NEW figures from the Spanish Statistics Institute (INE) have revealed that 98% of new residents in the Balearic Islands were foreign during the first six months of 2024.  Some 4,424 people moved to the islands during this period, but only 75 were Spanish. The rate of new foreign residents was highest in Ibiza, at 97.6%, followed by Formentera at 71.4% …

A BRITISH millionaire has furiously denied squatting his own €3million villa in a bid to keep out his tenant. Anthony Nartey is currently locked in a legal battle with Spanish businessman and self-described ‘Airbnb investor’ Aaron Fernandez. According to Fernandez, he signed a year-long lease for the luxury property in an upmarket area of Sant Josep, Ibiza in March. He …

HOME sales in Spain fell by 4.6% during the first half of 2024, compared to the same period last year, based on buyers recording details with property registries. The figures showed June falling by 6.1% with just over 50,000 homes registered. Sales have picked up after a strange spring period as numbers dropped by 19.3% in March, countered by a …

PROPERTY prices are climbing ever higher in Spain as demand outstrips supply. Since 2019, only the Balearics have seen faster price rises than Andalucia, according to a report by BBVA Research. The ‘Real Estate Observatory 2024′ reports that both new and existing homes have increased in price by just over 20% since 2019. Despite the boom, BBVA estimates that prices …

On the week of July 15-21, the Euribor charge was recorded as at its lowest stage this 12 months. Specialists acknowledged that additional drops are anticipated, making it a beautiful time to buy property in Spain. Persevering with decline In June 2024, Euribor marked a median charge of three, 65 per cent with the indicator beginning the 12 months at …