Costa del Sol property & lifestyle, news, views, advice & information

Spanish mortgage approvals rise at fastest rate for eight years

Author: Ian Clover  |  August 29th, 2014

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June saw Spanish mortgage approvals shoot up considerably when compared to last year

Official figures released by Spain’s National Statistics Institute (INE) this week have revealed that mortgage approvals in June rose 19 per cent year-on-year – the biggest monthly increase since March 2006.

Although overall mortgage approval numbers were some way short of the market’s peak in 2006 and 2007, the increase signals a slight cause for optimism for the Spanish property market.

The INE reports that 17,137 mortgages were approved in June, with the average loan amount rising 1.3 per cent to €98,582. In total, €10.7 billion in mortgage loans were signed off in June…

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Merkel & Rajoy praise Spain’s recovering economy

Author: Ian Clover  |  August 28th, 2014

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The leaders of Spain and Germany enjoyed a productive weekend ahead of the latest EU Summit

Mere days after donning their hiking boots and walking part of the Camino de Santiago, German chancellor Angela Merkel and Spanish Prime Minister Mariano Rajoy have spoken in unison about the encouraging road to recovery Spain’s economy has embarked upon

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Spain’s oldest village offers cut-price plot sale

Author: Ian Clover  |  August 27th, 2014

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Bienvenido: Residents of Olmeda de la Cuesta (average age 75) are keen on attracting young blood to the village

In a village with just 35 residents and an average of a sprightly 75, Olmeda de la Cuesta could be forgiven for counting its blessings, turning inwards and enjoying the peace and quiet that the hills 160 kilometres east of Madrid provide.

But that is not Olmeda’s style. Instead of shuffling quietly into anonymity, the village has launched an audacious plan to attract fresh young blood by offering up for sale eight bargain plots of land…

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90 per cent of foreign buyers on the Costa del Sol don’t need a mortgage, study finds

Author: Carolyn Mowlem  |  August 26th, 2014

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Marbella, Costa del Sol

The Costa del Sol property market is being driven by foreign buyers

Focusing on the current state of the Costa del Sol property market, a new study – just released by international real estate consultancy Aguirre Newman – confirms that throughout 2014 activity is being driven by foreign buyers, 90 per cent of whom, given that prices have been falling for 7 years, do not need to finance their purchase…

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Spanish learning on the rise in UK schools

Author: Ian Clover  |  August 25th, 2014

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Spanish is on its way to becoming the most popular foreign language in UK schools

In what has been dubbed ‘the Messi effect’, UK school examiners have noted the rise in popularity of Spanish at the expense of French and German, with many experts expecting it to soon become the most popular foreign language in schools across Britain…

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Angela Merkel to walk the Camino de Santiago

Author: Ian Clover  |  August 24th, 2014

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German chancellor Angela Merkel is set to meet the Spanish PM for talks

In a pretty subdued but interesting publicity stunt, German Chancellor Angela Merkel is set to walk a 5km section of the famous Camino de Santiago trail alongside her Spanish counterpart, Prime Minister Mariano Rajoy.

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Ukraine skirmish keeping Russians away from Spain

Author: Ian Clover  |  August 22nd, 2014

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In 2012, Russia's middle class kept Spain's tourism industry afloat; today, their numbers are dwindling

Having swelled Spain’s beach resorts, hotels and restaurant numbers in recent years, newly wealthy Russian tourists have stayed away from the country in their droves this summer as Russia teeters on the brink of full-out conflict with its neighbour Ukraine…

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Have you checked out Zahara de los Atunes yet?

Author: Ian Clover  |  August 21st, 2014

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Nowhere encapsulates the beauty of southern Spain better than Zahara de los Atunes

The southern reaches of Spain are dotted with more hidden gems than a stowed-away pirate ship, and one of the best among them must certainly be Zahara de los Atunes.

This laid-back beach town is blessed (or cursed, depending on your perception) by the fact that its larger neighbour Tarifa acts as a kind of tourist buffer. If you’re heading south from the Costa del Sol for a weekend of Atlantic swimming, dune trekking, chiringuito-frequenting fun then Tarifa ticks all your boxes. And it’s closer, too…

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King and Queen of Spain to visit the Costa del Sol in September

Author: Carolyn Mowlem  |  August 20th, 2014

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King Felipe VI and Queen Letizia on their coronation day

King Felipe VI and Queen Letizia on their coronation day, 19 June 2014

Less than three months into their reign, Spain’s new monarchs King Felipe VI and Queen Letizia will be visiting the Costa del Sol from 5 – 7 September to attend the XIX edition of the Spain–United States Forum taking place at Marbella’s internationally renowned Hotel Don Carlos

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Older generation more reluctant to retire abroad, study finds

Author: Ian Clover  |  August 19th, 2014

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Retiring abroad should not be daunting, but many Brits are put off the idea as they grow old

Most Britons who while young dream of retiring abroad are less likely to do so as they age, a recent study has found.

Retirement income specialist MGM conducted a poll of British workers and found that those approaching retirement age were increasingly less likely to want to move overseas, citing a greater awareness of the potential pitfalls that could await them…

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