Articles tagged as: balearic islands

July 23rd, 2014

The services sector in Spain recorded an increase in turnover of 2.1% in May, compared to the same month of 2013, thus accumulating nine consecutive months of year-on-year increases, according to provisional data published last week by the National Statistics Institute. The year-on-year increase registered in May is two tenths higher ...

Continue reading Services Sector Turnover Rose 2.1% in May Accelerating Job Creation

July 22nd, 2014

According to the Spanish Real Estate Situation report published by independent property value experts, Euroval, only 30% of the homes currently purchased in Spain are made with a mortgage, and 70% are financed without a mortgage or paid in cash, which is quite a contrast with the data which recorded ...

Continue reading 70% of Homes Bought in Spain are Without a Mortgage

July 17th, 2014

According to a report published on Monday by Randstad, the volume of foreigners in the Spanish labour market in May stood below 10% for the first time since 2007. Specifically, at the end of May, of the 16,643,000 people working in Spain, 1,609,000 were foreigners, representing 9.7% of the total. ...

Continue reading Foreign Workers in Spanish Labour Market Fall to Less Than 10%

July 16th, 2014

The average price of rental housing in Spain fell by 0.8% in June, compared with the same month last year, according to the latest data published by the National Statistics Institute. Thus, with the June figure, home rental prices accumulated 15 consecutive months of declines. The decline in rental prices contrasts ...

Continue reading Rental Prices Getting Cheaper

July 11th, 2014

According to the Exceltur Alliance for Tourism Excellence, Spanish tourism will grow by 2.4% in 2014, following growth of 3.1% in the second quarter of the year. This is an upward revision of their previous estimates, which put the increase for the full year at 2%, due to an improved ...

Continue reading Domestic Demand Set to Boost Spain’s Tourism Industry in 2014

July 11th, 2014

The National Institute of Statistics reported on Wednesday that home sales in Spain rose by 5.4% in May, over the same month of 2013, to a total of 28,124 transactions, thanks to a boost in the second hand market. The year-on-year increase in May is the third consecutive rise registered ...

Continue reading Homes Sales Up 5.4% in May Year-on-Year

July 4th, 2014

According to a report on the first half of 2014 published this week by the Sociedad de Tasación, the price of new housing in Spain fell by 4.8% last year, bringing the accumulated decline in market prices to 40% below their maximum values, i.e. to March 2002 levels. In the ...

Continue reading New Housing Prices at 2002 Levels

July 2nd, 2014

A total of 26.7 million overnight stays were registered in Spanish hotel establishments in May, representing an increase of 1.4% over the same month of 2013, boosted by a 4% rise in stays by residents in Spain, while foreigners’ bookings grew by 0.2%. In the first five months of the year, ...

Continue reading Domestic Tourism Boosts Hotel Bookings by 1.4% in May

June 30th, 2014

Spending by international tourists reached 20,129 million euros through to May, representing an increase of 9.1% over the same period in 2013, according to figures released on Thursday from the Egatur tourism expenditure survey conducted by the Ministry of Industry, Energy and Tourism. In the first five months of the ...

Continue reading Foreign Tourists Spent 20,129 Million Euros in Spain to May

June 27th, 2014

Foreign membership of the Spanish Social Security system stood at 1,608,221 people in May, representing an increase of 44,600 contributors over the previous month, although the figure is 43,169 less compared to the same month last year. According to data released this week by the Ministry of Employment and Social Security, ...

Continue reading 44,600 More Foreign Contributors to Spanish Social Security System in May

June 26th, 2014

According to the latest Frontur Tourist Border Movement Survey, released by the Ministry of Industry, Energy and Tourism on Monday, Spain received a new record of more than 21.4 million international tourists between January and May, representing an increase of 8.2% over the same period of 2013. Among the major ...

Continue reading Spain Received Record 21.4 Million International Tourists to May

June 25th, 2014

According to the Notaries’ Statistical Information Centre, in the first quarter of this year, foreigners bought 15,402 homes in Spain, which is an increase of 27.2% over the same period last year, and represents 19.4% of all the properties sold in those months. With these figures, the notaries certify that foreign ...

Continue reading Foreigners Bought 19.4% of Homes Sold in Spain in Q1

June 24th, 2014

According to surveys carried out by the Ministry of Industry and Tourism with hoteliers in Spain, the hotel occupancy rate in August is expected to rise to 78%, which is 6 percentage points higher than in the same month last year. For the month of July, the prospects are also ...

Continue reading Hotel Occupancy in Spain Expected to Near 80% in August

June 20th, 2014

Houses in Spain, as all the studies suggest, are still getting cheaper, but at a more moderate rate. The most recent report to confirm this is the Spanish Real Estate Market Index (IMIE) from the property appraiser, Tinsa, who reported that the average price of housing fell by 4% in ...

Continue reading House Prices at 2003 Levels, Says Tinsa

June 19th, 2014

The low cost airlines transported 10.9 million passengers to Spain in the first five months of the year, representing an increase of 10.4% over the same period last year, according to data released this week by the Tourism Studies Department of the Ministry of Industry, Energy and Tourism. In contrast, the ...

Continue reading Budget Airlines’ Passenger Traffic up 10.4% to May