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

US Fund Cerberus said to be investing €220m in Sotogrande

Author: Carolyn Mowlem  |  August 5th, 2014

Leave a comment
The marina at Sotogrande

World-famous sport and leisure amenities at Sotogrande include a beautiful marina, five golf courses and a polo ground

Although details of the deal are still few and far between, according to reports, giant US investment fund, Cerberus Capital Management L.P. – which is headquartered in New York and whose acquisitions also include a portfolio of bank branches bought from Caja Madrid in 2010 – has successfully won a bid at auction to acquire the Sotogrande real estate unit from previous owners NH Hoteles which controls Sotogrande Golf & Polo Resorts…

Continue Reading

Spain unemployment drops below 25% for first time in two years

Author: Ian Clover  |  August 4th, 2014

Leave a comment

With 17.4 million Spaniards now in work, Spain's economy is at the healthiest it has been for two years

Spain’s jobless rate has ducked under 25 per cent for the first time since 2012 as the country’s economic recovery has gathered pace.

The second quarter of the year generated an extra 402,000 jobs in Spain, dragging the unemployment rate down to 24.5 per cent. During the first three months of the year the average unemployment rate hovered around 25.9 per cent…

Continue Reading

Michelin Guide presentation to bring €10m to Marbella

Author: Carolyn Mowlem  |  August 1st, 2014

Leave a comment
The Costa del Sol's Michelin-starred chefs

The Costa del Sol's Michelin-starred chefs: Dani García, Diego del Río, Marcos Granda & José Carlos García

An ambitious initiative four years in the making has finally paid off with the recent news that the presentation of the ‘Spain & Portugal Michelin Guide 2015’ will be taking place at Marbella’s landmark Hotel Los Monteros this autumn. It’s the first time that the prestigious event has ever been held in Andalucía, and as the most important gastronomic ceremony in the Iberian Peninsula, in terms of media coverage alone it’s estimated to be worth a cool €10m to Marbella in particular, and to the Costa del Sol in general…

Continue Reading

Majority of Brits would leave UK if money no object, study finds

Author: Ian Clover  |  July 31st, 2014

Leave a comment [1]

Spain once again proves its appeal to sun-starved Brits

A revealing poll by YouGov has discovered that more than half of Brits would happily move to another country in the EU if they could be sure that their standard of living would not fall.

With money worries, career prospects and housing concerns stripped away, the majority of Brits polled for YouGov’s Prospect magazine confirmed that they would up sticks to another European country – with Spain far and away the top choice

Continue Reading

Brit spending power surges as pound strengthens

Author: Ian Clover  |  July 30th, 2014

Leave a comment

The euro is 25% down against the pound when compared to its highest level in 2008

UK sterling has strengthened against 18 of the 20 most popular foreign currencies in the past three months, making holidays overseas even cheaper in most of the leading destinations around the world.

The pound has strengthened 3.9 per cent against the euro, making destinations such as Spain even cheaper than normal. In fact, the pound is closing in on an 18-month high against the euro, which perhaps explains why British holidaymakers have flooded to the Costas in their droves so far this summer…

Continue Reading

More good news for Spain economy, but when will wages rise?

Author: Ian Clover  |  July 29th, 2014

Leave a comment

Falling wages simply mean the money in Spain's economy is currently being directed elsewhere, and that has to stop

Spain’s miraculous economic turnaround in the past 12 months has largely been a result of direct government action designed to shake up the labour market.

In aiding the car manufacturing industry with its scrappage scheme, the sector rebounded to become one of the country’s key economic successes. In overhauling antiquated labour laws, companies had more freedom to fire workers, cut wages and hire fresh faces – the result being an upturn in job creation and a boost for the national GDP…

Continue Reading

Is this the bright new dawn for Spanish property?

Author: Ian Clover  |  July 28th, 2014

Leave a comment

The diversity and attraction of the Spanish property market, coupled with lower prices, has brought confidence flooding back

From boom to bust and back again? Not quite – the current upturn in Spain’s property sector looks like it has legs and, rather than inspiring a tidal wave of ‘me too’ markets like last time (Bulgaria, Dubai – we’re looking at you), currently stands alone as the best value property market in Europe.

The halcyon days of the early millennium propelled Spanish real estate to heady heights, with the sector accounting for 18 per cent of the country’s GDP in 2007. Back then, the market generated €30 billion every year; today, the figure stands at barely a tenth of that…

Continue Reading

BBC reports on Brits’ Spanish love affair

Author: Ian Clover  |  July 24th, 2014

Leave a comment

6.5 million Brits visited Spain in the first six months of the year

Your trusty reporters here at VIVA have been saying it day in, day out for years, but now finally the guys over at the BBC have caught on and reported that British tourists are resuming their love affair with SpainContinue Reading

Superstar dance legend Joaquín Cortés centre stage in Marbella 25 & 26 July 2014

Author: Carolyn Mowlem  |  July 23rd, 2014

Leave a comment
Joaquín Cortés in 'Gitano', Marbella, July 2014

Joaquín Cortés' 'Gitano' spectacular takes place at the Hotel Puente Romano Tennis Club on 25 & 26 July 2014

Córdoba-born Joaquín Cortés – hailed as one of the ten best dancers of all time – brings ‘Gitano’, his latest Show, to Marbella this Friday and Saturday night. Fusing the most orthodox flamenco with both classical ballet and contemporary dance, ‘Gitano’ – Gypsy – has been acclaimed as Cortés’ most spectacular Show to date, which the world-famous dancer and choreographer describes as “a journey through dance and music… an explosion of dance in which I want to take the audience on a journey, the journey of my life”…

Continue Reading

VIVA Guadalmina office opens!

Author: Martina Heynemann  |  July 22nd, 2014

Leave a comment [2]

Our brand new office in the exclusive area of Guadalmina.

There’s just no stopping us as our expansion across the Coast continues –  I am delighted to announce the opening of our brand new office in Guadalmina!

It is proving to be a fantastic 2014 for VIVA, now with no fewer than 13 regional offices at strategic locations along the Costa del Sol and Inland too! Continue Reading