THE deadly fire that killed 10 residents of a Valencia apartment complex may have been spread by the use of a highly flammable cladding banned in the UK, the Olive Press can reveal. Ten people perished in the inferno on Avenida del General Alives on February 22, including a newly-married couple and their two-week old...
IDEALISTA listings have revealed that there are now only two studio apartments available in Alicante for €600 per month, the cheapest offerings in a city where demand for affordable housing now far exceeds supply. Alicante — which once offered entire flats for 300 or less — is quickly becoming one of Spain’s tightest housing markets,...
DESPITE fears of a post-Brexit slowdown and the negative effects of interest rate rises, UK buyers dominated mortgage application requests for home purchases in Spain last year. The conclusion comes from the online mortgage platform Hippo, which says applications for home financing by non-Spaniards in 2023 was 7% higher than the previous year. 40% of...
AN ambitious American has revealed her plans to transform an ancient palace in Spain. Incredibly the woman, known only as Monica C, purchased the historic building online while surfing the web from her home in California. The property, in Cervantes, Galicia, had failed to sell for €225,000 over a four-year period, before it was snapped...
A NEW expert index comparing locations for high-net-worth individuals to invest has ranked Madrid as the hottest property market in Europe. The 2024 Barnes City Index studied 50 cities across the globe for “practical, emotional and financial criteria” that included social life, business, taxation and culture. The Spanish capital was placed as the best in...
THE costliest area for properties on the Costa Blanca has been revealed to be on the Calpe coast. Buyers looking to purchase a home by the town’s Arenal-Bol beach will have to a pay an average price of €7,049 per m2- compared to the national average of €2,215. Not only is that the highest figure...
AS authorities search for answers in the aftermath of the tragic Valencia apartment fire that left 10 dead and at least 15 injured, dean of the Malaga College of Architects Susana Gómez de Lara has assured that, although buildings in Andalucia contain similar materials, there’s no cause for alarm. Much is still unknown about the...
A PRIVATE island featuring a castle is up for sale for a mere €2.95 million- a €1.05 million reduction on the original asking price. The island in the Castilla y Leon region is branded as being fully self-sufficient and is just an hour’s drive from Madrid. It’s located on a lake in El Tiemblo in...
REAL estate on the Costa del Sol is sizzling as prices continue to buck all trends and soar through all roofs, according to a report by the Fotocasa portal. In some locations, prices per square metre have almost doubled, with Casares Costa (Casares Golf-Casares del Sol) seeing a 92.8% rise – to €4,087 sqm. One...
EVER dreamed of hosting a bullfight at your own home? For the average expat, the answer is likely a resounding no. But for the few budding toreros among you, that dream could become a reality thanks to a once-in-a-lifetime property listing. The Olive Press can reveal that the incredible former estate of one of Marbella’s...
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