Articles tagged as: balearic islands

May 28th, 2015

The number of foreign citizens registered with the Spanish Social Security system stood at 1,607,883 in April, representing an increase of 2.85%, or 44,540 National Insurance contributors, compared with the previous month. According to the Spanish Government website, La Moncloa, this increase in contributors was the largest registered for the ...

Continue reading Foreigners Registered in Spanish Social Security System up 2.85% in April

May 27th, 2015

Spain continues to break records for foreign tourist arrivals, and received 16 million visitors in the first four months of the year, representing an increase of 4.4% over the same period of 2014. Moreover, in April alone, Spain registered a record 5.4 million visitors, an increase of 2.8%, largely due to ...

Continue reading Spain Receives Record 16 Million Tourists to April

May 18th, 2015

Spain has this year been awarded a total of 678 blue flags: 101 for its marinas and 577 for its beaches, which is four more than last year and a new record. "This means that not only one in every five Spanish beaches have this distinction, but that, in addition, one ...

Continue reading A Record 577 Spanish Beaches Will Raise a Blue Flag this Summer

May 11th, 2015

Home sales in Spain increased by 2.1% in March compared to the same month of 2014, reaching a total of 27,280 transactions, according to data published by the National Statistics Institute last week, relating to sales recorded in the property registers from transactions carried out in previous months. This year-on-year ...

Continue reading Homes Sales Rise 2.1% in March Y-o-Y

May 5th, 2015

Real estate appraisal company, Tinsa, reported yesterday that average housing prices in Spain registered a year-on-year decline of 1.7% in April, compared with the decline of 2.8% registered the previous month, and have accumulated a decline of 41.2% since their maximum values reached in December 2007, before the start of ...

Continue reading Decline in House Prices Moderates to 1.7% in April

April 24th, 2015

Spain closed the first quarter of the year with a record turnover of 10.6 million foreign tourists, which represents an increase of 5.3% over the same period in 2014, according to the latest Frontur tourist border movements survey data, published this week by the Ministry of Industry, Energy and Tourism. The ...

Continue reading Spain Received Record 10.6 Million International Tourists in Q1

April 22nd, 2015

According to the Continuous Household Survey data for 2014, published by the National Statistics Institute, the number of people opting for rental housing is increasing, with up to 16.6% of Spanish families already living in rented homes. Although still far from the averages for other European countries, this percentage represents quite ...

Continue reading Rental Housing Gaining in Popularity

April 17th, 2015

Real estate appraisal company, Tinsa, reported earlier this week that average house prices in Spain registered a decline of 2.8% year-on-year in March, compared with a decline of 3.6% registered the previous month, and has now accumulated a decline of 41.4% since the maximum values reached in December 2007, before ...

Continue reading Average House Prices Have Fallen by 41.4% Since 2007

April 13th, 2015

According to the BBVA’s 'Flash Real Estate Spain' report for April, the real estate sector in Spain is officially in recovery, and their statistics indicate that the situation is likely to continue, with the buying and selling of houses, construction and the signing of new mortgages continuing to rise, driven ...

Continue reading Spain Property Sector Still Recovering, Says BBVA

April 2nd, 2015

The 12 month euribor, the reference indicator most used to calculate mortgages, closed March at the all-time low of just under 0.2%, which will mean that mortgages constituted a year ago due to be reviewed in April could be reduced by as much as 200 euros per year. A year ago, ...

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March 30th, 2015

The number of foreign citizens registered with the Spanish Social Security system in February reached a total of 1,528,369, representing an increase of 0.81% over the previous month (12,313 more contributors). Year-on-year, the number of foreign social security contributors has increased by 0.51% (7,681 more contributors), and is the first February ...

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March 30th, 2015

According to the calculations of Engel & Völkers, German real estate agents specialising in properties of high standing, the current price of a luxury villa in Mallorca is around five million euros and is over 2.5 times the price registered before the outbreak of the crisis. The agency firmly believes ...

Continue reading Luxury Homes in Mallorca 150% More Expensive than in 2007

March 17th, 2015

The sale of homes in Spain grew by 21.6% during 2014, reaching a total of 365,594 transactions, according to the Ministry of Development’s real estate transactions statistics, which highlights that this is the highest figure for home sales since 2010. All of Spain’s regions registered increases in the number of home ...

Continue reading Home Sales in Spain Increased by 21.6% in 2014

March 3rd, 2015

Data from the latest Egatur tourist expenditure survey, released by the Ministry of Industry, Energy and Tourism, show that international tourists’ expenditure in Spain in January registered the highest figure in the comparable series for that month, reaching 3,402 million euros and a year-on-year increase of 9.5%. The result was due ...

Continue reading International Tourists Spent Record 3,402 Million Euros in January

March 3rd, 2015

According to a report released last week by the Spanish Government’s Ministry of Public Works, the average price of private housing in Spain rose by 0.5% in the last quarter of 2014, representing its first quarterly increase since the start of 2008, the year the crisis began, bringing the average ...

Continue reading House Prices Register First Quarterly Increase Since 2008