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Tag Archives: costa del sol

Prices Down 100 Thousand Euros in Ten Years

Prices are down 43.7% since the crisis

The last ten years has seen the price of second-hand housing in Spain fall by an average of 103,294 euros, since the peak of April 2007. Back before the global financial crisis, the average price for a property of 80 square metres was 236,174 euros (2,952 euros/m²), but by February 2017 that price has fallen Continue Reading

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

Estepona Attracting Investment

The Valle Romano Golf Resort, Estepona

Investment fund HIG Capital has signed an agreement with real estate developer Neinor Homes for the purchase of 430 apartments located in the Valle Romano Golf complex in Estepona (Málaga), in a deal worth around 32 million euros. The Valle Romano Golf Resort is located next to a golf course of 60 hectares with eighteen 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

Rental Costs Increased in 2016

Rental costs experienced a rebound in Spain in 2016 and ended the year with a 15.9% increase. This leaves a square metre of rental property with an average price per month of 8.2 euros. Fernando Encinar, head of idealista studies, says that “This huge increase in demand is still not accompanied by a similar increase 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

Ojén Development Gets Green Light

The small town of Ojén (population approximately 2,000) sits in the mountains behind Marbella. Despite its proximity to the coast it has remained relatively unspoilt, not attracting development in the way many local towns have. However, London-based investment fund Round Hill Capital plan to invest 250 million euros in the area over the next seven Continue Reading