Bank of Spain warns of a housing bubble with properties overvalued by up to 8.5%
THE Bank of Spain has warned that steep rises in property prices are being pumped up by overvaluation. It puts overpricing at between 1.1% and
Bank of Spain director and Pedro Sanchez ally resigns for ‘cooking the books’
A MAJOR scandal has erupted at the Bank of Spain following the resignation of Angel Gavilan, its Director of Economy, just 24 hours after presenting
The Bank of Spain tells shoppers what to do over preventing costly mistakes when using bank and credit cards
THE Bank of Spain has warned shoppers to keep their bank and credit card receipts in case a mistake is discovered later on. A rising
Spain ups its growth forecasts for 2024 and 2025 despite devastating DANA floods
THE Bank of Spain has raised this year’s economic growth forecast and also upgraded its prediction for 2025. That’s in spite of the Valencia flood
Spanish PM Pedro Sanchez is under fire after appointing government minister and ally as new Bank of Spain chief
PEDRO Sanchez has been accused of ‘colonising’ the independent Bank of Spain after reports emerged that a government minister is set to be announced as
Planned Airbnb crackdown backfires in Sevilla: HUNDREDS of tourist apartments are registered ahead of new regulation
A PLAN by the local council in Sevilla to limit the number of tourist apartments in the southern Andalusian city has backfired, with landlords and
Spain will need 24 million migrant workers until 2053 to shore up pension system, warns central bank
THE Bank of Spain has warned that the country’s economy will need around 24 million migrant workers until 2053 if the pension system is to
Have a mortgage in Spain? This is when your repayments will go down this year, according to the national bank
AMONG the many factors that have contributed to the recent cost-of-living crisis in Spain is the rise in interest rates, which has jacked up the
Black Friday disruption as Bank of Spain wants answers over payment platform crash
THE BANK OF SPAIN is seeking clarification after pre-Black Friday problems with the country’s Redsys payments network. The platform went down on Thursday with Bizum
Firms in Spain see business volume nearly double in 2022, despite tensions in the economy
SPANISH companies nearly doubled their business volume in 2022 compared to the year before, thanks in large part to the energy sector. This is despite
First digital euro token to be tested under watchful eye of Bank of Spain
THE Bank of Spain will allow a digital euro token to be tested by Malaga-based payment gateway firm Monei. It will be the first use
Spain’s Vueling Airlines becomes first European budget carrier to accept cryptocurrency
SPAIN’S Vueling Airlines will allow cryptocurrencies as payment for fares later this year. The low-cost carrier says it will be the first budget airline in
Man in Spain’s Lugo province finds millions of pesetas hidden in old house but can’t exchange half of them
It’s the dream of anyone who is exploring an old house: finding wads of banknotes stuffed away in hiding places. That’s exactly what happened to
Interest rates are rising in Spain and Europe but, despite inflation, Euribor remains below 1%
THE Bank of Spain has confirmed that the 12-month Euribor closed July at a monthly average of 0.992%, compared to 0.852% in June. This continues
Spain’s annual inflation rate falls more than expected due to lower fuel prices but food costs rise
SPAIN’S annual inflation rate dropped to 8.4% in April according to figures published on Thursday by the National Statistics Institute(INE). The 1.4% drop on the
Food price rises take Spain’s inflation rate to levels not seen since 1992
RISING food and fuel prices have rocketed Spain’s inflation rate to its highest figure an almost three decades. Inflation stands at 5.6% up by 0.2%
Inflation rate in Spain soars back up to the days of the peseta
SPAIN’S inflation rate has soared to 5.5% due to steep energy price rises. Figures from the National Statistics Institute(INE) for October were 1.1% higher than
Spaniards hoard €1.6billion of now worthless pesetas after missing deadline to exchange
THE Bank of Spain has revealed that the nation has lost a whopping €1.6billion in hoarded pesetas that were not exchanged before the final deadline.
Bank of Spain estimates the economy will shrink by up to 13% this year due to coronavirus crisis
THE Bank of Spain has estimated that the economy will shrink by up to 13% this year.
Future is bright as Spain’s economy grows in line with expectations
As for the future, the Bank of Spain expects the country's economy to grow by 2.4% in 2018 and by 2.1% in 2019 and 2020.
Catalunya referendum could lead to recession, fears Bank of Spain
THE Catalan crisis could see Spain’s economic forecast slashed by 60%, bank chiefs have warned. Bank of Spain bosses also believe fears over independence for
Spain’s richest 10% hold more than half the country’s wealth
New Bank of Spain figures show the wealthiest tenth of Spanish households hold 52.8% of the country’s wealth
Britain’s Brexit plans ‘potential threat’ to Spain’s economic progress
Bank of Spain is also concerned about upcomming European elections in France and Germany
Relative property values in Spain
Why do bank valuations differ from the buying price?
Bankia produced rigged accounts to sell stocks to investors
The state-owned lender Bankia presented error-strewn accounts during its corruption probe
Bank of Spain bursts into flames, with three injured in the blaze
Emergency services are fighting to bring the fire under control