Articles tagged as: spain economy

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

October 15th, 2014

According to a study by multi-specialist recruitment consultancy, Randstad, prepared from more than 15,000 interviews with employed professionals in over 30 countries, 40% of Spanish employees hope to find a new job in the next six months, which is up slightly from the percentage registered a year earlier. Despite the positive ...

Continue reading 40% of Spaniards Want to Change Jobs

October 9th, 2014

The number of mortgages on property rose by 19% in June and by 29% in July to 18,107, and 25% of the purchases were made by real estate companies, attracted by lower prices. The Spanish National Statistics Institute’s latest calculations indicate that the real estate market in Spain has begun to ...

Continue reading 62% of Housing Transactions in July by Investors

October 7th, 2014

The number of unemployed people registered at the Public Employment Services offices stood at 4,447,650 at the end of September, after rising by 19,720 people over the previous month, the lowest increase in the month of September since 2007, the Ministry of Employment and Social Security announced on Thursday. With the ...

Continue reading Lowest Unemployment September Increase Since 2007

October 7th, 2014

The average price of second-hand housing stood at 1,600 euros per square metre at the end of September, according to property portal, idealista.com, which represents a decrease of 4.4% compared with the same period last year. Between the months of June and September generalised price decreases were registered in all regions ...

Continue reading Home Resale Prices Fell by 4.4% in Q3

October 3rd, 2014

Spain stands once again in 2014 as the 18th country with the best reputation among the 55 largest economies in the world, a position the country has held since last year, according to the ranking prepared by the Reputation Institute, which lists Switzerland as the country with the best reputation ...

Continue reading Spain Ranks 18th Among the 55 Largest Economies for Best Reputation

October 3rd, 2014

The number of foreclosures initiated on primary residences stood at 9,611 in the second quarter of the year, a figure which is 1.5% higher than the previous quarter and 8.4% higher than the same period of 2013, according to provisional foreclosure statistics published this week by the National Statistics Institute. The ...

Continue reading Home Foreclosures Rose by 1.5% in the Second Quarter

October 2nd, 2014

The construction industry in Spain seems to have finally regained a pulse after years spent in a critical condition. El Mundo reported that national production closed the month of July on a high, consolidating its place among the European motors of the industry, to the delight of the Spanish Government. ...

Continue reading Spain Among the European Motors of Construction

October 1st, 2014

Spending by international tourists registered a new record up to the end of August, reaching 43,584 million euros, which represents an increase of 7.4% over the same period in 2013, according to figures provided on Friday by the Egatur tourist expenditure survey prepared by the Ministry of Industry, Energy and ...

Continue reading Foreign Tourists’ Spending Reaches Record Level to August

September 29th, 2014

With a stock of 500,000 dwellings and the indication of an economic recovery, Madrid launched its first real estate and tourism exhibition in Paris (Sitep) from 19th to 21st September, with the aim of attracting more French investors. Potential home buyers of French nationality have the most presence in Spain after ...

Continue reading French Citizens Purchased Some 7,000 Spanish Homes in 2013