The tourism industry in Spain is developing at a fast pace and the estimates set out for the next months of 2016 are showing that the industry will further develop. The increase in the tourist arrivals can be seen in the total arrivals registered throughout the Spanish airports. Airport passenger number increased during the month of May by 11,3%. Businessmen interested in setting up a company in the field of tourism, such as a travelling agency, can receive assistance on the incorporation procedure from our team of Spanish lawyers.
Spanish market presented in the first six months of 2016 many positive information referring to its economic sectors. Tourism, construction sector in the field of accommodation and real estate market are just few of the fields which registered increases at a fast pace, compared to the situation of 2015. Businessmen who are interested in opening a company in Spain related to the real estate market should know that, in the first months of the year, the industry developed in a rapid manner and in April 2016 the total real estate sales accounted for 35,199 contracts, which represent an increase of 29%, compared to the same month of the previous year. Our team of Spanish lawyers can offer more details on the legal grounds regulating the real estate industry.
Spain represents a very attractive business environment, as many economic fields have had positive financial results. One of the fields in which foreign investors are advised to invest is the aeronautics industry, which presents many business opportunities in its sub-domains. Our team of Spanish lawyers can provide assistance on the ways in which an aeronautics company can be incorporated here, and they can also assist with relevant information on the most important aerospace fields.
Spanish tourism increased at a fast pace in the last years. In 2015, the industry registered very good results and this trend was also kept during 2016, while projections are showing a further increase. The accommodation industry in Spain is connected with the tourism activity and it is important to know that the upper-class hotels present many business opportunities. Businessmen interested in opening a company in the accommodation industry should know that, in the first five months of 2016, the amount spent for buying hotels in Spain reached a total value of EUR 611 million. Our team of Spanish lawyers can assist with more details on the legal requirements referring to the purchase of an accommodation unit in Spain.
Foreign businessmen interested in expanding their investments on a different market than the one they are operating at the moment must know that the Spanish environment offers promising opportunities, due to a record-level in terms of investments registered in 2015. Investors should also know that during this year, several industries have already reported important financial gains, especially in the construction sector. Our team of Spanish lawyers can offer an in-depth presentation on this subject and they can also provide legal advice for the incorporation of a company on the Spanish market, in a field which is of interest for the investors.