top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.


The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Economic Indicators

22 Sept 2021

Spain Records Highest Number of House Sales in 13 Years

The Index Today

Spain has recorded the highest number of house sales in almost 13 years this July. According to published data, post-pandemic demand for homes saw a significant rise as more people had increased household savings.

National Statistics Institute revealed that 50,200 houses were sold in the month of July, which is 53% more than the sales made in the same month last year.

The new sales figures were reported to be 4% more than pre-pandemic levels and similar to what the country experienced during the real-estate boom in 2008. On the other hand, 55,000 homes were sold in April alone.

Maria Matos, spokesperson at Fotocasa said, “If you compare with the same month in 2019, the evolution is positive…which confirms that we’ve not only surpassed pre-pandemic numbers but also re-entered the big upwards trend in house sales initiated in 2018.”

Sales of newly developed houses went up by 40% in comparison to the number of houses inherited. Updated figures show that sales went up 20% year-on-year, which means one five houses were sold.

Clay pottery with table linens
bottom of page