You are right, bond. In EU the speed should be the same. Instead of choosing a local magento hosting in Spain, I highly recommend you use global magento hosting provider who have server in EU. Because they have a lot of experience magento guys who ready to help you. Other than that, they can move your magento site to global customer quite easy since they already done everything for that. As always I choose
SiteGround Magento Hosting package with server location in Amsterdam, it work very well in EU include Spain.
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