The Latest Spanish Property News

September 1st, 2014

Spending by international tourists in Spain registered a new record through to the end of July, reaching 34,497 million euros, which represents an increase of 7% over the same period in 2013, according to figures from the latest Egatur tourism expenditure survey prepared for the Ministry of Industry, Energy and ...

Continue reading International Tourists Spent Record 34,497 Million Euros to July

September 1st, 2014

In mid-July the Spanish Government approved a housing plan, with an allocated budget of 2,311 million euros up to 2016, which is focused entirely on the promotion of rental housing, restoration and energy efficiency. The construction sector’s participation in the field of restoration in Spain only reaches 28% of the total ...

Continue reading Spanish Government to Provide Grants for Housing Reforms

August 29th, 2014

The Benidorm City Council said in a statement earlier this week that, according to a study recently published by the British newspaper the Daily Mail, Benidorm is the fastest growing holiday destination in August among UK tourists, ahead of other destinations such as Marbella, Tenerife or Magaluf. The report was prepared ...

Continue reading Benidorm is Favourite Destination in August for UK tourists

August 29th, 2014

The total number of new mortgages granted on homes recorded in the land registries (from previous public deeds), stood at 17,137 in June, exceeding by 19% the figures for the same month in 2013, according to provisional data published this week by the National Statistics Institute. With June’s year-on-year growth, home ...

Continue reading Home Mortgages Increased by 19% in June, Year-on-Year

August 28th, 2014

Málaga city remains among the fastest growing destinations in the main tourism indicators, with an increase of over 10% in the number of hotel stays in the period from January to July this year, and an increase of around 9% in both the number of visitors and the occupation rate. A ...

Continue reading Málaga City Still Among Fastest Growing Tourism Destinations

August 28th, 2014

In July, Huesca was the Spanish province where the greatest discounts were requested from people interested in renting a home, with the potential renters making offers an average of 18.9% lower than the prices sought by the owners, according to data from the property portal idealista.com. At the end of July, ...

Continue reading Largest Rental Property Discounts Requested in Huesca Province

August 27th, 2014

In the first seven months of the year, Spain received 36.3 million international tourists, representing an increase of 7% over the same period of 2013, according to the latest Frontur tourist border movement survey, published on Friday by the Ministry of Industry, Energy and Tourism. This increased influx of tourists comes ...

Continue reading Spain Received 36.3 Million International Tourists through to July

August 27th, 2014

Although the number of companies in bankruptcy in Spain fell by 30% in the second quarter of this year, compared with last year, 25% were construction companies and, according to the National Statistics Institute’s data, the construction sector has led the bankruptcies in Spain since 2008. More than a quarter of ...

Continue reading Construction Sector Leader in Spain Bankruptcies Since 2008

August 26th, 2014

The number of foreign contributors to the Spanish Social Security system stood at a total of 1,600,764 people in July, representing a decline of 8,913 workers (-0.55%) compared to the previous month, despite Spain’s good employment figures for July when an additional 62,000 contributors were registered in the system. According to ...

Continue reading Social Security Loses 8,913 Foreign Contributors in July

August 26th, 2014

Early estimates published last week by the EU statistics office, Eurostat, indicate that, in the second quarter of the year, Spain was the European Union (EU) country where construction output rose most, after registering an increase of 7.0%. Spain was also the fourth country in the EU with the largest year-on-year ...

Continue reading Spain Leads European Construction Growth in Second Quarter

August 26th, 2014

The Most Popular Spanish Properties for Sale The Most Popular Spanish Rental Properties Spain Leads European Construction Growth in Second Quarter ITVs More Costly Depending on the Region Spain Still Selling Mortgages with Controversial Ground Clause 50 Euro Social Security Flat Rate Boosts New Start-Ups Valencia Region has Largest Stock of Unsold Homes Hotel Prices Up 8.3% ...

Continue reading Property Pulse Issue 495 – 26th August, 2014

August 25th, 2014

The price of the Technical Vehicle Inspection (ITV) in Spain varies by up to 113% for diesel vehicles according to the region in which it is carried out, according to a study by Facua-Consumers in Action, which shows that Castilla y León has the highest prices. The results of the study ...

Continue reading ITVs More Costly Depending on the Region

August 25th, 2014

Only five eurozone countries continue to market mortgages containing the ground clause, a provision that prevents the consumer from taking advantage of decreases in the Euribor. According to a study prepared by the independent consumer comparison website, Kelisto.es, these countries are Spain, Belgium, France, Italy and Portugal. The portal reminded that ...

Continue reading Spain Still Selling Mortgages with Controversial Ground Clause

August 22nd, 2014

The Ministry of Employment and Social Security has reported that the 50 euros flat rate social security contribution for new self-employed persons implemented last year, has so far encouraged a total of 267,964 new entrepreneurs to register in the Spanish Social Security system. Andalusia, Catalonia and Madrid are the regions where ...

Continue reading 50 Euro Social Security Flat Rate Boosts New Start-Ups

August 22nd, 2014

The IPE Institute’s real estate pulsometer estimates that the stock of unsold homes in Spain will reach a total of 652,000 in 2014, which is an increase of 14.8% over the previous year. Since 2010, the surplus of unsold homes has fallen by only 290,000 homes. The regions with the largest ...

Continue reading Valencia Region has Largest Stock of Unsold Homes