National Police officers have arrested two people involved in the fraudulent sale, before a notary in Estepona, of a property for the price of 1,200,000 euros. The alleged perpetrators of the crime, who were arrested in the Malaga province town of Manilva and neighbouring Cadiz, allegedly used fraudulent documentation to impersonate the administrators of the company that owned the property. …
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Revealed: The most expensive street on Spain’s Costa Blanca where homes sell for an average of €4million
THE most expensive street to buy a house in the Valencian Community has been revealed to be in the luxury Altea Hills urbanisation on the Costa Blanca. Calle Las Ramblas also boasts- at €10 million- the most expensive property on the market in the region. With panoramic views of the sea, the road has an average €4 million asking price …
Read More »Flat sharing in Spain? These are the cheapest and most expensive cities for renting a room in 2024
A STUDY by property portal Idealista has revealed the cheapest and most expensive cities in Spain when it comes to renting a room in a shared flat. The analysis looked at the average monthly cost of a room in all the provincial capitals during the second quarter of 2024. At the top of the list was Barcelona, with an average …
Read More »Heavenly designs: How the architects of Spain’s modern churches are taking a minimalist approach
SPAIN’s ancient churches are some of the nation’s most famous architectural gems. They display a variety of architectural styles reflecting the various eras from which they originate , from Mudejar to Renaissance and Baroque. But a new minimalistic church in Tenerife has shown that the era of great religious architecture is by no means over in Spain. The Holy Redeemer …
Read More »How much money do I need to buy or rent a property in Spain? Latest study shows figure is rising
THE average percentage of household income needed to buy a home in Spain rose to 23.1% during the second quarter of 2024 according to a study from the idealista property portal. The percentage is either higher for rentals, 35.7%, as a shortage of properties and rising prices has pushed up rents by 4% over the last 12 months. Francisco Iñareta …
Read More »Mortgage repayments continue downward trend in Spain as another interest rate cut looms
NEXT month’s anticipated interest cut by the European Central Bank is contributing to significant falls in the Euribor- the main benchmark index for mortgages in Spain. August’s Euribor rate is almost a percentage point down on a year ago, standing so far this month at 3.18% compared to 4.073%. Last September, it peaked with a monthly average of 4.149%. The …
Read More »Revealed: Spain’s cheapest and most expensive coastal cities for buying a property
THE most expensive and cheapest coastal resorts for buying a home in Spain have been revealed. The analysis has been carried out by popular property portal pisos.com. According to the most recent data, the most expensive area by the sea on mainland Spain is Marbella. House hunters looking for a 90sqm home in the Costa del Sol city will pay …
Read More »Reformed 500-year-old villa goes on sale for €10.8 million in Spain’s Ibiza
A TRADITIONAL Ibiza house dating back 500-years and which was totally redesigned has been for put for sale with a €10.8 million price tag. The historic property is located in Sant Mateu and has been named Finca Mateo covering 487 m2 on a large plot of land. The house combines ‘historic charm with luxury comfort’, according to Tim Stacey, sales …
Read More »Why are so many Polish people buying property in Spain?
THERE’S been a noted increase in the last two years of Polish people buying properties in Spain with Poles accounting for 3% of the share of foreign buyers. In 2021, the share stood at 1.9%. One reason appears to be a consequence of the Ukraine war and fears among some Poles that Russia might try to invade their country, like …
Read More »Versace to build eight luxury villas in Spain’s Marbella – this is how much they will cost
VERSACE has been revealed as the latest fashion brand to join the booming luxury real estate market in Spain. The Italian fashion house has signed a deal with RGZ Developers to furnish and put its name to at least eight villas in the hills of Nueva Andalucia. It joins several other luxury brands who have put their name to ‘designer …
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