Articles tagged as: spain economy

April 18th, 2014

Stability in the real estate market appears to be getting closer every day, at least in respect to residential construction. This is evidenced by data from the Ministry of Development which shows that 4,735 properties were completed during the first month of 2014, which is virtually the same figure as ...

Continue reading Number of Completed Homes Finally Showing Signs of Stabilisation

April 16th, 2014

According to data from the Spanish Ports of State, the number of cruise passengers docking at Spanish ports surged by 39.62% in the first two months of the year, to a total of 838,117 cruise passengers. In February, the Spanish ports received a total of 382 vessels, an increase of 19.38%, ...

Continue reading Spain Receives 40% More Cruise Passengers to February

April 14th, 2014

The Spanish online holiday rental portal, HomeAway, carried out a study to forecast the demand for holiday rental accommodation ahead of the Easter holidays and, according to their data, it has increased by 46% compared to 2013 at national level, and 11% at international level. The length of stay has ...

Continue reading Demand for Easter Holiday Rental Accommodation Up 46%

April 10th, 2014

The British department store chain, Marks & Spencer, plans to return to Spain after abandoning the Spanish market nearly 14 years ago, following the sale of their stores to El Corte Inglés. The company has included Spain as a priority market in its international development plan, and intends to have ...

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April 10th, 2014

The region of Valencia has established itself as the leader in Spain for home sales to foreigners in the last quarter of 2013, with 33.6% of the national total and 13,436 transactions. This is according to the report on the last quarter of 2013 prepared by the Commission for promoting ...

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April 9th, 2014

Recorded unemployment in Spain fell by 16,620 in March over the previous month, putting the total number of unemployed persons registered with the Public Employment Services at 4,795,866. This is the best recorded unemployment result for March since 2006. Over the last five years, recorded unemployment in March has increased by ...

Continue reading March Unemployment Figures Best Since 2006

April 9th, 2014

The average house price in Spain fell by 6.3% during the first quarter of 2014, compared to the same period in 2013, to stand at 1,270 euros per square metre, according to the Sociedad de Tasación. Thus, the price of homes, both new and used, have accumulated a decline of 47.1% ...

Continue reading House Prices Have Fallen by 47% Since 2007

April 7th, 2014

In March, the Spanish Social Security system gained around 83,984 additional contributors (+0.52%), its best figure in this month since 2007, which puts the total number of employed contributors at 16,296,288, the Ministry of Employment reported last week. In addition, year-on-year the social security membership increased by 0.71% in March, the ...

Continue reading Spanish Social Security System Gained 83,984 Contributors in March

April 7th, 2014

The mortgage debt outstanding for home purchases stood at 606,774 million euros at the end of February 2014, according to the latest data released by the Bank of Spain, which is down 4.4% from a year earlier. Moreover, this figure represents the lowest level registered for this debt since April 2007, ...

Continue reading Mortgage Debt for Home Purchases at 2007 Levels

April 4th, 2014

The unemployment rate in the eurozone remained stable in February at 11.9%, where it has stood since October 2013, according to the latest data from Eurostat, which is one tenth less than the unemployment rate registered in February 2013. In the whole of the European Union (EU), the unemployment rate in ...

Continue reading Eurozone Unemployment Stood at 11.9% in February

April 1st, 2014

The number of licenses granted for new construction for residential use in Spain stood at 2,608 units in January, which is a decrease of 20.3% compared to the same month last year, when there were 3,274 licenses issued. According to data published by the Ministry of Development, the total number of ...

Continue reading New Building Permits Down 20.3% in January

March 26th, 2014

Spanish real estate network Look and Find said in a statement that: "the number of people who are of the opinion that it's a good time to buy a home, after the price declines that have taken place over recent years, is continuing to grow, little by little". El Mundo ...

Continue reading Good Time to Buy a Home, Say 39% in Online Survey

March 25th, 2014

Between January and February Spain received 6.2 million tourists, which is an increase of 11.8% year-on-year compared with the first two months of 2013, according to the Frontur tourist border movement survey published on Friday by the Ministry of Industry, Energy and Tourism. 3.11 million tourists visited the country in February, ...

Continue reading International Tourist Arrivals Up 11.8% to February

March 25th, 2014

According to a recent real estate investment study carried out by KPMG, based on the opinions of around fifty investment fund heads surveyed who invest in the European market, Spain is the second country with the best real estate investment opportunities for these funds. 71% of the respondents viewed Germany ...

Continue reading Spain – Second Destination Worldwide for Real Estate Investment Funds

March 24th, 2014

The number of Spaniards choosing to live abroad increased by 6.6% in 2013, and now exceeds two million people, who have mainly chosen Argentina, Cuba, Ecuador, the United States and France in which to settle. According to the Register of Spaniards Resident Abroad, published by the National Statistics Institute, as ...

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