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Spanish mortgages market

Spanish economy 29th May 2025

Number of mortgages in March in Spain reaches 42,831, 44.5% increase in annual rate

Link Securities | According to data released yesterday by the National Statistics Institute (INE), the number of mortgages taken out on homes in March rose to 42,831, representing an increase of 44.5% year-on-year. The average amount of these operations was 156,698 euros, an increase of 14.3% in the interannual rate. In addition, the average amount of mortgages on the total number of properties registered in the land registries (from previously…

Fluidra piscina

Spanish economy 29th May 2025

Fluidra president concerned about US tariffs; company raises prices in North America by 3.5%

Link Securities | Fluidra (FDR) is concerned about the US tariffs due to the uncertainty they cause, although it recognises that, for the moment, they have had no impact on its accounts, according to the president, Eloi Planes, who told Expansión on Tuesday. The executive described the tariffs as a negative roller coaster for the economy and recalled that FDR has studied with its suppliers a realignment of the supply…

escriva

In Spain 29th May 2025

‘New’ Bank of Spain, factory of falsehoods

The arrival at the Bank of Spain of José Luis Escrivá, who left his ministerial portfolio with Sánchez to take control of the Bank of Spain and end the critical tone that the issuing bank maintained regarding the government’s economic policy, has already claimed several victims. The most prominent, a few days ago, was that of Ángel Gavilán, the entity’s Director of Economics, who, after presenting the issuing bank’s latest…

credit cards

Spanish economy 28th May 2025

Collapse of credit foreshadows more banking restructuring

Aurelio Medel (5 Días) | The fall in indebtedness of companies and families can be interpreted as proof of the improvement of their financial health, also as further evidence of the low investment made in Spain, or as a warning that the restructuring of the financial sector will continue. The decline in credit activity adds to a context of a permanent increase in capital requirements, which have placed the sector…

BBVA Holvi

In Spain 28th May 2025

Sánchez, pressured by Puigdemont, will decide on BBVA’s Sabadell takeover bid within 30 days

The Minister of Economy, Trade, and Business, Carlos Cuerpo, has finally decided to elevate BBVA’s public takeover bid (OPA) for Banco Sabadell to the Council of Ministers for the integration to be examined for reasons of general interest other than competition. This is a move expected by the market. Now, a period of 30 calendar days begins for the Council of Ministers to issue its opinion on the OPA. The…

utilities electricas

Spanish economy 27th May 2025

Competition authority plans to charge electricity companies 6.5% for networks and 6.4% for gas for next six years

Banco Sabadell : According to press reports, and confirming rumours that have been appearing in the press over the last month, the National Markets and Competition Commission (CNMC) is moving forward with its decision to approve a 6.5% remuneration for electricity distribution networks and 6.4% for gas for the next six years. Assessment: As for electricity, although the news is negative, it was already known that the proposal being considered…

Caixabank, Telefónica, El Corte Inglés or Iberdrola, the Spanish firms best prepared to confront 2019

Spanish economy 27th May 2025

Spanish companies lose competitiveness due to labour and tax regulations, according to World Bank

Labour regulation, the high tax burden, and the scarcity of qualified workers are the main obstacles to the growth of Spanish companies compared to others in the major global economies. This is reflected in the report “The Business Environment and the Private Sector in Spain” presented yesterday by the World Bank, after conducting a series of surveys in recent months among Spanish companies of all sizes and sectors. Especially those…

banco sabadell palmeras

Spanish economy 26th May 2025

Blackrock raises stake in Banco Sabadell to over 6.70%

Link Securities | National Securities Market Commission (CNMV) filings unveiled a new increase in US fund manager BlackRock’s stake in Banco Sabadell, Expansión newspaper reported. The latest purchases uncovered by the regulator have raised its weight in the bank’s capital to over 6.70%. In its previous notification, issued yesterday, the world’s largest asset manager had reported a 6.688% stake. According to CNMV records, the current 6.701% represents its highest stake…

Judges

In Spain 26th May 2025

Judges and prosecutors to strike on June 11th in response to “serious setback in the rule of law” posed by Government’s proposed legal reform

The formulation by the Ministry of Justice of a new Organic Law for the Expansion and Strengthening of the Judicial and Prosecutorial Careers has led a group of judges, magistrates, and prosecutors to call a strike on June 11th. According to the proposal of the new Law, any legal professional with 5 years of work experience could, after a report, enter the judicial or prosecutorial career without needing to pass…

DavidSanchez

Spanish Politics 23rd May 2025

President Sánchez’s brother goes on trial, and his hirer shows he’s capable of anything, gaining parliamentary immunity in less than 24 hours

David Sánchez, the Prime Minister’s brother, will go to trial for influence peddling and prevarication. The judge who investigated the case concluded that after Pedro Sánchez mentioned his brother was a musician, the PSOE leader in Extremadura, Miguel Angel Gallardo, created an ad hoc job for him as coordinator of the two music conservatories in Badajoz, whose provincial council Gallardo presided over. David Sánchez’s position was put out to tender,…