A complete archive of Spanish Economy News
Spain's socialist party, the PSOE, led by current prime minister Jose Louis Zapatero, have won a second term in office after narrowly beating the main conservative party, the Partido Popular. Without a majority Zapatero will need to agree a coalition with the left wing IU to form a government.
Spain's main mortgage reference rate, the Euribor, fell during the first month of 2008 to 4.5 % from 4.79%, the biggest monthly fall in 6 years. While this is excellent news for those looking for new mortgages in Spain....
An article in yesterdays UK Financial Times highlighted some of the woes of the Spanish economy, namely rising inflation and the ongoing credit squeeze amongst many of the regional and national saving banks
A recent report from Unicef identified Spain and Mallorca as the 5th highest ranking country in Europe for happiness of children. The netherlands, Sweden, Denmark and Finland took the top 4 places while the UK languished in 21st spot.
Spanish inheritence tax is a complicated business based on the different relationships between the donor and the receiver. Particularly at risk are unmaried couples and step children.... More »
Latest statistics from the Bank of Spain indicate that economic growth during the first 4 months of 2008 has fallen short of expectations. This fall to an annual equivalent rate of 2.8% is blamed largely on external factors, specifically the international financial crisis.... More »
One of Spain's largest banks, the Santander (owner of the Abbey in the UK) estimates that Spain's economic growth for 2008 will be a still robust 2.5% although down from the actual 3.8% growth for 2007.... More »
As part of a package of financial incentives aimed at confronting the economic slowdown, the Government announced last week that homeowners will be permitted to extend the term of their mortgages, thus reducing monthly repayments, without any notary or land registry fees.... More »
Construction activity, which along with tourism was the motor behind much of the Spanish economic boom of the last few years, continues to fall at a rate much higher than elsewhere in Europe.... More »
