Articles tagged as: spain economy

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

September 24th, 2014

The Consumers and Users Organisation (OCU) have reported that the cost of the Property Tax (IBI) has risen in several Spanish cities over the last five years, despite the fact that housing prices have fallen by more than 40% on average during this time. The Organisation indicated in a statement, that ...

Continue reading The IBI Increases 50% in Five Years Despite Falling House Prices

September 22nd, 2014

According to data released last week by Spain’s Institute of Tourism, under the Ministry of Industry, Energy and Tourism, low cost airlines carried 22.4 million passengers in the first eight months of the year, representing an increase of 10.3% over the same period last year. Traditional airline companies, meanwhile, handled over ...

Continue reading Budget Airlines Carried 10.3% More Passengers to End of August

September 19th, 2014

According to the results of a study carried out by real estate search engine portal, Nuroa.es, which analysed everyday expenses in the major university cities in Spain, such as housing, public transport or menu of the day, it was revealed that Barcelona, Madrid and Valencia are the Spanish cities with ...

Continue reading Barcelona, Madrid and Valencia, Most Expensive Cities for Students

September 17th, 2014

Behind Italy and France, Spain is the European country which gives their children the highest allowances, according to the survey entitled ‘Financial Empowerment in the Digital Age 2014’ prepared by the ING Group, from 12,000 interviews with Europeans. According to the survey, 75% of Spanish parents give their children an allowance, ...

Continue reading Spain is Third European Country to Give Children Most Pocket Money

September 17th, 2014

According to statistics released by the Spanish Ministry of Development last week, home values fell by 2.9% year-on-year in the second quarter of 2014, to a price per square metre of 1,459.3 euros. This is the lowest recorded reduction since 2008, and all indications are that the discounts are coming ...

Continue reading Government Statistics Show House Prices Still Falling

September 16th, 2014

Provisional data published by the National Statistics Institute on Thursday last week indicated that home sales in Spain rose by 10.7% in July, over the same month of 2013, to a total of 28,583 transactions, driven by a surge in the second hand market. The year-on-year increase in July is the ...

Continue reading Home Sales Increased by 10.7% in July Year-on-Year

September 15th, 2014

According to the latest monthly IMIE house price index prepared by the property appraisal company, Tinsa, the price adjustment in the housing market appears to be coming to an end, but has left behind a trail of declines which has led to home values in August 2014 being 41.8% cheaper ...

Continue reading Housing Now Costs 41.8% Less Than in 2007

September 10th, 2014

El Prat de Llobregat airport in Barcelona, registered a record 4.2 million passengers in August, its highest figure to date, which exceeds the previous record of August 2013 by 8.6%. In addition, it beats the Adolfo Suárez Madrid-Barajas airport for a second time, which handled 3,990,993 passengers in August. According to ...

Continue reading Barcelona Airport Received Record 4.2 Million Passengers in August

September 9th, 2014

The European Commission statistics office, Eurostat, confirmed on Friday the stagnation of the gross domestic product (GDP) in the eurozone and the moderate growth of the economy of the European Union (EU) in the second quarter of the year. Eurostat’s consolidated data confirms their initial estimates, published in mid-August, and ...

Continue reading Eurozone Growth Stagnates in Second Quarter

September 8th, 2014

Kenny Jacobs, head of marketing for Ryanair, announced last week that the Irish airline plans to continue to expand in Spain, adding nine new routes from the Adolfo Suárez-Barajas de Madrid airport, five of which will be operational from November. They also announced their intention to increase the frequency of ...

Continue reading Ryanair Announces New Madrid Routes for Summer 2015

September 5th, 2014

Salary reductions, which have been imposed, in particular, in the European countries most affected by the crisis, are now showing their limits when it comes to improving competitiveness, and even run the risk of being counterproductive, according to the Organisation for Economic Co-operation and Development’s (OECD) annual report on employment. The ...

Continue reading Lowering Wages Counterproductive, Says OECD

September 4th, 2014

At the end of August, the number of unemployed people registered at the Public Employment Service offices stood at a total of 4,427,930, after registering an increase of 8,070 unemployed people in the month, the Ministry of Employment and Social Security reported earlier this week. This new rise in unemployment in ...

Continue reading Number of Unemployed Up 8,070 in August

September 2nd, 2014

Young drivers between 18 and 25 years of age pay an average of 1,298 euros for their car insurance, which is 101.5% more than drivers between 26 and 35 years old, who pay on average 634 euros, and 145% more than an insured between 36 and 50 years of age, ...

Continue reading Young Drivers Pay High Premiums for Car Insurance