Rising interest rates cause big fall in new mortgages for house buyers in Spain
NEW HOME mortgages granted in April fell by 18.3% compared to a year earlier according to figures from the National Institute of Statistics published on
Bank of Spain improves its economic forecast for remainder of 2023
THE BANK OF SPAIN has raised its economic growth forecast for 2023 to 2.3% from 1.6% in March as activity picked up more than expected
Spain’s banks told to pay out more to savers as interest rates climb
BANKS in Spain have been told to start paying clients better rates for their savings as interest rates continue to climb. The call has come
Inflation falls in Spain in May, but remains stubbornly high for foodstuffs
INFLATION in Spain fell to 3.2% in May according to the country’s National Statistics Institute (INE), but the rate for foodstuffs remains stubbornly high at
Spain’s government to keep VAT reduction on essential foodstuffs in place
SPAIN’S economic affairs minister announced on Monday that the government would keep in place a current VAT reduction on essential foodstuffs, until prices have fallen
Spain’s inflation rate reaches lowest number in almost two years
INFLATION in Spain is at its lowest rate since July 2021 with core inflation- excluding food and fuel prices- down for the third consecutive month.
New mortgages slump as real estate market continues to slow down in Spain
THE NUMBER of new property mortgages fell by 15.7% in March compared to a year earlier according to figures from the National Statistics Institute(INE). 36,182
With elections looming, president of Spain’s Valencia region claims ten multinational companies plan to invest in area
THE PRESIDENT of the Valencian Community, Ximo Puig, has said that the region is waiting to close agreements with ten multinational companies with an investment
Food inflation in Spain slows down by nearly 4% in April
FOOD INFLATION in Spain was 12.9% in April compared to prices a year earlier, according to data published on Friday by the National Institute of
Trade unions in Spain sign deal with key employer groups for guaranteed wage rise of 10% over three years
A WAGE DEAL amounting to at least 10% rises in pay packets for many workers in Spain has been agreed between major employers associations and
Meta’s planned data centre for Toledo town will require ‘660 million litres of water a year’
A PLANNED data centre that will serve Facebook and Instagram owner Meta is due to be built in the Toledo municipality of Talavera de la
Inflation is what people worry about most in Spain- says survey
THE regular monthly 40dB barometer public opinion survey conducted for the El Pais newspaper and SER radio puts inflation as the biggest concern for people
Road hauliers desperate for 2,000 extra lorry drivers in Spain’s Costa Blanca and Valencia areas
A VALENCIAN COMMUNITY road haulage federation says the region is short of 2,000 drivers which is causing serious problems with deliveries. The FVET says the
Spain is largest ‘eurozone’ country with biggest ‘real wage’ fall in 2022
SPANISH workers suffered the most of any large Eurozone country as their real wages got hit by high inflation in 2022. The Organisation for Economic
Percentage of Spaniards at risk of poverty or social exclusion falls two points to 26%
THE PERCENTAGE of Spain’s population that is at risk of poverty or social exclusion fell by nearly two points in 2022 to 26%. That’s according
Spain probes electricity companies over hiking up low prices for French buyers
SPAIN is investigating 35 electricity companies over allegedly selling cheap power at hiked prices to French buyers. The probe has been launched by Spain’s competition
High inflation is stunting growth for Spain’s food sector
HIGH food inflation is stunting the growth of Spain’s food sector according to a report published on Tuesday by the country’s Federation of Food and
Shareholders back controversial move by infrastructure giant Ferrovial to take head office from Spain to the Netherlands
SHAREHOLDERS of infrastructure group Ferrovial voted on Thursday in favour of the company’s controversial plan to move its holding company to the Netherlands. The announcement
Mercadona to lower the price of 500 products until the end of the year
Mercadona has decided to slash the prices of 500 daily products from this April until the end of the year. The Spanish supermarket giant intends
All change? European Commission comes ever closer to scrapping one- and two-euro-cent coins
THE DAYS OF sorting through near-useless one- and two-euro-cent coins among your change could soon be over in Spain and the rest of the eurozone,
Spain’s inflation rate tumbles to lowest figure since 2021
SPAIN’S inflation rate in March clocked in at 3.3% according to preliminary figures from the National Statistics Institute issued on Thursday. That’s down on February’s
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
Balearic islands set to be region with highest economic growth in Spain this year
The Balearic Islands will be the region with the highest economic growth in Spain this year, according to new research. National bank BBVA made estimates
Spain’s economy grew by 5.5% in 2022, surpassing government forecast
SPAIN’S economy grew by 5.5% last year- the same rate as in 2021- according to figures released by the National Statistics Institute(INE) on Friday. The
Bank of Spain forecasts double-digit food inflation rate to continue for rest of 2023
THE Bank of Spain has offered little respite to food shoppers with its prediction on Wednesday that double-digit food inflation will continue for the rest
Spain’s King and Prime Minister herald start of construction of new electric car battery factory in Valencia
VOLKSWAGEN’S electric car battery company PowerCo has started construction on its new plant at Sagunto in Valencia province which will become operational in 2026. The