Articles tagged as: spain economy

November 21st, 2014

The latest statistics from the Spanish Property Registrars show that a total of 79,561 home sales transactions were carried out in the third quarter of the year, which is an increase of 1.4% over the previous quarter, and significantly higher than the minimum recorded in the fourth quarter of 2013, ...

Continue reading Home Sales Increased by 1.4% in Q3 and Prices Remained Stable

November 20th, 2014

In the third quarter of the year, home sales in Spain increased by 8.6% over the same period last year, while prices fell by an average of 4% in the same period, according to the latest data from the General Council of Notaries. In September alone, the volume of homes sold ...

Continue reading Spanish Home Sales Soared by 20.7% in September

November 17th, 2014

The latest informative bulletin published by the National Institute of Statistics, entitled 'Wages in Spain and the EU', notes that several of the countries that have no established minimum wage actually have much higher average salaries. In addition, the unemployment rate in these countries is lower than the average of ...

Continue reading Countries with No Minimum Wage Have Higher Salaries and Less Unemployment

November 14th, 2014

The number of new businesses formed in Spain in the ninth month of the year reached a total of 6,633, representing the best figure recorded in September since 2008, when 7,337 new entities were created. According to the Mercantile Companies Statistics published this week by the National Statistics Institute, the figure ...

Continue reading New Businesses Up 5.5% in September

November 6th, 2014

The unemployment rate in the eurozone remained stable in September for the fourth consecutive month, at 11.5%, although half a point below the rate recorded a year ago, according to data from the European Commission statistical office, Eurostat, which places Spain once again (with 24%) as the country with the ...

Continue reading Spanish Unemployment Falls to 24%, Eurozone Stays at 11.5%

November 5th, 2014

The British supermarket chain, Dealz, part of the British group Poundland, which operates on a business model somewhere between that of the Chinese stores and the discount chains, has chosen Spain for its expansion into Europe. The company plans to open 10 stores by next March, with all products at ...

Continue reading Poundland Opens Madrid’s First ‘Low Cost’ Store

October 29th, 2014

The Spanish Government’s Ministry of Industry, Energy and Tourism, in collaboration with SEGITTUR, has announced the 2014/2015 Europe Senior Tourism Program, which is a travel program to be implemented throughout Spain in the low and medium tourist seasons for those over the age of 55 and resident in the European ...

Continue reading Spanish Government Promotes Senior Citizen Tourism

October 28th, 2014

In 2013, Spain granted a total of 196,200 first residence permits to non-EU citizens, representing 8.3% of the total granted in the EU. The United Kingdom accounted for 30.7% of the total number of permits granted to non-EU citizens, followed by Poland (11.6%), Italy (10.3%), France (9%) and Germany (8.5%). ...

Continue reading Spain Granted 196,200 Residence Permits to Non-EU Citizens in 2013

October 27th, 2014

The National Statistics Institute’s Economically Active Population Survey (EAPS) published on Thursday shows that unemployment in Spain fell by 195,200 people in the third quarter, over the previous quarter (-3.5%), representing the biggest decline in a third quarter in the historical series. This brings the total number of people registered ...

Continue reading Spain’s Unemployment Rate Stood at 23.67% in Q3

October 24th, 2014

The Minister of Industry, Energy and Tourism, José Manuel Soria, announced on Wednesday that Spain received 52.4 million foreign tourists up to the end of September, which represents an increase of 7.4% over the same period last year, and noted that with the September data Spain has closed "the best ...

Continue reading Record 62 Million International Tourists Expected in 2014

October 24th, 2014

During the third quarter of 2014, Spain registered a record volume of investment in tertiary real estate, of nearly 3,500 million euros, according to the leading international consultancy CBRE. Higher activity levels had previously only been recorded during the real estate bubble in 2007. Spain is the third country in Europe ...

Continue reading Spain Registers Record Investment in Tertiary Real Estate Sector

October 23rd, 2014

Passenger car registrations in the European Union in September grew by 6.4% compared with a year earlier, to reach a total of 1,235,501, according to the latest data released by the Association of European Automobile Manufacturers (ACEA). This is the thirteenth consecutive increase registered, and represents an accumulated increase for the ...

Continue reading Spain No. 1 for European Car Registrations

October 23rd, 2014

The price of housing in Spain is still above the historical average, according to the House Price-to-Income ratio used by the International Monetary Fund in their quarterly Global Housing Watch report. According to this ratio (updated to the second quarter of 2014), the price of housing in Spain stands at 15% ...

Continue reading Housing in Spain Still Expensive in Relation to Earnings

October 22nd, 2014

Long term unemployment in Spain increased at double the rate of the EU-28 between 2010 and 2013, according to a recent report from the Institute of Economic Studies (IEE). Thus, in 2013, Spain registered a long term unemployment rate (of more than a year duration) of 49.7%, following growth of ...

Continue reading Spanish Long Term Unemployment was 49.7% in 2013

October 20th, 2014

According to the World Wealth Report, prepared by Credit Suisse, the number of people in Spain with a net worth of at least one million dollars (740,000 euros) experienced a strong increase, of 24%, between mid-2013 and the first half of 2014, to reach a total of 465,000, which is ...

Continue reading 465,000 Spanish Millionaires