Articles tagged as: spain economy

July 25th, 2014

Tinsa’s IMIE Local Markets index for the second quarter of 2014 confirms that the stabilisation of property prices which began in 2013 is continuing. The report shows an average decline in prices of 3.9% for the country as a whole, compared to same period in 2013, which is more moderate ...

Continue reading Two Regions Register House Price Increases First Time Since 2008

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 24th, 2014

The interest of international and institutional investors in the Spanish commercial real estate market has hit a new post-crisis record. With nearly 2,500 million euros in the first half of 2014, investment grew by 110%, according to data from consultancy firm BNP Paribas Real Estate. The interest of these foreign ...

Continue reading Commercial Real Estate Investment in Spain Reaches Post-Crisis Highs

July 23rd, 2014

The services sector in Spain recorded an increase in turnover of 2.1% in May, compared to the same month of 2013, thus accumulating nine consecutive months of year-on-year increases, according to provisional data published last week by the National Statistics Institute. The year-on-year increase registered in May is two tenths higher ...

Continue reading Services Sector Turnover Rose 2.1% in May Accelerating Job Creation

July 23rd, 2014

According to data from the EU statistics office, Eurostat, the Spanish construction sector is once again looking buoyant, as the production in this sector registered an increase of 42.4% year-on-year in May, the highest percentage in Europe. This percentage is well above the increases registered for the eurozone (3.5%) and ...

Continue reading Spanish Construction Sector Fastest Growing in Europe

July 22nd, 2014

According to the Spanish Real Estate Situation report published by independent property value experts, Euroval, only 30% of the homes currently purchased in Spain are made with a mortgage, and 70% are financed without a mortgage or paid in cash, which is quite a contrast with the data which recorded ...

Continue reading 70% of Homes Bought in Spain are Without a Mortgage

July 21st, 2014

The number of unemployed in Spain who, discouraged by the lack of economic expectations, gave up actively searching for a job, increased in 2013 to 5%, which is 1.7 percentage points higher than at the start of the crisis, according to an analysis prepared by the Institute of Economic Studies ...

Continue reading Number of Unemployed Not Looking for Work Rose to 5% in 2013

July 18th, 2014

According to projections contained in the Coyuntur report for the second quarter of 2014, prepared by the Ministry of Industry, Energy and Tourism, Spain will receive 22.7 million international tourists in the third quarter of the year, coinciding with the summer months, which is an estimated increase of 1.7% compared ...

Continue reading 22.7 Million International Tourists Expected in Spain This Summer

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 15th, 2014

According to data from the National Markets and Competency Commission (CNMC), e-commerce in Spain ended the third quarter of 2013 with record revenue, generating a turnover of 3,291 million euros, which represents a 21.7% increase over the same period in 2012. Although these figures are for almost a year ago, ...

Continue reading Spain’s e-commerce Registers Record Revenue in 2013

July 15th, 2014

According to Look & Find’s online survey on the 'perception of the economic situation and most profitable investment options', 66% of those who participated in the survey were of the view that the purchase of a home would be the most profitable investment option for their savings at the present ...

Continue reading Home Purchase Once Again Best Investment Option

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 10th, 2014

Consumer confidence rose by 4.4 points in June over the previous month, to 89.3 points, reaching levels similar to those obtained before the start of the crisis in mid-2007, according to the Consumer Confidence Index published this week by the Centre for Sociological Research. Specifically, the current situation indicator improved 2.2 ...

Continue reading Consumer Confidence Rose to Pre-Crisis Levels in June

July 9th, 2014

Renting a home in Pamplona between the 6th and 15th of July, the days when the festival of San Fermin are celebrated, is 520% more expensive than the rest of the year. This is the main conclusion drawn by fotocasa.es when comparing the supply of housing for seasonal rent advertised ...

Continue reading Pamplona Rental Prices Rise 520% During San Fermin