Articles tagged as: canary islands

September 18th, 2014

The average price of rental housing fell by 0.7% in August over the same month in 2013, according to the Consumer Price Index (CPI) published by the National Statistics Institute on Friday. The adjustment is, however, one tenth lower than that of July (-0.8%). With this latest reduction, rental prices have ...

Continue reading Home Rental Prices Accumulate 17 Months of Declines

September 17th, 2014

According to statistics released by the Spanish Ministry of Development last week, home values fell by 2.9% year-on-year in the second quarter of 2014, to a price per square metre of 1,459.3 euros. This is the lowest recorded reduction since 2008, and all indications are that the discounts are coming ...

Continue reading Government Statistics Show House Prices Still Falling

September 16th, 2014

Provisional data published by the National Statistics Institute on Thursday last week indicated that home sales in Spain rose by 10.7% in July, over the same month of 2013, to a total of 28,583 transactions, driven by a surge in the second hand market. The year-on-year increase in July is the ...

Continue reading Home Sales Increased by 10.7% in July Year-on-Year

September 15th, 2014

According to the latest monthly IMIE house price index prepared by the property appraisal company, Tinsa, the price adjustment in the housing market appears to be coming to an end, but has left behind a trail of declines which has led to home values in August 2014 being 41.8% cheaper ...

Continue reading Housing Now Costs 41.8% Less Than in 2007

September 12th, 2014

The formation of new corporations fell by 1.2% in July over the same month in 2013, to a total of 7,964 companies, marking four consecutive months of year-on-year declines, according to the latest data from the National Statistics Institute. The capital subscribed for the constitution of these companies incorporated in the ...

Continue reading Number of New Companies Created Down 1.2% in July

September 9th, 2014

The average price of resale property in Spain in August stood at 1,656 euros/m2 and registered a monthly increase of 1%, according to recent data from the real estate website, fotocasa.es. This is the second increase this year after the price of second hand housing registered a slight increase of ...

Continue reading August House Prices Record Biggest Monthly Rise in 8 years

September 1st, 2014

Spending by international tourists in Spain registered a new record through to the end of July, reaching 34,497 million euros, which represents an increase of 7% over the same period in 2013, according to figures from the latest Egatur tourism expenditure survey prepared for the Ministry of Industry, Energy and ...

Continue reading International Tourists Spent Record 34,497 Million Euros to July

August 21st, 2014

The price of hotels and other accommodation increased by 8.3% in July, compared to the 8.9% increase registered in the same month last year, according to the Consumer Price Index (CPI). The statistics, published by the National Statistics Institute, showed that in annual terms the price of hotels and other accommodation ...

Continue reading Hotel Prices Up 8.3% in July

August 20th, 2014

According to data released on Monday from the tourism studies section of the Ministry of Industry, Energy and Tourism, in the first seven months of the year the low cost airlines carried 18.3 million passengers, which represents an increase of 10% over the same period last year. In contrast, the traditional ...

Continue reading Low Cost Airlines Transported 18.3 Million Passengers to July

August 18th, 2014

The Consumer Price Index (CPI) cut four tenths off its rate, year-on-year, to -0.3%, thus returning to negative annual rates, with the biggest drop since October 2009, when the decline was 0.7%, the National Statistics Institute confirmed earlier this week. This reduction in the rate of inflation, which is in line ...

Continue reading The CPI Fell to -0.3% in July Year-on-Year

August 15th, 2014

The average house price in Spain fell by 4.4% in July 2014, compared to the same month in 2013, and has accumulated a decline of 40.3% since the maximum values reached in 2007 before the outbreak of the crisis, according to the property appraisal firm, Tinsa. The decline registered in the ...

Continue reading Housing Prices in Spain Down 4.4% in July Year-on-Year

August 14th, 2014

The National Statistics Institute reported on Monday that more than 378.6 million passengers used Spain’s public transport systems in June, which is 1.8% less than in the same month of 2013. City transport decreased by 0.7% and inter-city transport fell by 3.8%. Within the inter-city transport, bus and rail transport decreased, ...

Continue reading Public Transport Passenger Numbers Fell by 1.8% in June

August 13th, 2014

Madrid-Barajas was the Spanish airport which received most passengers in July, registering 4.06 million travellers, which represents an increase of 4.8%, year-on-year, and the highest number of passengers in the past 22 months. Despite not being the most visited in Spain, the Barcelona-El Prat airport also registered an increase, of 4.9%, ...

Continue reading Madrid-Barajas Airport Achieves Highest Passenger Numbers in 22 Months

August 12th, 2014

The National Statistics Institute reported last week that, in June, the sale of homes in Spain rose by 8.8%, compared with the same month of 2013, reaching a total of 26,076 transactions, mainly thanks to the impetus of the second hand market. The year-on-year increase in June is the fourth consecutive ...

Continue reading Home Sales in Spain Increased by 8.8% in June

August 1st, 2014

According to the latest estimates from the Ministry of Development, at the end of 2013, Spain had a total of 563,908 unsold new homes, which is 3.3% lower than a year earlier. Thus, during the past year the rate of absorption of the 'stock' has slowed, as in 2013 the ...

Continue reading ‘Stock’ of Unsold New Homes Reduced by 3.3% in 2013