Spain's economic confidence indicator worsened in May with a score of 100.5 – three points lower than in April and the biggest month-on-month drop among the large economies of the European Union, according to the European Commission's Eurozone Economic Sentiment.
This is due to worse forecasts in i
My professional experience is that most foreigners are completely unaware of the legal procedure involved on gifting property in Spain. To that end, I’ve written today’s post.
Gifting property arises when: Joint owners (i.e.
The European Central Bank's (ECB) latest Economic Bulletin states that residential investment in the euro area is expected to fall in the short term despite the resilience it has shown over the past year.
The minimum wage in Spain was €1,167 in 2022, including the proportional part of supplementary payments, 65% higher than in 2016, according to the Adecco Group Institute's Labour Market Report.
Adecco's research service highlighted that €1,167 is similar to the United States' minimum wage, even tho
Housing markets are slowing down. The IMF advises large economies and emerging countries to be "vigilant" about the housing crisis and gauge the risks for financial stability.
Between January and March this year, 103,800 more people were unemployed, which is 3.4% more than in the previous quarter, while there were 11,100 fewer jobs (-0.05%).
The CEO of Bankinter, María Dolores Dancausa, has stated that she is against market intervention in general, "whether real estate or any other type", as, in her opinion, "it produces distortions", such as the measure to limit the price of rent included in Spain's Housing Law.
For Dancausa, interven
1. Store of value. In times of political and economic instability (war, stock market crash, global pandemic, bank runs, high inflation, etc), gold and real estate are king as traditionally they act as safe havens where savers shelter their money to weather the storm.
2. Staves off inflation.