Spain’s Housing Market Sees Notable Growth in Q1

Spain's Housing Market Sees Notable Growth in Q1

The price of used housing in Spain registered an increase of 1.8% during the first quarter of the year. This increase leaves the square meter at 2,079 euros according to the latest idealista price index .  Taking into account the annual variation, prices have increased by 7% in the last 12 months.

Among the large markets they saw seller expectations increase during the first quarter.

In Madrid they registered an increase of 5.3%, similar to that registered in Valencia, where they grew by 5%. They are followed by the increases in Alicante (4.3%), Barcelona (3.6%), Malaga (3.4%). Below 2% are the cities of San Sebastián (1.9%), Bilbao (1.6%), Seville (1.6%) and Palma (0.8%). The greatest increases have been registered in Teruel and Santander where they grew by 5.5%.


El precio de la vivienda usada en España registró un aumento del 1.8% durante el primer trimestre del año. Este incremento deja el metro cuadrado en 2,079 euros según el último índice de precios de Idealista. Teniendo en cuenta la variación anual, los precios han aumentado un 7% en los últimos 12 meses.

Entre los grandes mercados, se observó un aumento de las expectativas de los vendedores durante el primer trimestre.

En Madrid registraron un aumento del 5.3%, similar al registrado en Valencia, donde crecieron un 5%. Les siguen los aumentos en Alicante (4.3%), Barcelona (3.6%), Málaga (3.4%). Por debajo del 2% se encuentran las ciudades de San Sebastián (1.9%), Bilbao (1.6%), Sevilla (1.6%) y Palma (0.8%). Los mayores incrementos se han registrado en Teruel y Santander donde crecieron un 5.5%.

Alenda Golf Life Magazine | Free

March April Master Magazine FRee Copy

🌟 Introducing the Free Edition of Alenda Golf Life Magazine! 🌟

We’re thrilled to announce that the latest edition of Alenda Golf Life Magazine is now available, and it’s absolutely free!

Spanning 44 pages of exclusive content, this edition is your direct line to everything you need to know about life at Alenda Golf and then some.

Discover the latest News & Local Information and stay updated with Local Services that make life here so unique.

For the adventurers and those seeking new destinations, our “GoTo” Places section will guide you towards memorable experiences. And for golf enthusiasts, our Golf Guide and updates on Golf Competitions will keep you informed and ready for your next game.

Looking to promote your services or sell something? Take advantage of our Free Advertising and Small Ads to reach the community. Plus, don’t miss our Golfing Tips to improve your game, and explore the Properties available that could be your next home.

Lastly, find everything you need to know about our magnificent Golf Course with our detailed Golf Course Information.

Don’t wait any longer to be part of our community and discover all that Alenda Golf Life has to offer.

Read our magazine today by visiting Your next adventure at Alenda Golf starts here!

Beautiful & Modern Townhouse | Alenda Golf …

3 Bedrooms | 3 Bathrooms (1 Ensuite) | 1 Guest Bathroom | Large Lounge Area | Fully Fitted Modern Kitchen | Large Covered Patio | Triplex Windows & Security |Garden To Pool Area |

Discover the epitome of modern living combined with an idyllic lifestyle at our newly listed townhouse in the serene environs of Alenda Golf. This exquisite property merges contemporary design with the comfort and warmth expected from a family home, making it an irresistible offer for those seeking tranquility without sacrificing convenience.

The Space to Live and Grow: Nestled in a peaceful community, this three-bedroom townhouse is the definition of spacious living. The master bedroom, an embodiment of tranquility and privacy, boasts a private ensuite, offering an intimate retreat from the hustle and bustle of daily life. Complementing the master suite are two additional bedrooms, alongside a family bathroom, ensuring ample space for family and guests alike. Not to be overlooked is the additional guest bathroom on the ground floor, a testament to the thoughtful layout of this home.

Kitchen – The Heart of the Home: Step into the kitchen, and you’ll find yourself in a chef’s paradise. With its ultra-modern design and the latest fixtures, the kitchen promises to inspire culinary creativity. Adjacent to this modern marvel is a fully equipped utility room, ensuring that practicality and aesthetics go hand in hand.

Living and Dining – A Harmony of Space: The expansive lounge and dining area serve as the home’s central hub, a space where memories are waiting to be made. This area effortlessly flows into a large patio and garden, setting the stage for sublime outdoor dining and relaxation. Imagine cozy winter evenings by the open fireplace or hosting lively gatherings under the stars – this home adapts to every season and every occasion.

A Touch of Elegance: Partly furnished, with a focus on contemporary and tasteful décor, the townhouse radiates a welcoming ambiance that makes you feel at home instantly. The triple-glazed windows do not only enhance security and insulation but also bathe the interiors in natural light, accentuating the beauty of the laminated wood flooring that is as stunning as it is easy to maintain.

Convenience at Your Doorstep: The practicalities of daily life have been carefully considered. Off-street parking provides a secure space for your vehicle, while the proximity to a large communal swimming pool and expansive gardens adds a layer of leisure and enjoyment to your daily life.

The Locale – A Blend of Nature and Culture: Situated near Alenda Golf’s amenities, the property offers a lifestyle of luxury and convenience. From state-of-the-art gym facilities and cycling classes to the local tapas bar with panoramic views, there’s no shortage of ways to unwind and entertain. The addition of a paddle tennis court and a comprehensive Dicost supermarket further enhances the living experience.

Beyond the Immediate – A World to Explore: Located on the prestigious 18-hole Alenda Golf course, this townhouse is not just a home; it’s a gateway to the vibrant life of Elche and Alicante. With easy access to nature trails, mountain biking, and a selection of high-quality golf courses, it caters to every lifestyle.

Designed for the Modern Professional: Recognising the evolving needs of today’s homeowners, this property also serves as an ideal space for a home office. The serene environment and thoughtful design provide the perfect backdrop for productivity and creativity.

A Restored Gem in a Vibrant Community: This townhouse isn’t just a building; it’s a restored gem located in a welcoming neighbourhood. It’s a place where each day brings new opportunities to engage, relax, and enjoy life to the fullest.

In summary, this townhouse is not just a property; it’s a lifestyle choice, offering a blend of comfort, convenience, and luxury. Whether you’re enjoying the cozy atmosphere by the fireplace, indulging in outdoor activities, or simply relishing the peace and quiet of your surroundings, this home is designed to cater to all aspects of modern living. Experience the best of both worlds – the tranquility of countryside living with the convenience of city life just a short drive awa

Bargain Fares from High-Speed Train Service Ouigo

Travel Spain Fast & Cheap Ouigo Trains

Bargain Fares from High-Speed Train Service Ouigo: A Gateway to Spain’s Wonders

Travel enthusiasts, listen up! If you’ve ever daydreamed of dashing across Spain in comfort without splashing the cash, Ouigo’s latest announcement is music to your ears. The budget-friendly high-speed train operator has thrown the doors wide open with ticket prices starting from an unbelievable €9. This enticing offer promises an adventurous exploration of Spain’s riches without the hefty price tag.

The Big Reveal: Ouigo’s Spellbinding Promotion

On March 19, Ouigo made waves by unveiling a promotional fare that has set the travel community abuzz. Imagine gliding between cities like Madrid, Barcelona, Zaragoza, and Valencia, amongst others, all without the financial strain. But hurry – this magical window closes on December 14, so it’s time to plan your Spanish escapade.

Destinations Galore: Your Spanish Itinerary Awaits

Ouigo’s promotion spans an array of destinations. From the bustling streets of Madrid to the historic allure of Barcelona, and the charm of coastal cities like Alicante and Valencia. Each location offers its unique blend of culture, history, and gastronomy, promising a rich, varied travel experience.

Historical Context: Ouigo’s Spanish Odyssey

Since its inception on May 10, 2021, Ouigo has revolutionised travel in Spain, providing ten daily departures to major cities and nurturing a growing network. This expansion signifies Ouigo’s commitment to affordable, accessible travel within Spain.

Future Horizons: Expanding the Ouigo Experience

The future looks bright with Ouigo planning to add destinations like Valladolid, Segovia, and Cuenca to its roster. What’s more, the horizon extends to cities such as Elche, Murcia, and Sevilla, promising even greater accessibility and choice for travellers.

Regulatory Clearance: A Green Light for Growth

The National Markets and Competition Commission’s nod to Ouigo for expanding its service highlights a significant step forward. This decision reflects confidence in Ouigo’s ability to coexist with traditional operators like Renfe without significantly impacting their revenue.

Special Offers: Smiles for Miles

Ouigo’s embrace extends to all travellers, with special rates for children and complimentary tickets for infants. This family-friendly approach ensures that adventures are accessible to everyone, regardless of age.

Booking and Travel Tips: Navigate with Ease

Securing your spot on a Ouigo service is a breeze, with user-friendly booking options and practical travel tips ensuring a smooth, enjoyable journey from start to finish.

Comparing Costs: The Smart Choice

A cost comparison reveals Ouigo’s undeniable allure. When pitted against traditional train services like Renfe, Ouigo’s tickets stand out for their affordability without skimping on comfort or speed. This makes Ouigo the go-to choice for budget-savvy travellers looking to traverse Spain’s landscapes.

Testimonials and User Experiences: The Travellers’ Verdict

Feedback from satisfied Ouigo passengers paints a vivid picture of efficient service, comfort, and value for money. These testimonials underscore the positive impact Ouigo has had on their travel experiences, highlighting the convenience and affordability of the service.

Environmental Impact and Sustainability: Travelling Green

Ouigo isn’t just about saving pounds; it’s also about sustainability. Opting for Ouigo over car or plane travel significantly reduces your carbon footprint, aligning with the growing trend towards eco-friendly travel choices. This commitment to the environment mirrors Spain’s overall push for sustainability in transportation.

FAQs: All You Need to Know

Before embarking on your Ouigo journey, familiarise yourself with essential information. From luggage policies to boarding procedures, addressing these FAQs ensures a seamless travel experience.

How to Make the Most of Your Trip: Insider Tips

Exploring Spain goes beyond the journey itself. Delve into local culture, cuisine, and history for a truly immersive experience. Tips for hidden gems, dining, and cultural hotspots enhance your travels, making each destination memorable.

Ouigo’s Impact on Spanish Tourism: A New Era

Ouigo’s affordable fares and expanding network are transforming Spanish tourism, making domestic travel more accessible than ever. This shift encourages exploration and discovery within Spain, contributing to the local economy and enriching travellers’ experiences.

Take action today!

Ouigo’s promotion is a clarion call to all who yearn for adventure without the financial burden. With its blend of comfort, efficiency, and unbeatable prices, Ouigo is redefining travel in Spain. So why wait? Embrace the opportunity to explore Spain’s splendours – your journey with Ouigo starts now.

What destinations can I reach with Ouigo’s promotion?

Explore cities like Madrid, Barcelona, Zaragoza, Alicante and Valencia among others under this promotion.

How long is the Ouigo promotion valid?

The promotion runs until December 14, offering ample time to plan your travels.

Can children travel at a discounted rate with Ouigo?

Yes, children aged four to thirteen enjoy reduced fares, and infants under three travel free.

How does Ouigo impact the environment compared to other modes of travel?

Travelling with Ouigo significantly reduces your carbon footprint compared to car or air travel.

Where can I book Ouigo tickets?

Tickets can be booked through Ouigo’s official website and app, ensuring a smooth booking process.





How Living Near or On a Golf Course Elevates Property Prices

How Living Near a Golf Course Elevates Property Prices

For golf enthusiasts, residing in a golf community is an obvious choice.

For them, having a property near a golf course equates to waking up and heading straight to the greens.

Even those not particularly keen on golf often prefer living in a golf community due to its well-maintained landscapes and resort-like amenities.

Clubhouses might offer dining facilities, fitness centres, swimming pools, or even a combination of these.

The convenience of having such amenities close by typically convinces most people, and if not, the landscaping usually seals the deal.

However, if we were to examine this from solely a financial standpoint, one might wonder whether living in or investing in a golf community is financially beneficial.

How do golf courses enhance property value?

Research conducted by the National Recreation and Parks Association has demonstrated that properties overlooking a golf course, even if not part of the golf community, enjoy 15-30% higher property values.

Like all investments, the precise increase in your property’s value cannot be guaranteed, but properties in golf course communities typically experience an average annual value increase of around 7% above the usual rate.

Despite some concerns regarding the perception of golf courses among new property owners, evidence suggests that potential buyers still regard golf courses positively when considering property purchases.

Come to Visit, Come to Stay, Come to Play 





Embrace the Eternal Sunshine: Costa Blanca’s Guide for Germans

German People Please Come to Visit Come to Stay Come to Play


The Costa Blanca, a region known for its picturesque beaches and sunny climate, is breaking the traditional seasonal tourism mould. With its sights set firmly on the German market, the area aims to welcome visitors all year round, moving away from the typical summer holiday rush.

The Rising Trend of Deseasonalisation

“Deseasonalisation” is the strategy to attract tourists beyond the peak season, offering a steadier influx of visitors. The Costa Blanca’s initiative reflects a broader move towards year-round tourism, providing a consistent boost to the local economy.

Costa Blanca’s Strategic Vision

The initiative, spotlighted at the ITB Fair in Berlin, showcases the Costa Blanca’s commitment to becoming a year-round destination for German tourists. This strategic decision underlines the importance of diversifying tourism and tapping into new markets.

The German Connection: Costa Blanca’s New Focus

The targeted approach towards German travellers underscores the region’s intention to strengthen its international appeal and cater to a market known for its love of travel, food and exploration.

Enhanced Connectivity: The Gateway to Europe

The Alicante-Elche Miguel Hernández airport significantly bolsters the region’s accessibility, offering a direct link between the Costa Blanca and various European cities, crucial for fostering year-round tourism.

The most popular airlines for this route are Vueling, Eurowings, Iberia Airlines, easyJet, and Lufthansa. Alicante and Stuttgart have 401 direct flights per week.

Promotional Efforts and Strategic Partnerships

Efforts to entice German tourists include collaborations with major industry players like AllTour, FTI, and the Lufthansa group. These partnerships, combined with promotional activities, aim to build loyalty and encourage repeat visits.

Beyond Sun and Sea: Diverse Attractions of Costa Blanca

Costa Blanca offers more than just beaches; it’s a land rich in history, culture, and natural beauty.

From its historical sites to outdoor activities, there’s something for every visitor, regardless of the season.

Explore the region’s cultural offerings, from ancient castles to modern art museums, fiestas all providing a deeper understanding of its rich heritage and vibrant present.

Outdoor Adventures Beyond the Beach

Beyond the coast, the Costa Blanca offers a plethora of outdoor activities, from over 30 great golf courses, hiking in natural parks and mountains, to exploring hidden coves, mountain and road biking all ensure a full itinerary throughout the year.

The Economic Impact: A Win-Win for All

The strategy to attract year-round tourism not only benefits visitors but also the local economy, providing a stable source of income for businesses and promoting sustainable growth.

Boosting Local Economies through Year-Round Tourism

The influx of tourists throughout the year provides consistent support to local businesses, from hotels to restaurants, creating jobs and fostering a thriving community.

Come to Visit, Come to Stay, Come to Play 





Over 30% of New Spanish Properties Snapped Up by International Buyers

Thirty per cent of new Spanish properties purchased by foreigners

A recent survey by Aedas Homes has highlighted a notable trend: more than a third of new dwellings are now being acquired by international investors. The 2023 edition of ‘The New Construction Home Buyer Profile’ by Aedas Homes unveiled that foreign investors are increasingly eyeing Spain as a prime location for property investment.

In fact, they now represent nearly 37 per cent of the customer base for newly constructed homes, marking an 8 per cent increase from the previous year, with over 600 of the 4,000 new properties sold being transferred to international purchasers.

Escalating international interest

“This international clientele brings added value to the Spanish housing sector,” asserts Pablo Rodriguez Losada, the Commercial and Marketing Director of Aedas Homes.

The main sources of these international buyers include Central and Western Europe, accounting for 42 per cent of the purchases, followed by Eastern Europe at 29 per cent, America at 13 per cent, British buyers at 7 per cent, Asia at 4 per cent, and the Nordic countries at 3 per cent.

Poland, the Netherlands, and Belgium top the list of countries of origin, with the United Kingdom and Germany following closely, underscoring a varied European interest in Spanish property.




The price of used housing for sale rises in February.

The price of used housing for sale rises in February.

The price of used housing for sale rises in February.

The price of used housing in Spain has registered an increase of 0.4% during the month of February, standing at 2,056 euros/m2, according to the latest Idelaista real estate price index . This figure is 7.2% higher than that of the same month last year while it is 2.8% below the historical maximum price of housing in Spain, recorded in June 2007.

The supply of homes for sale has decreased by 8%

The supply of homes for sale on the market has decreased by 8% year-on-year during the fourth quarter of 2023, according to the latest Idealist study. This loss of stock has been accentuated in the final stretch of the year, with a four-point drop compared to September. Most capitals now have fewer homes for sale than there were a year ago, with Barcelona (-14%), Palma and Valencia (both with -17%) exceeding the national average, while in Malaga (-8%) , Madrid (-4%) or Seville (-2%) decreased somewhat less.



Enhancing Property Value with Golf Course Locations in Spain

Alenda Golf Property Golf view over golf course


Owning a property in Spain that is situated on or adjacent to a golf course can markedly influence its market value in a variety of ways:

Premium Locations: Properties on or near golf courses are typically regarded as high-end due to their select locations, offering panoramic views and direct access to golfing facilities. This exclusivity often leads to a higher price tag compared to similar properties situated in less sought-after areas.

Scenic Views and Serene Environment: Residences on golf courses are known for their stunning landscapes and peaceful surroundings, a stark contrast to the busy city life. The aesthetic appeal and calmness are significant factors that can boost the value of these properties.

Community Amenities: Living in a golf course property usually comes with added benefits, such as access to clubhouses, swimming pools, tennis courts, and other leisure facilities. These amenities not only provide a better living experience but also contribute to the overall value of the property.

Target Market: Golf course properties cater to a specific demographic, typically appealing to those with higher incomes or retirees who are avid golf fans. While this exclusivity might narrow the pool of potential buyers, it also means that properties can fetch a higher price from the right purchaser.

Market Conditions: The value of properties on golf courses, like any real estate, is influenced by the wider market conditions in Spain, including the balance of supply and demand, economic factors, and local property market trends.

It’s essential to remember that while several factors can enhance the value of a golf course property, personal preferences, the golf course’s condition, and the exact location of the property (for instance, its proximity to the clubhouse or specific features of the golf course) can also play a crucial role in determining the price.

By understanding these aspects, potential buyers and investors can make informed decisions when considering the purchase of a property on a golf course in Spain, ensuring that they invest in a property that not only meets their lifestyle but also holds potential for increased value.

Navigating DGT Fines: A Guide to Indicator Use in Spain

A Guide to Indicator Use in Spain

DGT Sanctions for Incorrect Use of Vehicle Signals

The appropriate employment of vehicle signals in Spain remains a widely discussed issue among British expatriates, often leading to extensive discourse. However, questions abound regarding the specific sanctions imposed by the DGT for the misuse of indicators.

The General Directorate of Traffic (DGT) emphasises the importance of proper indicator usage to improve road safety, implementing fines for violations of this nature.

Sanctions for Indicator Negligence

As part of its dedication to enhancing road safety, the DGT imposes penalties of up to €200 for drivers who neglect to use their indicators when necessary. Furthermore, failing to activate indicators timely can attract a fine of up to €80.

Settling the fine within 20 days from the notice date allows for a 50% reduction in the fee. These actions underscore the DGT’s commitment to reducing accidents and fostering an orderly flow of traffic.

DGT’s Guidelines

Indicators act as an essential means of communication among drivers and pedestrians, signalling intentions to change lanes, turn, overtake, merge, stop, or park.

  • For turns and directional changes: Signalling before executing any turn or change of direction on the road is obligatory.
  • When lane changing: For instance, on motorways, it is required to signal well in advance to notify nearby vehicles.
  • During overtaking: Indicating one’s intention with the relevant turn signal before leaving the current lane is crucial.
  • When merging into traffic: Whether exiting a parking area or joining a road from an entry point, indicators must be used to alert other road users of one’s manoeuvre.
  • At roundabouts: Employing indicators to signal entry and exit intentions at roundabouts is vital for indicating direction.
  • When parking or halting: The use of indicators is necessary when stopping or parking on public roads, thus informing both drivers and pedestrians on the move.

Avoiding penalties for signal misuse begins with a comprehensive understanding of traffic regulations, especially at complex intersections like roundabouts, where incorrect use is prevalent in Spain.

Consistent use of indicators for every manoeuvre, irrespective of the presence of other vehicles or pedestrians, ensures clear communication of intent and incorporates signal usage into driving habits, thereby protecting against fines.

In Spanish

Sanciones de la DGT por el Uso Incorrecto de los Intermitentes

El uso apropiado de los intermitentes en España sigue siendo un tema de gran debate entre los expatriados británicos, generando a menudo un amplio debate. Sin embargo, surgen dudas sobre las sanciones específicas que impone la DGT por el mal uso de los indicadores.

La Dirección General de Tráfico (DGT) subraya la importancia de un uso correcto de los intermitentes para mejorar la seguridad vial, aplicando multas por infracciones de esta naturaleza.

Sanciones por Negligencia en el Uso de Indicadores

Como parte de su compromiso con la mejora de la seguridad vial, la DGT impone sanciones de hasta 200 € a los conductores que omitan usar sus intermitentes cuando sea necesario. Además, no activar los intermitentes a tiempo puede acarrear una multa de hasta 80 €.

Abonar la multa dentro de los 20 días desde la fecha de notificación permite una reducción del 50% en la cantidad. Estas medidas resaltan el compromiso de la DGT con la reducción de accidentes y la promoción de un flujo de tráfico ordenado.

Directrices de la DGT

Los intermitentes actúan como un medio de comunicación esencial entre conductores y peatones, señalando intenciones de cambiar de carril, girar, adelantar, fusionarse, detenerse o estacionarse.

  • Para giros y cambios de dirección: Es obligatorio señalizar antes de realizar cualquier giro o cambio de dirección en la carretera.
  • Al cambiar de carril: Por ejemplo, en autopistas, se requiere señalizar con suficiente antelación para notificar a los vehículos cercanos.
  • Durante un adelantamiento: Es crucial indicar la intención con el intermitente correspondiente antes de dejar el carril actual.
  • Al incorporarse al tráfico: Ya sea saliendo de un aparcamiento o uniéndose a una carretera desde un punto de acceso, se deben utilizar los intermitentes para alertar a otros usuarios de la carretera de la maniobra.
  • En rotondas: Es vital utilizar intermitentes para señalizar las intenciones de entrada y salida en las rotondas, indicando la dirección.
  • Al estacionar o detenerse: El uso de intermitentes es necesario al realizar paradas o estacionamientos en vías públicas, informando así tanto a conductores como a peatones en movimiento.

Evitar sanciones por uso incorrecto de señales comienza con un entendimiento exhaustivo de las normativas de tráfico, especialmente en intersecciones complejas como las rotondas, donde el uso incorrecto es frecuente en España.

El uso habitual de intermitentes para cada maniobra, independientemente de la presencia de otros vehículos o peatones, asegura una comunicación clara de las intenciones e incorpora el uso de señales en los hábitos de conducción, protegiendo así contra multas.

SpanishBanking, DepositLimits,ATMGuidelines,TaxRegulations

Navigating Spanish Banking Regulations Deposit Thresholds Explained

Have you ever pondered how much money you can deposit without attracting undue attention?

The Spanish Treasury vigilantly monitors financial transactions to deter illicit activities such as money laundering and fraud.

Within the ambit of Law 10/2010, amended on 28 April 2010, the Treasury has established specific thresholds for cash deposits in an effort to combat financial crimes.

This legislation is particularly pertinent in an era where digital payments are becoming increasingly prevalent, and cash transactions at ATMs or bank branches are on the decline.

Understanding deposit thresholds

When depositing cash, smaller amounts typically do not trigger alerts.

However, frequent deposits over short periods may prompt banks to report to the Tax Agency for further scrutiny.

Key limits

Deposits exceeding €3,000: These are subject to examination by the Treasury.

Use of €500 notes: Owing to their association with criminal activities, these notes are under close surveillance.

Transactions surpassing €10,000 (for transfers or cash movements) and credits above €6,000.

For deposits exceeding €10,000, declaration in the Income Tax return becomes mandatory.

ATM withdrawal guidelines

The Treasury limits ATM withdrawals to €3,000. Although withdrawals up to this amount are generally permitted, banks may question withdrawals over €1,000, depending on the company’s policies.

To withdraw amounts over €3,000, customers must provide a rationale. This process ensures that the Bank of Spain and the Tax Agency are notified of the transaction.

By complying with these regulations, individuals can navigate the banking system without inadvertently instigating an investigation. It’s vital to remain informed about these limits to ensure that your banking activities stay within legal parameters.



OECD Updates: Spain’s Economic Growth Leads Eurozone in 2024

Organisation for Economic Co-operation and Development

The Organisation for Economic Co-operation and Development (OECD) has updated its economic forecasts for Spain for the year 2024, with the following key points:

Growth Forecasts for Spain:

The OECD has slightly increased its growth forecast for Spain in 2024 by 0.1 percentage points to 1.5%, following a 2.5% growth in 2023.

It expects the Spanish economy to continue improving, with a projected growth rate of 2% by 2025.

Spain is highlighted as the best-performing major economy in the eurozone for this year and the next, being the only one to have its 2024 growth forecast revised upwards.

Eurozone Growth Projections:

For the eurozone, the OECD now predicts growth of 0.6% in 2024 and 1.3% in 2025. This represents a decline of 0.3 and 0.2 percentage points, respectively.

Germany’s forecast has been downgraded to 0.3% growth in 2024 and 1.1% in 2025, from the previously expected 0.6% and 1.2%.

France’s growth estimate for 2024 has been reduced by 0.2 percentage points to 0.6%, with the 2025 forecast remaining at 1.2%.

Italy’s growth forecasts are confirmed at 0.7% for 2024 and 1.2% for 2025.

Inflation Forecasts for Spain:

The OECD has revised Spain’s inflation forecast for 2024 down to 3.3%, a reduction of 0.4 percentage points, and increased the 2025 projection to 2.5% from 2.3%.

Core inflation in Spain is expected to decrease to 2.7% in 2024 from 4.1% in 2023, which is 0.4 percentage points lower than previously forecasted. By 2025, it is projected to further reduce to 2.1%, slightly lower than earlier estimates.

Eurozone Inflation Projections:

Headline inflation in the eurozone is projected at 2.6% for this year, down from the previously anticipated 2.9%, and is expected to decrease to 2.2% in 2025.

The underlying inflation rate in the eurozone is forecasted to fall to 2.6% in 2024, a decrease of 0.5 percentage points, and to 2.2% in 2025, slightly lower than earlier predictions.

These updates underscore the OECD’s view on Spain’s economic resilience and its positive outlook compared to the broader eurozone context.