Banco de España advocates raising retirement age beyond 67
The Spanish state pension system is under threat from population aging The standard retirement age in Spain is gradually being increased from 65 to 67 in Spain at present, the aim being to ensure.. Read More
Brits still account for over 2 per cent of property purchases in Spain
Brexit dents the figures but Spanish property still attracts buyers from the UK The residential property market summary for 2016 which was published on Monday by Spain's registrars shows that.. Read More
Registrars report 5.7 per cent rise in Spanish property prices
The market price of Spanish housing continues a 3-year bounce All of the data related to Spain's property market at present suggests that in the country as a whole both prices and sales figures are.. Read More
Passenger numbers rose by 10 per cent at Spanish airports in January
The upward trend of the last two years shows no sign of slowing The increase in passenger traffic at Spanish airports showed no signs of slowing down in January 2017, with the record results of.. Read More
EU raises Spanish deficit forecast for 2017
Spending cuts of over 4 billion could be required of the Spanish government The European Commission dealt a blow to the Spanish government over the weekend, when it upped its forecast for Spain's.. Read More
Tinsa report continuing Spanish property price recovery
The upward trend has been slow but steady over the last 12 months The latest report published on Tuesday by leading real estate valuation firm Tinsa concludes that in January of this year the average.. Read More
British Ambassador expects no decrease in Costa del Sol tourism post-Brexit
Simon Manley forecasts more British tourists in Malaga this year Simon Manley, the British Ambassador to Spain, took part on Friday in a forum concerning the future of the UK and Spain after Brexit.. Read More
Spanish mortgage instalments fall again as Euribor continues downward slide
The Euribor rate has been below zero for twelve months The Euro Interbank Offered Rate (or Euribor) on which most Spanish mortgage interest payments are calculated ended the month of January at yet.. Read More
British visitors propel tourist spending figures in Spain to record high
On average UK tourists in Spain spent 44.5 million euros per day in 2016 Having confirmed on Monday that the number of foreign visitors to Spain rose last year by 10.3% to 75.6 million, the government.. Read More
Prolonged drought hits 2016 olive oil production in southern Spain
Production is down by 60 per cent in Valencia and by half in Murcia The relatively heavy rain which has fallen over the last six weeks in the Region of Murcia will have come as a relief to many.. Read More
Spanish unemployment figure registers small January increase
The number of people out of work in Spain is 390,000 lower than a year ago January is not generally one of the best months for the unemployment figures in Spain as many people are laid off after.. Read More
Building permits up by 32.5 per cent in Spain
Rising sales figures lead to demand for new housing in Spain The recovery of the Spanish residential property market may not be as complete as some might hope for, with sales figures rising all over.. Read More
Almost 18 million UK tourists visited Spain last year
Spanish foreign tourist numbers rose by 10.3 per cent to 75.6 million The final data concerning the number of foreign visitors to Spain during 2016 were released by the government's central statistics.. Read More
Soaring electricity bills send Spanish inflation up to 3 per cent
This is the highest inflation rate in Spain for over 4 years Much has been written over the last ten days in Spain about the sharp rise in the cost to consumers of electricity, coinciding with the.. Read More
The Spanish economy grew by 3.2 per cent in 2016
Spain continued to recover despite political uncertainty last year The official data regarding Spain's Gross Domestic Product in the fourth quarter of 2016 were published on Monday morning, and show.. Read More
Spanish mortgage activity up by 32 per cent in November
Almost 15 per cent more mortgages in the first 11 months of 2016 in Spain The latest figures published on Friday regarding the number of mortgages registered relating to residential property purchases.. Read More
Unemployment fell by 11.3 per cent in Spain in 2016
Over half a million fewer out of work in Spain than a year ago The Spanish government's central statistics unit published the Active Population Survey relating to the final quarter of 2016 on Thursday.. Read More
Spanish notaries report 8.8 per cent increase in 3rd quarter property sales
Prices remained steady across Spain with an average rise of just 0.1 per cent The notaries of Spain published their report for the third quarter of 2016 on Monday, and informed that both sales.. Read More
Oldest nuclear power station in Spain could operate until 2031
The Garoña plant in the north of Burgos has been closed since late 2012 Spain's Nuclear Safety Council meets this Wednesday to begin debating whether to extend the working life of the.. Read More
Spanish electricity prices soar to record highs
Households across Spain braced for 20 per cent rise in electricity bills As demand for electricity soars due to the cold weather, and supplies from solar and wind power facilities dwindle, the result.. Read More
Electricity bills go up across Spain as the demand for heating soars
The cost of electricity reaches its highest level for over three years Earlier this week it was confirmed that the price of butane gas bottles was to rise by 5% in Spain, unfortunately coinciding.. Read More
Butane gas bottle price goes up on Tuesday
The price of gas bottles rises by 5 per cent to 12.89 euros All over Spain the amount of butane gas being consumed has increased dramatically over the last few days due to plummeting temperatures.. Read More
Spain-UK air passenger numbers rose by 15 per cent last year
Spanish airports were busier than ever before in 2016 Throughout last year the sharp increases in air travel and foreign tourism in Spain were well documented, and the year-end figures which were.. Read More
Ryanair consolidates position as the most used airline in Spain
The low-cost giant accounted for 15 per cent of all air passengers at Spanish airports in 2016 Irish low-cost airline Ryanair was again the busiest airline operating at Spanish airports last.. Read More
Spanish property sales up by 17.3 per cent in November
The recovery continues as sales rise in all 17 regions of Spain The increase in activity in the Spanish property market showed no sign of slowing down in November of last year, according to data.. Read More
Spanish hotel sector attracts international investors
The main focuses of investor interest are in Madrid, Barcelona and the Costas The annual hotel sector report compiled by JLL Hotels & Hospitality, which has been published this week, concludes.. Read More
UK tourists continue to spend more in Spain despite Brexit
In November British tourist spending rose by over 17 per cent As 2017 begins there is much uncertainty over the terms which will be agreed on for the UK's exit from the European Union, but within.. Read More
Spanish unemployment fell by 390,000 in 2016
The end-of-year figure of 3.7 million is the lowest for seven years The traditional increase in temporary employment over Christmas and the New Year resulted in the number of people registered as.. Read More
Spanish new-build property prices up by 3.3 per cent in 2016
Prices rose in all 17 Spanish regions according to ST Tasacion The end-of-year statistical bulletin issued by Spanish property valuation firm ST Tasación reports an average increase in the market.. Read More
Spanish new car sales rose by 11 per cent in 2016
The end of Spanish scrappage deals had only a slight effect on the market recovery There had been fears in the Spanish automobile sector that the ending of the government's ''PIVE'' scrappage deals.. Read More
Spanish manufacturing expanded at fastest pace in 11 months during December
Spanish factory activity expanded at the fastest pace in 11 months in December driven by strong orders and increasing output, a survey showed on Monday, adding to expectations of more economic growth.. Read More
Spanish economic growth propelled by retail spending
Economic Minister Luis de Guindos believes economic growth may have exceeded official projections for 2016 Spain's economic growth may have exceeded the 3.2 percent pace officially projected.. Read More
Banco Sabadell plans to close more branches to reduce costs
Other Spanish banks have also shed jobs this year Banco Sabadell will close 11 percent of its bank branches in Spain next year, a source at the bank said on Friday, as Spanish lenders continue to.. Read More
Mortgage activity still rising as Spanish banks rue EU floor clause ruling
13 per cent more mortgages on housing in Spain this year than in 2015 During what has been a bad week for Spain's Banks in terms of the EU ruling regarding ''abusive'' floor interest rate clauses.. Read More
Notaries report 1.5 per increase in Spanish property prices in October
The general trend remains positive in terms of both prices and sales figures The latest data regarding the property market to have been published by Spain's notaries once again provide a mixture.. Read More
Zara owner Inditex keeps up with weather forecasts to boost sales growth
Inditex the world's biggest clothing retailer and owner of Zara, used its ''fast fashion'' model to adapt to warmer than usual autumn weather, speeding up its sales growth in recent weeks and staying.. Read More
October Spanish property sales up by 6.5 per cent
Sales have risen by over 13 per cent in Spain this year The latest figures to be published by the government's central statistics unit regarding residential property sales in Spain show that during.. Read More
Spanish property prices up by 4 per cent
The increase is fuelled by buoyancy in Catalunya, Madrid and the Balearics Much has been written in recent months on the subject of underlying price trends in the Spanish property market, with the.. Read More
No Brexit dent in Spanish tourist spending figures
Brits spent 9.3 per cent more in Spain this October Figures published last week showed that the bumper year for tourism in Spain continued in October, with the number of visitors from abroad rising.. Read More
Unemployment rises in November for the first time in Spain since 2012
There are still 360,000 fewer people out of work in Spain than a year ago The trend regarding unemployment figures in Spain has been a downward one for approximately the last three years, but during.. Read More
Spain expands deadline to privatise Bankia by two years
The Spanish government will pass a law on Friday giving it until end-2019 to privatise state-rescued lender Bankia in order to recoup the most possible from its injection of funds as part of a 2012.. Read More
Spanish government poised to increase tobacco and alcohol taxes
The EU deficit limit makes tax increases necessary in Spain As the Spanish government strives to convince the European Commission that it is making sufficient efforts for next year's deficit target.. Read More
Uneven property price trends in Spain as November index shows 1.1 per cent fall
Property values in the Balearics and Barcelona continued to rise in value in November The relatively fragile nature of the recovery in Spain's property market was underlined this week by the latest.. Read More
Spain falls short in attracting premium intercontinental tourism
The big spenders from China and USA head for France and the UK rather than Spain The latest figures regarding international tourism in Spain underline the fact that 2016 is breaking all records.. Read More
Foreign visitor numbers up by 11 per cent in Spain in October
No Brexit effect discernible as British visitors fuel the Spanish tourist industry The bumper year for tourism in Spain continued in October, according to the figures published by the government'.. Read More
Spain's Banco Popular to replace chairman after shareholder revolt
Spain's Banco Popular will replace Chairman Angel Ron on Thursday after shareholders revolted over a plan to spin off billions of euros in toxic assets and shares plumbed new lows. Ron has led Popular.. Read More
Impact on insurers from Britain's vote to leave the EU
Insurers operating in Britain must continue to be able to sell their products freely across the European Union after Britain leaves the bloc, an insurance trade body said on Wednesday. The International.. Read More
Spain must maintain policy of fiscal consolidation says Rajoy
Spain must continue with its current policy of fiscal consolidation, Prime Minister Mariano Rajoy said in a conference in Madrid on Wednesday. ''At a national level, we must maintain the policies.. Read More
Spanish court to grill billionaire Villar Mir over contract rigging allegation
Spanish billionaire and former finance minister Juan Miguel Villar Mir will face questioning by a judge over alleged irregularities in the award of a hospital construction contract to his real estate.. Read More
Only 20 per cent of young Spanish adults fly the nest before the age of 30
Many young Spaniards are caught in poverty while others choose to stay at home The latest report analyzing the lifestyles of young adults in Spain has concluded that in the second quarter of this.. Read More
Inflation in Spain remains at 0.7 per cent in November
Analysts forecast a rate of 2 per cent in Spain next spring The preliminary data released on Tuesday by the Spanish government's central statistics unit report that the inflation rate in November.. Read More
Spanish property prices edge 1.6 per cent higher in third quarter
The most significant increases are in Madrid, Catalunya and the Balearics The latest statistics made public by the Ministry of Development regarding residential property prices in Spain report a.. Read More
Spanish economy to maintain growth rate in fourth quarter
Spain's economy is expected to continue growing in the fourth quarter at a similar rate to previous quarters this year which have averaged year-on-year growth of 3.3 percent, Economy Minister Luis.. Read More
Mortgage activity in Spain up by 10 per cent in September
The residential property mortgage figures rose in all 17 regions of Spain The Spanish property market currently appears to have achieved a level of stability or gradual growth which could only be.. Read More
Spain begins annual Christmas food collection
110,000 volunteers take part in the 2016 grand foodstuffs collection Friday 25th November is not only Black Friday, but also, in Spain, the start of the annual campaign to collect food for those.. Read More
Spanish government defeated as parliament votes to increase the minimum wage
Defeat for the PP as parliament votes to raise the figure to 800 euros per month The minority PP government of Spain is learning quickly how difficult it will be for them to govern effectively in.. Read More
7,000 more join the Spanish millionaires club
There are currently 386,000 dollar millionaires in Spain The latest worldwide wealth report compiled by Credit Suisse estimates that the number of millionaires in Spain rose during the 12 months.. Read More
Spanish mortgages are the third most expensive in Europe
Banks raise interest rates in Spain despite the continuing fall of Euribor In the past it has frequently been the case that Spanish mortgages have been among the cheapest in Europe, but now, as the.. Read More
Is this the Brexit effect? Registrars show less Brits active in Spanish property market
Sales to UK nationals were down by 16 per cent in the third quarter of 2016 The third quarter report which was issued on Thursday by Spain's property registrars contains mixed news, with prices.. Read More
Mixed news for the Spanish real estate market from property registrars
Spanish property prices held down by falling new-build sales The third quarter report which was issued on Thursday by Spain's property registrars contains a mixture of good and bad news, with sales.. Read More
Spaniards expect to spend 4 per cent more this Christmas
The Spanish are the second highest Christmas spenders in Europe As Spain gradually emerges from the years of economic crisis there are concerns that many individuals are still at risk of living below.. Read More
Spain let off EU sanction for exceeding budget deficit
EU funding will not be withheld from Spain in 2017 The European Commission announced on Wednesday that the EU funds earmarked for Spain will not be frozen as a punishment for the country having failed.. Read More
Increasing second hand sales bring average Spanish property prices down
The notaries of Spain report a 3.5 per cent fall in property prices As the long-awaited recovery in the Spanish residential property market struggles to become consolidated across the whole of the.. Read More
Spanish bad bank hopes to sell 1,500 more homes by Christmas
Property bargains are plentiful in the Mediterranean regions of Spain Sareb, the ''bad bank'' which was created in Spain to manage and sell property assets acquired by other banks during the years.. Read More
Gas price goes up in Spain as temperatures drop
After a balmy summer the autumn has finally settled in and just as temperatures drop, up goes the price of gas! The maximum price of a standard gas bottle as established by the Spanish government.. Read More
Latest Spanish property price data point to slight decrease
The most buoyant market appears to be in the Balearic Islands The latest residential property price survey published this week by the Hogaria portal show that during the month of October the average.. Read More
All eyes on the Spanish budget as the EU reduces economic growth forecast
Luis de Guindos faces a tough battle as he attempts to balance the books Just days after Luis de Guindos was sworn in for his second term as Minister for the Economy in the new Spanish government.. Read More
September Spanish property sales figures show 13.2 per cent growth
The running 12-monthly sales total has almost returned to 400,000 in Spain The latest residential property sales figures to be published by Spain's central statistics unit show that the number of.. Read More
Black Friday on 25th November marks the start of Christmas shopping in Spain Optimism over the forthcoming Christmas period is rife among the owners of Spain's small retail outlets, according to.. Read More
Spanish property prices up across the board, say Tinsa
Prices up by 3.8 per cent this year in the Balearics and the Canaries The latest property price data published by leading valuation firm Tinsa on Friday show that although there has been little variation.. Read More
No Brexit effect: Brits spent 13.1 billion euros in Spain during first nine months of 2016
British visitors boost record September tourist spending figures in Spain Brexit or no Brexit, the love affair of the British public with the Costas of Spain shows no signs of cooling, with record.. Read More
More jobs in Spain but at what cost?
Oxfam urges the Spanish government to raise the minimum wage The latest unemployment figures in Spain appear to reinforce the notion that the years of economic crisis are now well and truly in the.. Read More
Spain still has nearly double Eurozone unemployment rate
Euro zone unemployment dips to 10 percent in September Euro zone unemployment was 10.0 percent in September, unchanged from a downward revised 10.0 percent in August and in line with expectations.. Read More
Spanish government welcomes positive unemployment news
The annual October increase in unemployment was the lowest in ten years The number of people who are officially registered as unemployed in Spain rose during October by 44,865 (or 1.2%) to 3... Read More
Timid Spanish residential construction recovery continues
Building licence requests are up by over 35 per cent in Spain this year The latest statistics published on Monday by the Ministry of Development show that during the month of August building licences.. Read More
Rajoy sworn in as Prime Minsiter of Spain for second term
The new minority government may struggle to maintain control Mariano Rajoy was sworn in for a second term as Spain's prime minister on Monday but his minority administration may struggle to govern.. Read More
Spanish retail sales continue steady recovery
Spanish retail sales increased 3.2 percent in September on a seasonally-adjusted basis from a year earlier, with growth slowing slightly from a revised 3.3 percent rise in August, the Central Statistics.. Read More
Over a quarter of all visitors to Spain in September were from the UK
British tourists boost September visitor numbers in Spain The bumper year in the Spanish international tourism sector continued in September, according to data published on Monday, with a total.. Read More
Spanish mortgage figures boosted by fixed rate loans
During August almost a third of mortgages in Spain were on fixed interest rates One of the most striking aspects of the latest data published regarding residential property mortgages in Spain is.. Read More
Inflation in Spain rises to 0.7 per cent
Rising fuel costs boost the retail price index in Spain An inflation rate of 0.7 per cent may not be very high, but in Spain, after a long period where the retail price index has been kept down by.. Read More
Unemployment in Spain dips below 20 per cent for first time in 6 years
The number of people out of work has fallen by over 10 per cent in 12 months The day after Mariano Rajoy announced during the presidential investiture debate that he is prepared to negotiate almost.. Read More
Mortgage activity still on the up in Spain
The banks are still keen to lend as the Spanish property market recovers The latest mortgage data published by Spain's central statistics unit on Thursday show that the amount of activity on residential.. Read More
Brussels puts pressure on the new Spanish government
5.5-billion-euro budget adjustment for 2017 at the top of the to-do list Even before the new Spanish government has been formed the EU authorities in Brussels have left a message making it quite.. Read More
Notaries confirm continued Spanish property market recovery
Both sales figures and average prices rose in the second quarter of 2016 The latest detailed statistics regarding residential property sales in Spain which were published on Monday by the country.. Read More
BBVA expects Spanish property market recovery to continue in 2017
The forecast is for 6.5 per cent more sales and a price rise of 3.5 per cent There may be doubts over key issues in Spain at the moment, including the machinations to form a new national government.. Read More
Notaries provide mixed news for the Spanish property market
Spanish real estate sales continue to rise while prices fell in August The latest data published by the notaries of Spain show that the number of residential property sales completed during August.. Read More
Rental price movements underline fragmented Spanish property market
The general trend remains upwards especially in Catalunya and the Balearics It has been commented on many times over recent months that the nationwide property market indicators in Spain, which in.. Read More
Tourism boom continues to set passenger number records at Spanish airports
More passengers this year at all of the 16 busiest airports in Spain The latest statistics published by Aena, the management company which runs almost all of Spain's airports, show that during September.. Read More
Spanish government urges regions to curtail excess spending
The biggest culprits this year are the governments of the Basque Country and Madrid As Spain continues to struggle to reduce its annual deficit in order to meet EU requirements the Ministry of Hacienda.. Read More
Spanish economy will grow by more than 3.1% in 2016
However it will miss its 2017 target due to current political limbo Spain's economy may grow by more than 3.1 percent in 2016, up from the current official target of 2.9 percent, despite political.. Read More
Spanish caretaker government lacks authority to draft new budget
Spain will submit its 2017 budget to Brussels on Friday Spain's caretaker government expects to beat this year's deficit target set by Brussels but will fall short of next year's goal, business daily.. Read More
August stats show another sharp rise in Spanish property sales
Over 35 thousand sales were registered in August for the first time in six years The latest residential property sales statistics published on Friday 7th October show that during August 35,501.. Read More
UK visitors spent 74.6 million euros per day in Spain during August
August figures set new tourist spending records in Spain The foreign tourism sector was one of the first to show growth when the Spanish economy began to emerge from its prolonged slump a couple.. Read More
Spaniards becoming more concerned at the lack of central government
Over 11 per cent of Spaniards are worried by the failure to form a government The latest barometer survey carried out by Spain's Sociological Research Centre (CIS) shows a number of interesting results.. Read More
Spain is one of the biggest beneficiaries of EU infrastructure funding
Nearly all of the EU's 315 billion investment fund has gone to the richest countries in the EU Nearly all of the money spent so far from the European Union's 315 billion euro investment plan.. Read More
Spanish mortgage interest rates set to stay low for 2 more years
Fixed rate mortgages could continue to grow in popularity in Spain One of the factors underlying the increased activity in the Spanish property market over the last 18 months has been the record.. Read More
September unemployment figures increase for second consecutive month across Spain
The jobless total amongst the under 25's rose by nearly 25,000 The number of people in Spain registered as out of work with the state unemployment agency rose by 0.62 percent in September against.. Read More
The tourism boom continues in Spain as British visitors dominate
August figures show that Spain continues to receive record tourist numbers The latest figures published by the Spanish central statistics unit show that the number of foreign tourists who visited.. Read More
Slight Spanish property value increase masks significant regional variation
Madrid, Barcelona and the Canaries lead the property value recovery in Spain The latest quarterly Local Markets Report published by leading Spanish property valuation firm Tinsa last Friday confirms.. Read More
Inflation in Spain returns to positive territory after over a year
The rate of 0.3 per cent in September is due to higher fuel and electricity prices According to provisional data relating to the month of September the annual inflation rate in Spain has now climbed.. Read More