Latest News from Spain

Welcome to the Eye on Spain News section. Here, in association with the most respected English news sites and blogs in Spain, we'll be bringing you the latest news from Spain every day.

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Latest General News

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Latest Property News

Spanish Property InsightThis news is brought to you in association with Mark Stucklin of Spanish Property Insight. Mark provides the leading source of news and opinion in English on the Spanish property sector.

Iberian lynx comes back from the brink
Wed, 29 Jul 2015 16:42:32 +0200

A NEARLY-·EXTINCT breed of wild cat has been brought back to southern Spain after an intensive 10-year breeding plan at a conservation park in the province of Jaén.

Banco Santander chair Ana Botin 'business advisor' to David Cameron
Wed, 29 Jul 2015 14:11:12 +0200

CHAIRWOMAN of Banco Santander Ana Botín has become an advisor to UK prime minister David Cameron. Sra Botín, who ran the British arm of Santander between 2010 ...
Toledo village spends bullfighting cash on schoolbooks for hard-up kids
Wed, 29 Jul 2015 00:24:04 +0200

A VILLAGE mayor in the province of Toledo has decided to spend the council's annual bullfight budget on school materials for local children.

Queen Letizia's grandfather passes away aged 98
Tue, 28 Jul 2015 15:10:19 +0200

QUEEN Letizia's grandfather on her mother's side has passed away at the age of 98 after a short illness which led the wife of HRH Felipe VI to cancel her attendance at the National Fashion ...

Zimbabwe's best-loved lion killed by American, not Spaniard
Tue, 28 Jul 2015 06:07:17 +0200

A HUNTER, initially reported as being Spanish, and who allegedly paid guides at Zimbabwe's Hwange National Park to shoot a lion who has been its star attraction for many years, has now been ...
Barcelona wildfire forces evacuations
Tue, 28 Jul 2015 06:01:08 +0200

A MASSIVE wildfire in the province of Barcelona has just been brought under control after 30 hours of constant battling by emergency services, and evacuees have been allowed to return ...
Food poisoning strikes 60 cruise passengers on different boats
Tue, 28 Jul 2015 05:56:05 +0200

OVER 30 tourists on a mini-cruise in the Murcia area have come down with severe upset stomachs at the same time, leading trip organisers to suspect they had been infected by the food served on ...
French farmers block roads to Spanish and German import lorries
Mon, 27 Jul 2015 16:04:17 +0200

BORDER blockades staged by French farmers are stopping produce from Germany and Spain being transported into France in a protest over non-competitive price practices.

Spanish students hurt in Lille coach crash
Mon, 27 Jul 2015 13:46:03 +0200

AT LEAST 34 passengers have been injured after a coach carrying students from the Basque Country to Amsterdam crashed in Lille, northern France.

Sporting legends granted Spanish citizenship
Sun, 26 Jul 2015 05:15:27 +0200

TWO athletes have been given Spanish nationality in recognition of their sporting achievement. Orlando Ortega Alejo, 23, from La Habana in Cuba, ...

Mark Knopfler live in Sevilla tonight
Sun, 26 Jul 2015 05:13:36 +0200

DIRE Straits lead singer Mark Knopfler will be in Sevilla tonight (Sunday) for a live performance at the La Cartuja Olympic stadium from 22.30hrs to present his new solo album, Tracker
Mobile phone sale scam warning
Sun, 26 Jul 2015 05:11:39 +0200

POLICE in Spain have warned of a series of fraudulent 'sales' of mobile phones via a website purporting to offer very competitive prices.

More air-traffic controller strikes this weekend
Sun, 26 Jul 2015 05:08:39 +0200

AIR-TRAFFIC control strikes will continue this evening (Sunday) between 17.00hrs and 20.00hrs across Spain, which may cause delays and cancellations, says airport governing body Enaire, the parent ...

Sub-Saharan Africans sail into Santa Pola
Sun, 26 Jul 2015 05:06:59 +0200

A SMALL motorboat carrying four sub-Saharan Africans attempting to enter Spain via the back door has been intercepted off the coast of Santa Pola (Alicante province).

Earthquake of 2.4 on the Richter scale felt in Extremadura
Sat, 25 Jul 2015 19:46:20 +0200

A SMALL earthquake gave residents in Mérida a rude awakening this morning (Saturday), says the national geographical institute. Emergency ...
Belgian tourist rescued from lighthouse
Sat, 25 Jul 2015 15:30:24 +0200

AIR-AMBULANCE paramedics have just rescued a 17-year-old Belgian woman who suffered a fall on the steps inside the El Caballo lighthouse in Santoña, on the coast of the northern region of ...
WhatsApp hoax terrorism warning slammed by National Police
Sat, 25 Jul 2015 13:56:45 +0200

NATIONAL Police in the Canary Islands have warned of a hoax going around on WhatsApp about a 'terrorist attack' in Las Palmas (Gran Canaria) putting Spain on maximum alert.

Comet explodes over Cuenca, Malaga and Cadiz
Sat, 25 Jul 2015 13:02:03 +0200

A COMET has exploded over the province of Cuenca and fragments of it have been seen from one of Spain's largest observatories in Toledo.

'Fake' policeman uses ID card with Adrien Brody's photo
Sat, 25 Jul 2015 12:21:36 +0200

A SPEEDING driver stopped by the police in Valencia tried to pass for a Guardia Civil officer using a fake permit bearing a photo of actor Adrien Brody.

Petrol and diesel prices down
Fri, 24 Jul 2015 16:11:50 +0200

PETROL and diesel prices have gone down by 0.83% and 1.12% respectively in the last week, even though it remains more costly than it was at the beginning of the year.

Shakira and Pique buy €5m mansion in Barcelona
Fri, 24 Jul 2015 02:40:49 +0200

COLOMBIAN-BORN pop-rocker Shakira and her partner, Barça FC midfielder Gerard Piqué have just bought a €5-million mansion in the Pedralbes area of Barcelona - ...
Spain is 'one of Europe's safest countries', crime figures show
Fri, 24 Jul 2015 00:25:11 +0200

CRIME in Spain has decreased in the last six months, following an ongoing downward trend, says interior minister Jorge Fernández Díaz.

Madrid agrees to name square 'Plaza de Pedro Zerolo'
Thu, 23 Jul 2015 22:37:01 +0200

MADRID city council has agreed to rename the Plaza de Vázquez de Mella after the recently-deceased councillor Pedro Zerolo, who lost his battle two months ago against pancreatic cancer aged ...

Work starts on new train from central Barcelona to El Prat's T1
Thu, 23 Jul 2015 16:50:32 +0200

WORK has started on a rail link between Barcelona city centre and Terminal 1 at El Prat airport. A total investment of €268 million in the train track, which is 2.8 ...
Heineken Spain bounces back with 132% profit hike
Thu, 23 Jul 2015 15:50:36 +0200

BEER manufacturer Heineken Spain has seen its profits soar in the last year with a 4.4% rise to just under €1 billion. The company's turnover, including its ...
Spain to take 1,300 refugees from war zones
Thu, 23 Jul 2015 07:47:34 +0200

SPAIN has agreed to take 1,300 Syrian and Eritrean asylum-seekers out of the 40,000 who have fled to Greece and Italy, but not the quota of 4,288 requested by the European Union as part of its distribution ...
Spanish Property More Profitable Than A Year Ago
Wed, 29 Jul 2015 10:45:16 +0000

Yields on Spanish real estate assets have improved in a year, according to the latest report for the second quarter, published by, a property portal. Even the least profitable property assets yield double the rate offered by 10 year Government bonds.
New Developments Return To Barcelona
Tue, 28 Jul 2015 08:21:00 +0000

An article in the Barcelona-based Spanish daily La Vanguardia explains how new developments are returning to Barcelona after a long absence during the crisis.
Bad Bank Boss Sees Signs Of Stability, But No Cause For Celebration
Mon, 27 Jul 2015 12:07:01 +0000

The President of the Sareb - Spain's so called Bad Bank - says there are emerging signs of stability in the Spanish property market, but only in certain segments.
House Prices Down In Second Quarter Say Sociedad De Tasación
Fri, 24 Jul 2015 10:19:00 +0000

The house price index produced by Sociedad de Tasacion - a large appraisal company - shows that Spanish house prices were still falling in Q2.
Pension-Conscious Spaniards Invest In Coastal Holiday Homes
Thu, 23 Jul 2015 21:13:41 +0000

Ten per cent of Spaniards buying property today invest in holiday homes on the coast as part of their retirement plans, claims the chain of estate agents Alfa Inmobiliaria.
NOTARIES: Home Sales Up, Prices Down In May
Wed, 22 Jul 2015 16:03:19 +0000

The Spanish property market continues to expand, whilst house prices keep heading south, show the latest figures from the General Council of Notaries. Home sales were up 8.4% in May compared to the same month last year, “reflecting a recovery in monthly sales,” explain the notaries. There were 33,504 homes sales witnessed by notaries in the month. Adjusted for seasonality, home sales were 12% higher in May. Once again, the market expansion was driven by a big increase in resales (+14.5%), offsetting an even bigger fall in new home sales (-21.5%). The Spanish property market would be expanding faster were it not for the lack of attractive new homes for sale. HOUSE PRICES The average price of property in Spain, based on the sales witnessed by notaries in May, was 1,226 €/m2, a fall of 2.5% compared to last year, and down a cumulative 35% since the Spanish property bubble burst in 2007. Resale flats prices remained almost unchanged at 1,339 €/m2, whilst new home prices fell 10% to 1,505 €/m2. Why are new home prices falling so much? Perhaps because the excess inventory of new homes being sold, much of it by banks, gets less attractive with each passing year, as the more attractive homes have already been sold. Lower prices are used to sell less attractive properties. MORTGAGE LENDING Mortgage lending was also up in May, by an annualised 26.4%, to 14,213 new loans. The average loan value was 6% higher at €119,797. The percentage of transactions that involved mortgage financing was 42.4% in May, with an average LTV of 77.9%. Tellingly, construction mortgages granted to developers for new projects were also up in May, by 25% to 397 loans, in a first sign that banks are prepared to lend to developers again. “The figures from the sector continue indicating a stabilisation of the Spanish real estate market,” conclude the notaries.
Housing Affordability Improves To Pre-Boom Levels
Tue, 21 Jul 2015 07:00:03 +0000

The financial effort Spanish families have to make to afford buying a home has fallen back to pre-boom levels, meaning housing in Spain is now as affordable as it was in normal times, assuming interest rates stay this low. The average family in Spain would have to dedicate 32.5% of household income on mortgage repayments were they to buy today, according to figures from the Bank of Spain for Q1 of this year. The level of income spent on mortgage repayments hasn’t been that low since September 2000, and a long way from maximum of 60% reached in September 2008, when rising house prices and interest rates made buying a home unaffordable for most Spaniards (48% once mortgage relief was taken into consideration). The Bank of Spain calculates the affordability ratio using typical mortgage repayments and the average property price compared to average household income, assuming a mortgage loan to value of 80%. House prices have fallen 37% since the Spanish real estate bubble burst, according to the Bank of Spain. LOW INTEREST RATES FLATTER THE AFFORDABILITY PICTURE Take out the effect of lower interest rates, and the affordability picture doesn’t look so good. Interest rates are at record lows, which makes housing more affordable today, but only as long as interest rates remain low. If you compare the average house price to the average gross household income – another way at looking at housing affordability – the average property price has fallen from 7.7 years average income in 2007 to 6.3 years today. That is not a big fall, in part because incomes have also fallen in the same period. Experts consider the ideal ratio to be between 3 and 4 years, which makes Spanish housing still look expensive in comparison to household incomes. YOUNG BUYERS HAVE TO PAY 12 YEARS INCOME Young adults hoping to buy a home and fly the nest are looking at a mountain to climb, given the pitifully low salaries they earn, and house prices that still look high in comparison. Spaniards under thirty would have to spend 12.3 years of gross annual salary to afford buying a home, claims the Emancipation Observatory of the Youth Council Of Spain (CJE). Looking at it another way, young Spaniards would have to spend 58% of their gross salary on mortgage repayments if they are lucky enough to have a job. Unemployment amongst young adults stands at 38.5%. So it’s no surprise that 80% of Spaniards under thirty are still living with their parents.
Holiday Rental Regulations Changing In Barcelona And Catalonia
Mon, 20 Jul 2015 11:53:39 +0000

The Regional Government of Catalonia has announced draft changes to holiday rental regulations allowing people to rent out rooms to tourists, whilst in Barcelona there is talk of pressuring landlords to offer social housing rentals if they are caught renting illegally to tourists.
Glut Of New Homes Shrinks, But Is It Enough?
Fri, 17 Jul 2015 10:51:37 +0000

Spain’s glut of new homes languishing on the market in search of a buyer is slowly shrinking, but not fast enough to solve the core problem of what to do with Spain’s excess new housing inventory.
Housing Demand Forecast To Grow As Households Get Smaller
Thu, 16 Jul 2015 16:24:26 +0000

Smaller households will drive the growth in demand for new housing in Spain, claims a study by the Centre for Economic Forecasting (Ceprede).

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