Uncategorized

Spain’s Airbnb craze sparks row after 27,000 businesses are turned into flats: ‘Guiris go home’ stickers appear on tourist lets in Valencia – but local in Malaga says ‘thanks to them we all have jobs’

FIGURES released this week show that more than 800 shops, bars and other local businesses in Malaga have been turned into homes over the...

Rent control in Spain: Catalunya cracks down on landlord ‘loophole’ amid surging prices – all you need to know

THE Catalan regional government has approved an amendment to its housing law which will close a key ‘loophole’ that allowed landlords to evade the...

OPINION: Airbnb might be viewed as a menace in Spain – but if I owned a property it’s the first place I would list it!

AIRBNB and Booking.com are coming under fire for ‘forcing locals out’ of major cities across Spain. The problem, according to youngsters in Malaga, Barcelona,...

Meet the ‘couple’ making €1million by managing 400 Airbnb flats in Spain – sparking death threats and anti-tourism sentiment online

A COUPLE who rake in €1million per year by operating 400 Airbnbs between Madrid and Malaga have sparked a backlash online. Fran and Marta...

British tourists are caught up in ‘squatter fraud’ nightmare in Marbella: Holidaymakers are met by police after unknowingly paying up to €1,000 EACH to a man who ‘had no right to lease luxury villa’

Have you been caught up in this story? Email tips@theolivepress.es A GROUP of British tourists have endured a holiday nightmare after discovering their luxury villa was allegedly rented to them illegally. A TV report by Antena 3 today showed Brits with their heads in their hands as a lawyer flanked by police explained to them that they had in fact been victims of a fraud. It is believed they had rented the...

Revealed: How young people in Spain need to save for up to 61 YEARS to afford a 100m2 flat

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...

Poles, Brits and other foreigners are reserving 90% of new homes on Spain’s Costa del Sol, study suggests

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...

Is the north of Spain the next property goldmine? Figures from February show sales in Galicia and Navarra are soaring – while Andalucia and the Canaries suffered a year-on-year decrease

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 La Sala empire expands into property: Hospitality juggernaut opens a real estate agency in Marbella

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...

Why is the luxury property market booming in Malaga province and is a bubble forming? Property expert Adam Neale gives his verdict

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...