Archives for 2013

December 31st, 2013

Spain received more than 6.35 million cruise passengers in the first ten months of the year, which is 1.51% less than in the same period of 2012, but an increase of 1.48% in the number of cruise ships which docked in Spanish ports, according to the Spanish Ports Authority. In October, ...

Continue reading Spain Received 6.35 Million Cruise Ship Passengers to October

December 31st, 2013

The Salamanca district in Madrid, and Sarria-Sant Gervasi, in Barcelona, are the most expensive areas in Spain in which to live, according to a study by real estate search portal, Nuroa.es, which analyses the price per square metre in the main Spanish cities. These aforementioned zones exceed 3,700 euros per ...

Continue reading Madrid’s Salamanca District Most Expensive in Spain

December 30th, 2013

International tourists to Spain spent 55,896 million euros in the first eleven months of the year, representing an improvement of 8.7% over the same period in 2012, according to the latest figures from the tourism expenditure survey, Egatur, prepared by the Ministry of Industry, Energy and Tourism. Average daily spending rose ...

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December 30th, 2013

During 2013 the price of existing homes in Spain experienced a decline of 7.4%, putting the price per square metre at 1,734 euros. According to the latest Idealista.com price index, 96.5% of all the municipalities analysed saw their prices fall throughout the year. Prices in all regions reduced over the last ...

Continue reading Used Housing Prices Fell by 7.4% in 2013

December 28th, 2013

The number of overnight stays in Spanish hotels exceeded 15 million in November, which is a rise of 8.6% over the same month in 2012, and the seventh consecutive month of increases, according to data released on Monday by the National Institute of Statistics. The increase was supported by the ...

Continue reading Hotel Stays Increased by 8.6% in November

December 27th, 2013

The demand for holiday rental accommodation for Christmas grew by 59% on the Costa del Sol and 57% on the Valencian Costa Blanca, according to holiday rental portal, Homelidays.es. According to the company’s data, each year more and more Spanish choose to rent a holiday home at Christmas and this year ...

Continue reading Christmas Holiday Rental Demand up 59% on the Costa del Sol

December 26th, 2013

According to the Frontur Survey of Tourist Border Movements published on Monday by the Ministry of Industry, Energy and Tourism, Spain received nearly 57.6 million foreign tourists in the first eleven months of the year, representing an increase of 5% over the same period of last year. The Department, led by ...

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December 26th, 2013

The number of permits authorised for the construction of new buildings for residential use in Spain, stood at 29,088 units in the first ten months of the year, representing a decrease of 24.4% compared to the same period of last year, when 38,469 permits were issued. According to the Ministry of ...

Continue reading New Building Permits Down 24.4% to October

December 25th, 2013

A new law regulating the Sustainability Factor and Pension System Revaluation Index, was approved by the Spanish Government last week, and will come into force on 1st January 2014. The minimum and maximum annual revaluation levels were set at 0.25% and at the CPI plus 0.5% respectively. The sustainability factor ...

Continue reading Spanish Government Approves Pension System Reform

December 25th, 2013

A total of 14,704 home mortgages were granted in October, which is 23.3% less than in the same month of 2012, according to figures released on Friday by the National Statistics Institute. The annual decline in October, with which mortgaged homes accumulated 42 months of consecutive decreases, is more than seven ...

Continue reading Home Mortgages Fall Another 23.2% in October

December 24th, 2013

According to the latest data published by the Ministry of Employment and Social Security, the number of foreign citizens registered with the Spanish Social Security system in November stood at 1,545,170, which is drop of 45,266 employed persons, and represents a 2.85% decrease over October. In year-on-year terms, the number of ...

Continue reading Foreign Social Security Contributors Down 7.12% in November Year-on-Year

December 24th, 2013

The average cost per square metre of urban land stood at 147.5 euros in the third quarter of 2013, after falling by 12.4% year-on-year, according to the latest statistics from the Ministry of Development. The cost has fallen a further 10 euros since the previous minimum registered in the first ...

Continue reading Urban Land Prices Fall to Record Low

December 23rd, 2013

According to recent data published by the EU statistics office, Eurostat, due to the crisis, the income per capita in Spain fell in 2012 to 96% of the EU average – instead of the 97% estimated in June – and placed the country at 12 points below the eurozone average. The ...

Continue reading Spain’s Income Per Capita Fell to 96% of EU Average in 2012

December 23rd, 2013

The National Statistics Institute reported last week that private housing prices rose by 0.7% in the third quarter of the year, over the previous quarter, recording their first quarterly increase since the second quarter of 2010. Thus, the housing prices return to positive rates after 12 quarters registering quarterly declines. In ...

Continue reading House Prices in Q3 Register First Quarterly Increase Since 2010

December 20th, 2013

The Consumer Price Index (CPI) recorded a month-on-month increase of 0.2% in November, compared with a 0.1% downturn in the same month of last year. According to the data published last week by the Spanish National Statistics Institute, the year-on-year rate has thus increased by 0.3 points over October to ...

Continue reading CPI Climbs 0.2% in November