The Costa’s real estate sector has got off to a strong start this year, new data shows.

In figures released this week by the Colegio Oficial de Arquitectos -the official body in Malaga that certifies architects’ plans for new buildings - its experts approved 1,397 new flats or houses in ...continue reading "Number of planned new homes on Málaga coast shoots up by over 250 per cent in a year"

For the second time in a row, its tourism sector ranked as the most competitive in the world, according to the World Economic Forum, ...continue reading "Spain’s tourism industry ranked as the most competitive in the world"

Government statistics have shown that there were 15 per cent more foreign tourists in Andalucía in January compared to the same month last year.
...continue reading "Andalucía sees big increase in foreign tourists in January"

Spain has shattered its own tourism record for the seventh year in a row: 75.3 million foreign visitors made their way to the country in 2016. That’s 7.2 million more than in 2015, for a rise of 9.9%, according to early figures from Spain’s Energy and Tourism Ministry.

Visitors to Spain in 2016 shelled out a total of €77 billion, up 8.3% from 2015 figures, while average per capita spending was €1,023 for a more modest rise of 3.75%. The average daily amount spent by visitors was €138, some 6.5% higher than a year earlier.
...continue reading "Spain shattered its own tourism record in 2016"

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The Cordish Companies, a US real estate developer and entertainment operator, is planning to invest at least €2.2 billion on a Madrid resort. The complex will create more than 56,000 jobs for the regional economy, the company claimed in a presentation. The project includes hotels, restaurants, stores, theaters, cinemas, gaming areas and even a circus.

The company has already presented the project to the regional government, which is controlled by the conservative Popular Party (PP).

Resort planned by The Cordish Companies in Madrid
...continue reading "US developer planning mega-resort outside Madrid"