The Latest Spanish Property News

January 26th, 2015

The number of unemployed people in Spain fell by 477,900 people in 2014 to a total of 5,457,700, and the unemployment rate stood at 23.7% of the active population at the close of the year, which is two points lower than at the end of 2013 (25.73%), and one point ...

Continue reading Unemployment Rate Stood at 23.7% at End of 2014

January 26th, 2015

Spanish house prices registered an increase of 0.3% in the third quarter of last year (five tenths less than in the previous quarter) when compared to the same period in 2013, according to the data provided by the European Union Statistical Office, Eurostat. Moreover, Eurostat reported that prices in the eurozone ...

Continue reading Europe Also Gives End to Spanish House Price Declines

January 23rd, 2015

Between 2013 and 2014, the Spanish population fell by 358,442 people, a drop of -0.8%, to 46.7 million. According to the information published this week by the National Statistics Institute, this confirms that there has been a significant decline in the working population and also an increase in the number ...

Continue reading Spain’s Working Population Has Dropped by 428,000 People

January 23rd, 2015

Rental housing prices in Spain appear to have stabilised in 2014, according to property portal idealista.com, ending the year with an increase of 2.6%, which placed the price per square metre at 7 euros per month, and during the last quarter of the year, rental prices registered an increase of ...

Continue reading Spanish Rental Property Prices Increased by 2.6% in 2014

January 22nd, 2015

The Spanish unemployment rate will fall gradually over the next five years, but will continue to be one of the highest among the developed economies during the present decade, remaining above 21% until at least 2019, when the International Labour Organization (ILO) forecasts that the unemployment rate will fall to ...

Continue reading Spain’s Unemployment Rate Predicted to Fall Gradually Over Next Five Years

January 22nd, 2015

Spain registered a 15.9% increase in production in the construction sector in November, over the same month of 2014, the largest increase recorded in the whole of the European Union (EU), according to the EU Statistical Office, Eurostat, and is even higher than the percentage registered in October (+13.9%). The EU ...

Continue reading Spain – European Country with Biggest Increase in Construction

January 21st, 2015

In their January report, the Alliance for Tourism Excellence (Exceltur) estimated that the activity of the Spanish tourism sector increased by 2.9% in 2014, and generated 53,200 jobs. The Executive Vice President of the organisation, José Luis Zoreda, stressed during a press conference, that the data shows that "in 2014 Spanish ...

Continue reading Spanish Tourism Sector Grew by 2.9% in 2014

January 21st, 2015

According to the latest Real Estate Trends report produced by the ST Sociedad de Tasación, the average value of homes in Spain (new and used) increased by 1.3% in the fourth quarter of 2014, bringing the price per square metre to 1,326 euros. The recent data indicates that prices have now ...

Continue reading House Prices Rose by 1.3% at the end of 2014

January 20th, 2015

A total of 33,200 youths under 25 years of age signed a permanent work contract in 2014, representing an increase of 54% over the previous year, and its biggest increase since 2008, according to a report compiled by the Human Resources organisation, Randstad, from data provided by the Spanish public ...

Continue reading Permanent Jobs for Under 25s Registers Highest Growth Since 2008

January 20th, 2015

The number of home sales registered in November in Spain reached a total of 31,576 transactions, according to the latest statistics released by the General Council of Notaries, which represents a year-on-year increase of 14%, rising to 18.5% in seasonally adjusted terms. According to the Notaries, these figures reflect a "stabilisation" ...

Continue reading Home Sales Rose by 14% in November

January 19th, 2015

Repsol has decided to abandon their controversial exploration of hydrocarbons in the Canary Islands after finding that the discovery of gas there (from methane to hexane) is insufficient in quantity and quality in order to merit extraction.  The company said in a news release that "the analysis of the sample ...

Continue reading Repsol Abandons Canary Islands Project

January 19th, 2015

The Spanish National Statistics Institute reported earlier this month that the number of new companies constituted in November showed no variation over the same month of 2013 and remained stagnant at 7,352 companies. However, despite there being no year-on-year increase registered in November, the creation of new companies remained on ...

Continue reading 16.4% of New Companies in November were in Construction

January 16th, 2015

The latest data released from the Bank of Spain reveals that the net financial wealth of Spanish families reached 1,134,131 million euros in the third quarter of 2014, which represents a decrease of 0.17% compared to the previous quarter, and is the first quarter-on-quarter decline since the end of 2012. ...

Continue reading Family Wealth Fell in Q3 for First Time Since 2012

January 16th, 2015

According to the 2014 annual report published by online holiday rental platform, HomeAway, the domestic demand for holiday rental properties in Spain increased by 25% compared with the figures for 2013. The analysis from the portal, which advertises over a million properties for rent in 190 countries, reveals that the Spanish ...

Continue reading National Demand for Spanish Holiday Rentals Grows 25%

January 15th, 2015

During the inauguration of the new retail zone in the Málaga-Costa del Sol airport this week, the Minister of Development, Ana Pastor, announced that in 2014 the volume of passengers which passed through the Aena network of airports reached a total of 195.9 million, which is an increase of 4.5% ...

Continue reading Aena Airports Network Handled 195.9 Million Passengers in 2014