Less than 7% of Employees Usually Work From Home in Spain
Decrease Helping To Sustain Demand for Quality Offices in Mixed-Use Central Locations
The percentage of employees who regularly work from home has declined in Spain since the pandemic, after it doubled in 2020.
Housing Prices Keep Rising in Spain
No Sharp Price Correction Is Expected for 2024 Although Uncertainty and Risks Remain
The Spanish residential market continues to show strength despite the economic slowdown and high interest rates.
Prospects for Spain in 2024
Outperformance of the Economy and Good Supply-Demand Dynamics Could Support Real Estate Investment
Spanish economy is outperforming the eurozone with gross domestic product growth forecast at 2.4% for 2023 compared with just 0.5% for the eurozone. The main drivers for this healt...
Retail Sales Continue To Grow in Spain
Resilient Labour Market and Tourism Support Retail Sales in Spain
Retail sales in Spain increased by 0.8% quarter-on-quarter in the third quarter, according to Oxford Economics, while sales in the Eurozone follow an opposite trend and declined by...
Foreigners Account for Over 15% Home Purchases in Spain in the Third Quarter
Purchases by Foreigners in Spain Decrease at a Lower Pace Than Domestic Demand
Foreign buyers play an important role in the Spanish residential market.
Spain GDP Growth Moderates in the Third Quarter Due to Subdued External Demand
Economy Weakens But Still Outperforms the EU Average
Gross domestic product grew by 0.3% quarter-on quarter in the third quarter according to the advanced data of Spain’s National Statistics Institute. This is 0.1 percentage point le...
Housing Transactions in Spain Fall by 14.4% Year-on-Year
Drop Accelerates but Sales Remain Above 2019 Level
The number of housing transactions fell by 14.4% year-on-year in August down to 49, 252 according to the data released in October by the National Statistics Institute. Sales have ...
New Businesses in Spain Reach Highest Level Since 2008
The Positive Figures Are Driving Demand for Flexible Office Space
The number of new companies created in Spain grew by 11.8% year-on-year in August, rising for eight months in a row, according to the latest data published by the National Statisti...
Overnight Stays in Spanish Tourist Accommodations at a Decade High
The Dynamism of the Tourist Sector So Far Points Towards a Record Year
The Spanish tourist sector has strongly recovered to pre-COVID levels according to the latest data published by the Spain’s National Statistics Institute.
Industrial and Logistics Building Consents in Spain Fall 8%
Developers Delay Projects Across Major Industrial Markets Due to Rising Financing Costs
Approvals for new industrial and logistics construction projects in Spain are slowing.
Spanish GDP Growth Revised Upwards to 2.2% for the Second Quarter
Indicators Point to a More Challenging Second Half
The National Institute of Statistics, or INE, has revised the year-on-year gross domestic product growth in the second quarter 2023 upwards from 1.8% to a robust 2.2%, according to...
House Prices in Spain Rise 3.6% Year-on-Year in the Second Quarter
They Remain Resilient, Especially for New Homes, Due to the Shortage of Supply
House prices rose by 3.6% year-on-year in the second quarter of the year, which was in line with the rise recorded three months earlier, according to data published this month by t...
The Camping Sector in Spain Is Rising
Nights Spent in Spanish Campsites Are Up by 19% Compared With 2019 While the Offer Lags Mature European Countries
Visitors spent a total of 25.6 million nights in Spanish campsites from January to July, accounting for 10% of all nights spent in tourist accommodation in Spain according to the N...
New Office Building Approvals in Spain Increase by 39% From January to May
ESG Drives Construction Activity While Málaga Emerges as a New Office Hub
Approvals for new office construction projects in Spain have increased significantly in 2023. Every new project requires a “visados de dirección de obra nueva” from the Colleges of...
Home Sales Transactions in Spain in the First Half Remain at Decade Highs
Sales Have Started To Fall but the Rate of Decline Has Been Fairly Moderate
Spain's home sales declined for the fifth month in a row in June. According to the National Institute of Statistics, sales decreased in June by 6.4% year-on-year. So far this year,...
Upward Sales Trend Supports Spanish Retail Market and Attracts Investors
Positive Outlook Is Driving Activity Especially Among French Players Both in Investment and Repurposing of Assets
International investors see attractive opportunities in Spain, where economic growth is outperforming the eurozone average. Quality retail assets are also showing strong performanc...
Spain's GDP Rises 0.4% in the Second Quarter
Domestic Demand and a Record Spanish Labour Market Are Behind the Good Economic Performance
The Spanish economy performed well in the second quarter of 2023. GDP grew by 0.4% quarter-on-quarter and 1.8% year-on-year according to the advanced data published by the Institut...
Demographics Drive Nursing and Care Home Developments Across Spain
Over 25% of Population To Be Over 64 by 2032 While Existing Supply Lags Mature Markets
The fast-ageing population is driving investment in the Spanish nursing and care homes sector.
Madrid To Increase Data Centre Capacity Over 300% by 2026
The City is Outpacing the More Established Markets of Frankfurt, London, Amsterdam and Paris
Spain has positioned itself as a data centre hub thanks to its strategic location as entry point to Europe of the submarine infrastructure coming from the Americas and Africa. The ...
Student Housing Players Expand in Spain While New Flexible Living Format Emerges
Demand for Student and Flexible Accommodation Fuels the Pipeline
The student accommodation sector is experiencing a surge in demand as the number of students in Spanish universities keeps rising.