Unemployment in Spain falls

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Unemployment in Spain falls

News Article Date: Monday 06th of July 2009

Spanish unemployment fell 1.5% in June, the second consecutive monthly fall, and the biggest June fall in 8 years. The news is being viewed in a very positive light, and rightly so, however the tourist season having started is thought to have been behind it and all could be reversed when the holiday season ends. That said it is still good news for the Spanish economy, it perhaps shows that the damage to tourism caused by the strong Euro may not be as bad as everyone feared. Spanish tourism is one of its main industries and a strong tourist season certainly won't do the economy any harm. As we wrote in an article on this site earlier today, Spanish destinations dominated the top 10 most popular destinations for private rental bookings, so perhaps the expansion of this industry mask the number of bookings that had been received for this season. It may be that faith in Spain is starting to rise once again, and this could also reverberate into the property industry. Certainly Spanish property is still the most popular with overseas buyers according to major UK portal Property Abroad.com. The portal issues a monthly and quarterly top-10 chart of most popular locations, and Spain has been in number one in all of them. Though the portal does carry a large selection of repossessed property in Spain, and so does attract the bargain hunters, Spain has always been its most popular country.

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