Property

The price of houses in Spain has increased three times faster than the rest the Eurozone. According to Eurostat, Spanish property prices are expected to increase 11.2% in the fourth quarter 2024 compared with the same period 2023. The Eurozone, on the other hand, only saw a 4.2% increase. READ MORE This means that in the Eurostat series of reports, …

Residents of Denia’s Les Marines neighborhood say professional squatters occupy empty apartments before extorting owners. It is important to note that the word “you” means “you”. Levante-EMV The newspaper reported that organised intruders were taking advantage of the high number of holiday properties left vacant at this time. The process firstly involves ‘scouts’ that seek to identify unoccupied homes within …

A number of REAL estate agents report that foreign buyers are searching for homes outside the traditionally popular areas in Spain. Instead of immediately choosing the Costa Blanca, or Costa del Sol as the destination, agents have noticed a trend towards looking at different parts, particularly the north. Paloma Pérez, Spain’s executive Director of Sotheby International Realty, said the El …

The Eastside project, which has been long awaited, is now a reality. It will be one of the largest developments in the Rock’s history. Gibraltar’s Development and Planning Commission has granted formal planning permission following a member’s invitation to view the final placement of a large coastal breakwater as part of sea defence plans for the infrastructure. The approval is …

Rafa Matutes (a businessman) and Rafa Nadal (a former tennis player) have been given approval to build up to 50 luxury homes along Estepona’s coastline. Palya Invest, a joint venture formed by the two men last year to build 40 properties around Nagueles de Marbella. Their potential total Costa del Sol investment comes to over €200 million. READ MORE ABEL …

SPAIN’s Golden Visa scheme, which allowed non-EU citizens to reside in the country by making large investments, has ended. In 2013, the initiative was launched to attract foreign capital after the financial crisis. It granted residency permits to those who purchased property worth at least €500,000. READ MORE GOLDEN KNOCK TO RESIDENCY IS NOT MORE Residency was also given to …

In order to open a tourist apartment in Spain, the owners’ and neighbours’ community must now approve the opening. This new law was introduced by the government to “empower” residents and reduce the use of their homes for tourists in a housing crisis. In some areas of Spain, the house prices are increasing uncontrollably. It is harder to find an …

In over 40 Spanish cities, there are plans for massive demonstrations against a housing shortage that has forced many citizens out of the market. The unprecedented mobilisation encompasses almost all major cities plus dozens of smaller towns that collectively represent over a third of the entire population of the country – and more could join the list. Under the slogan …

Three monumental halls are being proposed to celebrate the centenary anniversary of the 1929 International Exposition held on Montjuic. These proposals provide a sneak peek into the first phase for the complete renovation of Barcelona’s Montjuic hill complex.   The proposals look at the renovation from different angles. The first plan is centered on the construction and renovation of the existing …

The Community Property Owners Associations will be able to exercise a veto on Thursday over the use of homes as tourist accommodations. The policy of allowing tourist rentals to be established in apartment blocks without the need for neighbours’ permission has been reversed. The Horizontal Property Law will be amended to require that owners obtain approval from their owners’ association …