• Average Price of Urban Land Rose by 5.9% Y-o-Y in the First Quarter

    The average price per square metre of urban land in Spain climbed by 5.9% in the first quarter of 2015, year-on-year (first quarter of 2015 over first quarter of 2014), to stand at 149.9 euros, while compared to the previous …

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  • Drivers in Andalucía Paid Most in Traffic Fines in 2014

    Spain’s Dirección General de Tráfico (DGT) recorded a total of 421,071,494.88 euros in traffic fines imposed and collected between 1st November 2011 and 24th March 2015, reported Miguel Angel Heredia, Secretary General of the PSOE, in a meeting of Parliament. …

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  • Holiday Home Market Picking Up in Coastal Areas

    The holiday housing market continues to be affected by the adjustment of prices and the absence of new developer activity in the greater part of the Spanish coastal areas. However, according to a report prepared by the real estate appraisal …

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  • Toll Motorway Traffic Rose by 6.8% in First Quarter

    Traffic using the toll motorways in Spain increased by 6.8% in the first quarter of the year, to an average of around 14,041 vehicles per day, according to data from the Ministry of Public Works. The pay road network is …

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  • OECD Praises Spain’s Reform Efforts

    Spain has managed to create half a million jobs with a level of growth below the threshold necessary in the past for creating jobs, which is something that the Organisation for Economic Co-operation and Development (OECD) attributes to the reforms …

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  • Spanish Government Approves New PIVE Plan

    The Spanish Government’s Council of Ministers last week approved a Royal Decree renewing the Efficient Vehicle Incentive Programme, PIVE 8 Plan, following the success of the previous versions of the plan, and the resulting positive effect on the Spanish economy …

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  • Gas Cylinders to Cost a Maximum of 14.12 Euros from Today

    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 …

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  • GDP Will Rise to 2.9% and Unemployment Will Drop to 22.2% in 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 …

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  • Foreign Social Security Contributors Rose by 34,974 in March

    The number of foreign citizens registered with the Spanish Social Security system stood at 1,563,343 in March, representing an increase of 2.29%, or 34,974 additional contributors, over the previous month, the Spanish Government website, La Moncloa, reported this week. Compared …

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  • Urban Land Prices Rise by 5.2%

    According to the latest land price statistics published this week by the Spanish Ministry of Development, in the fourth quarter of 2014 the average price of land, per square metre, rose by 5.2% year-on-year, to stand at 155.6 euros, returning …

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  • Butane Gas Cylinders Drop to 15.8 Euros

    From this week, the maximum price of a butane gas cylinder will drop by almost two euros, from 17.5 euros per bottle to 15.8 euros, taxes included, according to the new formula that sets the calculation of prices of bottled …

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  • House Prices Register First Quarterly Increase Since 2008

    According to a report released last week by the Spanish Government’s Ministry of Public Works, the average price of private housing in Spain rose by 0.5% in the last quarter of 2014, representing its first quarterly increase since the start …

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  • Anti-Fraud Measures Net Spain a Record 12.3 Billion Euros in 2014

    The Spanish Government’s Minister for the Treasury and Public Administration Services, Cristóbal Montoro, announced earlier this week that the Spanish State Tax Office (AEAT) collected revenues of 12.32 billion euros in 2014 via its tax control activities. This figure is …

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  • Repsol Abandons Canary Islands Project

    Repsol has decided to abandon their controversial exploration of hydrocarbons in the Canary Islands after finding that the discovery of gas there (from methane to hexane) is insufficient in quantity and quality in order to merit extraction.  The company said …

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  • “Spain has Overcome the Worst of the Crisis”, says Rajoy

    Attending the last Council of Ministers meeting of 2014, the Spanish Prime Minister, Mariano Rajoy, reiterated that 2014 has been a year of recovery for the country and that the Spanish economy is forecast to take-off in 2015. He also …

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