Archives for January 2013

January 31st, 2013

The XXXIII edition of the FITUR international tourism fair was inaugurated yesterday by the Prince of Asturias. Marking the second consecutive year of regional cutbacks, the fair opened with an exhibition area of 56,500 square metres, which is 9.6% less than in 2012. Running through to Sunday 3rd February, the fair ...

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January 31st, 2013

The percentage of Scandinavian citizens buying homes on the Spanish coast is growing every year, making them one of the leading nationalities looking for bargain properties in areas like the Costa del Sol and the Costa Blanca. Between 2008 and 2010, the volume of Swedish buyers grew by over 138% ...

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January 30th, 2013

According to a recent study by auditing and consulting firm PwC and the ULI institute (Urban Land Institute) in which property investors were optimistic, Munich and Berlin are the most attractive real estate markets in Europe. This is the first time two German cities have led the ranking of the ...

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January 30th, 2013

Spending by foreign tourists in Spain reached nearly 56,000 million euros in 2012, representing a 5.7% increase, according to data released yesterday by the Ministry of Industry. This is a new peak in the historical series, which has been measured since 2004, and has served largely to compensate for the ...

Continue reading Foreign Tourism Revenues Reached Record Highs in 2012

January 29th, 2013

The Spanish Minister of Economy and Competitiveness, Luis De Guindos, has expressed his view that the Spanish economy will stabilise in the third quarter of 2013 after a "very long" crisis and that the Gross Domestic Product will start to grow again from the fourth quarter of the year. In a ...

Continue reading De Guindos Optimistic Over Growth of Spanish Economy

January 29th, 2013

According to the latest figures released yesterday by the National Statistics Institute, the number of new home mortgages stood at 19,115 in November 2012, which is a drop of 31.6% over the same month of 2011. The year-on-year decline in November, which marks 31 consecutive months of declines for home mortgages, ...

Continue reading Mortgages Fell 31.6% in November

January 28th, 2013

The number of foreign citizens registered in the Spanish social security system fell by 17,823 in December (a drop of 1.07%). In year-on-year terms, the number of people from outside Spain registered in the system has continued to fall and at a much faster pace than the trend shown by ...

Continue reading 1,645,851 Foreign Contributors to Spanish Social Security in December

January 28th, 2013

Home rental market prices continued to fall in Spain in 2012 and ended the year with an average rent of 598 euros per month, which represents a decrease of 4.7% compared to 2011, according to figures gathered by real estate portal, pisos.com. The portal’s data shows that no region experienced increases ...

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January 25th, 2013

According to the latest data from the Labour Force Survey, the number of households in Spain with all its members unemployed reached 1,833,700 in 2012, which is 258,700 more than in 2011 and represents an increase of 16.43%. The data, released yesterday by the National Statistics Institute, also shows that the ...

Continue reading Number of Spanish Households Unemployed Up 16.43%

January 25th, 2013

According to the latest data released by real estate valuation company, Tinsa, Toledo is the province where house prices have fallen most since the end of the property boom, with a drop of 45.5%, followed closely by the provinces of Barcelona (44.4%), Zaragoza (44.2%), Guadalajara (44.2%), Tarragona (43.1%) and Malaga ...

Continue reading House Prices Down Most in Toledo and Barcelona

January 24th, 2013

The International Labour Organization (ILO) warns in their latest report, published on Tuesday, that the number of people unemployed worldwide will increase by a further 5.1 million in 2013, to reach over 202 million, despite the moderate rise in production forecast for the 2013-2014 period. According to Europa Press the report ...

Continue reading Global Unemployment Will Exceed 200 Million this Year

January 24th, 2013

While the Spanish Government have highlighted the promoting of the ‘Spain Brand’ as a top priority, there are areas where much of the work has already been done. According to the annual tourism edition of the Country Brand Ranking report, prepared by Bloom Consulting, Spain is ranked second in the ...

Continue reading Spain Brand – Second in World Tourism Sector Ranking

January 23rd, 2013

The Meteorological Agency (Aemet) yesterday issued storm warnings for snow and wind which will affect all regions of Spain over the next few days, particularly Galicia, the Cantabrian coast and the centre of the country, which they have put on red or orange alert for snow or strong winds. Galicia is ...

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January 23rd, 2013

Spain has once again been placed among the 20 most globalised economies in the world, after climbing a position after three years at No. 21 in the ranking prepared by Ernst & Young. However, this improvement has occurred even though their overall score (4.45 points) is "substantially similar" to that ...

Continue reading Spain Again Ranks Among the 20 Most Globalised Economies

January 22nd, 2013

The Casa del Rey released figures yesterday to explain the distribution of the 7.93 million euros to be received by the institution from the State Budget, which is 4% less than 2012 and equates to a saving of 330,570 euros. With cuts undertaken in recent years, the Royal budget for ...

Continue reading Spain’s Royal Budget Cut to 7.93 Million Euros