Costa del Sol property & lifestyle, news, views, advice & information

Spanish construction sector boosted by 27% increase in property licences

Author:   |  October 2nd, 2015

Leave a comment
Stronger regions of Spain - including the Costa del Sol - are seeing rising demand for extra housing.

Construction activity in Spain tailed off between 2007 and 2014, but permit approvals are on the up once more.

Figures released by Spain’s Ministry of Development have given the country’s construction industry a boost this week and increased confidence among the real estate sector that the recovery witnessed so far in 2015 is set to continue for years to come.

The data pertains to the number of building licences issued permitting the construction of new homes. In the first seven months of 2015, some 28,870 such licences have been permitted – a massive 27% increase on 2014, and the highest such figure for four years…

Continue Reading

Retired expats settle into life abroad more quickly than the young, poll finds

Author:   |  October 1st, 2015

Leave a comment
Older Couple Walking Along Beach

Retired expats are more likely to make their new country a home, more quickly, than the younger age group.

The expat tide may have turned – with a growing number of Brits heading for a new life overseas increasingly likely to be aged 25-35 – but when it comes to embracing a new country and culture, nobody quite does it like the pensioners do

Continue Reading

British expats getting younger, study finds

Author:   |  September 30th, 2015

Leave a comment

The number of British 25-35 year olds moving abroad has increased dramatically since 2011.

There was a time, probably from the mid-‘80s onwards, when the image of a typical British expat was easy to define.

Brits who lived abroad were of a certain vintage – at least 50-years-old – and loved nothing more than a good, old-fashioned British-red tan, life existing within a small triangle of beach, bar and greasy spoon cafe, and any attempts to learn the local language stretched barely any further than a few mumbled words of thanks

Continue Reading

As Catalans vote Yes, Spain to tell them No

Author:   |  September 29th, 2015

Leave a comment
Catalans go to the vote

Catalans may point the way towards independence, but Madrid is set to block any binding vote on the matter.

Catalonia’s pro-independence parties got the result they wanted on Sunday’s regional election, winning an absolute majority that they say now gives them a “clear mandate” to press for independence from the rest of Spain.

But despite the bullish positivity eking out of the region, Madrid has held firm, saying that the separatists had “failed” in their mission because they were unable to secure an overall majority of votes, winning 72 of 135 seats to fall just short of 50% of the parliament…

Continue Reading

TOWIE Stars back in Marbs for late summer fun

Author:   |  September 28th, 2015

Leave a comment

Having filmed an early summer TOWIE show, the gang is back in Marbella to film the beginning of next season.

There are more shoddy tanlines, tears and tantrums to come this summer as the cast of The Only Way is Essex (TOWIE) jet off to Marbella once more to film an end-of-summer special.

With even the Essex Riviera shivering as September casts a grey pall over the UK, southern Spain is still shining under glorious blue skies, enjoying temperatures not seen in Britain since that summery week in early July…

Continue Reading

Spain tops chart for expat social life and healthcare in latest survey

Author:   |  September 25th, 2015

Leave a comment

Safety, family life, socialising, healthcare and culture: if you’re an expat searching for these things, Spain is hard to beat.

The latest HSBC Expat Explorer Survey has published data this week that reveals Spain is considered the best expat destination in the world for an active social life and top-notch healthcare…

Continue Reading

Credit agency confirms end of Spanish property slump

Author:   |  September 24th, 2015

Leave a comment

Most experts, analysts and media agree - Spain's property slump is well and truly over.

Fitch, one of the world’s leading credit ratings agencies, has issued an authoritative statement confirming that the fallow years for the Spanish property market are over, and projects “steady and stable” price growth over the coming years.

The report by Fitch echoes similar positivity from credit ratings agency Moody’s, which said last week that Spain’s improving property market will have a positive effect on the country’s banking sector and lending institute – a prediction given further credence by the recent news that mortgage lending is also on the mend

Continue Reading

Costa del Sol receives one quarter of all British property enquiries in Spain

Author:   |  September 23rd, 2015

Leave a comment

Properties on the Costa del Sol are proving extremely popular once more with British buyers.

Data gathered over the past three years from overseas mortgage specialists Conti has revealed that 23% of all enquiries from Brits looking to buy Spanish property have been for the Costa del Sol

Continue Reading

High street brands’ profits soar as Spanish consumer confidence returns

Author:   |  September 22nd, 2015

Leave a comment

Zara is Inditex's flagship brand, and supremely profitable.

The name Inditex might not mean much to the average Joe or Jane on the street, but the clothing empire’s high street fashion brands certainly roll easily off the tongue for anybody who has ever spent a decent amount of time in Spain.

Zara, Pull&Bear, Bershka, Massimo Dutti, Stradivarius, Oysho and Uterqüe are all highly recognisable fashion brands across Spain and many parts of Europe and throughout the world, and are all owned by Inditex – which was founded by Galicia-born Armancio Ortega, who is known globally as Spain’s richest man

Continue Reading

European Central Bank injects cash into Spain’s thriving mortgage market

Author:   |  September 21st, 2015

Leave a comment

Mortgage rates, approvals and customer confidence are all improving, prompting an injection of cash from the ECB.

Growing competition among Spanish banks, a recovering economy and a confident domestic market have convinced the European Central Bank (ECB) to boost Spain’s mortgage sector as the property market returns to strength…

Continue Reading