madrid
June 15th, 2012
The holiday accommodation rental company Homelidays registered an increase in their requests for holiday apartments in Spain of 24% during the month of May, compared to the same month of 2011. The main source of this increase was British tourism, which in May accounted for 63% more apartment bookings than in ...
Continue reading Demand for Spanish Holiday Apartments Up 24% in May
May 30th, 2012
According to the Tourist Expenditure Survey (EGATUR), drafted by the Institute for Tourism Studies of the Ministry of Industry, Energy and Tourism, inbound tourists to Spain spent a total of just over 13 billion euros in the period from January to April 2012. This is 3.5% more than in the ...
Continue reading Tourists Spend Over 13 Billion Euros Between January and April 2012
April 26th, 2012
The number of home mortgages fell 47.1% in February over the same month last year. This is the biggest drop since the statistics published in 2004. With 26,415 credit arrangements, this indicator marks 22 consecutive months of decline year-on-year, according to data released on Tuesday from the National Statistics Institute. The ...
Continue reading Mortgages Register Biggest Drop Since Start of Crisis
April 19th, 2012
The Alliance for Tourism Excellence, Exceltur, estimates that the "disproportionate" increase in airport charges contained in the State Budget for 2012 could mean the loss of up to 2.87 million Spanish and foreign tourists in the country's airports. The Association, which involves companies such as El Corte Ingles, Iberia, Amadeus and ...
Continue reading Increased Airport Charges Threatens Spanish Tourism
April 18th, 2012
The number of new companies created in February totaled 8,214, which represents an increase of 3.2% over the same month in 2011, according to data released last week by the National Statistics Institute. The capital subscribed for their incorporation exceeded 551 million euros, representing an increase of 87.6% compared to February ...
Continue reading Number of New Companies in Spain Up 3.2% in February
April 12th, 2012
In the five years property consultants Knight Frank and the City Private Bank have been producing the Wealth Report, a report on the investment trends of the largest fortunes in the world, London, New York, Beijing, Paris, Shanghai and Singapore are the cities considered by the richest as the most ...
Continue reading Millionaires Choose Spain for Holiday Homes
April 6th, 2012
According to the Spanish Confederation of Travel Agencies and Tour Operators (CEAVIT), travel sales for Semana Santa (Easter Holy Week) are down between 2% and 3% from last year, as are the number of last minute deals, although Madrid is still one of the preferred destinations. The weather forecast is taking ...
Continue reading Weather Forecast Blamed for Drop in Easter Travel
March 19th, 2012
According to a recent study by the Savings Banks Foundation (Funcas), buying a house now requires less years of wages than before the crisis, when the equivalent of ten years’ salary were necessary in 2005 to acquire an average home, now the figure is less than eight years. This is ...
Continue reading Buying a Home Costs Two Years’ Less Salary Than Before the Crisis
March 13th, 2012
In January, real estate transactions increased by 42.3% compared to December but were down 26.3% compared to the same month in 2011, according to data published yesterday by the National Statistics Office. 86.2% of sales corresponded to urban properties and 13.8% to rural properties, this represented an increase of over 10% ...
Continue reading The Ups and Downs of Spanish Property Sales
March 8th, 2012
Through its real estate portal, Casaktua.com, Banesto has released 4,600 homes for sale "with prices of 20 years ago," they announced in a recent statement. The properties of the financial institution associated with this promotion have an average price per square metre of 638 euros, "the same as the average ...
Continue reading Banesto Markets 4,600 Homes at 20 Year Old Prices
March 2nd, 2012
According to the latest figures released by the National Statistics Institute, during the month of January, 12.6 million overnight stays were recorded in hotel establishments in Spain, indicating a 3.5% increase over the same month in 2011. Overnight stays by residents decreased 0.2%, whereas non-residents’ stays experienced an increase of ...
Continue reading Hotel Occupancy Up 3.5% in January
February 29th, 2012
During the presentation of a report on real estate trends for this year, the president of CBRE, Eduardo Fernandez-Cuesta said they anticipated that real estate activity during 2012 will exceed the previous year, while housing prices will continue their downward trend throughout the year. In addition, Fernandez-Cuesta pointed out that ...
Continue reading Real Estate Business Will Improve in 2012
February 23rd, 2012
The countdown has started to the new winter edition of the Madrid Real Estate Exhibition (SIMA), which is to be held on 24th, 25th and 26th February at the Palco de Honor at the Estadio Santiago Bernabeu. According to the organisers of the fair, SIMA Winter will have a total of ...
Continue reading SIMA Winter 2012 Just Around the Corner
February 14th, 2012
According to data released yesterday by the National Statistics Institute, 2011 saw the creation of 84,781 new businesses in Spain, which was 6% more than the previous year. The capital invested for their incorporation increased by 167%, while the average capital invested grew by 152.2%. This annual rise in new start-ups ...
Continue reading 84,781 New Companies Were Created in 2011
February 13th, 2012
According to recent National Statistics Institute data, despite the optimism of 2010, in which house sales rose after two years of declines due to tax incentives on offer, the residential market once again saw a downturn during 2011, when the number of transactions fell by 17.7% to a total of ...
Continue reading House Sales Down 17.7% in 2011
