The Latest Spanish Property News

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

July 17th, 2014

According to a report published on Monday by Randstad, the volume of foreigners in the Spanish labour market in May stood below 10% for the first time since 2007. Specifically, at the end of May, of the 16,643,000 people working in Spain, 1,609,000 were foreigners, representing 9.7% of the total. ...

Continue reading Foreign Workers in Spanish Labour Market Fall to Less Than 10%

July 17th, 2014

In a news release last week, the EU statistical agency, Eurostat, reported that the price of Spanish homes, as measured by the House Price Index (HPI), dropped by just 1.6% in the first quarter of 2014 year-on-year and by just 0.3% quarter-on-quarter - very moderate percentages which show the change ...

Continue reading Spain House Price Declines Moderate

July 16th, 2014

The annual rate of inflation in June stood at 0.1%, one tenth lower than that registered in May, continuing a downward trend for the second consecutive month, according to the consumer price index (CPI) published by the National Institute of Statistics. This downward trend was mainly due to lower prices ...

Continue reading Inflation Continues to Fall and Closed June at 0.1%

July 16th, 2014

It is old news that new technologies have changed the way we talk, study, work and behave with others. But excessive use of these devices may lead to addiction problems, specifically amongst youngsters. In response to this social issue, the Comunidad de Madrid has issued a highly creative and viral campaign ...

Continue reading Beware of the Phonbie infection!

July 16th, 2014

The average price of rental housing in Spain fell by 0.8% in June, compared with the same month last year, according to the latest data published by the National Statistics Institute. Thus, with the June figure, home rental prices accumulated 15 consecutive months of declines. The decline in rental prices contrasts ...

Continue reading Rental Prices Getting Cheaper

July 15th, 2014

According to data from the National Markets and Competency Commission (CNMC), e-commerce in Spain ended the third quarter of 2013 with record revenue, generating a turnover of 3,291 million euros, which represents a 21.7% increase over the same period in 2012. Although these figures are for almost a year ago, ...

Continue reading Spain’s e-commerce Registers Record Revenue in 2013