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CONSTRUCTION of Fuengirola’s new Mercacentro will start on January 22 at a cost of over €12 million. The project has been funded by a surplus in the local council’s budget during the 2022 financial year and the building will be completed by spring 2025. Fuengirola mayor, Ana Mula said: “The old market area will be...

A TORREVIEJA developer has announced plans for a 1,800 home development as part of a new urbanisation containing 7,490 properties in the Costa Blanca city. The largest piece of urban developable land in Alicante province is at La Hoya covering an area of almost two million square metres. The TM Real Estate Group is one...

TO FIX or vary is the key question asked by people applying for a home mortgage in Spain, with a mixture of both also coming into the equation. There are also some promising signs of interest and therefore mortgage rates set to come down this year, making it timely that the Organisation of Consumers and...

AS rental prices have been soaring prohibitively across Spain, Catalonia is set to be the first to step in and, from February, put controls on just how much landlords can charge. Ester Capella, the regional minister for land and urban planning, announced that rent controls are to be implemented in 140 municipalities in the autonomous...

THE AVERAGE price of second-hand housing in Spain rose by 8.86% last year, according to the annual price report compiled by online portal pisos.com In December, the average price per square metre stood at €2,160, after increasing by 0.51% compared to November and 3.41% compared to the third quarter. The annual price hike happened despite...

A DEVELOPER has defended its plans for the new Estepona Marina after receiving a slew of complaints from Brits and locals online. The firm, D-Marin, was criticised after uploading a mock-up image of its plans, which included a mini crazy golf course and a children’s playground. The company had written alongside the image: “We are...

THE price of housing went up a stunning 7.2% in the city of Malaga in 2023 to more than €3,000 per square metre, one of the steepest rises in Spain, a study has found. The attractive city on the Mediterranean coast followed a national trend which saw prices of homes rise by 5.1% throughout the...

A BARCELONA property owner has been given a record fine for renting out unlicensed tourist apartments ‘for years’ in the Old City area. The man has been hit with a €420,000 penalty for accepting bookings to his 14 flats on Calle Ample which he advertised online through internationally famous holiday accommodation portals. Once tourists arrived,...

PROPERTY rentals in Spain will be become even more expensive in 2024 with housing supplies at a ‘minimum’ according to the real estate portal Fotocasa. Rents are projected to rise by over 5% this year, after record-high prices were logged last year. In the first half of 2023, the all-time high rental price in Spain...

SOME much-needed relief for variable-rate mortgage holders in Spain is coming after a fall in the Euribor index- the benchmark for fixing interest on most variable repayments. The Euribor will close December at around 3.688% after registering the largest monthly decline in the last 14 years. After more than 18 months of continuous rises since the European Central...