Spain Property Sector: Prices Go Up, Sales Increase, Mortgages Rise
The new upward cycle in the property sector seems to be consolidating. Positive proof of that is the fact that housing prices have been increasing for the last two years.
Spanish economy
The Complexity Of Spanish Exports
Spanish exports have seen solid growth over the past few years. Moreover the range of destinations has broadened and the products exported diversified. However, CaixaBank Research points that there is still one important issue to resolve: the complexity of exports.
Spain Households’ Savings Target Investment Funds
Spanish households reduced their savings efforts marginally in the third quarter of 2017. Despite the Spanish banks’ attempts to offer positive returns on deposits against a backdrop of negative interest rates from the ECB, families are looking for greater returns from other kinds of financial assets like investment funds.
Spanish Average Electricity Bill Rose 10.8% In 2017, 88€ More Than Year Earlier
An average user’s electricity bill rose 10.8% in 2017 from a year earlier, according to Facua-Consumidores en Acción (Consumers in Action). Whatsmore, Facua denounces the “brutal” 16% increase in tariffs for energy consumed.
Spain Ranks Second In Global Tourism
BancaMarch | According to the World Tourism Organisation (WTO)’s forecasts, Spain beat the US in 2017 in terms of the number of foreign visitors to its shores. The country received 82 million, just behind France with 89 million. Spain also came in second place in the ranking in terms of global spending, which reached over 60 billion euros in 2017, almost 11% more than a year earlier. The US topped…
Spain Misses the Point on the Financial Crisis
The Spanish Parliament has set up a special Committee to scrutinise what led to the financial crisis ten years ago. But the craving for finding individual culprits will overrun any reasonable attempt to search for the simple truth that no one could foresee the crisis.
The First Flat To Be Sold In Bitcoins In Spain
We have read that in Tarragona, a province in Catalonia, a flat has been sold for 40000 bitcoins, because that’s what the owner wanted.
Spanish Companies: From Autarchy To Overseas Expansion
Spanish companies without any subsidies or bailouts have turned themselves around and transformed the former autarchy into a country decidely open to the overseas market.
Spain Ends 2017 With The Largest Job Creation Figures Since 2005
Spain ended 2017 with 611.146 more people in a job, a notable improvement on the results of the previous four years. The number of people signed on with the Social Security rose 3.4% to 18.460.201 from a year earlier.
The Socimi Hispania becomes the biggest hotel owner in Spain
Hispania has become the sole owner of Bay Hotels & Leisure by acquiring Grupo Barceló’s 19.5% of the company for an agreed price of 172,4 million euros, according to a statement filed by the socimi with the Spanish stock market regulator. Hispania is now the largest hotel owner in Spain.