Tourism Spending In Spain Beats Records Once Again
Tourism spending in Spain in the month of July totalled 11.902 billion euros, up 16.3% from 2016 and, yet again, beating records. Accumulated spending for the year totals 49.119 billion.
Tourism spending in Spain in the month of July totalled 11.902 billion euros, up 16.3% from 2016 and, yet again, beating records. Accumulated spending for the year totals 49.119 billion.
Spain’s property sector continues generating good news: housing purchases over the last two years have been rising at double digit rates, prices increasing ten months in a row around 4%. Real estate companies as well as Socimis underlie behind this positive trend. Merlin Properties is a top pick in the real estate sector. It has a portfolio of top quality, diversified assets.
The problem in Spain’s economy: it’s that productivity is hardly apparent in the breakdown of GDP between the amount of work (number of hours worked) and the residue, which is productivity.
Home prices in Spain rose 4.4% year-on-year in Q2’17, according to the Price Index for Repeated Home Sales published by the Property Registers College. Prices have now been increasing for 10 consecutive quarters,
After a brief look through the main international newspapers and publications, if there is one thing that’s clear it’s that the dominant view is there will be no referendum in Catalonia. And if it does take place, it will have zero effect. In other words, it won’t bring the region independence.
Nick Ottens via Atlantic Sentinel | Accusing Catalan nationalists of attempting to profit from a terrorist attack is not going to change minds. A little empathy, by contrast, and maybe a little bit of compromise, would go a long way.
CaixaBank Research | Spain’s property sector is on the up and up again, as can be seen from the trend in housing purchases over the last two years. These have been rising at double digit rates, fuelled by a recovery in the jobs market combined with favourable financial conditions.
After MIFID1, which was launched 10 years ago with the aim of improving investor protection, MIFID2 (Markets in Financial Instruments Directive) is now on its way, bringing even more meticulous and demanding operating objectives and rules.
Fernando Rodríguez |In Spain, socially responsible investment (SRI) (which focuses on criteria such as environmental sustainability, social justice or corporate governance) has gone from zero to 170 billion euros, about 40% of total collective investment in the last 15 years.
I am the first one to say that we need to change the level of importance that tourism has in our economy, but the proportionate importance. Not get rid of the industry all together.