Estate for sale in Álora (Málaga province). House: 207 sqm, plot: 6,496 sqm, 5 bedrooms, 2 bathrooms, swimming-pool, gardens
Category: Real Estate
Spain ranks third as Plan B for foreign investors fleeing Brexit
Spain ranks third as the preferred destination for global investors looking to relocate out of the UK and into other European countries, according to a new survey released on Tuesday by EY. The audit firm (formerly Ernst & Young) asked senior business executives representing firms with foreign investments in Europe about the impact of Brexit on their operations. And 14% of respondents said ...continue reading "Spain ranks third as Plan B for foreign investors fleeing Brexit"
The British Costa exodus: loss of 5,000 people in a single year
The British community in Malaga has shrunk by one third in three years. The speed is due to several factors such as ageing, loss of spending power and fiscal pressure, but its rate is increasing, according to the latest figures regarding continual residence.
...continue reading "The British Costa exodus: loss of 5,000 people in a single year"
6 Homes to rent in Spain, under €790 per month
If you always wanted to live in Spain or ever dreamed with enjoying a long time in the country, but your budget was holding you back, this is your opportunity to make your dream come true. Do not miss this selection of dwellings located around the Iberian peninsula in areas like the Costa del Sol in Málaga, Benidorm in Alicante, Valencia and Cadiz.
1. Apartment to rent in Benalmádena Costa (Málaga) €700/month
130 m2, 2 bedrooms, 2 bathrooms, furnished, swimming-pool, gardens.
Click here for further details
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Millions of home owners in line for payouts over bank loan abuse
Up to 50,000 people in Malaga province, and possibly millions across Spain, could be in line for a large refund from lenders on their mortgage payments after a surprise EU ruling. This includes 
many foreign owners with mortgages in Spain and analysts said that payouts could reach four billion euros.
The European Court of Justice (ECJ) in Luxembourg ruled that Spanish banks that had loaned money to homebuyers on variable interest rates were breaking European law when they refused to pass on the savings from the dramatic fall in interest rates after 2009 by enforcing the so-called ...continue reading "Millions of home owners in line for payouts over bank loan abuse"
British developers lead the revival of Costa del Sol’s property sector despite the Brexit
The United Kingdom’s decision to leave the European Union in June has not discouraged London-based property developers from investing in Spain. Among the companies looking to establish a presence along the Mediterranean are Round Hill Capital, which has chosen the Costa del Sol as its launch pad into Spain. ...continue reading "British developers lead the revival of Costa del Sol’s property sector despite the Brexit"
Brexit vote dents British demand for Spanish property
The number of homes in Spain sold to British buyers has slumped since the Brexit vote and the fall in the value of the pound.
Sales in the third quarter of this year declined 16% after steadily increasing since 2011. Last year the strong pound led British buyers to purchase almost 10,000 Spanish properties, up 42% on 2014, giving them a 21% share of the number of homes acquired by international buyers.
No other nationality buys as much property in Spain as the British, and in recent years they have made a significant contribution to the recovery of the Spanish property market.
About 28% of holiday homes on the Costa del Sol are sold to Britons and 26% on the Costa Blanca. They also dominate the sales of holiday homes in Murcia, the Canary Islands and the Balearics.
...continue reading "Brexit vote dents British demand for Spanish property"
US developer planning mega-resort outside Madrid
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).
...continue reading "US developer planning mega-resort outside Madrid"
8 Fantastic homes for sale in Tarragona province
Renting vs buying a home: European statistics
According to a study by mortgage company Credit Foncier based on European Union statistics, while 65% of people are home owners in Britain, 73% are in Italy, 79% in Spain and 84% in Poland, 
with France having the same number as the UK and Germany having less at just 54%.
The study is based on eight European countries that make up 75% of Europe’s population and also shows that Dutch people spend more of their income on property at 29.4% while British people spend 25.1%, the French 18.2% and Italians 17.1%.
But the Dutch pay less for their homes as prices fell between 2006 and 2015 while they increased by just 2% over this period in France. But buyers in the UK have seen prices rise by 30% over the same period while prices in Germany increased by 30%.
However, in France buyers get more for their money. On average homes are 102 metres squared in France compared to 85 in Poland and just 76 in the UK which has overall the smallest homes in Europe in terms of floor space. The biggest homes are in the Netherlands at 119 square meters and Portugal at 112.
...continue reading "Renting vs buying a home: European statistics"