Property

The new sovereign fund in SPAIN will pay for up to 15,000 rental homes that are affordable each year. Pedro Sanchez, Prime Minister of Spain, pledged the money on Monday at the official launch of the fund. España Crece(Spain Grows) aims to create a pot of up to €120 billion in public and private funds. READ MORE SANCHEZ, MONDAY Of …

BRITS was again Spain’s top foreign home buyer last year. They purchased thousands of homes as overseas purchases edged closer to 100,000 despite rising prices. The UK is still Spain’s largest market overseas. Buyers continue to prefer established hotspots on the Costa del Sol and in the province of Alicante, as well as the Balearic Islands. Agents report that the …

According to the figures compiled by Spain’s registrars, a boom in house prices has not deterred buyers. Six properties are bought every minute, a third of which is in cash. This despite the fact that prices have risen by 10% on average across the country. With 705,357 sales, the number of transactions reached levels not seen since 2008 after the …

MALLORCA’S luxury travel market is having a record year — and the numbers behind it are hard to ignore. The island continues to absorb demand through private accommodation, especially villas and vacation homes. Residents and local authorities face the same pressure points: the housing shortage, the infrastructure capacity and the environmental costs of the peak season intensity. What follows is …

Demand from abroad is shaping the market in a way that has never been seen before. Credit: kallerna / Creative Commons The Costa Blanca will still be a huge draw for British buyers who dream of Mediterranean sun and views of the sea in 2026. But the landscape of property purchase here is changing fast – from buyers and prices …

MARBELLA’S long-delayed Four Seasons project has taken another step forward after the town hall approved €9 million in urbanisation works for the El Pinar site in Río Real. Seven years after the first stone was laid in Marbella, the luxury resort project is once again moving forward, with new planning steps and multi-million-euro works on infrastructure. In 2018, the luxury …

The number of vacation homes in Spain that were available to rent fell by 12.4% between November and December last year. It was the biggest drop ever since the National Institute of Statistics began compiling statistics twice a month. The INE stated that the total was 329.764 in November, which is 13.6% lower than in the previous survey of May. …

A SPANISH Real Estate Organisation gathered in a Costa del Sol Universitiy to discuss the new laws and regulations for Andalucia. Last week, Spanish real estate agents gathered in Marbella to discuss the new Andalucia mandatory registration law. The reform has already changed how property is sold and bought in the region.  The event was hosted by GIPE.Gestores Inmobiliarios Profesionales …

Málaga’s rapid growth has intensified pressure on housing across the city. Credit : Eduardo Frederiksen, Shutterstock Málaga has promised a lot when it comes to housing before. The number this time is too high to ignore. 17 000 new homes are being built. This is what the mayor of the city put on the table in a new municipal plan …

MALAGA’s third hospital will be a huge facility in all senses of the word. The €543 million colossus, officially named Hospital Virgen de la Esperanza, is the biggest civil works project currently on the books in Andalucia – and, once finished, it will also be the largest hospital in the region. Juanma Moreno, president of the Junta, said that construction …