In Spain

vivienda

Best November in history for home sales in Spain: 58,546 transactions recorded

CdM | Home sales achieved their best November in the historical series. In total, 58,546 transactions were recorded, representing a year-on-year increase of 7.8%, according to data provided by the National Statistics Institute (INE). 21.8% of the homes sold in November were new and 78.2% were second-hand. Specifically, the number of transactions involving new homes increased by 4.1% compared to November 2024, with 12,742 transactions. Not so many had been…


3. Public debt

Spanish Public Debt Grows at Year-on-Year Rate of 4.7%

In absolute terms, Spanish Public Administration debt reached €1.698 trillion in November, representing a 4.7% year-on-year increase and a 0.3% rise compared to October. Meanwhile, the public debt-to-nominal GDP ratio—calculated according to the Excessive Deficit Procedure (EDP)—stood at 101.5% in November. This represents a decrease of 0.8 percentage points compared to the figure recorded in November 2024. Breakdown by Administration Level Central Government (The State): The debt balance reached €1.549…


bancos españoles nuevo

Solid but uneventful Q4 2025 for Spanish banks

Deutsche Bank | The 2025 fourth-quarter earnings season for Spanish banks will begin with Bankinter on 22 January and conclude with Sabadell on 6 February. Overall, we expect another solid quarter, with little change in the trends seen in Q3 2025, although with some seasonal adjustments typical of Q4. Net interest margin is likely to confirm a further recovery, helped by volumes, despite some additional effects from the interest rate…


precios inflacion tickets

Spanish inflation moderates to 2.9% at end 2025 thanks to petrol and despite food prices

CdM | Inflation stood at 2.9% at the end of 2025, representing a 0.1% drop in the year-on-year rate in December, thanks to lower petrol prices and despite the rise in food prices, according to final data published by the National Statistics Institute (INE), which confirm the preliminary figures. In detail, transport and leisure and culture were the groups that stood out most for their influence on the decline in…


sanchez elections

Sánchez runs out of narrative; neither governs nor stops Vox

Aurelio Medel (5Días) | The Prime Minister lacks the support to tackle serious problems (such as housing), and the far right is the primary beneficiary of this inaction. Every week, the Government proposes new regulations, marketing them as solutions to real problems of varying urgency and complexity, but they ultimately come to nothing. This past week, it was the regional financing reform (rejected even by regions governed by the PSOE)…


Montero

14 of 15 Autonomous Communities Reject New Financing Model Agreed Upon by Sánchez and Junqueras

The Minister of Finance, Mª Jesús Montero, met yesterday at the Fiscal and Financial Policy Council with the finance ministers of all autonomous communities—with the exception of the Basque Country and Navarre, which are privileged with an “economic agreement and quota” system (concierto y cupo) similar to what Catalan pro-independence supporters now aspire to achieve—to explain the new financing system agreed upon by the Government and the leader of ERC,…


spain savings rate

Spain Investors Day Kicks Off Today

Today, HM King Felipe VI inaugurates the 16th Spain Investors Day in Madrid. This forum brings together major investors, companies, government officials, and regulators over two days (from 9:00 AM to 5:30 PM at the Four Seasons Hotel) to exchange opinions, viewpoints, and concerns. According to Benito Berceruelo, founder of Spain Investors Day, “we must make Spain an attractive country and improve the things we are told to improve.” Regarding…


renewables

Belgian Courts Seize €482 Million from Spanish State-Owned Enaire Over Unpaid Renewable Energy Awards

The Belgian justice system has ordered the seizure of €482.4 million linked to Eurocontrol payments destined for Enaire, the Spanish state-owned air navigation service provider. This measure serves as a mechanism to guarantee the collection of outstanding compensation owed to investors affected by retroactive cuts to renewable energy subsidies. The move follows legal actions taken by OperaFund, a fund that obtained a favorable ruling in 2019 from ICSID (the World…


Closed

13,586 Stores Closed in Spain in 2025: 38 Every Day

Last year, 13,586 stores closed, averaging about 38 per day. This is the highest figure in recent years, according to data provided by the Union of Professionals and Self-Employed Workers (UPTA). Not even the Christmas campaign managed to mask the figures or save face: in December 2025, 2,347 businesses shut down, compared to 1,748 in the same month of 2024. This latest figure confirms that the “bleeding” of the retail…


Oriol Junqueras

Sánchez Abandons Socialism to Strike Regional Financing Deal with Catalan Separatist Junqueras: The More You Put In, The More You Take Out

Astonishment, nonsense, absurdity… the Spanish press is running out of adjectives to describe the sensation caused by the announcement from Catalan pro-independence leader Oriol Junqueras (who was pardoned by the Government). Junqueras claims to have reached an agreement with Pedro Sánchez to launch a new regional financing system that would mean nearly €5 billion more for Catalonia. Upon leaving his meeting with Sánchez, the separatist leader boasted of having persuaded…