The cost of living in Spain, rising costs and reduced income

The cost of living in Spain, rising costs and reduced income

In January 2002 the Euro became the currency of Spain, replacing the Peseta (which had been introduced in 1869) as the nation’s currency.  This set in motion two matters, both of which had a profound effect upon the cost of living in Spain. One of the first effects of the demise of the Euro was an explosion of Spanish property [...]