Articles tagged as: madrid

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

May 16th, 2014

The sale of homes in Spain increased by 14.4% during the first quarter of the year, compared to the last quarter of 2013, to a total of 83,022 transactions, the highest quarterly figure in the last twelve months. This has pushed prices up by 0.84% compared to the October to ...

Continue reading Home Sales Grew by 14.4% to March

May 13th, 2014

The German luxury real estate agency, Engel & Völkers, are to invest 4 million euros in opening a Metropolitan Market Centre (MMC) of 1,300 m2 in Madrid, which will house 200 residential real estate consultants who will provide service within the M-30 (the orbital motorway which circles the central districts ...

Continue reading Engel & Völkers to Hire 200 People for New Real Estate Centre in Madrid

May 12th, 2014

The number of families and businesses that filed for bankruptcy due to not being able to meet their payments and debts totalled 2,090 during the first quarter of the year, which represents a decrease of 29% over the same period of 2013, according to the latest Bankruptcy Proceedings Statistics published ...

Continue reading Business and Family Bankruptcies Down 29% in First Quarter

May 2nd, 2014

The IMIE Local Markets Index for the first quarter of 2014, published by the real estate appraisal company, Tinsa, reveals that the price of housing in Spain fell by 6.7% year-on-year. The last two quarters of 2013 registered declines of less than 10%; specifically, of 9.3% in the third quarter and ...

Continue reading House Prices Registered a Year-on-Year Fall of 6.7% in Q1

April 22nd, 2014

The evolution of the average price of resale property in Spain has significantly changed from 2013, according to a recent report from fotocasa.es. Last year they registered double-digit year-on-year declines, and specifically in June 2013 recorded the largest year-on-year drop in their comparable real estate index (-11.8%). However, the first ...

Continue reading Spain House Prices Fell by -1.1% in First Quarter

April 15th, 2014

According to the latest data published by the National Statistics Institute, the sale of homes in Spain fell by a further 27.6% in February compared with the same month in 2013, to a total of 25,717 closed transactions. This decline was more than four points higher than January, when housing ...

Continue reading Homes Sales Down 27.6% in February

April 10th, 2014

The British department store chain, Marks & Spencer, plans to return to Spain after abandoning the Spanish market nearly 14 years ago, following the sale of their stores to El Corte Inglés. The company has included Spain as a priority market in its international development plan, and intends to have ...

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March 31st, 2014

The Spanish Government’s Official State Bulletin published an Order on Wednesday, issued by the Minister of Development, Ana Pastor, to the effect that the Madrid-Barajas airport is to be renamed the Adolfo Suárez Airport Madrid-Barajas. In the Order, Pastor explains that the former Prime Minister, who died last week at the ...

Continue reading Madrid’s Airport Renamed to Honour Former Prime Minister

March 27th, 2014

According to data from the independent consumer comparison website, Kelisto.es, up to 8.5 million homes in Spain, more than 30% of the total, do not have home insurance. This figure represents one million less properties insured than in 2007, when the crisis began. At the end of 2013 Spain counted more ...

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March 25th, 2014

Between January and February Spain received 6.2 million tourists, which is an increase of 11.8% year-on-year compared with the first two months of 2013, according to the Frontur tourist border movement survey published on Friday by the Ministry of Industry, Energy and Tourism. 3.11 million tourists visited the country in February, ...

Continue reading International Tourist Arrivals Up 11.8% to February

March 5th, 2014

The National Archaeological Museum of Spain (Museo Arqueológico Nacional) is to reopen in Madrid on 31st March, following six years of work, during which the museum was only closed to the public for two and a half. The museum has been completely overhauled and given a new and attractive image ...

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February 25th, 2014

According to a recent study by BNP Paribas Real Estate, all of the real estate investment market segments in Spain saw recovery last year, with the annual volume in 2013 reaching 3,800 million euros, more than double the figure recorded in 2012 (112% annual growth), and represented the greatest level ...

Continue reading Real Estate Investment in Spain increased by 112% in 2013