People in Spain spent on average 43% of their gross salary on rent in 2022, according to a Fotocasa real estate portal study. This is a 3% increase compared to 2021, when “only” 40% of people’s wage was destined to the payment of rent. And a 17% increment in relation to 10 years ago. Last...
Protec Group is a family-run construction business with particular expertise in windows and doors. Founded in 1996, we have decades of experience using the highest quality products and working to the best of standards. An ever-expanding company, we are driven to provide our customers with the best quality of life through our work. Protec Constructions:...
THE Sierra Nevada area of Granada is a dream for photographers, who will encounter some of the best scenery and atmosphere of Andalucia. This is especially true of the rural Alpujarra, lying on its south flank. Here, you’ll find towering mountain peaks, the Mediterranean Sea glistening on the horizon, impressive cloud formations, fiery sunsets, winter...
SPAIN’S government has approved a measure to make up to 50,000 foreclosed homes- held by ‘bad bank’ Sareb- available for low rentals to ease the housing crisis among young people. Sareb was created in 2012 to take over more than €50 billion in real estate and other toxic assets from former savings banks that collapsed...
Four areas in the Costa del Sol are in Spain’s top 50 most expensive places to buy a house, according to a study of real estate portal Idealista. It is no surprise that Marbella has been identified as the most costly place for property buyers in Andalucia, and 9th overall in Spain. A square metre...
THE billionaire car tycoon, Wolfgang Porsche, has been holidaying in Mallorca with his girlfriend, Princess Gabriele of Leiningen. The pair have been staying at the luxury hotel complex St. Regis Mardavall after arriving on the island by private jet. Luxury real estate agent Marcel Remus has reportedly been accompanying the couple on property searches. On...
THE Olive Press carried out a Q&A with Sam Shaje, the man behind the deals and CEO of Marbella Estate Group, about the state of the Marbella luxury property market in 2023. Did house prices go up or down in 2022? In 2022 house prices went up – we’re talking about a rise of about...
MALAGA is the now the fifth most expensive province for buying homes in Spain in comparison to wages, latest figures indicate. The place where the highest proportion of wages that has to go towards home ownership in the country is the Balearic Islands. Madrid, Gipuzkoa in the Basque Country, and Barcelona precede Malaga in this...
BRIAN Berney from C2C Properties is passionate about regulation in the real estate industry and concerned that the vast majority of real estate agents on the Costa del Sol are not members of any professional bodies or affiliated with the Official College of Real Estate Agents. He explains: “Not all agents are registered, as it...
IT has been something of a silent takeover. But in just seven years an ambitious Israeli group has acquired 17 hotels in Spain. In the last year alone, the Leonardo chain has bought eight hotels in the country, with six in the Balearic Islands and one in Fuengirola. The giant €200m-plus splurge includes its first...
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