Articles tagged as: canary islands

January 26th, 2015

The number of unemployed people in Spain fell by 477,900 people in 2014 to a total of 5,457,700, and the unemployment rate stood at 23.7% of the active population at the close of the year, which is two points lower than at the end of 2013 (25.73%), and one point ...

Continue reading Unemployment Rate Stood at 23.7% at End of 2014

January 20th, 2015

A total of 33,200 youths under 25 years of age signed a permanent work contract in 2014, representing an increase of 54% over the previous year, and its biggest increase since 2008, according to a report compiled by the Human Resources organisation, Randstad, from data provided by the Spanish public ...

Continue reading Permanent Jobs for Under 25s Registers Highest Growth Since 2008

January 19th, 2015

Repsol has decided to abandon their controversial exploration of hydrocarbons in the Canary Islands after finding that the discovery of gas there (from methane to hexane) is insufficient in quantity and quality in order to merit extraction.  The company said in a news release that "the analysis of the sample ...

Continue reading Repsol Abandons Canary Islands Project

January 19th, 2015

The Spanish National Statistics Institute reported earlier this month that the number of new companies constituted in November showed no variation over the same month of 2013 and remained stagnant at 7,352 companies. However, despite there being no year-on-year increase registered in November, the creation of new companies remained on ...

Continue reading 16.4% of New Companies in November were in Construction

January 16th, 2015

According to the 2014 annual report published by online holiday rental platform, HomeAway, the domestic demand for holiday rental properties in Spain increased by 25% compared with the figures for 2013. The analysis from the portal, which advertises over a million properties for rent in 190 countries, reveals that the Spanish ...

Continue reading National Demand for Spanish Holiday Rentals Grows 25%

January 14th, 2015

The price of new and second hand housing accumulated an average decline of 3% in 2014, according to the General IMIE and Major Markets Indices for December published on Tuesday by property appraisal company, Tinsa, which represents a more moderate decline than the 9.2% registered in 2013. Thus, according to these ...

Continue reading House Prices Dropped by an Average of 3% in 2014

January 8th, 2015

Data recently released from the Bank of Spain announced that the 12-month Euribor, the main mortgage reference for variable rate mortgages, fell to a record low of 0.329% in December, whereas in December 2013, the Euribor stood at 0.543%. At that time, the average mortgage value for the purchase of ...

Continue reading Low Euribor Reduces Mortgage Payments

January 6th, 2015

According to a report from the Sociedad de Tasación, the average price of new housing in Spain fell by 2.2% in 2014, which is more than five points less than the 7.8% decline registered in 2013. The report also highlighted that the decline registered in the last six months of ...

Continue reading New Housing Prices Dropped by 2.2% in 2014

January 5th, 2015

Overnight stays in non-hotel tourist accommodation (holiday homes, camping sites and rural tourism accommodation) exceeded 4.9 million in November, representing a decrease of 1.7% over the same month of 2013, according to data published last week by the National Statistics Institute. The November decline is due mainly to the number of ...

Continue reading Non-Hotel Overnight Stays Down 1.7% in November

December 29th, 2014

International tourists spent 59,810 million euros in Spain in the first eleven months of the year, representing an increase of 6.7% compared to the same period in 2013, according to figures published on Friday from the Egatur tourist expenditure survey prepared by the Ministry of Industry, Energy and Tourism. In the ...

Continue reading International Tourists’ Spending up 6.7% to November

December 25th, 2014

According to the conclusions of the latest Frontur tourist border movements survey released earlier this week by the Ministry of Industry, Energy and Tourism, Spain received 61.7 million international tourists up until the end of November, which is 7.2% more than during the same period of last year, and an ...

Continue reading Spain Received Record 61.7 Million Tourists to November

December 24th, 2014

A total of 15 million overnight stays were recorded in Spanish hotels in November, representing a decline of  0.1% compared with the same month of 2013, according to the latest National Statistics Institute data. This decline is explained by the drop in the number of overnight stays of residents in Spain, ...

Continue reading Overnight Hotel Stays in Spain Fell by 0.1% in November

December 16th, 2014

Home sales in Spain increased by 13.5% in the third quarter of the year, compared with the same period in 2013, accumulating a third consecutive quarter of positive results, according to the Ministry of Development’s data published in a press release last Thursday, the same day the National Statistics Institute ...

Continue reading Home Sales Up 13% in Q3

December 12th, 2014

A total of 7,983 new companies were created in Spain in October, according to the latest figures from the National Statistics Institute, which represents an increase of 2.9% over the same month of 2013, and two consecutive months of rises after five months of negative rates. The capital subscribed for the ...

Continue reading 7,983 New Companies Created in October

December 12th, 2014

According to real estate appraiser Tinsa’s General IMIE index, housing prices in Spain broke the tendency towards stabilisation they have been demonstrating in recent months, and stood at 1,316 points in November, which represents a year-on-year fall of 6.3%, more than two points over the 4.2% year-on-year decline registered in ...

Continue reading November House Prices Register Y-o-Y Decline of 6.3%