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Unemployment in Spain Tops 6 Million
New figures reveal that unemployment in Spain now affects 6,202,700 people. An increase of 563,200 over the previous year when 5,639,500 people were unemployed. The unemployment rate in Spain has reached 27.16% of the active population in the first...
Spanish Property Prices to Drop to Levels of 1989 says UBS
According to a report elaborated by UBS CIO Wealth Management, property prices in Spain are to continue dropping until they reach levels of 1989. The report was sent out to its private banking clients and stated that neither construction nor tourism,...
La Caixa to Sell off 12,000 Properties for 1,500 Million Euros
The Spanish savings bank La Caixa has put up for sale a package of 12,000 properties held by its Servihabitat company. Morgan & Stanley have been appointed to sell Servihabitat Gestión Inmobiliaria S.L., the company that manages the sale of the...
5,639,500 Unemployed in Spain
Unemlpoyment in Spain has risen by 365,900 in the first trimester, reaching a total of 5,639,500. The unemployment rate in Spain now stands at 24.44% according to the latest figures revelaed Friday by National Institute of Statistics. The number of households...
8,000 British Students Invade Salou During Annual Saloufest
Over 8,000 british students, one thousand more than last year, have invaded the Costa Dorada’s tourist resort of Salou in what is now the 12th edition of the Saloufest. The British operator I Love Tour assures that “the Saloufest is the best...
Over 50% Youth Unemployment in Spain
According to Eurostat, 50.5% of those younger than 25 in Spain are out of work. Eurostat notes that unemployment increased throughout the Eurozone and European Union, up to 10.8% and 10.2%, respectively, with Spain registering the highest unemployment...
Hotel Incosol in Marbella Closes After 39 Years
After 39 years, the hotel Incosol closed down on Sunday due to a lack of economic resources. The 130 workers have pledged to stay on and wait for an investor to buy the hotel. They will carry out maintenance duties and make an inventory of everything...
Extreme Cold Weather Hits the Costa del Sol
The big Siberian cold which has covered nearly the whole of Europe, has finally hit the province of Malaga, bringing with it one of the coldest nights of the winter. The cold weather is expected to stay until at least Sunday. Spain’s Weather Agency...
Spanish Property Sales Continue Collapsing
Spanish property sales have dropped 30.3% and 40.8% in the first and second trimester of the year, respectively. Existing home sales fell 6.3% in the third quarter compared to the same period in 2010 and reached 75,462 transactions, the second lowest...
