Spain clamps down on undeclared employment and the black economy
Over 400,000 people have been found working illegally in the last 5 years Fátima Báñez, the Minister for Employment in the national government of Spain, stated this.. Read More
Spanish property sales up by 9.9 per cent in February
Average prices are also heading upwards across Spain It is now approximately three years since it became apparent that the downward spiral in Spanish property sales was coming to an end after over.. Read More
March air passenger numbers up by 4.5 per cent at Spanish airports
International tourism boosts traffic in Malaga and Alicante Further evidence was provided this week of the continuing boom in the international tourism sector in Spain, with the news that passenger.. Read More
Wine consumption in Spain rises after decades of decline
More wine is consumed per person in the UK than in Spain! There was a time, roughly a generation ago, when hardly any Spanish lunch or dinner table was complete without the presence of a bottle.. Read More
1.2 per cent rise in property sales in Spain this February
The 12-monthly Spanish property sales total is the highest for 6 years The latest property residential property sales figures which were published on Monday morning by the Spanish government may.. Read More
Property in Spain after Article 50: reasons to be cheerful after Brexit
Uncertainty in the Spanish real estate market is tinged with optimism for various reasons This week, as Theresa May finally pushed the exit button and triggered Brexit, concerns resurfaced in.. Read More
Spanish construction sector turns to housing as public spending decreases
Hopes are high that housing will compensate for the falling demand for infrastructures One of the sectors of the Spanish economy which suffered most during the years of economic crisis was that.. Read More
British tourist spending in Spain up by 20 per cent so far this year
Brexit is having little effect on the spending budget of British visitors Following the publication last week of government statistics which show that the number of foreign visitors to Spain.. Read More
New 50-euro notes come into circulation on Tuesday
Don't worry: these are not poor fakes, they are real notes! Tuesday 4th April sees the introduction throughout the Eurozone of a new 50-euro banknote, the intention being to make it longer-lasting.. Read More
Unemployment in Spain dropped by almost 50,000 in March
The out-of-work figure is almost 10 per cent lower than a year ago Critics of the Spanish government constantly express doubts over the sustainability of the country's economic recovery, citing the.. Read More
Mortgage interest rates still falling in Spain
The Euribor closed March at its lowest monthly level yet The analysts are all in agreement that the Euribor inter-bank offered rate on which most mortgage repayment schedules in Spain are calculated.. Read More
Property prices rise by over 10 per cent in Barcelona and Alicante
The property recovery in Spain is still a 2-speed affair say Tinsa The latest report published on Friday by leading property valuation firm Tinsa concludes that the average price of housing in Spain.. Read More
14 per cent more British tourists visited Spain this February
The British were again the largest market for international tourism in the Canaries, Valencia and Andalucia The number of foreign visitors coming to Spain continues to rise significantly, with all.. Read More
VAT on cultural events in Spain cut from 21 to 10 per cent
Relief for the performing arts in Spain after 4 years of high taxation Four and a half years after the Spanish government's austerity measures included the controversial increase of VAT on tickets.. Read More
Spain attempts to assess the impact of Brexit
Economic and political changes may affect various aspects of Spanish society The big story in the European news this week is the activation of Article 50, by which Theresa May officially began.. Read More
Property mortgage lending in Spain reached 5-year high in January
Low interest rates continue to tempt buyers all over Spain There may be worries in Spain about the political stability of Mariano Rajoy's minority government, about the potential effects of Brexit.. Read More
BBVA forecasts 2.5% increase in Spanish property prices this year
Conditions are still favourable for moderate growth in the Spanish real estate market The latest property market analysis carried out by experts at the BBVA bank concludes that in general terms 2017.. Read More
Spanish notaries report January increases in property sales and prices
Both measures are continuing prolonged upward trends The varying sources of data regarding the state of the Spanish property market rarely agree exactly on how prices and sales figures are evolving.. Read More
Spanish air passenger numbers up by 5.1 per cent in February
The sharpest increases were fuelled by international tourism in Malaga and Alicante Largely as a function of the continuing boom in the international tourism sector in Spain, passenger numbers at.. Read More
Spanish property sales hit 4-year high in January
The busiest markets in Spain were in the Balearics and the region of Valencia The number of residential property sales recorded by Spain's property registrars during January rose by 18.1% in comparison.. Read More
Spanish property prices rose by 4.5 per cent in 2016
Major cities and the Balearic and Canary Islands race ahead in a two-paced recovery The recovery in property prices throughout Spain continued during 2016, but at very different rates from region.. Read More
British tourist spending in Spain up by 25 per cent in January
Brits stayed longer and spent more in Spain than in January 2016 Following the publication earlier this week of data which showed that Spain welcomed 3.9 million foreign visitors during January.. Read More
Spanish unemployment fell slightly in February
The jobless total is now 400,000 lower than a year ago in Spain February is not generally an encouraging month as far as the unemployment figures in Spain are concerned, but 2017 appears to have.. Read More
27,000 ducks slaughtered in Girona bird flu scare
The latest bird flu outbreak in France appears to have crossed into Spain It appears that the latest outbreak of avian flu, or bird flu, which has affected poultry in France has now crossed the.. Read More
Spanish mortgage market grew by 14 per cent in 2016
The average loan capital in Spain increased by 2.8 per cent last year The upward trend in the number of mortgages being extended to residential property purchasers in Spain continued during December.. Read More
Inflation in Spain remained at 3 per cent in February
Spain maintains its highest inflation rate since 2012 The latest provisional data regarding the retail price index in Spain show that the annual inflation rate in February remained at 3%, the same.. Read More
Average property prices rose by 1.5 per cent in Spain last year
The Ministry of Development reports a more modest rise than other sources The latest property price data to be issued this week come from the Ministry of Development, who agree with other sources.. Read More
Spain could be the big winner in Peugeot-Opel merger
As the only European country where carmaker PSA's production overlaps with that of Opel, Spain could deliver the quick cost savings sought by PSA boss Carlos Tavares to convince investors to back.. Read More
Brussels warns Spain of widening rich-poor divide
The economic recovery is not eliminating inequalities from Spanish society The European Commission's latest report on Spain warns that the country's much-vaunted economic recovery is not as solid.. Read More
Spain's trade deficit falls 22.5 percent in 2016
Spain's trade deficit fell 22.5 percent to 18.8 billion euros (£16 billion) in 2016, the second lowest since 1997, as exports rose to their highest level on record while imports shrank.. Read More
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