Spain’s economic growth is set to pick up as domestic demand benefits from an improving labour market, easier financing conditions, greater confidence and lower oil prices. Net exports, by contrast, are expected to dampen growth, although this effect will gradually diminish this year and next, as Spain’s competitiveness improves. At the same time, the government deficit should continue to narrow. More..
The average price of a built property (whether new or used) fell 2.7% in January compared with the same month of 2014, according to the latest report by Spanish appraisal company TINSA More..
This year could be the year where all indicators on the health of the property market emerge from the red.
Eurozone’s fourth largest economy defies deflationary threat to record its best performance since 2008
In the third quarter Spanish property purchases by foreigners stood at 13.10% of the total, a new record, according to the ‘colegio de registradores’, which has you can imaging is being seen as a very positive sign that we all hope will continue. The British appear to be the largest group of foreign buyers, making up 18% of the total, followed by French, Russians and Germans.
“MONEY is pouring in from everywhere,” said Emilio Botín, chairman of Santander, Spain’s largest bank, late in 2013. Others in southern Europe might say the same as they stumble over representatives of foreign-investment firms legging it round office blocks and down-at-heel plants looking for the deal of the century. More..
Spain has turned the corner. The recovery started in the second half of 2013 and gained strength in the first quarter of this year, with the economy growing at the fastest pace since 2008. Led by robust exports and a sharp improvement in financial market conditions, confidence has recovered and is feeding into rising private consumption and business investment. Critically, labor market trends are improving. We expect the recovery to continue over the medium term. More..
Hello Blog readers!
Apologies for the lack of new content over the last few (errr….. many) months. This has not been due to laziness on my part, but due to a large increase in sales that has resulted in your truly being unable to dedicate the time needed to posting new content on our Costa del Sol property blog. More..
The Spanish Government plans to hike the cost of generating electricity at home using renewable sources like solar power, in a move that will penalise many who live off the grid in rural Spain, like the famous author Chris Stewart.