Articles tagged as: spain economy

July 10th, 2015

Overnight stays in non-hotel tourist accommodation in Spain (holiday homes, campsites, rural tourism accommodation and hostels) accumulated a year-on-year increase of 6.8% in May, to over eight million, according to recent data published by the National Statistics Institute. Specifically, the number of overnight stays by resident tourists increased by 8.3% to ...

Continue reading Non-Hotel Overnight Stays Increased by 6.8% in May

July 9th, 2015

The unemployment rate in the eurozone stood at 11.1% of the active population in May, which is the same rate as the previous month, when it registered its best reading since March 2012, according to data provided by Eurostat. Compared to May 2014, the rate of unemployment in the eurozone ...

Continue reading Eurozone Unemployment Rate Stable at 11.1% in May

July 9th, 2015

The real estate market is continuing to show clear signs of recovery. According to the Sociedad de Tasación, the average price of new housing rose by 1.8% in the first half of 2015 - the first increase since 2007 - and by 1.4% in the last year. However, in real ...

Continue reading Price of New Housing Rises 1.8%

July 8th, 2015

The consumer price index (CPI) rose by 0.3% in June compared with a month earlier and rose by three-tenths year-on-year, to stand at 0.1%, due to the increase in prices of electricity and food and non-alcoholic beverages, according to the flash estimate published by the National Statistics last week. With this ...

Continue reading Inflation at 0.1% in June After 11 Months of Negative Rates

July 8th, 2015

Summer is one of the best times to rent out accommodation, since it is the time of the year when thousands of foreign and national university students begin to look for properties to rent. According to the Bank of Spain, the rental market is one of the best areas in ...

Continue reading Rental Investment in Spain’s University Cities

July 7th, 2015

According to data from the Bank of Spain, as at May this year a total of 1,659 million euros in pesetas still remain unredeemed, which is the equivalent of 276,034 million pesetas, of which 856 million euros (142,426 million pesetas) are in bank notes, and 803 million euros (133,607 million ...

Continue reading Spaniards Still Hoarding 1,659 Million Euros in Pesetas

July 7th, 2015

Around 14% of the tourists visiting Spain last year (3.7 million) stayed in holiday homes, and spent a total of over 2,680 million euros, on both their accommodations (900 million euros) and the rest of their holiday expenses (around 1,800 million euros). These conclusions are based on a study prepared by ...

Continue reading Spanish Holiday Homes Attracted 3.7 Million Tourists Last Year

July 6th, 2015

A total of 241,940 Russian tourists visited Spain during the first five months of 2015, representing a decrease of 28.7% compared to the same period of 2014. According to the latest data from the Frontur tourist border movement survey prepared by the Institute of Tourism Studies (IET) on foreign visitors ...

Continue reading Russian Tourist Numbers Continue to Fall

July 6th, 2015

Housing development activity is showing signs of improvement, according to Spain’s Ministry of Public Works, which announced last week that the number of building permits granted for residential new construction in Spain reached a total of 15,178 at the end of the first four months of 2015, representing an increase ...

Continue reading Residential Building Licences Up 29.9%

July 3rd, 2015

International tourists visiting Spain spent a record 21,809 million euros in the first five months of the year, which is an increase of 8.4% compared to the same period in 2014. The average daily expenditure rose by 4.4%, to 116 euros, and the average expenditure per tourist increased by 3.1%, to ...

Continue reading International Tourists’ Spending up 8.4% to May

July 3rd, 2015

The number of mortgages constituted on homes listed in the Property Registers stood at 18,857 in April, which is 21.4% more than in the same month of 2014, according to the latest data from the National Statistics Institute, which pointed out that this data is derived from transactions carried out ...

Continue reading Home Mortgages Increased by 21.4% in April

July 2nd, 2015

According to data prepared by the Spanish Camping Federation (FEEC), the average occupancy rate nationwide in Spain's campsites during the months of July and August will be around 70%. This predicted level of occupancy represents an increase of 20% over that registered in 2012, for example, and places this sector as ...

Continue reading Spanish Campsites Estimated to Reach 70% Occupation Rate in July and August

July 2nd, 2015

Data from a recent study carried out by the real estate rental management franchise, Arrentum, on the 'Desire of the Residential Consumer in Spain', reveals that the choice of renting a home is increasing among mainly young people and retirees. According to the study, 41.7% of those surveyed aged between 18 ...

Continue reading The Young and Retired Opt to Rent

July 1st, 2015

As at 1st January 2015, the number of inhabitants in Spain stood at 46,439,864 persons, which is 0.14% less than the figure registered a year earlier (72,335 persons less). In 2013, the reduction registered was significantly higher, at 0.46% (-220,130). During 2014 a total of 78,785 Spaniards left the country, which ...

Continue reading Spain’s Population Falls for Third Consecutive Year

July 1st, 2015

The Alpha real estate network, which has more than 170 offices throughout Spain and Latin America, recently announced that they are seeing a growing trend in the number of young tenants becoming owners of their own home. Vice President of the company, Jesús Duque, said that: "since last summer, we have ...

Continue reading Alpha Real Estate Augurs Return of Young Home Buyers