In Spain

housing spain

Price of completed housing in Spain rises 13.4% year-on-year in November

Alphavalue / Divacons | Housing purchases by legal entities in 2024 reached their highest level since 2007, although this increase did not alter the structure of the market, as individuals continue to account for more than 89% of these transactions in Spain. On the other hand, the price of completed housing in Spain rose by 13.4% year-on-year in November, according to the Tinsa IMIE general price index, due to the…

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pensioners

OECD calls on Spain to reform pensions to make them sustainable

The Spanish pension system has been in deficit for some time. Thus, this year, the payment of pensions will require a fund transfer of €50 billion that the Government must provide by diverting funds from other budget items. This amount—€50 billion annually—is exactly equivalent to what the Spanish State obtains by borrowing in the markets to finance the public deficit: €50 billion, or 3% of GDP. The OECD warns that…