Monthly Sales Figures for Spanish Property Top 40,000

Monthly Sales Figures for Spanish Property Top 40,000

The Costa Del Sols continues to grow in property

valuation which is great news 

An analysis of Spanish property sales data by market valuation and appraisal firm Tinsa shows that transactions have stayed steady around the 40,000 mark for the last few months. The performance suggests that the Spanish property market is entering the next phase of growth; a sustained, steady, and encouraging stage of growth that comes after the rapid increases in property purchases found when markets initially recover.

The analysis from Tinsa runs up to the end of July, when 38,841 Spanish properties were sold. This represents a 16.8% increase over July of last year and also means that – taken as being the end of a 12-motnh period – property sales were at their highest level for over six years, reaching a total of 437,000.

All 17 of the autonomous Spanish communities recorded increases in sales, with Tinsa forecasting that there could be half a millionsales recorded in 2017 – which would be the largest figure for a decade. If this was to happen though, it would mean monthly sales averaged 44,000, which sounds a little too optimistic for the current market.

Even so, with sales figures growing steadily and the robust economy, the Spanish property market can be confident about the 2018 ahead of them.

Figures Show This Was the Best March Ever for Spanish Job Creation

Figures Show This Was the Best March Ever for Spanish Job Creation

Great news for spain as a whole

When it comes to Spanish job creation, all of the projections from economists are positive when it comes to the year ahead. Many experts are confident that Spanish unemployment could dip below 17%; making it the first time this has happened in years.

Data from the Labour Ministry of Spain was published this week that shows why there is such certainty about this recovery. The figures for March show that Spain created more jobs this March than in any other March since records began.

A total of 48,500 Spaniards entered the workforce in March, with the figure soaring above 392,000 for the past 12 months. This equates to everybody in a mid-sized city being given a brand-new job.

Eurostat suggest that the figure could be even higher. They feel that over half a million Spaniards have entered the working world over the past year; which is the equivalent of the entire population of Malaga.

The total amount of Spaniards not working has dropped down to just four million. The most striking thing is that, during the past 12 months, some 1.2 million new jobs were created in the entire 19-member strong Eurozone. This would mean that Spain was responsible for around half of everyone employed during this time period.

There are a wider range of jobs on offer in the country too. The amount of indefinite contracts has risen by 18% across the past year, outperforming growth in the temporary employment sector; which increased 14.5%. This would appear to symbolise a growing confidence in the long-term growth of the country.

As far as industries go; it was the construction sector of Spain that had the best growth in March. The construction sector was responsible for some 2.44% of the jobs created; putting it ahead of every other sector.

Andalucía Tourism Figures Grow 15% in January

Andalucía Tourism Figures Grow 15% in January

According to the latest data from the Spanish National Statistics Institute (INE), the number of overseas visitors heading to Andalucía – which, along with Malaga, comprises the provinces of Huelva, Cádiz, Sevilla, Jaén, Granada, Córoba, and Almeria – was up by a massive 15% in January of this year compared to the same period in 2016, while there was also an 11% increase in visits from Spanish nationals.

More records are broken again in Spain

Of all the 17 autonomous communities of Spain, Andalucía saw the largest increase by far, with a 7.7% increase in the Canary Islands, and a slight decrease of 1.8% for Catalonia. Andalucía welcomed over 13% of the 3.9million holidaymakers entering Spain from overseas in January. The Brits were the bulk of these tourists, with 25.2% of all tourists (521,116 visitors) coming from Britain, while 9.7% of the tourists were from Scandinavia.

As record-breaking as 2016 was, tourism professionals are confident that these numbers prove 2017 will be another landmark year for the country.

Spanish August Tourism Figures Smashed

Spanish August Tourism Figures Smashed

The Costa del Sol and Spain as a whole is continuing to

break all tourism records.  

Given how many people predicted it it’s hardly going to be considered a surprise that over 10 million tourists flocked to Spain during August.

The data from the National Statistics Institute (INE) is in and it shows that this number of 10.1 million visitors was an increase of 5.8% over last year and it continues the trend of smashed tourism records being smashed month after month.

Across the first eight months of the year the total amount of tourists who visited Spain reached a total of 52.5 million people – up 10% over the same time period of time last year. This boils down to a total of 5.2 million extra tourists this year for Spain. Much of the increase was caused by tourists choosing Spain over other popular destinations such as Turkey, Egypt and Tunisia over terrorism fears.

This increase means that Spain is set to smash their total figure of last year which was a record of 68.1 million tourists. In terms of nationality most of the tourists came from Britain and there was an increase of 13% in British visitors for a total of 12.4 million.

The amount of tourists from France and Germany is also on the up with 8.3 million and 7.6 million tourists from France and Germany respectively.

In terms of region Barcelona remained one of the most popular destinations to keep Catalonia as the most visited region in August with almost one quarter of all the tourists in Spain heading there. Next came the Balearics and the Canary Islands, with the Costa Del Sol coming in fourth in terms of visitor numbers.