Magna Hotels and Resorts get the go ahead to renovate and redesign Marbella’s iconic Don Miguel Hotel.
Last December, Marbella council issued a license for the demolition of part of the hotel but Magna Hotels waited to get full planning permission so demolition and renovation could start at the same time. Read more »
The number of Spanish properties sold to foreigner buyers in the fourth quarter (Q4) of 2017 hit a two year high.
During Q4, there were 13.6% more property transactions featuring non-Spanish buyers, compared to the same quarter the year before, with British buyers accounting for 15.6% of the total foreign buyers market. Read more »
Online bank transfers between EU countries can now be done instantly thanks to the introduction of a new system.
Many Spanish banks, including Santander, BBVA, Caixabank, Bankia, Sabadell and Abanca, have already subscribed to the system which allows instant online money transfers up to a value of €15,000. Bankinter is still deciding whether it will offer its customers this service since they can already carry out such transfers using the Bizum system. Read more »
The number of properties sold across Spain reached a nine year high in 2017, with all 17 regions reporting increases.
Annual sales figures show a total of 464,423 properties were bought and sold in Spain last year, climbing from the 312,000 low in 2012 to the highest number recorded since the 2008 property crash. Read more »
A landmark ruling means British expats could fight for EU citizenship after Brexit, reports newspaper The Olive Press.
Since the UK’s decision to leave the European Union, many expats have been left in the dark as to what will happen to their residency and citizenship rights once the country signs the ‘divorce bill’ and leaves. Read more »
Property prices in major Spanish cities rise 5.1% and 4.1% in the Balearics and Canaries.
The Spanish property market is continuing to grow as residential property prices continue to maintain the upward trend. In January, home prices across the country rose by an average 3.6%, compared with the same month last year, according to new data from property valuation firm Tinsa. Read more »
Spain welcomed a record 81,786,000 tourists last year with the Brits making up the biggest proportion of international visitors.
The British love affair with Spain remains ever strong after a record breaking 18.78 million UK tourists visited the country last year, final international tourism figures show. The number of British tourists in Spain rose by 6.2% from 2016 and accounted for almost 23% of total international visitor numbers. Read more »
A concerning number of British expats living on the Costa del Sol are not registering on the padron.
Data collected on January 1st 2018 shows that 1,630,615 people are officially registered as residents in Malaga province, a drop of 16,162 from the same time last year, according to the National Statistics institute. Read more »