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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...

‘IRREPARABLE’ damage will be done to the real estate sector and tourism on the Costa Blanca if the government abolishes the so-called Golden Visa. That’s the view of the Alicante Real Estate Agents Association (COAPI) and its president Marife Esteso, amidst warnings that foreign investors would ‘disappear’ from the area. Prime Minister, Pedro Sanchez, announced...

‘IRREPARABLE’ damage will be done to the real estate sector and tourism on the Costa Blanca if the government abolishes the so-called Golden Visa. That’s the view of the Alicante Real Estate Agents Association (COAPI) and its president Marife Esteso, amidst warnings that foreign investors would ‘disappear’ from the area. Prime Minister, Pedro Sanchez, announced his intention this week to scrap...

‘IRREPARABLE’ damage will be done to the real estate sector and tourism on the Costa Blanca if the government abolishes the so-called Golden Visa. That’s the view of the Alicante Real Estate Agents Association (COAPI) and its president Marife Esteso, amidst warnings that foreign investors would ‘disappear’ from the area. Prime Minister, Pedro Sanchez, announced his intention this week to scrap...

THE ending of the golden visa scheme in Spain has been met with a wave of criticism, particularly in high-value areas like the Costa del Sol. Prime Minister Pedro Sanchez announced yesterday that the programme, which grants foreigners residency when they buy a home for €500,000 or more, is to be scrapped. The socialist PSOE...