Andalucia continues to attract the highest number of UK investors, new figures reveal. In the last five years, investors from the UK have ploughed more than €250 million in the region of Andalucia - accounting for 10% of all direct foreign investment, according to figures revealed at the Barometer on Climate and Outlook of British Investment in Spain presentation, reports newspaper Sur in English.
Since 2013, the number of people registered as unemployed in Spain has fallen by 5 million. During the month of May, unemployment levels in Spain fell by 2.51% to 3,252,130 - the lowest figure recorded since January 2009, reports newspaper Murcia Today.
Marbella and five other towns in Malaga will receive a share of just under €50 million to promote integrated sustainable urban development under the EDUSI scheme, the Sur in English newspaper reports.
In the last 4 years, 65,000 Spaniards have exercised their “right to be forgotten” by requesting personal information to be erased from Google’s search engine. In 2014, the European Court of Justice (ECJ) ruled that it is within a person’s right to ask Google and other search engines to remove content about them which is “inadequate” or “irrelevant”.
The Spanish property market has experienced significant growth with prices rising by 7.6% last year, according to registry data. However, rising prices are not accompanied by rising wages, meaning house prices are currently 7.1 times higher than the average household income, says a report by Banco de España, this could put a ceiling price on many properties across the country.