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

Spanish mortgage approvals surge 19.2% in June

Author:   |  August 21st, 2017

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June is always a strong month in Spain for property sales, and this year has proven particularly bullish.

June is always a strong month in Spain for property sales, and this year has proven particularly bullish.

Official notary data from Spain for the month of June has shown the sharpest increase in a decade in the number of mortgages granted on residential property.

According to the statistics, the 23,223 mortgages granted in Spain in June this year was 19.2% higher than the same month last year. This figure means that nearly half – 45% – of all properties bought in June were financed this way…

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Spain’s building industry to grow 4% annually, data shows

Author:   |  August 18th, 2017

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Madrid’s skyline changed dramatically a decade ago, and new activity could alter it once again.

Madrid’s skyline changed dramatically a decade ago, and new activity could alter it once again.

“A forest of cranes” is how Bloomberg describes the Madrid skyline, and while the Spanish capital looks nothing like Dubai’s crane-dappled visage of a decade ago, the burst of building work in and around the city is noteworthy…

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Does the siesta really increase Spaniards’ life expectancy?

Author:   |  August 16th, 2017

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Spaniards can expect to live to 82.8 years old - and they have their diet, lifestyle and the siesta to thank for that.

Spaniards can expect to live to 82.8 years old – and they have their diet, lifestyle and the siesta to thank for that.

Ah, the siesta: a much admired, mythologised portion of daily Spanish life that most other European nationalities look at with not a little envy and bemusement.

Aside from the very simple fact that nothing is really stopping Brits, Germans or Scandinavians from adopting their own siesta culture, the very notion of taking a two-to-three hour snooze break in the middle of the day is an alien concept to most cultures, but could the Spanish have been on to something all this time?…

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Spain sees record tourism and foreign property activity in first half of 2017

Author:   |  August 15th, 2017

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Foreign investors are snapping up Spanish property in record volumes... and using it for their very own holiday enjoyment, data shows.

Foreign investors are snapping up Spanish property in record volumes… and using it for their very own holiday enjoyment, data shows.

Stop us if you’ve heard this one before: Spain’s property market and tourism industry is in rude health, with the latest data from Jones Lang LaSalle (JLL) and the National Statistics Institute (INE) showing that the first half of 2017 was a record year in many ways…

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Property sales up 11% in Málaga province

Author:   |  August 14th, 2017

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All signs were positive in February, with mortgages, sales and prices strengthening.

In terms of property sales, nationally Málaga province was in fourth place, behind Madrid, Barcelona and Alicante.

According to the latest data from Spain’s National Statistics Institute (INE), and published last week, no fewer than 15,185 property transactions were recorded in the province of Málaga in the first six months of this year…

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July delight as Spanish property prices rise a further 3.7%

Author:   |  August 11th, 2017

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From coast to coast and city to city, there was a near-universal trend of rising home values in Spain in July.

From coast to coast and city to city, there was a near-universal trend of rising home values in Spain in July.

The latest nationwide price index for Spanish property published by valuation firm Tinsa has revealed that average property values are 3.7% higher in July this year when compared to the same month a year ago…

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Santander sells €10 billion worth of Spanish property

Author:   |  August 10th, 2017

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Santander's sale of Spanish property is indicative of broader movement in the real estate sector.

Santander’s sale of Spanish property is indicative of broader movement in the real estate sector.

Movement in Spain’s real estate industry has been brisk for the past 24 months at least, with the residential housing market particularly buoyant thanks to the cash and activity of private buyers…

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‘Despacito’ song could boost Spanish language uptake, say music experts

Author:   |  August 9th, 2017

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Are you one of the few people on the planet not to have yet heard Despacito?

Are you one of the few people on the planet not to have yet heard Despacito?

The written word is obviously not the best medium through which to portray just how addictive the song ‘Despacito’ by Luis Fonsi and Daddy Yankee is. The global smash of an earworm is the first song ever to surpass three billion YouTube views, and once heard is hard to forget…

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Spanish property and jobs proving popular… with returning Spaniards

Author:   |  August 7th, 2017

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Fiesta time for Spain as the country enjoys the status as one of Europe's most dynamic and positive economies.

Fiesta time for Spain as the country enjoys the status as one of Europe’s most dynamic and positive economies.

Spain’s population has begun to grow for the first time since 2011, reaching 46.58 million at the beginning of the year, according to data from the Institute of National Statistics (INE).

This boost has been attributed to a rise in newborn babies, a growth in expats and immigrants and – rather significantly – a spurt of “returnees”: Spaniards who left the country during the tough recession years who are now flocking back as the recovery goes from strength to strength…

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Spain made €60 billion from tourism last year, data shows

Author:   |  August 4th, 2017

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The InterNations survey ranked Spain as the fourth best place in the world for expat quality of life.

Second for revenue, third for numbers, first for growth – Spain’s tourism sector has really hit its stride.

The tourism industry injected €60 billion into the Spanish economy in 2016 – more than any other country on the planet bar the USA, data from the UN’s World Tourism Organisation (UNTWO) has shown…

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