Articles tagged as: spain economy

May 25th, 2015

Spanish tourists will spend an average of 2,273 euros on their holidays this year, with their overall budget increasing by an estimated 1.2%, according to a poll carried out by American Express on trends and spending during the summer holidays.60% of those surveyed said that they will allocate the same ...

Continue reading Spaniards Spend Around 2,273 Euros on Holidays

May 25th, 2015

Recent real estate statistics show that the market recovery in Spain is on track. The incipient recovery, already acknowledged by some experts in the sector, is now beginning to leave its mark on the employment data (construction is one of the sectors where unemployment has fallen most), the consumption of ...

Continue reading Demand for Homes Stimulates Urban Land Market

May 22nd, 2015

According to a study conducted by Randstad, some 9.3% of Spain’s workforce are foreign nationals, which is lower than the 10.1% of the workforce they represented in 2007, before the economic crisis. The study also highlighted that, in recent years, the volume of foreign workers over the total has increased ...

Continue reading Spain Has Less Foreign Workers than in 2007

May 22nd, 2015

According to the Global Investor Intentions Survey 2015 carried out among 700 international investors by the real estate consultant CBRE, Madrid is the sixth most attractive city in the world for real estate investors, behind London, Tokyo, San Francisco, Sydney and New York.Thus, the Spanish capital ranks ahead of other ...

Continue reading Madrid is Sixth Most Attractive City Worldwide for Real Estate Investors

May 21st, 2015

According to the latest real estate statistics published by the General Council of Notaries, the number of home sales transactions in Spain grew by 12.3% during the month of March, while prices fell by 7.5%.This new drop in house prices has brought the average cost per square metre of housing ...

Continue reading Home Sales Up Prices Down, Say Notaries

May 20th, 2015

In the first four months of the year, low cost airlines transported 8.6 million passengers, which is 11.7% more than between January and April of 2014, and represents 47.5% of arrivals to Spain through airports. In addition, over 3 million foreign arrivals via low cost airlines were recorded in April, ...

Continue reading Low Cost Airlines Carried 8.6 Million Passengers to April

May 20th, 2015

According to the latest real estate registry statistics published by the Property Registrars, average housing values in Spain rose by 2.65% during the first quarter of the year compared to the same period of 2014, confirming the upward trend noted by other organisations. Since the maximum values reached in 2007, ...

Continue reading House Prices Rise by 2.65% in Q1

May 19th, 2015

The Spanish Government announced yesterday that, in accordance with the latest update of the formula that sets the calculation of prices of bottled liquefied petroleum gas (LPG), starting from today, the maximum price of a gas cylinder will drop from 15.81 euros per bottle to 14.12 euros, taxes included. This ...

Continue reading Gas Cylinders to Cost a Maximum of 14.12 Euros from Today

May 18th, 2015

Spain has this year been awarded a total of 678 blue flags: 101 for its marinas and 577 for its beaches, which is four more than last year and a new record."This means that not only one in every five Spanish beaches have this distinction, but that, in addition, one ...

Continue reading A Record 577 Spanish Beaches Will Raise a Blue Flag this Summer

May 18th, 2015

The average price of rental housing in Spain fell by 0.6% in April, compared to the same month of 2014, according to the latest consumer price index (CPI) published by the National Statistics Institute last week.Thus, El Mundo reported that, according to the CPI, housing rental prices have now accumulated ...

Continue reading Price of Rental Housing Accumulates Over Two Years of Declines

May 15th, 2015

The constitution of new companies in Spain grew by 4% year-on-year in March, reaching a total of 9,903 companies. According to the National Statistics Institute data, this is the highest figure since April 2008. One out of every five of the companies created were in Madrid and nearly half of ...

Continue reading Creation of New Companies Registers Highest Figure in Seven Years

May 15th, 2015

A recent study carried out by property portal, fotocasa.es, and market research company, Netquest, by surveying over 10,000 website users, reveals major differences between new tenants and home owners. According to the study "Profile of the Tenant in 2014", the main reason given for opting to rent a home was ...

Continue reading Renting Versus Home Ownership

May 14th, 2015

The Savings Banks Foundation (Funcas) forecast panel has raised by three tenths, to 2.9%, its growth forecast for Spain for this year, and estimates it will stand at 2.7% in 2016, one tenth more than calculated previously.The improvement in economic activity, according to the consensus of the 18 research services ...

Continue reading GDP Will Rise to 2.9% and Unemployment Will Drop to 22.2% in 2015

May 14th, 2015

One of the variables most commonly used to work out the accessibility of housing is the calculation of the property price over the available household gross income. In a monthly report entitled the "Real Estate Thermometer", published by La Caixa Research, the entity indicates that the effort to gain access ...

Continue reading Financial Effort to Buy a Home at Sustainable Levels

May 13th, 2015

The Spanish Social Security system has once again registered over 17 million contributors, with an average of 17,008,296 people in work. This figure was recorded following the registration of a further 175,495 people in April (up 1.04%), representing the largest increase in a month of April since records began.All regions ...

Continue reading National Insurance Contributors Once Again Surpass 17 Million