Spanish economy

spain housing market special

Government caps rents at 2% as inflation approaches 5% and allows tenants to stay for up to ten years

Government has approved a rent reform that caps rent increases at 2% in an effort to control prices. This comes on the same day it was revealed that inflation is approaching 5% due to the “change in economic scenario” caused by rising fuel costs across the economy. On one hand, prices are skyrocketing well beyond expectations; on the other, rent controls penalize around 1.3 million small landlords, who will have…

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FEDEA

Spain fails to close its 22-point productivity gap with Europe

Spain has spent nearly three decades without managing to converge in productivity with the most advanced European economies. Despite the economic growth and job creation recorded in recent years, the Spanish productive model continues to face serious difficulties in generating a sustained increase in value added per hour worked. This was highlighted by experts from the General Council of Economists of Spain (CGE) and the Foundation for Applied Economics Studies…