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

Emigrating is child’s play for kids, study finds

Author: Ian Clover  |  August 12th, 2014

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Expat kids are happy to dive right into a life in Spain

Although moving abroad to another country can be an extremely rewarding and enriching experience, the process can often take its toll on some people, not least the younger members of the family forced to uproot from their childhood home and leave behind friends and schooling.

However, a recent study by Spain’s Obra Social La Caixa has revealed that it is in fact the younger generation who settle into their new life abroad better than adults… Continue Reading

Spanish house sales rise 8.8% in a year

Author: Ian Clover  |  August 11th, 2014

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Sales in Spanish property are up for the fourth month running

Figures published this week by Spain’s National Statistics Institute (INE) show that sales in Spanish property have risen by 8.8 per cent in the space of 21 months.

In June this year there were 26,076 property transactions for the month, nearly all of which were in the resale market. This is a significant increase on the same period last year, and represents the fourth consecutive monthly increase in property sales… Continue Reading

Spain tops list of dream retirement destinations

Author: Ian Clover  |  August 7th, 2014

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A retirement in Spain is the dream for many Brits... a dream that is easy to make reality

A recent survey asking Brits aged over 18 but not yet retired has found that one in six hopes to spend their twilight years abroad – with Spain far and away the most preferred destination.

Retirement income specialists MGM Advantage asked a varied selection of Brits how they hope to spend their retirement years. According to the survey, more than six million of us wish to retire abroad, with over half of that figure keen to stay in Europe

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Famous faces bring extra heat to Marbella for premiere of The Expendables 3

Author: Holly Purnell  |  August 7th, 2014

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The Hollywood stars Sylvester Stallone, Wesley Snipes, Jason Statham, Antonio Banderas, Kellan Lutz and producer Avi Lerner have been in Marbella for the Spanish premiere of their new movie The Expendables 3 (‘Los Mercenarios 3′ in Spanish)… Continue Reading

Spain house prices set to rise in 2016, say analysts

Author: Ian Clover  |  August 6th, 2014

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On the rise: Property prices in Spain are set to edge upwards from 2016

Credit ratings agency Standard & Poors released a report last week that predicts house prices in Spain will rise by two per cent in 2016, after reaching the bottom of the market next year.

Since the economic crisis brought Spain’s real estate sector tumbling in 2008, property prices have fallen by an average of 30 per cent across the country. On the Costa del Sol, many experts agree that prices bottomed out towards the end of 2012 and into 2013, and have steadily begun to rise in some of the more popular resorts such as Marbella and Nueva AndalucíaContinue Reading

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

Author: Carolyn Mowlem  |  August 5th, 2014

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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…

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

Author: Ian Clover  |  August 4th, 2014

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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…

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Michelin Guide presentation to bring €10m to Marbella

Author: Carolyn Mowlem  |  August 1st, 2014

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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…

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

Author: Ian Clover  |  July 31st, 2014

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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

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Brit spending power surges as pound strengthens

Author: Ian Clover  |  July 30th, 2014

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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…

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