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

Category: myVIVA Property (box 1) (180 articles)

Property sales in September up by almost 9% on last year

Homes have begun changing hands in increasing numbers across the Costa del Sol.

Data from September shows that the average buyer now needs a deposit of around 20-25% of the purchase price.

Data from Spain’s notaries has revealed that the Spanish property momentum shows no signs of abating, with sales of resale properties nationwide increasing by 8.7% in September compared to the same month last year…

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Author: 23/11/2015 [0] Comments 

Three hidden benefits of owning a home in Spain

is the sun setting on Russians' ruble-fuelled love affair with Marbella?

A property in Spain offers much more than just a sunny bolthole and future nest egg.

A stylish, stunning, money-making property overlooking the Mediterranean: this is no mere pipedream, but the reality for many thousands of Brits who own a home in Spain.

There are many obvious benefits to such an investment, not least the chance to have a year-round bolthole in the sun, a nice little nest egg and a home away from home. But what are the hidden benefits that owning property in Spain brings?

Beyond the obvious attractions, investing in a property in Spain will also mean…

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Author: 19/11/2015 [0] Comments 

New survey confirms Spain as top destination for Brit expats


Spain is Europe’s most popular destination for Brits looking to ship their belongings abroad.

Brits love Spain’s property market – as evidenced by the fact that they have accounted for one-in-five of all transactions to foreign buyers this year – and they are also in thrall with its variety of resorts, with Spain once again the leading holiday destination for sun-starved folk from the UK.

So it should come as no surprise that a new survey by international shipping company Pack Send has revealed that Spain is their most popular destination in Europe among Brits when it comes to sending and shipping their belongings overseas.

Interestingly, both the USA and Australia are more popular than Spain in actual real terms, but Pack Send admit that Brits who are moving to Spain might not always turn to a professional remover to get the job done, such is the comparatively short distance between the UK and Spain…

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Author: 18/11/2015 [0] Comments 

Marbella introduces world’s first revolving solar houses

Exterior image of the Sunhouse360º

The Sunhouse360º can be programmed to turn as often, or as little, as you want.

In the broadest sense, the entire world is solar-powered. Everything on the planet draws its energy from the sun, and everything that has ever been – rocks, oceans, forests, the industrial revolution, the Beatles, Benedict Cumberbatch – owes its existence to the sun.

But solar power in today’s world usually means solar panels, and Spain’s government has been irritatingly regressive in this issue, introducing recently a so-called “sun tax” that actively appears to punish homeowners who choose to install solar panels on their rooftops…

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Author: 17/11/2015 [0] Comments 

Spaniards own €1.38 billion of property in the UK


Spaniards own more than €1.3 billion in UK property assets, new data has revealed.

The tide hasn’t turned – Brits are still far and away the largest group of foreign property owners in Spain – but new data from Spain’s tax authorities has showed that the love affair is not ALL one way, with Spaniards owning €1.38 billion in UK property

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Author: 16/11/2015 [0] Comments 

On the up: 13th straight month of rising property sales in Spain


For the past 13 months, the number of homes sold in Spain has increased, with resale property transactions up by 42.9% this year.

Spain’s National Statistics Institute (INE) has released data this week showing that the number of property transactions in Spain has increased for the 13th month in a row.

According to the INE figures, September saw 30,711 homes change hands over the course of the month, marking a 13.8 per cent increase on the same month in 2014 and more than a year of monthly increases…

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Author: 10/11/2015 [0] Comments 

Spanish property accounted for 40% of Brit enquiries in third quarter, say mortgage experts


Brits still prefer Spain ahead of all other destinations when it comes to looking for a home overseas.

The lure of Spanish property for Brits seeking a home overseas remains strong, with recent data from overseas mortgage specialists Conti revealing that Spain accounted for 40% of all enquiries in the third quarter of the year

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Author: 09/11/2015 [0] Comments 

Shrinking population and improved economy will lead to rising house prices in Spain, says Moody's

Spain's property outlook for 2015 looks more assured than it has done for years.

Brighter economic prospects for younger Spaniards will mean property prices will rise, despite population shrinkage.

Credit rating agency Moody’s has issued a report this week examining the effects of population growth and economic recovery on five European housing markets, finding that Spanish property prices are set to rise in response to changing circumstances.

The report suggests that Spain’s falling population, with the number of people living in the country set to shrink by about 1.3% between now and 2020, will actually serve to increase property prices, rather than see prices fall…

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Author: 05/11/2015 [1] Comment 

Mortgage availability behind uptick in Spanish property market

40,000 homeowners with Blackstone as their mortgage provider will have more flexibility under the new plans.

Looser lending criteria is meaning more mortgages are being issued right across Spain.

Official data from Spain’s notaries published last week has revealed that the number of property transactions in Spain in the second quarter of the year rose once more in all 17 Spanish regions except for Navarra.

Driving this upturn is the easier availability of Spanish mortgages, with the number of mortgages granted in the country between April and June rising 26% on the same period last year…

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Author: 02/11/2015 [0] Comments 

Five reasons why Brits are Spain’s biggest property investors


A Brit’s love for Spain runs deep and is not always easily explained… until now.

Amid the good news stories currently swirling around Spain’s property sector – and, more widely, its economy – one trend has been notably recurrent in recent months: the prevalence of British buyers.

Data published by Spain’s land registry has revealed that Brits have accounted for one in five property sales to foreign buyers in 2015. An unsurprising statistic, perhaps – but its very mundane nature is worthy of further investigation…

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Author: 20/10/2015 [0] Comments