Annual unemployment falls 8.3% in Spain

New figures from the Ministry of Employment show that the amount of people that are registered as unemployed has dropped by 8.3% over the last 12 months in Spain.

The only increase that was recorded was the month of September when seasonal jobs come to an end and levels rise slightly once again. Even with September seeing a rise, year on year September has been the lowest recorded since 2008.

The increase for September was the highest in the Balearic Islands and naturally with the islands having a very strict season for tourists then winter months many establishments close causing these mentioned highs in unemployment. This is compared to the mainland and specifically Marbella and Estepona that continue to have tourism throughout the winter months. With temperatures still recording at over 25 degree each day and bearing in mind we are still in October, you can see why tourist levels stay very active on the Costa del Sol.

Throughout the past 12 months we have seen over 310,000 people that were registered as unemployed finding employment which is a very positive signal of a growing economy.

British and Irish Expats living in Spain on the rise

British and Irish Expats living in Spain on the rise

The number of British and Irish expats living in Spain has exceeded the amount of Spanish Expats living in the UK and Ireland.

Spain has always been very popular for the British and Irish holidaymaker to take a well earned vacation and the idea of living in on the Spanish coast always seemed like a dream for most. However that dream has become reality for hundreds of thousands of dreamers that have lived in Spain for at least a year last year.

Close to 300,000 citizens made their way out of the cold and wet and arrived on the Spanish shores in 2016 according to the Office for National Statistics.

When looking at the total number of retired expats arriving in Spain, the UK and Ireland made up an incredible 48%. This sends shock waves throughout the rest of Europe showing that the Spanish market is most definitely on the increase and showing that Spain has a healthy lifestyle that is very much sought after. The number of over 65’s has doubled over the last 10 years as reported by the Olive Press.

Of all the expats living in Spain it is reported that only 22% have full time employment with most working in the hotel and catering business. 11% were showing as unemployed and the rest are either house parents, retired or living from a pot of gold.

Spanish expats moving to the UK or Ireland was mainly made up of younger Spaniards, out of the 116,000 expats relocating to the UK and Ireland almost half of them were aged between 20-39 with 59% in employment. The statistics show that the main employment sector being admin, health, banking and finance.

Spain is still a huge destination for British and Irish to visit for less than 28 days with the vast majority staying for a vacation, the total number is close to 13 million visitors. This is in contrast to almost 850,000 Spanish visiting the UK for vacation last year.

Imagine sitting in the UK or Ireland with the cold, wet and miserable grey weather pondering what could possibly make you happy at that moment. Then start to think about the hot weather, amazing beaches, glorious sunsets and a very laid back way of healthy living, you can now imagine why Spain has so many new residents arriving daily.

Why shouldn’t you have the best lifestyle? Most people genuinely believe that they cannot afford to make the move to Spain but they could not be further from the truth. Moving to Spain and buying or renting a Spanish property is or should be very simple when using a reputable real estate agent.

Spain historically has cheaper house prices compared to many parts of the UK and Ireland and pensions can go a lot further due to lower cost of living expenses. When asked what was a main reason to move to Spain, many expats mentioned that the outdoor lifestyle that you can have in Spain is a huge reason to relocate due the positively on health.

Are you still dreaming of moving to Spain? Make that call, send that email or even better get on the plane and meet Absolute Marbella. We can show you how you can afford to move and what you can get for your money. We will introduce you to the right professionally qualified mortgage advisors, lawyers and show you a array of properties that would meet your requirements – all with no obligation at all.

Let Absolute Marbella Real Estate help make that move: www.absolutemarbella.com