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Category Archives: News

Property Sales in December and 2016 Results

Property sales increased 5.9% in December

December 2016 saw a little over 60,000 property sales in Spain, an annual increase of 5.9%. 83.6% of purchases registered in December correspond to urban properties, and 16.4% to rustic. In the case of urban property sales, 57.3% were residential property. The number of sales of rural properties increased by 7.4%, year-on-year, while the number Continue Reading

Resale Property Prices Fell in January

Property prices fell 2,6% in January

After a good year in 2016, this year has started slowly for the real-estate market with the price of used housing registering a slight decline in January. The price of a square metre fell by 2.6%, to stand at 1,508 euros, according to figures released by idealista. Compared to January 2016, the annual decline is Continue Reading

Málaga Airport Traffic Increased in 2016

Málaga Airport handled 7,647 flights in December

Málaga-Costa del Sol Airport exceeded 16 million passengers in 2016, thanks to growth in both the foreign and domestic markets. The total number of passengers to pass through the airport was 16,672,776, according to data from AENA. This represents an increase of 15.7% when compared to the previous year. The bulk of those passengers (16,621,669) Continue Reading

Improvements Planned for San Pedro de Alcántara

The money continues to rain down on San Pedro de Alcántara as yet more redevelopment work is announced. In recent years, the town has been transformed. First there was the addition of a tunnel beneath the town to alleviate heavy traffic passing through. Then came the new boulevard which has become a popular meeting point Continue Reading

New Housing in Malaga Exceeds Madrid

The Costa del Sol has the largest amount of new housing available in all the Mediterranean coastal areas, with 2,482 new properties. The Costa Blanca comes next with 2,110, according to data provided by ST-Valuation Society (ST) at the end of 2016. The amount of new property around the coast of Malaga surpasses that of Continue Reading

Goodbye 2016 – It Was Emotional

As 2016 draws to a close we can all look back and reflect on the lessons learned, the choices made and the rewards earned from a turbulent year. As well as the usual ups and downs associated with the real-estate market there have been a few surprises to contend with this year. We had to Continue Reading

Passenger Numbers Increase at Málaga Airport

November was another busy month for Málaga Airport with almost a million passengers passing through, proving that the allure of the Costa del Sol is more than just sunny weather. Despite being outside of the blistering summer months, and pre-Christmas season, November saw Málaga-Costa del Sol airport handling 965,188 passengers. They were distributed across 7,823 Continue Reading

Mortgage Approvals Up But The Game Has Changed

The mortgage market in Spain is continuing to pick up speed. We are still a long way from the volume of new mortgages that we saw during the property bubble, but recently we have seen double-digit growth in lending month after month. In Malaga over the first three quarters of the year there have been Continue Reading

Sheikh Al-Thani Loses Port Contract

After many years of “will he or wont he”, it seems time has finally run out for Sheikh Abdullah Bin Nasser Al-Thani. Back in 2011, the successful businessman presented a plan to reform Marbella’s Puerto de la Bajadilla. The plan proposed a total redevelopment with an 84 million euro investment. The Sheikh, who also owns Continue Reading

Demand For Luxury Property Increasing

Despite the financial crisis and continuing austerity in many European countries, the demand for luxury homes in Spain continues to grow. Luxury homes (those over one million Euros) have seen a 78.8% increase in viewings since 2013, Spain’s “annus horribilis”. In August 2015 the number of searches for property over one million Euros on property Continue Reading