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Luxury Villa for sale in Alqueria, Benahavis – click here for info

As the Spanish property market recovery consolidates, the number of new unsold homes continues to fall, new report shows.

There were a total of 459,876 residential homes, which had been completed but remained unsold at the end of 2018, representing a fall of 3.6% from the previous year, according to new data released by Spain’s Ministry of Development.

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Luxury villas in El Paraiso, for more info click here

Spanish property prices have grown by 14.4% since the market bottomed out in February 2015, but with May figures showing the fourth consecutive month of rises that have been less than 5%, is the market recovery finally slowing down?

Nationwide property prices rose by 3.6% in May, compared with the same month last year, according to leading property valuation firm Tinsa.

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Unemployment levels could drop below 3million for the first time since 2008, new figures suggest.

Unemployment figures maintained the downward trend during May with a fall of 2.66% (or 54,075), taking the total number of people registered as unemployed to 3,079,491, according to Spain’s Ministry of Employment. During the month, employment levels reached 19.44 million – the highest level ever reached during the month of May.  

 

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