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

Sort by...

Category: myVIVA Property (box 1) (130 articles)

VIVA View: Spain’s compensation ruling is a sign of a maturing property market

Spain's property market is far more mature and transparent these days.

It always felt doubly cruel. Not only were homeowners who had unwittingly purchased illegally built property told that their homes would be demolished, but they also learned that they would, in the process, lose everything.

No compensation. No money. No ‘our hands are tied’ apology. Nothing. Appeals could be lodged, court hearings could be made, but the bottom line remained unwavering: homes built illegally would have to be demolished. No exceptions.

Not only did this scandalous behaviour turn the dreams of thousands into an unending nightmare, but it also served to damage Spain’s property market – and the country’s wider reputation – in the eyes of foreigners…

Continue Reading

Author:Ian Clover 20/03/2015 [0] Comments 
VN:F [1.9.7_1111]
Rate this article:
Rating: 4.0/5 (2 votes cast)

Global media note Brits' rekindled love affair with Spanish property

Read all about it: Spain's property market has returned to rude health, and the world's media has noticed.

The media loves a good bad news story. The more lurid the headline, the more it lurches out at you from the newsstand. The more dramatic the detail, the more engrossed the reader. Living vicariously through the whims of the world is what people do, and when things go bad, readership rates rise.

Not 12 months ago this trend certainly held true for the Spanish property market, with the UK media particularly keen to stick the boot in at the merest whiff of trouble. From Brits fleeing the Costas in their droves to pensioner expats being issued with demolition notices, anything that could be deemed damaging to Spain’s property industry was given prominence in much of the national media.

But what a difference a year makes

Continue Reading

Author:Ian Clover 13/03/2015 [0] Comments 
VN:F [1.9.7_1111]
Rate this article:
Rating: 3.0/5 (2 votes cast)

Spain’s Golden Visa scheme attracts 530 applicants

A luxury home AND the right to reside in Spain? The Golden Visa is an attractive scheme for many

Since its launch 15 months ago, Spain’s Golden Visa scheme – introduced to attract wealthy non-EU investors to the country’s property market – has so far registered 530 applicants.

The Visa scheme grants automatic residence and working rights in Spain to individuals who spend more than €500,000 on property in Spain. Such an investment can be spread across a portfolio of properties, and investors can include their family, dependants and unmarried partners in the visa – an added attraction that has evidently appealed to a large handful of Chinese, Russian and Arab investors…

Continue Reading

Author:Ian Clover 11/03/2015 [4] Comments 
VN:F [1.9.7_1111]
Rate this article:
Rating: 5.0/5 (3 votes cast)

Brits drawn to affordable Spanish beach property

Obvious attracts: the allure of beachside Spanish property is proving strong to British buyers

The resurgent strength of the Spanish property market is manifesting in a greater desire among British buyers for affordable beachside homes – something that Spain has in droves.

Underpinned by the country’s wider economic recovery, the Spanish property market has begun to recover the gusto that characterised it at the turn of the millennium, only this time with greater transparency and appeal to discerning British buyers…

Continue Reading

Author:Ian Clover 05/03/2015 [0] Comments 
VN:F [1.9.7_1111]
Rate this article:
Rating: 3.7/5 (3 votes cast)

Spanish house prices post first nationwide rise since 2008

Although slight, the nationwide recovery in Spanish property prices is an encouraging sign for the market

House prices in Spain recorded their first nationwide average increase since 2008 last month, as the recovering property market spreads across the entire country.

Data from the Public Works Ministry showed that the trend began in the last quarter of 2014, with prices for existing homes across Spain rising in value by 0.5 per cent at the end of the year…

Continue Reading

Author:Ian Clover 02/03/2015 [0] Comments 
VN:F [1.9.7_1111]
Rate this article:
Rating: 5.0/5 (2 votes cast)

Costa del Sold! Spain gains again as property market picks up

Spain's property outlook for 2015 looks more assured than it has done for years.

The winters of discontent that have damaged southern Spain’s tourism, hospitality and real estate industries in recent years have skidded to an abrupt halt in 2015.

Despite the Costa del Sol shivering through one of its coldest winters in around a decade so far in 2015, data from its property industry is sure to warm the heart…

Continue Reading

Author:Ian Clover 26/02/2015 [0] Comments 
VN:F [1.9.7_1111]
Rate this article:
Rating: 4.0/5 (4 votes cast)

Renting out your Costa del Sol property

Family disembarking from plane

Last year more than a million tourists stayed in holiday rental accommodation on the Costa del Sol - up 17 per cent on 2013

Whether your Costa del Sol property is standing empty – other than when you and your family or friends are visiting – or you’re thinking of buying a property to rent out, according to recent data from Spain’s National Statistics Institute (INE), self-catering holidays on our Sunshine Coast have never been more popular…

Continue Reading

Author:Carolyn Mowlem 20/02/2015 [0] Comments 
VN:F [1.9.7_1111]
Rate this article:
Rating: 5.0/5 (3 votes cast)

Employment in Spain’s property sector set to soar

Jobs in the Spanish real estate sector are predicted to rise sharply in the coming years.

The growing importance of the Spanish property market to the country’s economic recovery has been laid bare by consultant firm KPMG, which expects jobs in the sector to account for 10 per cent of Spain’s workforce by 2020…

Continue Reading

Author:Ian Clover 16/02/2015 [0] Comments 
VN:F [1.9.7_1111]
Rate this article:
Rating: 5.0/5 (3 votes cast)

Strong pound, weak euro: the perfect storm for a holiday, and home, in Spain

Take note: the strong pound makes Spanish property quite affordable for Brits

It has been nearly ten years since the pound sterling was as strong against the euro as it is currently, and with £1 buying you €1.34 at today’s rate, perhaps now is the time to finally buy that property in Spain

Continue Reading

Author:Ian Clover 02/02/2015 [0] Comments 
VN:F [1.9.7_1111]
Rate this article:
Rating: 5.0/5 (4 votes cast)

Price report confirms stability of Costa del Sol property

Prices, property and volatility all vary across Spain, but the Costa del Sol has more to offer on all fronts

A recent report by Spanish appraisal company Tinsa in which it analysed Spain’s property valuations was notable for revealing just how localised the recent recovery has been.

Indeed, so split along regional and provincial lines is Spain’s property market that it almost makes little sense to discuss the sector as a whole, particularly when just one region, one market, is of interest…

Continue Reading

Author:Ian Clover 30/01/2015 [0] Comments 
VN:F [1.9.7_1111]
Rate this article:
Rating: 5.0/5 (4 votes cast)