2014

The Spanish online holiday rental portal, HomeAway, carried out a study to forecast the demand for holiday rental accommodation ahead of the Easter holidays and, according to their data, it has increased by 46% compared to 2013 at national level, and 11% at international level. The length of stay has ...

Continue reading Demand for Easter Holiday Rental Accommodation Up 46%

April 14th, 2014

The price of rental housing in Spain at the end of March reached an average of 618 euros per month, which represents a drop of 4.86% compared to March last year, but an increase of 0.36% compared to February, and of 0.01% over the end of the last quarter of ...

Continue reading Home Rental Prices Stable in Q1

April 11th, 2014

The International Monetary Fund (IMF) has improved its growth forecast for the Spanish economy in 2014 by three tenths more than their previous forecast, and by two tenths more in 2015, to 0.9% and 1% respectively, as published in their 'World Economic Outlook' report, which also notes a more positive ...

Continue reading IMF Improves Forecast for Growth and Unemployment in Spain

April 11th, 2014

The Spanish Real Estate Market Index (IMIE) used by the real estate appraiser, Tinsa, to analyse housing prices in Spain, registered a year-on-year decline of 5.5% in March. According to their data, the descent moderated in the third month of the year placing the index at 1376 points, a value ...

Continue reading Tinsa Estimates House Prices Fell by 5.5% in March