Malaga sees highest growth in number of startup businesses in Spain opened since 2007
Due to the recent years surge in property sales, mortgage approvals and holiday bookings, the economy of Spain is back on track and with the sudden rise in the number of business startups gives a clear indication about the growth of economy. Malaga, the home to Costa del Sol has seen over 5,177 business startups opening in 2015, similar to the likes of how the economy was before the 2008 crash.
|Highest start-up businesses since 2007|
The annual growth seen in Malaga province was 8.5%; which is the highest for business property for sale in Andalucía, and the Seville province stood at around 1,500 startups opening in the same year, taking the second place.
As per the statistics provided by INE (National Statistics Institute), 9,443 companies were opened in Spain totally for January 2016 alone, which is a 14.7% year on year growth against January 2015.
Other communities such as Madrid, Cataluna and Andalucía also saw a massive growth in the number of business startups and the counts stood at 1,823, 2,183 and 1,570.
All the business startups this year predominantly belonged to the real estate, finance and insurance sector in Spain and collectively attracted a capital of nearly €293 million while the communications and telecommunications sectors in Spain saw a total of €2.22 million being infused.
The whole of Spain and the Costa del Sol is feeling positive changes and you can feel the optimism in the air. Investment has returned and growth is moving forward in the right direction.