Articles tagged as: spanish economy

November 18th, 2014

According to a report carried out by independent financial advisors, Arcano, entitled 'The Case for Spain III: Plus Ultra', the real estate sector and construction will be the engines of economic growth in Spain in 2015, as well as company and household financing. The fall in fuel prices could also boost ...

Continue reading Real Estate and Construction Will Boost Spain’s Economic Growth in 2015

November 10th, 2014

According to the IMIE Local Markets House Price Index for the third quarter of 2014, published last week by property appraisers, Tinsa, the average price of housing in Spain fell by 4.3% in the third quarter, compared to the same period in 2013, accumulating a decline of 40.3% since the ...

Continue reading House Prices Fell by 4.3% Y-o-Y in Q3

November 6th, 2014

The Bank of Spain’s latest Financial Stability Report, the institution’s six-monthly publication which analyses the evolution of the risk, solvency and profitability of deposit institutions, finds that the adjustment in the Spanish property market is nearing its completion, and even corroborates some other organisations' statistics, which are already pointing to ...

Continue reading Bank of Spain Notes ‘Timid Spikes’ in Housing Prices

November 4th, 2014

The Spanish economy occupies 33rd position among the 189 countries that make up the 'Doing Business 2015' global ranking, after offering greater ease of doing business, as reflected in the 12th annual report prepared by the World Bank Group, which examines the regulations that enhance or hinder business activity. Last ...

Continue reading Spain Climbs World Bank’s Global ‘Doing Business’ Ranking

October 17th, 2014

The Consumer Price Index (CPI) rose by 0.2% in September compared to August, and increased by three tenths year-on-year, to -0.2%, due to higher prices of electricity, food and non-alcoholic beverages, especially fresh fruits and vegetables, the National Statistics Institute reported on Tuesday, thus confirming the year-on-year data estimates published ...

Continue reading Annual Inflation -0.2% in September

October 13th, 2014

Spanish tourism has enjoyed a good summer, according to Exceltur, the Alliance for Tourism Excellence, who on Thursday shared the Ministry of Industry’s optimism over the sector, following the publication of the foreign tourist arrivals figures, which showed an increase in visitors of 8.8% up to the end of August ...

Continue reading Spanish Tourism GDP Up 2.9% June to September

October 2nd, 2014

The Spanish Government has improved its macroeconomic forecast for Spain and now estimates that GDP will grow by 1.3% this year, instead of the 1.2% previously forecast, and that it will accelerate to 2% in 2015, compared with 1.8% estimated earlier, due to the improvement in both private consumption (+ ...

Continue reading Spanish Government Estimates 622,000 New Jobs by 2015

September 22nd, 2014

In a report released last week, the credit rating agency, Moody's, said that in their opinion, the recent signs of improvement being seen in the Spanish economy will not immediately translate into a sustainable increase in housing prices, but rather in a slowdown in their rapid decline. High unemployment, excess housing ...

Continue reading Improvement in the Economy Will Not Raise House Prices, Says Moody’s

September 15th, 2014

The Spanish economy has emerged from recession and returned to growth thanks to the far-reaching reforms implemented in the country, which have led to improvement in international competitiveness. This was the main conclusion of the 2014 Economic Survey of Spain, prepared by the OECD and presented in Madrid last week by ...

Continue reading Spain’s Economic Competitiveness Improves Thanks to Reforms

September 10th, 2014

In the first eight months of 2014, Madrid City Council granted a total of 2,741 licences for the construction of new housing, a figure which is 35% more than in the same period in 2013, announced the deputy mayor of the capital, Enrique Nuñez, at a press conference after the ...

Continue reading Madrid Issues 35% More Licences to Build Homes

September 3rd, 2014

Last week El Economista reported on the real estate industry in Spain, saying that, despite some recent encouraging data on mortgages and purchases, the crisis of the ‘brick’ seems to have become endless. The latest Spanish GDP data shows that the investment in housing contracted by 0.4%, accumulating 26 consecutive quarters ...

Continue reading Real Estate Sector: 26 Quarters of Decline

July 30th, 2014

The collapse in house prices recorded in Spain in recent years could come to an end next year, when the real estate sector will experience a moderate recovery as a result of improving economic conditions and the growing interest of foreign investors, says the ratings agency Standard & Poor's, which ...

Continue reading S & P Predicts End of Falling House Prices in Spain for 2015

July 22nd, 2014

Speaking at an event organised by the Chambers of Commerce of Andalusia, the President of the Spanish Government, Mariano Rajoy, maintained that the fiscal consolidation and structural reform policies implemented by the Government, together with the strengths of the Spanish economy, have enabled Spain to return to growth and job ...

Continue reading Rajoy Reiterates Success of Structural Reforms and Commitment to SMEs

July 21st, 2014

For the first time since the crisis erupted back in 2008, official statistics are beginning to show signs of improvement in the Spanish business sector. So far this year, the census of companies, which is controlled by the Social Security, has seen an increase of more than 45,000 companies, representing ...

Continue reading 25% of New Spanish Companies are in Real Estate or Construction

June 24th, 2014

According to surveys carried out by the Ministry of Industry and Tourism with hoteliers in Spain, the hotel occupancy rate in August is expected to rise to 78%, which is 6 percentage points higher than in the same month last year. For the month of July, the prospects are also ...

Continue reading Hotel Occupancy in Spain Expected to Near 80% in August