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YOUNG people in Spain need to save for up to 61 years to afford a 100m2 flat, a study has revealed.  Ibiza has made headlines in recent years for its housing crisis, with many people sleeping in their cars and renting out sofas to house hunters.  Now, a study by Ener2Crowd, has revealed Vila, Ibiza, is the hardest place in Spain to buy property, with young people needing to save some 61 years to afford a...

A STUDY has suggested nine out of ten new homes on the Costa del Sol are being reserved by foreign buyers. The data has come from a report by major developer AEDAS Homes, entitled Profile of the International Buyer of New Construction Homes 2023. The study, based on a sample of more than 400 clients, says the construction of new homes to international buyers grew by 13% in 2023. Meanwhile, on the Costa del...

NORTHERN Spain led an important turn round for February property sales in the country- after a year of monthly declines in real estate deals. The National Institute of Statistics (INE) revealed on Monday that there was a 5.8% increase in February compared to a year earlier, reversing a trend of sales falls. The regions with the highest increases were Navarre (50.6%), Galicia (38.4%) and Murcia(19.5%). READ...

THE successful La Sala restaurant empire has officially expanded into property after launching its own real estate business. La Sala Homes opened its doors to the who’s who of Marbella on Friday night – including Mayor Angeles Muñoz – as it inaugurated its first ever office. The estate agency is situated next door to the flagship La Sala restaurant in Puerto Banus. More information about its...

I HAVE noticed a strong trend in recent years, accelerating since the pandemic, for Marbella to become a destination of choice for luxury home purchases. It seemed to me that luxury home sales and purchases were becoming a growing part of the overall real estate market. This was largely a phenomenon that was anecdotal, based on my experience. I wanted to confirm whether it was actually the case and not...

By property expert Mark Stucklin IN the wake of Covid-19 the EU launched the NextGenerationEU recovery plan with €807 billion to help economies recover from the pandemic. This was aimed especially at the hardest-hit countries like Spain, which suffered a real decline in GDP of 11.2pc in 2020, compared to an EU average of 5.6pc.  “NextGenerationEU is more than a recovery plan – it is a once in a...

RESIDENTS on the Costa del Sol will be breathing a sigh of relief after recent rains reversed the decision to ban the filling of private pools. Estepona has become the first municipality in Malaga province to announce that urbanisation swimming pools as well as private ones will be permitted to be filled and refilled during the summer. The mayor, Jose María García Urbano, thanked the recent rains for the...

FOREIGNERS are paying more for their properties in Spain compared to ‘locals’ according to figures from the General Council of Notaries. The data says that non-residents paid an average of €2,715 per m2 for homes in the second half of 2023- up 6.1% year-on-year and a record figure. Numbers have returned to 2008 levels with the average total price paid for homes in Spain reaching which €1,712...

THESE are the most popular locations for ‘golden visa’ homebuyers in Spain, including this Costa del Sol region. Since 2013, many foreigners have come to Spain under the so-called ‘golden visa’.  Introduced to attract investment in the Spanish economy and real estate sector, the scheme granted residency to anyone who purchased a property of €500,000 or more.  The mechanism also applied to...

RESTRICTIONS will be imposed by the government on the number of tourist apartments in ‘stressed’ areas of Spain. Housing Minister, Isabel Rodriguez, said on Thursday that she will intervene to limit tourist apartments in parts of the country because that ‘it is harming the right to access housing’. The country’s 17 regions have no definition of what is a ‘stressed’ area but Rodriguez’s...