Spaniards Return Home for Property and Jobs

Spaniards Return Home for Property and Jobs

The Spanish revival continues with spain being

the best place to live in Europe  

The Spanish population is growing for the first time since 2011, increasing to 46.58 million at the start of 2017, according to the latest data from the Institute of National Statistics (INE).

The reason for the boost is three-fold; an increase in new births, a rise in expats and immigration and – perhaps most significantly – Spaniards returning home after leaving during the tough years of the recession, coming back to enjoy the strengthening Spanish economy.

The increase in new births is a clear signal that the youth of Spain are becoming more confident in their own financial situations, while it’s expected that immigration will rise as the economy grows.

But the biggest impact is coming from the amount of Spaniards returning home. IT’s estimated that over 50,000 Spaniards came back to the country between the first of January in 2016 and 2017. With them comes plenty of positives for the property and job markets of the country.

In the 12 months between the start of 2016 and 2017 for example, the population of the country grew by 89,000. However, there were 375,000 new jobs created in this time period, meaning that with 18.8 million people working in Spain the figuree is the highest it’s been in seven years.

Another important fact is that the employment boom is being seen in more stable industries than before – in the times when the credit bubble burst and destroyed the economy. The increase in jobs across 2017 is being seen in several industries including agriculture, construction, and hospitality. There has also been an increase in the demand for skilled workers.

Changes in Spanish population have typically correlated with changes to GDP since 2008, when both figures plummeted before rising a little in 2010 and sinking again in 2013. The GDP has risen steadily since then, even if the population figures took a little longer to catch up.

The trend is clear for now however; thousands of the young Spaniards who left Spain to make their lives in the UK, Germany, and across Scandinavia are returning home – better for their time away, with more financial stability and an eagerness to contribute to the continued recovery of the Spanish economy.

Javier Díaz Giménez, professor of economics at IESE Business School in Madrid believes that the economy is growing strongly and is much more balanced than it was back in 2007. The labour market by be evolving all the time, but there is no doubt that plenty of jobs are being created across the board.

The return of confident and willing workers is being felt in more than just the job market. The Spanish property market has also been expanding in an encouraging manner for the past three years now, complete with a noticeable increase in domestic buyers across the past 18 months.

Spanish Government Plans to Create 20,000 Public Sector Jobs Across Next Two Years

Spanish Government Plans to Create 20,000 Public Sector Jobs Across Next Two Years 

creating more jobs can only be good for everyone 

The Spanish government has pledged to create 20,000 additional public sector jobs leading up to 2019. The move is part of an effort to provide the official authorities and services of the country with more support. 

The El Mundo newspaper is reporting that 7,000 of these jobs will be for general state administrations, along with another 3,360 positions opening for the judiciary.

4,000 jobs will go to the Spanish civil service, social security, and tax authority institutions as Madrid is looking to boost the ability of the government in key areas. 

It’s expected that many of these prospective roles will be announced – and potentially filled – by the end of the year. If this is the case, it would be one of the most powerful recruitment drives ever by a Spanish government. The vice president of CSI-F – the majority union in the Central State Administration – spoke to El Pais; saying that the plan looks to ensure the viability of the administration which has seen young staff decimated in the past six years. 

The official data shows that only 1,388 of the 190,858 public sector workers in Spain are under 30 years old. This statistic shows not only how public sector roles have been the domain of the old and connected Spaniard, but also the need for a fresh young mindset and new ideas. 

This doesn’t help that absolutely zero public sector roles have been created in the country since 2010. Spain has been dealing with austerity since 2010, but the current economy is holding strong and prospects are good, giving the government the freedom to bolster the public sector while they can.

Data Shows Spain has Regained Half of Jobs Lost During Recession

Data Shows Spain has Regained Half of Jobs Lost During Recession

Spain really turned things around in 2016 and it looks like the success is set to continue into 2017. One particularly great statistic is that the Labour Ministry released data showing that Spain has now recovered 1.7 million of the 3.5 million jobs that were lost in the country during the recession.

Spain is recovering from all downturns even jobs

Over 540,000 Spanish people entered the workforce during 2016. This was the largest annual employment growth in over a decade and is a sign that the country has managed to succeed following the post-election reforms; adjusting perfectly to the improving economic situations of Europe.

Labour Minister Fátima Báñez says that there were 390,534 less people registered as unemployed in 2016; the largest drop ever in unemployment. Báñez said that the year was filled with confidence and hope and, while the journey isn’t over yet, Spain will continue to create jobs thanks to the efforts of everyone involved.

It’s incredible to look at the most recent employment charts for Spain. Around 2008 there was a sharp dip in the amount of Spaniards registered as employees (meaning they had a social security number), and it reached a peak low of 16.2 million in 2013. There has been an encouraging rise since then, and it’s expect that there will be over 18 million people in work by the end of 2017; the first time this number has been reached since 2009, before the recession really crippled the country.

There’s a lot of optimism to go around following a growth in GDP of 3% last year, along with predictions that this year will see similar rises and the cost of living being kept low. The end of the political deadlock after 10-months of seemingly endless fighting has also come to an end and left behind a government in the People’s Party that will need to learn the value of compromise.

While some are worried about the influence that the far-left Podemos and the centre-let Socialists could have on the PP, and that it could lead to less of the successful labour reforms Mariano Rajoy introduced when he held a majority government not being allowed to pass anymore, there are some economists who feel that the country can survive without additional reform.

It looks like the most sensible move to make would be to continue on the current path. Báñez says that the PP is ready to sit down with the other political parties to discuss how labour reforms could be improved, and promised that none of the changes to laws implemented, such as making it easier or employees to be hired and fired, would be repealed.