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

Summer brings more jobs to Spain’s recovering economy

Author: Ian Clover  |  August 15th, 2014

Leave a comment

Fully booked hotels throughout the country certainly help boost Spain's job figures

It happens every year but every year it is worth reporting – the month of June saw Spain add 100,000 new jobs, lowering unemployment for the 11th consecutive month.

If onlookers were in need of reassurances that Spain’s economic recovery has now eased into the fast lane, then this is surely it. Official figures released this week by Spain’s Labour Ministry show that the number of people registered as unemployed in June fell by 122,684 – bringing the national unemployed figure down to 4.45 million…

Continue Reading

Just one night in Marbella for Paris Hilton

Author: Ian Clover  |  August 14th, 2014

Leave a comment

Paris Hilton in DJ guise spinning the decks in LA

Model, actress, singer, TV personality, reality TV star, heiress to a multi-billion dollar hotel fortune and, soon and for one night only, DJ at one of Marbella’s hottest nightspots – yep, Paris Hilton sure knows how to keep adding strings to her bow.

The American, 33, will play a set at the exclusive Olivia Valère nightclub on August 18 before jetting off on her private plane to do likewise in Ibiza and Barcelona later this month… Continue Reading

Can the SiestApp revive Spain’s disappearing siesta?

Author: Ian Clover  |  August 13th, 2014

Leave a comment

Time for a siesta? There's an app for that...

While the stereotype of lazy Spaniards catching forty winks every afternoon under the cooling shade of tree-lined boulevard may be as strong as ever, the actual siesta custom is in danger of dying out in Spain, with new research showing that only 10% of Spaniards find the time for a siesta on a regular basis.

However, all that could be set to change with the launch of a new smartphone app… Continue Reading

Emigrating is child’s play for kids, study finds

Author: Ian Clover  |  August 12th, 2014

Leave a comment

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

Leave a comment

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

Leave a comment [5]

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

Continue Reading

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

Author: Holly Purnell  |  August 7th, 2014

Leave a comment

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

Leave a comment

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

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