Articles tagged as: balearic islands

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 ...

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February 25th, 2015

Spain’s tourism figures for the first month of 2015 were the best recorded for a month of January in the whole of the comparable historical series. According to data from the Frontur tourist border movements survey for January, prepared by the Ministry of Industry, Energy and Tourism, the number of ...

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February 23rd, 2015

The latest Consumer Price Index data, published on Friday by the Spanish National Statistics Institute, reveals that the average price of rental housing fell by 0.6% during the month of January, which is one tenth less than in the previous month. This figure is almost half the rate of the ...

Continue reading Home Rental Prices Fell by 0.6% in January

February 20th, 2015

For the third consecutive year Playa de Ses Illetes in the Balearic Island of Formentera has been recognised at global level, and been awarded 5th place among the best beaches in the world, 2nd place in Europe and number one in Spain. Ranked in first place this year among the ...

Continue reading Spanish Beach Ranked in World Top Five

February 19th, 2015

According to the ‘Equal Work, Equal Pay’ report, prepared by the Spanish General Union of Workers (UGT), the wage gap between the sexes increased and reached 23.93% in 2012, bringing it back to 2002 levels in comparison to Europe, and the highest rate in the past five years.Female workers earned ...

Continue reading Wage Gap Between Men and Women at 2002 Levels

February 13th, 2015

The Tinsa IMIE General and Large Markets Index for January, published this week, shows that in January this year the average price of finished housing (new and used) stood at 2.7% below the level of January 2014. This is the first time since June 2008 that the General Index has ...

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February 12th, 2015

The Spanish National Statistics Institute reported on Tuesday that the sale of homes in Spain increased by 2.2% in 2014, compared with the previous year, reaching a total of 319,389 transactions, and thus returned to positive figures after registering three years of declines.The second hand homes market has been the ...

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February 6th, 2015

According to the conclusions from the Government’s Criminality Balance for the fourth quarter of 2014, presented this week by the Spanish Ministry of the Interior, a total of 2,093,621 crimes and misdemeanours were recorded in Spain last year, which is 3.6% less than the figure for 2013, when a total ...

Continue reading Spain’s Crime Rate Among Lowest in the EU