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Costa Del Sol Property Group
Costa Del Sol Property Group is one of the most reputable, professional and fastest growing Costa del Sol real estate agents in Spain.
Monday 30 September 2019
Thursday 19 April 2018
Spanish Minister Tells British Expats they are More than Welcome to Stay in Spain
No one fully knows yet, but Spain needs the brits
and will be allowed to stay in Spain
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Spanish Minister Tells British Expats
they are More than Welcome to Stay in Spain
It seems like the fearmongering headlines about Brexit and
the potential fallout have all but vanished recently, but there are still many
people who are left with unanswered questions and a lot of worrying “what if?”
questions.
While a complete 100% answer about what Brexit means for EUcitizens and Brits alike, the politicians who are going to be involved in those
decisions are saying positive things at the very least.
This includes Spanish Foreign Minister Alfonso Dastis, who
told The Andrew Marr Show on BBC1 that even if the UK is unable to secure a
deal on Brexit when leaving the EU, the British people in Spain would be
allowed to remain where they are.
Brussels and the British government have been locked in an
impasse that is a reflection of the political problems the two have been
dealing with since the result of the referendum last summer. The “divorce”
negotiations are so complex and complicated that there has yet to be a single
cause that British PM Theresa May appears to be protecting above all others.
Free trade appears to be important, but there are problems with that. This is
also the case with free movement of people, which is only becoming a more
heated discussion with immigration fears.
Prime Minister May has at least made some concessions for EU
citizens living in the UK and says their situation won’t change, and these
words were mirrored by Dastis when he said that he hopes there will be a deal
and that – should no deal arise – the Spanish government will endeavour to
ensure the lives of British people living there are not disrupted.
Dastis added that there is a very close social and economic
relationship between Spain and Britain. Spain welcomes over 17 million Brits a
year and a lot of them go to the country to live and retire, and Spain wants to
continue this relationship as much as they can.
Spain has become the popular choice for Brits living in theEU. The official statistics from the UK show there are 308,805 Brits currently
living in Spain, but the real number is estimated to be at least twice this.
Around a third of the Brits living in Spain are over 65 years old according to
this same source, and that the proportion of retirement-age expats is growing.
Location:
Marbella, Málaga, Spain
Tuesday 17 April 2018
Spanish Expats in UK Contribute £802 million to British Economy
Expats continue to fund the economy |
The never-ending love affair between the UK and Spain –
outside of the occasional spat over Gibraltar – should be a reminder to
everyone who wants to spread the idea that Europe is divided that even
countries that are as “different” as these two countries have a lot of respect,
admiration and love for each other.
Brits are in love with the climate, beaches, hospitality,
and traditional foods and wines of Spain. Spain, on the other hand, loves the
culture, history, fairness, liberal economic and working conditions and the
food and beer of the UK.
While there are certainly more Brits living in Spain than
the other way around, the gap started to close with thousands of young Spaniards
moving to Britain to escape the recession and find work.
Some of those Spaniards are moving back home now the economy
in Spain is improving, but data from the HMRC in the UK has shown there are
still many Spaniards living in Britain and they are proving to be great for the
country.
The data showed that Spaniards contributed £802 million in taxes in 2014 while claiming only £62 million in benefits. This gave the UK
economy a major net benefit and puts the Spanish in sixth place in the list of
the top ten countries contributing taxes to Britain.
France comes top of the list, with French residents paying a
whopping £2.3 billion in taxes during 2014, putting them ahead of the Polish,
who contributed £2.2 billion. As close as these figures are the net benefit of
French expats is much higher than the Poles with a ratio of 25.6 compared to
2.4 for the Poles. This shows that Polish immigrants are more likely to claim
benefits compared to French immigrants.
Spaniards provide a net benefit ratio of 12.9 which makes
them one of the best contributors to the British economy according to the HMRC
data.
Location:
Marbella, Málaga, Spain
Monday 16 April 2018
Great News for the Spanish Economy; Unemployment Falls by 180,000
Great News for the Spanish
Economy; Unemployment Falls by 180,000
Over 182,000 jobs were created in Spain during the third
quarter of last year between July 1st and September 30th,
bringing down the percentage of unemployed people to 4.66% and bringing the
total number of unemployed people to 3.73 million; the lowest figure since
2008.
Jobs continue to be created |
The third quarter has always been the strongest time for job
creation in the country as it includes the busy summer period where plenty of
seasonal jobs are created. However, when viewed over a long period of time the
trend becomes very encouraging; the third quarter has been a booster for
Spanish employment figures for five years running now, and the performance last
year follows a strong second quarter that saw Spanish total unemployment drop
below four million for the first time since 2009.
The data comes from the Active Population Survey (EPA)
published by the government. The EPA registers not just unemployed people that
report to their local employment office, but also the jobless people that
aren’t registered for whatever reason. This means that the figures in the EPA
are higher than other sources.
Even so, the data shows that the unemployment rate for Spain
has fallen to 16.38%, which is about 2.5% lower than last year and continues
the positive trend of an increase in job security, growth and financial
stability of households and businesses.
Location:
Marbella, Málaga, Spain
Friday 13 April 2018
Three Reminders of What Makes the Costa del Sol so Special
Costadelsol continues to break ts own records |
It’s been shown by recent news events that the 17 autonomous regions of Spain are proud of their heritage and identity and rightly so, including their cuisine, language, culture, and history.
Despite all this, one of the most famous spots in all of
Spain isn’t one of the autonomous regions. It’s the “Costa del Sol”, which is
loosely defined as a slice of the eastern coastline of southern Spain. Most of
the area comes under the jurisdiction of the province of Malaga, but if you
asked someone in a region like Manilva if they consider themselves to be in
Malaga and they would say no.
The entirety of the Costa del Sol does fall within the
autonomous region of Andalucía, which does give the region some uniformity when
it comes to their terrain, climate, and cuisine.
The unique strengths of the Costa del Sol are most apparent
when you break it down even further and go to the regional level. Here are
three reminders of what makes the Costa del Sol so special…
It’s Truly International
The Costa del Sol is home to the Malaga airport, which makes
it easy for people all over the world to make their way to the region. This
makes the area more international than anywhere else in Andalucía and puts it
on a level even higher than that of Seville. The Costa del Sol is perhaps the
most international region in all of Spain with the exception of Barcelona,
Ibiza, and Madrid.
This means that the region is home to the finest bars,
restaurants, fashions, and trends. Marbella is still the home of the
international jet set; Fuengirola is still at the forefront of mass tourism,
and Puerto Banus is still the destination of celebrities, movie stars,
footballers, and multi-millionaires alike.
There’s More Variety Than you Think
For all the he hotel complexes with pools, restaurants, and
family entertainment options hugging the Costa del Sol coastline, there’s
plenty of charming villages that provide visitors with a real taste for
traditional Spanish life.
For all the expat enclaves complete with pubs, plumbers,
football teams, electricians, cafes, and schools built for Brits, there are
similar places that have a Scandinavian feel to them, not to mention the places
with German flavours and the growing influence of Asia. Even so, the Costa del Sol as a whole remains strictly Spanish. There are cobbled streets with
Andalusians that have been there for generations even in Marbella. It’s this
variety that makes the area so fascinating.
It’s Beautiful
Not much can prepare someone for the sights and sounds that
will be waiting them on a Friday night on a Friday night in summer along the
Puerto Banus second line. Stag and hen parties alike filling the air, stylish
Swedes walking the streets, a mixture of American, British, Irish, German, and
Spanish people mingling and enjoying themselves. The Costa del Sol is a place
where anyone can come together and party the night away for a few weeks out of
the year, which is what it is most known for.
There’s still so much more to the region though. Don’t
forget the beaches which come in rural and packed. The resorts which can be as
cheap or expensive as you need them to be. A wide choice of properties matching
every taste and budget waiting for a buyer. Then there is the terrain, which
can go from an urbanised beach to the wilderness of the mountains in a matter
of miles.
The Costa del Sol really does offer something for everyone.
Location:
Marbella, Málaga, Spain
Wednesday 11 April 2018
Spanish Mortgage Approval Rates hit Seven-Year High
Mortgages are on the up and banks start to lend more. |
Spanish Mortgage Approval Rates hit Seven-Year High
Some 26,583 mortgages were approved in Spain during August,
making it the highest monthly figure since 2010, not to mention a massive
increase of 29.1% compared to the same month last year.
The continued upward trajectory of Spanish real estate has
been made clear by a range of data released over the year. Whether it’s the
number of transactions, or prices, or regional growth and overall outlook, the
Spanish real estate market is in good health and only growing.
This recent data, which comes from statistics released by the
Spanish central statistics unit, is perhaps the most accurate reflection of how
things are right now. The numbers tell us that the peak of summer is when the
most homes are bought, and the economic data shows that more and more Spaniards
feel financially secure enough to begin climbing the property ladder.
The figure is naturally topped up by buyers from Britain,
Sweden, Ireland, Germany, and other countries. This is shown by the fact that
Andalucía, home of the illustrious Costa del Sol, saw the highest annual
increase in August mortgage approvals. 50.2% more mortgages were approved in
Andalucía compared to August of last year.
The average mortgage amount is also increasing, albeit not
as sharply as mortgage approvals. The average mortgage amount has increased a
minor 0.7% to €111,488, which is still encouraging despite being lower than the
average increase in property prices. It shows that banks are once again feeling
confident enough to lend money.
When taken as year-to-date statistics, the first eight months
of 2017 saw over 210,000 mortgages approved, which is an increase of 12.85%
over the same period of 2016. When looked at in terms of the past 12 months,
the increase becomes 12.1% with 306,000 mortgages approved in Spain between
August 2016 and August 2017.
Location:
Marbella, Málaga, Spain
Tuesday 10 April 2018
Market Analyst PwC Says Conditions for Investing in Spanish Property are “Perfect”
Market Analyst PwC Says Conditions for Investing in Spanish Property are “Perfect”
Spain continues to be a fantastic long term investment |
The financial analyst firm PwC recently published a positive
assessment of the Spanish property market, saying that the sector was “perfect” for investment in 2018. The report, titled Tendencies in the European Property
Market in 2018, looked at leading property markets in the continent, assessing
past performance and potential futures.
PwC believe that 2018 will be as strong as 2017 for the
Spanish property market, with both sales numbers and average prices expected to
increase. An interesting part of the report is the correlation between the
health of the European economy and Spanish property. As European countries get
stronger financially and have better job security, the Spanish real estate
sector improves.
These parallels may be obvious but they aren’t always
clearly defined by historically cautious analysts. Because of how foreign homebuyers affect the Spanish property sector, the more confident and rich
Europeans are the better it is for Spain.
Conditions in the country itself also make investing in
Spanish property attractive for both domestic and foreign investors. Prices are
expected to increase between 4-6% during 2018 and this kind of growth is ideal.
It balances out returns on investment without increasing so much that it scares
financial markets and banks.
When you consider that Spanish property prices are still
around a third lower than they were at the peak of 2007 and it’s obvious that
Spain guarantees value for money when it comes to property.
The report was also impressed by how Spain is able to
maintain interest in the recovery of their property market. Values and sales
have been growing steadily for the past three years now, and PwC were pleased
by this stability. This is why they concluded that Spanish investment
conditions are “perfect”, which is high praise.
Location:
Marbella, Málaga, Spain
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