MADRID | By Julia Pastor | The number of foreigners who bought a house in Spain grew by 17% in 2012 reaching to 2008’s levels. For instance, 45% of houses in the eastern coast province of Alicante were acquired by outside investors.
MADRID | In Spain, dividends yields have traditionally been high, especially over the last few years, a report by the operator BME showed.
MADRID | The textile giant from Galicia has increased its stock capitalisation from $35 million in March of 2008 to $83 million in five years. Regarding Santander, its market value grew from $71 million against $125 million, according to a report by PwC.
MADRID | By Julia Pastor | There are not registers or official data about the real number of mortgages affected by floor clauses, but market sources estimate 80% of the whole.
MADRID | Jorge Holgado at Capitalmadrid | When premium risks go high in a country not everyone loses: insurance companies did a good business last year with Spanish debt, although investment in fixed income is not a short-term strategy of the sector.
MADRID | By Julia Pastor | Jobless numbers registered in Spanish public employment offices in last May dropped by 98,265 against market expectations of 50,000. It is a record high in this month since the unemployment data started to be collected in 1996.
MADRID | By Julia Pastor | Sareb would be preparing the selling of a portfolio valued at around €200M, which includes 38 houses located in Valencia and Andalucia, as well as a group of unfinished buildings.
Wages decline has put Spain back in the beginning of the century. But the warning sign for the country are citizens’ pensions: crucial for the most defenseless. Both President Mariano Rajoy and the Spanish society have an enormous stake in social welfare.
MADRID | By Julia Pastor | Small and medium size companies are the most vulnerable side of the European economy, but also the most powerful weapon to get out of the crisis. Germany will develop a €10 billion credit plan to move peripheral countries SMEs for their own export engine works.
MADRID | The new antifraud law in Spain is bringing surprises on the table: more than 130,000 tax payers have declared assets held in foreign countries with an estimated total value of 87.7 billion euros, more than the double of what Spanish Treasury estimated. The penalty is 150% of the tax due.