Online bank transfers between EU countries can now be done instantly thanks to the introduction of a new system.
Many Spanish banks, including Santander, BBVA, Caixabank, Bankia, Sabadell and Abanca, have already subscribed to the system which allows instant online money transfers up to a value of €15,000. Bankinter is still deciding whether it will offer its customers this service since they can already carry out such transfers using the Bizum system. Read more »
The number of properties sold across Spain reached a nine year high in 2017, with all 17 regions reporting increases.
Annual sales figures show a total of 464,423 properties were bought and sold in Spain last year, climbing from the 312,000 low in 2012 to the highest number recorded since the 2008 property crash. Read more »
A landmark ruling means British expats could fight for EU citizenship after Brexit, reports newspaper The Olive Press.
Since the UK’s decision to leave the European Union, many expats have been left in the dark as to what will happen to their residency and citizenship rights once the country signs the ‘divorce bill’ and leaves. Read more »
Property prices in major Spanish cities rise 5.1% and 4.1% in the Balearics and Canaries.
The Spanish property market is continuing to grow as residential property prices continue to maintain the upward trend. In January, home prices across the country rose by an average 3.6%, compared with the same month last year, according to new data from property valuation firm Tinsa. Read more »
Spain welcomed a record 81,786,000 tourists last year with the Brits making up the biggest proportion of international visitors.
The British love affair with Spain remains ever strong after a record breaking 18.78 million UK tourists visited the country last year, final international tourism figures show. The number of British tourists in Spain rose by 6.2% from 2016 and accounted for almost 23% of total international visitor numbers. Read more »
A concerning number of British expats living on the Costa del Sol are not registering on the padron.
Data collected on January 1st 2018 shows that 1,630,615 people are officially registered as residents in Malaga province, a drop of 16,162 from the same time last year, according to the National Statistics institute. Read more »
Another year of rising house prices is predicted for Spain
Spanish property prices will increase for the fifth consecutive year in 2018, growing by an average 6.1%, forecasts the Instituto de Práctica Empresarial (IPE) in their Property Outlook report.
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Unemployment in Spain continues to fall despite slight rise in the fourth quarter (Q4), new survey shows.
The number of people out of work in Spain fell by 11.12% last year, representing over 470,000 job offers, according to the Active Population Survey (EPA). Read more »