Tag Archives: Property

San Andres Marina faces increasing uncertainty after Qatari financiers missed another important payment deadline. Al Alfia – the sovereign wealth fund associated with Qatar’s royal family – has asked for a second extension after failing to pay a second instalment to the marina’s occupation fee. This raises further concerns about the future of the project. As a possible rival to …

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 …

Home buyers in Valencian Community can save money after the regional government announced a 10% reduction in property transfer taxes. Carlos Mazon said that the Valencian President, who was visiting a social housing development in Alicante City last Friday, would make this cut available to everyone. He stated that “the Valencian Community no longer has the highest property tax in …

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 …

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 …

A WAVE OF luxury developments has swept over the Costa de la Luz holiday resort of Tarifa. The municipality, which is known for its beautiful beaches and strong wind, has seen a boom in real estate, with luxury hotels, residential developments, and holiday apartments popping up. Five major developers have been working with the City Council of Tarifa to meet …

Just over half of the property sales in Alicante province last year were made to foreign buyers. The Valencia Notary Association reported that the number of non-Spaniards who purchased goods grew by 0.7% to 30,290. This represents 50.6%. In the last year, foreigners purchased two of the three new builds in the province. This province represented just over 20% all …

PROPERTY sales and prices are continuing to surge in the Balearic Islands with two homes sold on Ibiza last year for record amounts of €50 million each. Both sales took place in Sant Joan de Labritja, according to the Balearics Government. The average price of real estate transactions across the islands in 2024 was €360,000 but there was an upturn …