balearic islands
June 20th, 2013
In the first three months of the year, house prices fell by 6.6% compared to the previous quarter, registering their biggest quarterly decline since 2007, the year in which the National Statistics Institute began preparing this index. Prices of second-hand housing decreased by 6.8% over the fourth quarter of 2012, while ...
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June 19th, 2013
According to latest data from the National Statistics Institute, the price of renting a home in Spain fell by 0.1% in May, year-on-year, following the historic decline experienced in the previous month, its first in the comparable series, which began in 2002. Rentals have thus registered their second month of declines ...
Continue reading Home Rental Prices Fall for Second Month
June 17th, 2013
Real estate appraisals, Tinsa, reported last week that the average house price in Spain registered a year-on-year decrease of 10.4% in May, very similar to that of the previous month (-10.5%), and has accumulated a drop of 37.4% since the maximum prices reached in December 2007, before the crisis. Thus, the ...
Continue reading House Prices Have Fallen 37.4% Since 2007, Says Tinsa
June 13th, 2013
A total of 29,208 agents from the Spanish National Police Force and the Guardia Civil will participate in this year's “Operation Summer” to be launched by the Interior Ministry on 1st July, to ensure the safety of the millions of tourists expected to visit Spain in the coming months. The operation, ...
Continue reading Interior Ministry to Launch Summer Tourism Safety Campaign
June 3rd, 2013
Since their campaign, entitled 'Impossible not to buy', began in mid-March with discounts of up to 40%, Solvia, the real estate branch of Banco Sabadell, has sold 5,946 homes and has launched a new website and telephone service hotline in Russian in order to attract buyers from this country. Solvia stressed ...
Continue reading Sabadell Sells 5,946 Homes in Two Months
May 28th, 2013
In the first four months of the year Spain received 14 million international tourists, which is an increase of 2.5% over the same period of 2012, and the best figure of the past four years, according to the survey of tourist border movements, Frontur, published last week. The increase, which ...
Continue reading Tourist Arrivals to Spain up 2.5% to April
May 21st, 2013
According to a study by consultor Deloitte published last week, Barcelona, Castellón, Alicante and Madrid are the Spanish provinces which account for the most available 'stock' of unsold new homes. Specifically, of the 50 provinces analysed, Barcelona (with 60,077 units), Castellón (54,274), Alicante (49,333) and Madrid (45,537) are the ...
Continue reading Spain Reducing ‘Stock’ of Unsold New Homes
May 17th, 2013
According to the Spanish Real Estate Market Index (Imie), published by the real estate appraiser, Tinsa, housing prices fell 10.5% in April compared to the same month of 2012, and have accumulated a decline of 37.2% from the peaks reached in December 2007, before the property bubble burst. By area, housing ...
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May 16th, 2013
According to the latest report from the National Statistics Institute published on Tuesday, the Consumer Price Index (CPI) rose by 0.4% in April compared to March, but dropped by one percentage point year-on-year, to 1.4%, thanks to cheaper fuel and electricity. The annual rate of 1.4% reached in April is the ...
Continue reading Inflation Dropped to 1.4% in April
May 10th, 2013
The number of companies and individuals who filed for bankruptcy in the first quarter of the year was 2,854, representing an increase of 22.8% over the same period of 2012. According to the latest Insolvency Proceedings Statistics published by the National Statistics Institute on Wednesday this week, one in four of ...
Continue reading Q1 Insolvencies Increase Lowest in 2 Years
May 8th, 2013
According to data released on Monday by the Ministry of Employment, registered unemployment in Spain fell in April for the second month in a row, bringing the figure down to below 5 million unemployed. The Ministry’s data reveals that the fourth month of the year saw a drop in the ...
Continue reading Spain’s Unemployment Rate Dropped in April
May 3rd, 2013
House prices in Spain fell by over 13% in 2012, even further than the declines registered in the years 2011 (-10.5%) and 2010 (-6.6%), and accumulated a drop in their value of around 30% since their peak levels in the first quarter of 2008. This is reflected in the 2012 statistical ...
Continue reading House Prices Fell by Over 13% in 2012, Accumulating Drop of 30%
May 2nd, 2013
According to the Egatur Tourist Expenditure Survey, prepared by the Institute for Tourism Studies of the Ministry of Industry, Energy and Tourism, inbound tourists to Spain spent 3.28 billion euros in March, which is an increase of 13.7% over the same month of 2012. The average spend per person of ...
Continue reading International Tourists’ Spending up 13.7% in March
May 1st, 2013
The number of new mortgages on homes stood at 24,197 in February, representing a drop of 7.5% compared with the same month of 2012, according to figures released last Wednesday by the National Statistics Institute. The annual decline in February, with which mortgaged homes accumulated 34 consecutive months of falls, is ...
Continue reading Home Mortgages Fell by 7.5% in February
April 26th, 2013
According to the Labour Force Survey published yesterday by the National Statistics Institute, in the first quarter of the year, unemployment in Spain exceeded six million people for the first time. The Institute’s statistics reveal that the total number of unemployed rose by 237,400, resulting in the number of people ...
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