According to data from the National Statistics Institute of Spain, real estate sales in Spain reached 38,457 in January 2017, an increase of 18.1% year-on-year, the highest in nearly four years, with 82.2% being second-hand property transactions, which increased by 20.7%. The Spanish real estate market index has risen for 12 consecutive months. In 2016 alone, housing prices in Spain increased by 4.7%, achieving growth for three consecutive years.
The recovery of the Spanish economy has not only driven the prosperity of the Spanish real estate market but has also promoted growth in employment, wages, corporate sales, and trade. According to statistics from the Spanish Tax Agency, in January 2017, the total number of employees in large enterprises in Spain reached 5,031,445, an increase of 3.9% year-on-year, the highest growth since April 2007, with a month-on-month increase of 0.6 percentage points. Among them, the number of employees in the service industry, industry (excluding energy and water), and construction increased by 4.4%, 2.6%, and 1.9% year-on-year, respectively. In terms of wages, the average gross monthly income of employees in Spain in January 2017 was 2,009 euros (approximately 14,700 RMB), an increase of 0.2% year-on-year.
The recovery of the Spanish economy and the continuous warming of the real estate market are backed by the active presence of many strong foreign banks and investment institutions, indicating that the local investment potential is widely recognized internationally. The popularity of the Spanish property investment immigration program is also continuing to ferment. Overseas investors can obtain Spanish residency status by investing in real estate in Spain while also acquiring high-quality overseas assets. Investors can now achieve both investment and immigration purposes by purchasing properties worth 500,000 euros or more in Spain. For more details on Spanish investment immigration, please consult the WorldWay Immigration Group: 400-138-2929.