• Prince of Asturias Opens FITUR 2013

    The XXXIII edition of the FITUR international tourism fair was inaugurated yesterday by the Prince of Asturias. Marking the second consecutive year of regional cutbacks, the fair opened with an exhibition area of 56,500 square metres, which is 9.6% less …

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  • Swedish Home Buyers Up 138%

    The percentage of Scandinavian citizens buying homes on the Spanish coast is growing every year, making them one of the leading nationalities looking for bargain properties in areas like the Costa del Sol and the Costa Blanca. Between 2008 and …

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  • Munich and Berlin Lead European Ranking for Property Investors

    According to a recent study by auditing and consulting firm PwC and the ULI institute (Urban Land Institute) in which property investors were optimistic, Munich and Berlin are the most attractive real estate markets in Europe. This is the first …

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  • Foreign Tourism Revenues Reached Record Highs in 2012

    Spending by foreign tourists in Spain reached nearly 56,000 million euros in 2012, representing a 5.7% increase, according to data released yesterday by the Ministry of Industry. This is a new peak in the historical series, which has been measured …

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  • De Guindos Optimistic Over Growth of Spanish Economy

    The Spanish Minister of Economy and Competitiveness, Luis De Guindos, has expressed his view that the Spanish economy will stabilise in the third quarter of 2013 after a “very long” crisis and that the Gross Domestic Product will start to …

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  • Mortgages Fell 31.6% in November

    According to the latest figures released yesterday by the National Statistics Institute, the number of new home mortgages stood at 19,115 in November 2012, which is a drop of 31.6% over the same month of 2011. The year-on-year decline in …

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  • 1,645,851 Foreign Contributors to Spanish Social Security in December

    The number of foreign citizens registered in the Spanish social security system fell by 17,823 in December (a drop of 1.07%). In year-on-year terms, the number of people from outside Spain registered in the system has continued to fall and …

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  • Home Rental Prices in Spain Fell by 4.7% in 2012

    Home rental market prices continued to fall in Spain in 2012 and ended the year with an average rent of 598 euros per month, which represents a decrease of 4.7% compared to 2011, according to figures gathered by real estate …

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  • Number of Spanish Households Unemployed Up 16.43%

    According to the latest data from the Labour Force Survey, the number of households in Spain with all its members unemployed reached 1,833,700 in 2012, which is 258,700 more than in 2011 and represents an increase of 16.43%. The data, …

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  • House Prices Down Most in Toledo and Barcelona

    According to the latest data released by real estate valuation company, Tinsa, Toledo is the province where house prices have fallen most since the end of the property boom, with a drop of 45.5%, followed closely by the provinces of …

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  • Global Unemployment Will Exceed 200 Million this Year

    The International Labour Organization (ILO) warns in their latest report, published on Tuesday, that the number of people unemployed worldwide will increase by a further 5.1 million in 2013, to reach over 202 million, despite the moderate rise in production …

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  • Spain Brand – Second in World Tourism Sector Ranking

    While the Spanish Government have highlighted the promoting of the ‘Spain Brand’ as a top priority, there are areas where much of the work has already been done. According to the annual tourism edition of the Country Brand Ranking report, …

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  • Spain on Storm Alert

    The Meteorological Agency (Aemet) yesterday issued storm warnings for snow and wind which will affect all regions of Spain over the next few days, particularly Galicia, the Cantabrian coast and the centre of the country, which they have put on …

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  • Spain Again Ranks Among the 20 Most Globalised Economies

    Spain has once again been placed among the 20 most globalised economies in the world, after climbing a position after three years at No. 21 in the ranking prepared by Ernst & Young. However, this improvement has occurred even though …

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  • Spain’s Royal Budget Cut to 7.93 Million Euros

    The Casa del Rey released figures yesterday to explain the distribution of the 7.93 million euros to be received by the institution from the State Budget, which is 4% less than 2012 and equates to a saving of 330,570 euros. …

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