With a 4.5% GDP growth rate in 2018, Malaga continues to lead economic development in Andalucia. Seville with 24.2% of the total GDP in the region & Malaga with 20.6%, represent almost half of the economic activity in Andalucia, as reported by “Instituto de Estadística y Cartografía de Andalucía.” The Malaga Mayor recently presented a […]
The latest set of data regarding the residential property market to come from Spain’s notaries was published the 10th of April, reporting year-on-year increases of just 3.2 per cent in sales figures but a far more significant 10.6 per cent in mortgage activity in February 2019 across the country as a whole. These latest data […]
The publication by the government’s central statistics unit of the residential property sales data for the month of February 2019, showing that the number of transactions was 5.3 per cent higher than in the same month last year at 43,695. Although this marks a return to growth after the first year-on-year decrease for ten months […]
The leading Spanish property valuation firm Tinsa published its latest batch of monthly data regarding the market value of housing across the country on Tuesday the 5th of March, reporting that in the month of February on-going recovery in prices across the country appeared to slow a little. The year-on-year increase of 4.1 per cent […]
The huge Intu commercial and leisure park planned for Torremolinos will soon begin construction, it has been announced. After years of delays and setbacks, British developer Intu revealed on Friday that the first batch of contracts had been awarded to builders Dragados and Sando, which collectively form the Temporary Union of Companies (UTE). The €160 […]
The investment group Mabel Capital, owned by the Balearic businessman Abel Matutes (son of the former minister and businessman of the same name) and his partner Manuel Campos Guallar, has landed on the Costa del Sol with a project for the construction of more than 30 luxury seafront homes. The company, based in Madrid and […]
The number of Spanish home sales inscribed in the Land Registry in October rose by 17% compared to the same month last year, show the latest figures from the National Institute of Statistics (INE). There were 39,600 Spanish home sales inscribed in the Land Register in September, and 43,536 if you include subsidised homes (known […]
Housebuilding in Spain has created around 85,600 new jobs over the last year, according to Employment Ministry data. The Ministry’s and Spain’s National Institute of Statistics (INE) Survey of Active Population (EPA) showed the construction industry was among the biggest sectors driving job growth. It came second to the services sector. The EPA also showed […]
The latest provisional data published by the Spanish government’s central statistics unit show that the annual inflation rate in December was 1.2 per cent, 0.5 points lower than in the definitive report for the previous month and a full point below the level where it remained for six months between May and October. Should the […]
The latest data made public by the property registrars of Spain seem to indicate that the real estate market in this country is in very good health indeed, showing a year-on-year increase of 9.4 per cent in average prices and a 13.4 per cent rise in sales figures. In terms of sales figures, the total […]