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June 18th, 2013
The sale of homes rose 10.8% in April, over the same month of 2012, to 23,578 transactions, seemingly despite the end of the tax credit for the purchase of a home, and the increase in VAT on the sale of new builds from 4% to 10%. The National Statistics Institute’s ...
Continue reading Home Sales Bounce Up 10.8%
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
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 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 ...
Continue reading House Prices Fell by 10.5% in April, Says Tinsa
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 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
April 29th, 2013
The price of private housing fell by 7.9% year-on-year in the first quarter and stood at 1,519 euros per square metre, a value not registered since early 2004, according to statistics published on Tuesday by the Ministry of Development. Despite this fall, the decrease in housing prices has slowed compared to ...
Continue reading House Prices Per M2 Lowest Since 2004
April 22nd, 2013
According to the latest data from the National Statistics Institute, the average price of renting a home in Spain remained steady in March, compared with the same month in the previous year. The Institute’s figures show that, month-on-month the cost of renting a property remained unchanged, although so far this ...
Continue reading Rental Prices Remain Steady
April 17th, 2013
According to figures released at the end of last week by the National Statistics Institute, home sales in February rose by 17.3%, to 35,486 transactions. Since the Institute's report is prepared from property register data referring to closed sales from about two months previously, these figures do not reveal the real ...
Continue reading Home Sales up 17.3% in February
April 11th, 2013
In March, the average house price slowed its descent, year-on-year, to 10.7%, compared with the 11.6% drop recorded in February, after the tax benefits for home purchases were abolished from 1st January. With the March decline, real estate appraisers, Tinsa, reported on Tuesday that the cumulative adjustment for house prices has ...
Continue reading Decline in House Prices Moderates to 10.7% in March
March 27th, 2013
According to the latest tourist border movement survey (FRONTUR), prepared by the Institute of Tourism Studies for the Ministry of Industry, Energy and Tourism, Spain received a total of 2,797,123 tourists from abroad in February 2013, which is virtually the same figure as for the same month of last year. ...
Continue reading Spain Received 2.8 Million International Tourists in February
March 18th, 2013
According to the latest data released by the National Statistics Institute, the average price of renting a home in Spain, is practically frozen. The Institute reported that rents rose just 0.1% in February compared with the same month of 2012. This increase in rental prices stands 2.7 points below the general ...
Continue reading Home Rental Prices Steady
March 14th, 2013
Housing sales rose 18.9% in January compared with the same month of 2012, to a total of 39,670 operations, the National Statistics Institute reported on Tuesday. This is the best figure since February 2011, when it exceeded 45,000 purchases. The year-on-year advance in January, the second consecutive after the 2.3% increase ...
Continue reading Homes Sales Rose 18.9% in January
