The Latest Spanish Property News

October 30th, 2014

The results of a recent study conducted by the EAE Business School entitled ‘Fast Food Spending in Spain 2014’ revealed that the Spanish spent around 1,862 million euros on fast food in 2013, representing an increase of 1.2% over the previous year and an increase of 6.58% since 2007. The report, ...

Continue reading Spain Among Countries to Spend Less on Fast Food in 2013

October 30th, 2014

The average value of home mortgages contracted in Spain in August this year reached 102,430 euros, which is an increase of 5.8% over the same month of 2013, while the capital loaned increased by 31% year-on-year, to a total of 1,540.5 million euros. According to the latest data published this week ...

Continue reading Home Mortgages Increased by Nearly 24% Y-o-Y in August

October 29th, 2014

The Spanish Government’s Ministry of Industry, Energy and Tourism, in collaboration with SEGITTUR, has announced the 2014/2015 Europe Senior Tourism Program, which is a travel program to be implemented throughout Spain in the low and medium tourist seasons for those over the age of 55 and resident in the European ...

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October 29th, 2014

It has been widely reported that the decline in housing prices is coming to an end in Spain, in general, although the European Central Bank (ECB) and the European Banking Authority (EBA) warn that they still could have some way to go. Published along with the European and Spanish banks’ stress ...

Continue reading Could Spanish House Prices Drop by another 8.1% to 2016?

October 28th, 2014

In 2013, Spain granted a total of 196,200 first residence permits to non-EU citizens, representing 8.3% of the total granted in the EU. The United Kingdom accounted for 30.7% of the total number of permits granted to non-EU citizens, followed by Poland (11.6%), Italy (10.3%), France (9%) and Germany (8.5%). ...

Continue reading Spain Granted 196,200 Residence Permits to Non-EU Citizens in 2013

October 28th, 2014

Between January and June 2014, the value of transactions carried out by foreign residents in Spain for the purchase of private housing, amounted to 4,196.2 million euros. According to the Ministry of Development, this amount is 36% higher than that registered in the same period of 2013, when it stood at ...

Continue reading Foreign Residents Spend 36% More on Housing

October 27th, 2014

The National Statistics Institute’s Economically Active Population Survey (EAPS) published on Thursday shows that unemployment in Spain fell by 195,200 people in the third quarter, over the previous quarter (-3.5%), representing the biggest decline in a third quarter in the historical series. This brings the total number of people registered ...

Continue reading Spain’s Unemployment Rate Stood at 23.67% in Q3

October 27th, 2014

Barcelona Meeting Point (BMP), the international real estate show and symposium, celebrates its 18th edition from 29th October to 2nd November 2014 in the Feria de Barcelona. The President of the fair, Enrique Lacalle, said in his presentation that "good news has finally returned to the real estate sector", and ...

Continue reading BMP President Optimistic Over Spain’s Real Estate Recovery

October 24th, 2014

The Minister of Industry, Energy and Tourism, José Manuel Soria, announced on Wednesday that Spain received 52.4 million foreign tourists up to the end of September, which represents an increase of 7.4% over the same period last year, and noted that with the September data Spain has closed "the best ...

Continue reading Record 62 Million International Tourists Expected in 2014

October 24th, 2014

During the third quarter of 2014, Spain registered a record volume of investment in tertiary real estate, of nearly 3,500 million euros, according to the leading international consultancy CBRE. Higher activity levels had previously only been recorded during the real estate bubble in 2007. Spain is the third country in Europe ...

Continue reading Spain Registers Record Investment in Tertiary Real Estate Sector

October 23rd, 2014

Passenger car registrations in the European Union in September grew by 6.4% compared with a year earlier, to reach a total of 1,235,501, according to the latest data released by the Association of European Automobile Manufacturers (ACEA). This is the thirteenth consecutive increase registered, and represents an accumulated increase for the ...

Continue reading Spain No. 1 for European Car Registrations

October 23rd, 2014

The price of housing in Spain is still above the historical average, according to the House Price-to-Income ratio used by the International Monetary Fund in their quarterly Global Housing Watch report. According to this ratio (updated to the second quarter of 2014), the price of housing in Spain stands at 15% ...

Continue reading Housing in Spain Still Expensive in Relation to Earnings

October 22nd, 2014

Long term unemployment in Spain increased at double the rate of the EU-28 between 2010 and 2013, according to a recent report from the Institute of Economic Studies (IEE). Thus, in 2013, Spain registered a long term unemployment rate (of more than a year duration) of 49.7%, following growth of ...

Continue reading Spanish Long Term Unemployment was 49.7% in 2013

October 22nd, 2014

A 20 mile trip could save you 20% on property prices - Menorca property prices just 77% those of Mallorca (Kyero) - Spanish property 41.8% cheaper than in 2007 (Tinsa) - Property sales rose 10.7% in July (National Statistics Institute) When it comes to the Balearics, there are some striking similarities between the islands' ...

Continue reading Menorca vs Mallorca

October 22nd, 2014

The latest production data for the Spanish construction sector shows strong growth. According to figures published by the EU statistics office, Eurostat, the construction production in Spain climbed by 22% year-on-year in August – the second highest result after the 27.6% registered for Slovenia -  and by 2.7% month-on-month, representing ...

Continue reading Spanish Construction Activity Up 22% Y-o-Y in August