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Three ways to gain in Spain 2016

Author:   |  January 26th, 2016

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2016 is shaping up to be a great year for Spain, economically, socially, and in terms of its global image… why not be a part of it?

All of the evidence – be it from economists, real estate experts or tourism websites – appears to suggest that 2016 could well be Spain’s year.

But while GDP increases, record overnight stays and various percentage-point increases in property transactions are all well and good, what does it all mean to the average sun-seeking, home-hunting Brit hoping to enjoy their own small slice of Spain’s good fortune?

Well, whether you are interested in a sunshine summer getaway, a savvy investment or a change of lifestyle, here are three ways to take advantage of Spain’s expected upturn in 2016…

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IMF ups growth outlook for Spain

Author:   |  January 25th, 2016

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The IMF expect Spanish growth to outstrip that of the US, Japan and Canada this year.

Following on the heels of the Bank of Spain – which raised its 2016 growth forecast to 2.8% just two days after the country’s inconclusive general election on 20 December – the International Monetary Fund predicts that the Spanish economy will grow by 2.7% in 2016 and by 2.3% in 2017

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Brits and Irish turn to safe Spain in their droves in 2016

Author:   |  January 22nd, 2016

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Stunning beaches, great weather - with Spain, it's guaranteed.

Mainland Spain is proving a particularly attractive destination for Brits and Irish seeking safe summer sun this year.

Sun-seeking holidaymakers from the UK and Ireland are set to make this year another bumper year for Spanish tourism as fears of terrorist attacks elsewhere drive people to the Iberian peninsula…

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Spain set to receive Netflix rival in form of HBO streaming service

Author:   |  January 21st, 2016

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HBO is preparing to go head-to-head with Netflix in Spain.

Lured by Spain’s high rate of broadband-ready consumers and web subscribers who opt out of pay TV, American TV network HBO is preparing to launch a standalone web service in Spain, putting it in direct competition with Netflix, which launched in the country last October…

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Will expats’ “vote for life” arrive in time for EU referendum?

Author:   |  January 20th, 2016

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The law is set to change to allow long-term expats to vote in the UK, but will it change in time for the EU referendum?

The vast majority of Brits who live abroad in Europe are likely to vote in favour of the UK staying in the EU when the referendum is held at some point before the end of 2017.

It is only sensible to assume so. After all, while nobody can know for sure what a “Brexit” will entail, one thing is certain: life will become that much harder for Brits abroad scattered throughout the EU…

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Success of Spain real estate market eats away at 'distressed' property mountain

Author:   |  January 19th, 2016

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Last year represented a high point for distressed property sales in Spain, with 2016 to be the year that the mountain of bad-loan properties erodes.

The number of distressed properties up for sale in Spain is set to fall this year as the mountain of ‘bad loans’ built up during the recent recession begins to collapse.

Across Europe, sales of repossessed homes will reach around €70 billion in 2016, down from €93.5 billion last year, which was the peak of the distressed property crisis…

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Brits lead the way as foreigners spend €63bn in Spain in 2015

Author:   |  January 18th, 2016

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Brits spent €40 million per day in Spain during the first 11 months of last year.

Not only do Brits comprise the largest group of foreign investors in Spanish property, but they are also far-and-away the biggest spenders in the country… and the gap on the rest appears to be growing.

Data from Spain’s National Statistics Institute (INE) has revealed that for the first 11 months of last year, British tourists spent €13.4 billion in Spain, more than 20% of the total €63 billion brought into the country by foreign tourists during that period…

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From traditional Andalusian… to contemporary industrial chic

Author:   |  January 15th, 2016

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“We’re absolutely delighted with the result, it’s all worked out brilliantly!”

When Renate and Daan Kranenburg bought their 6-bedroom villa at Mijas Golf in 2014, “It was like an adventure. It was the first time we had bought a property overseas, so we didn’t quite know what to expect or how things would turn out. But we’ve lived in various different European countries, so the prospect of buying a house in Spain – and extensively remodelling it both inside and out – didn’t really faze us. It was exciting…

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Marbella luxury goods market second-largest in Spain

Author:   |  January 14th, 2016

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Marbella – whose luxury hubs include Puerto Banús and the Golden Mile – accounted for €1.56 billion of the luxury goods spend.

According to a study carried out by the Luxury Spain Association, Marbella is in second place when it comes to revenue generated by the luxury goods market, having been outranked only by Barcelona, and finishing way ahead of Spanish capital Madrid, which came third…

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King’s sister becomes first Spanish Royal to stand trial

Author:   |  January 13th, 2016

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Princess Cristina married Iñaki Undangarin in 1997, but both could now face lengthy spells behind bars. Photo source: AFP.

The trial of Princess Cristina of Spain began on Monday, making immediate history: this is the first time that a member of the Spanish royal family has been tried by the country’s justice system…

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