Costa del Sol property & lifestyle, news, views, advice & information
Category: News (167 articles)
British discount retailer Poundland – famed for its bargain deals of multipack crisps, drinks packs, plastic toys and low-priced cleaning goods all priced (yep, you guessed it) at a quid – has recently announced that it is set to open ten trial stores in Spain.
The arrival of a Poundland store on your local high street in the UK is often met with trepidation. Its presence – much like off-licences, bookmakers and pawn shops – is usually a fair indicator that an area is on a rather downward trajectory, economically speaking.
So does the news that the company behind the stores, Poundland Group Plc., fancies expanding to Spain spell that further gloom is on the horizon? Actually, the exact opposite could well be closer to the truth…
You may think it strange that a VIVA news story focuses on why the Costa del Sol isn’t the cheapest place in which to buy Spanish property.
You may think, given that we sell property in the Costa del Sol, it would suit our interests to write stories telling of how there are many bargains to be had up and down the coast.
But if VIVA has learnt anything during its time overseeing the Costa del Sol property market, it is that honesty is always the best policy. Which is why recent reports in the British media that lift the lid on Spain’s ‘ghost villages’ are welcome news… Continue Reading
Official data from Spain’s Labour Ministry has revealed that the country’s jobless total fell by 1,949 in February – the first time since 2007 that the shortest month of the year has seen a fall in unemployment.
This latest round of job creation means that there are now 4.81 million unemployed people in Spain – a figure that still accounts for 25 per cent of the working age population and remains one of the highest in the EU… Continue Reading
A recent survey by international networking forum InterNations has found that 17 per cent of the 11,500 expats polled said they moved countries because they enjoy living abroad.
While this percentage was lower than the 34 per cent who emigrated for work, the gap has narrowed – particularly when compared to more established expats. A similar poll by insurer Axa PPP of 1,000 people who have lived abroad for more than two years found that more than half moved because of their career.
The results suggest that work opportunities, while still the most decisive factor when relocating, are no longer the overriding reason why people seek a new life overseas.
In a rather bullish state of the nation address this week, Spain’s Prime Minister Mariano Rajoy spoke of how Spain is no longer a drag on Europe, and is now seen as a key driver in the continent’s economic future.
That message of positivity was delivered on the back of an encouraging set of figures released by the government that showed a better-than-expected one per cent rise in GDP forecast for 2014. Such an increase, although modest, would allow for sustained job creation in Spain for the first time in six years… Continue Reading
International rating agency Moody’s has upgraded Spain’s economy by one notch, a move that reflects the country’s careful rebalancing of its economy and the introduction of more flexible labour laws – the effects of which have created a more sustainable growth model.
While this is good news indeed for Spain’s economy, the fact that the country has been upgraded from Baa3 to Baa2 shows that there is still plenty of work yet to be done before ministers can claim that Spain is truly out of the woods… Continue Reading
Spain’s inefficient tax system – which boasts some of Europe’s highest rates but lowest levels of collection – is set for a drastic overhaul this summer, with changes introduced early next year as Mariano Rajoy redraws the battlelines for the 2015 election.
After pushing through recent reforms in the labour market and pensions sector, Rajoy is aiming for a third successful overhaul; economists having praised the government’s initiatives for helping Spain emerge from recession at the end of 2013… Continue Reading
Amid the government-deficit-miracle-recovery-bailout-EU-export-growth chatter that has come to define stories about Spain over the past two years, it can sometimes feel like one key demographic gets forgotten – the Spanish public.
While tourism soars, the property market recovers and the export industry booms, the only time the average Spaniard is mentioned is usually when referring to unemployment levels…
Government figures released this week have revealed that foreign tourists to Spain spent a record €59 billion in 2013.
Compared to 2012 spending was up by 9.6 per cent, generating 10 per cent of the country’s economic activity for the year.
“Spain closed 2013 with a historic record in international tourism spending,” read a statement from Spain’s tourism ministry. As ever, it was the British tourists who spent the most, accounting for one-fifth of all expenditure – a whopping €12 billion overall… Continue Reading
Spain enjoyed a record-breaking year for tourism in 2013 when more than 60 million foreign nationals visited the country, according to latest official figures from Spain’s leading tourism association, Exceltur.
The association also found that overseas visitors spent a combined total of €45.1 billion, with Brits, Germans, French and the Russians making up the largest chunk of visitors… Continue Reading