Spain is the most searched for country by Brits looking to purchase property in Europe, according to one of the UK’s biggest online overseas property websites.
Data, collected over the past year, shows that an average of 2.5 million searches are being conducted per month by British buyers searching for a home in Spain. Read more »
British tourists spent €1,778 million in Spain during the month of May, representing an increase of 18.9%, according to the government’s central statistics unit.
British tourist numbers grew by 14% to just over 2 million and it would seem that falling sterling exchange rates have not curbed Brits spending habits as the average amount spent during their stay rises by 4.3% to €869, according to the data. Read more »
The number of people registered as unemployed in Spain fell by almost 100,000 in June to 3,362,811, according to Spain’s Ministry of Employment.
Since June 2016 Spanish unemployment levels have fallen by just over 10.7%, representing a drop of 404,000. In the same period unemployment amongst the under 25’s fell by 16.5%. Read more »
Spanish residential property prices will rise by 7.3% by 2020, according to a new report by Solvia.
With the Spanish property market recovery making huge progress over the past year, prospective buyers are once again considering Spanish property as a safe investment option. The renewed demand for Spanish property is pushing up property prices in prime locations across the country and analysts are forecasting that this year will be a key turning point for the property market. Read more »
New figures show that the British love affair with Spain is not over, as visitor numbers increase by 14% in May.
May often marks the start of the holiday season in Spain, with the warmer weather on the horizon many resorts get ready to welcome the crowds of holiday makers heading their way. Read more »
In 2016 fewer Spaniards left Spain and more immigrants came to make it their home, leading to the first rise in the Spanish population since 2011, according to a new report by the National Statistics Institute (INE).
The Spanish population has finally risen for the first time in five years by an impressive 88,867 people to create a total of 46.5million, due to Spain’s vastly improving economy. Read more »
Spanish property prices are forecast to grow between 4% and 6% by the end of the year, accompanied by a rise in demand for new-build and off-plan properties, according to analysts at CBRE.
Second-hand property sales in Spain dominated the market following the property crash in 2008, whilst new property developments and off-plan housing projects were put on hold as developers took and sit and wait approach to the crisis. Read more »
Luxury Hotel Byblos Andaluz in Mijas Golf has had planning permits approved by the council and will undergo a major refurbishment after the summer period, announces Mijas Mayor, Juan Carlos Maldonado.
The mayor says: “The deadlines are being met and, if everything continues to go to plan, once the summer season ends, this tourist attraction will have a green light to start refurbishments,” reports RTN online. Read more »