Articles tagged as: madrid

August 21st, 2014

The Sareb (Company for the Management of Assets proceeding from Restructuring of the Banking System) closed the first half of 2014 with revenues of 1,696 million euros. Of this, 74% comes from the management and sale of financial assets and the remaining 26% from real estate assets, according to information provided ...

Continue reading The Sareb Sold 8,104 Properties to June

August 14th, 2014

The downward trend in second hand housing prices continued in July, when they fell by 0.6% compared with the previous month, and by 7.5% year-on-year, according to a report prepared by the property portal hogaria.net. Specifically, the average price per square metre throughout the country stood at 1,596 euros in July, ...

Continue reading Price of Second Hand Homes in Spain Fell by 7.5% in July

August 4th, 2014

  According to Bankinter, signs of stabilisation are beginning to become apparent in the Spanish housing market: the demand for housing is growing compared to 2013, the fall in prices has slowed considerably, and the economic environment will continue to improve over the next 18 months. The financial institution ...

Continue reading Bankinter Optimistic Over Housing Recovery in Spain

July 24th, 2014

Only 36% of Spanish families went on holiday in 2013, which is 4% less than in 2012, while the average expenditure per family was around 1,000 euros, according to the results of a study carried out by AIS Consulting Group. The number of Spanish families who earmark part of their budget ...

Continue reading Only 36% of Spanish Families Went on Holiday in 2013

July 16th, 2014

The annual rate of inflation in June stood at 0.1%, one tenth lower than that registered in May, continuing a downward trend for the second consecutive month, according to the consumer price index (CPI) published by the National Institute of Statistics. This downward trend was mainly due to lower prices ...

Continue reading Inflation Continues to Fall and Closed June at 0.1%

July 14th, 2014

According to figures released last week from the Egatur tourism expenditure survey conducted by the Ministry of Industry, Energy and Tourism, spending by international tourists visiting Spain reached 20,129 million euros up until the end of May, which represents an increase of 9.1% over the same period in 2013. This ...

Continue reading Shopping Tourism on the Increase in Spain

July 14th, 2014

Home rental prices in Spain started to rise during the second quarter of the year, breaking the downward trend of recent quarters, according to a recent report by Idealista.com. In Barcelona, landlords are asking for 2.3% more rent than 3 months ago, which equates to a rental price of about 11.2 ...

Continue reading Price of Rental Housing Increased in Second Quarter

July 9th, 2014

On Monday, Renfe’s new service, the AVE Quiet Coach, began running on some of the trains on the Madrid to Seville route. According to the railway operator, these are the first trains with wagons on which no under 14s are allowed, and nor is talking on a mobile phone. ...

Continue reading Renfe Launch Quiet Coach Service on AVE Madrid to Seville Route

July 7th, 2014

The gap in house prices between the most and least expensive districts of Spain's largest cities has increased since the crisis began and the price differences in some cases have almost quadrupled. For example, according to a recent report prepared by property portal idealista.com, it would be 243% more expensive ...

Continue reading House Price Gap Widens Between Big City Neighbourhoods

June 27th, 2014

The number of urban land transactions carried out in the first quarter of 2014 reached a total of 3,318, which is 24.2% less than those made in the fourth quarter of 2013 (4,378), and 18.5% more than the first quarter of 2013, when 2,801 transactions were concluded, according to the ...

Continue reading Urban Land Transactions Up 18.5% in Q1

June 11th, 2014

The price of private housing fell by 1.6% in the first quarter of 2014, compared to the same period last year - the lowest decline since the second quarter of 2010 - and accumulated six years of annual declines, according to the Housing Price Index (HPI) published by the National ...

Continue reading Fall in Housing Prices Moderates to 1.6% in First Quarter

June 9th, 2014

Recorded unemployment in Spain fell by a total of 111,916 persons in May, over the previous month, putting the total number of unemployed registered with the Public Employment Services at 4,572,385. This is the best recorded unemployment figure in a month of May since the current records began. Over the last ...

Continue reading Number of Unemployed Fell by 111,916 in May

May 29th, 2014

According to the Secretary General of the World Tourism Organisation (UNWTO), Taleb Rifai, who together with the President of the Affiliate Members of this organisation, Miguel Mirones, presented the eighth Global Report on Shopping Tourism, Spanish destinations have managed to gain a strong position for shopping tourism to the point ...

Continue reading Spanish Destinations Second in World for Shopping Tourism

May 26th, 2014

Renting out a parking space or garage in one of the main Spanish cities can bring in a return that exceeds 6%, according to a recent study by property portal, pisos.com. Their data shows that the average price of a garage in Madrid and Barcelona has a value of more than ...

Continue reading Rental Return on City Parking Spaces at a Premium

May 23rd, 2014

This year's biggest property fair, SIMA 2014, will open its doors at Madrid’s trade fair park, IFEMA, on 29th May and run until 1st June. It will feature around 150 exhibitors, more than 400 housing promotions and a conference on the current situation in the real estate sector and the ...

Continue reading Madrid Gearing Up for SIMA 2014