Displaying items by tag: malaga
And the good news keeps rolling in from Spain. There is no room for them all, so I will only tell you two very big news.
Spain has several companies that are world leaders in the technology sector, including high-speed rail and solar & wind energy, but now Spain is furthermore firmly put on the world map as the place where the cars of the future will be certified.
Cars of the future will become self-driving and are connected to the outside world via telecommunications.
A new test track for these cars with 5G technology has just been inaugurated as a joint venture between Germany's www.dekra.com which, with its 47,000 employees, certifies electronic devices for the EU, US and Canada, the Spanish telephone company Telefónica, Malaga Technical University, the Spanish state and the local city council of Malaga.
This collaboration will provide thousands of new high-tech jobs in Malaga for the large technology sector for certification of future cars. Congratulations to Malaga !!!
The prestigious World Economic Forum in Davos, best known as the organizer of the annual summit of the world's most important and influential people in the international financial world, publishes a list of the world's best tourist countries every two years.
Spain has been voted # 1 in 2015, 2017 and now again in 2019
The reason why Spain is number 1, is that “Spain has world class in terms of nature, culture, exciting lively metropolitan cities and small medieval cities, gastronomy, clean beaches and not least an impressive infrastructure with new roads, cruise ship ports and modern facilities airports ". Spain receives about 85 million tourists every year, and the number is increasing year by year. Congratulations to Spain !!!
And then the last great achievement: Spain has again become World Champions in Basketball. Congratulations Spain !!!
There is plenty to be proud of if you are Spanish, and for those of us who have chosen Spain as our new home, yes, we are equally proud to live in an amazingly beautiful country with a capable, friendly and wonderful population. Viva España !!!
Half a million properties to have been sold in Spain by the end of 2018
Could 2018 be the busiest year in terms of property sales since 2008?
Official data says Yes!
Following on from recent Notary data, the Spanish National Institute of Statistics has published its own findings with regards to the number of real estate operations and property registrations in September compared to the same month in 2017
Across Spain, the former was up 7.7% interannually in September to 14,377 registered operations.
Of this total, 25,957 operations took place in the region of Andalucía – the home of the Costa del Sol – of which 8,519 were property transactions. According to the National Institute of Statistics (INE), this is 15% better than the ninth month last year for the region.
Continuing the trend, 19.9% of the 42,766 total home transactions in Spain in September were carried out across Andalucía’s eight provinces.
Again, following on from INE’s latest reports, the southernmost region enjoyed by far and away the highest number of total monthly sales; the second most numerous being recorded in the Community of Madrid (6,754 sales).
Besides this year-on-year transaction volume data, an interesting statistic highlighted as part of the report is that of year-to-date property sales. The first three quarters of 2018 saw more than 395,000 Spanish residences change hands, with the final trimester expected to carry on in much the same vein.
Indeed, all indications lead to the 12-month figure reaching – and even surpassing – the 500,000 mark, which would represent the largest volume of sales since the height of the property boom 10 years ago.
So, if you are thinking of finally getting that holiday home on the Costa del Sol you have been thinking about for so long, now could be a really good time to do it. Prices are still low compared to before the financial crises, and rising fast, so not only are you getting the place in the sun you always wanted, you are also making a sound investment.
Contact us NOW, and let us help you find your Spanish Dream Home!
The elephant in the room, Brexit !
Ever since the EU referendum in 2016, estate agents, banks, property developers and potential property buyers and sellers on the Costa del Sol, have asked themselves; how will the UK's withdrawal from the EU effect the Costa del Sol property marked.
Well, two years later, a steady and consistent trend has emerged.
Over the past 12 months, estate agents in the Malaga / Marbella area have reported a 100% year-on-year rise in property purchases made by British buyers.
Marc Pritchard, Sales and Marketing Director of Taylor Wimpey España is confirming the growing trend, having seen far more UK buyers over the past 12 months. BBVA Bank's forecast of a 5% property price increase for Spanish real estate, also underlines the fact that Spanish property is once again a "must-have" for international buyers.
Taylor Wimpey España saw a 15% rise in property purchases across mainland Spain as well as in Mallorca. He said that reservations were "at their highest level for seven years".
Malaga Province's beautiful beaches, 320 days of annual sunshine and more relaxed lifestyle have proved more tempting than gloomy prediction of Brexit. The second homes market at the Costa del Sol is seeing a boom.
Pritchard said that several factors were responsible for this upsurge in demand: a comparatively stable exchange rate of Pound Sterling versus the Euro for several months running and growing interest in the Costa del Sol as a holiday destination and second homes market. The province's beaches and stunning golf courses, were just two of the many reasons why the Costa del Sol is seeing so much demand, he said.
However, at Tapasproperties.com , in our daily communications with British property buyers, we constantly hear two important reasons why our clients want to buy now;
1) "I have been dreaming about having a holiday home on the Costa del Sol for the last 25 years, now I have the cash to do it, Brexit is not going to change that."
2) "I know under what conditions I can buy a property now, I have no idea what the conditions will be like after Brexit, so I want to play it safe and buy now."
So, if you are British and want to secure a property deal here on the Costa del Sol before Brexit, please get in touch at as soon as possible. Remember, the only proven way to save a lot of money on a property purchase is to use a buyer's agent, an agent that always represent you, the buyer, in a property deal, not the seller.
Tapas Properties is your Buyer's Agent, we look forward to helping you, so get in touch now.
The Seychelles,Thailand, Australia, Florida, California… Perhaps these countries and places come to mind when you think about your answer to the question, “Where are the best beaches in the world?” But, none of them come close to the number of blue-flag beaches awarded to Spain this year…
Spain can now boast of a grand total of 590 blue-flag beaches, along with 101 marinas and 5 cruise ship ports. Blue-flag beaches are those that conform to high standards of hygiene, sanitary conditions, safety, water quality, accessibility and the provision of lifeguards.
The 2018 awards saw Greece take second place, followed by Turkey, France and Italy, demonstrating Europe’s global dominance when it comes to consistently well-kept, high-quality, fabulous beaches. Furthermore, it highlights Spain’s attraction for holidaymakers, and people owning property in Spain alike, seeking sea, sun and the fine sands its gorgeous beaches have to offer.
But this honor is not just for 2018. Spain has held this crown every year since the award’s inception in 1987 and new beaches, marinas and cruise ship ports are added to the list every year. This year, 11 more blue flags in Spain than in 2017.
Here on the Costa del Sol, 25 beaches and 5 marinas made it on to the 2018 list. Marbella and Estepona lead the way, with both areas boasting 4 blue-flag beaches and 1 blue-flag marina. While Fuengirola, Mijas Costa and Benalmádena all have 3 top-rated locations to be proud of
If you’re looking for your dream Costa del Sol property near one of these blue-flag beaches – or, indeed, inland – Tapas Properties have the perfect solution for each client.
Welcome to Tapas Properties and the World Class beaches of the Costa del Sol
The International credit ratings agency Standard & Poor’s has raised Spain’s credit rating in its latest Global Ratings to A-, the highest level the country has experienced for six years…
This improvement is based on the notion that Spain’s economic growth is expected to outpace that of the eurozone area in 2018, while the government’s budget deficit is poised to shrink significantly this year.
In a statement issued by S&P last week, Spain’s rating was raised “in view of the country’s continuously strong economic performance, accompanied by a solid current account surplus”.
This is all very welcome news for people who are in the process of making a decision about buying property in Spain.
While an A- ranking means that Spain still has six positions to rise before its economy can be said to be truly purring, it represents a marked improvement on 2012 when the nation’s property crash sent the country’s banking sector into a tailspin that was only stopped by an EU-backed bailout.
Since then, however, Spain’s economy has enjoyed 18 consecutive quarters of growth, with the Bank of Spain now equally as bullish as S&P in forecasting uninterrupted growth through to until at least 2022.
Before the increase, S&P rated Spain’s economy BBB+, which sounds OK but actually comes with much baggage that can make it difficult for the government to borrow money.
S&P is confident that Spain can further improve its score over the next couple of years.
Earlier this year, another global ratings agency Fitch, already increased Spain’s rating to A-, while Moody’s – the third of the big three agencies – is expected to follow soon.
The latest statistics from the property valuation firm Tinsa, have been published for Spain’s first quarter, and they show that the average home was 3.8 per cent more expensive at the end of March 2018 than it was at the same time last year…This increase is a continuation of quarterly increases that goes back more than three years! This reflects the steady momentum that home values have gathered in Spain since the market bottomed out at the end of 2014.
Analysis of Tinsa’s data over that period shows an average annual increase of 5.2% in nationwide home prices, although a typical Spanish property is still around 33% cheaper today than it was in 2007 – the year that represented the peak of the last property boom in Spain.
This time, however, there is no boom, but a steady increase in property prices that is encouraging both property buyers and the banks alike. Indeed, recent data shows that average property values rose 4.3% nationwide in 2017.
Among the regions of Spain, there continued to be wide variation in the levels of increases. Madrid property increased by some 15.5% – an increase that is perhaps a bit too steep to be sustainable, but rather typical of EU capital cities at the moment – while on the Balearic islands, lead by Mallorca, the increase was 10.5%.
The more remote and less populated regions of Spain, notably Extremadura and Galicia, actually recorded a slight quarterly price decline for the first time in three quarters, while steady in the middle was the Malaga province, which enjoyed a four per cent increase in its property values over this period.
Is this Spain's most underrated city break?
THE TELEGRAPH 6 MARCH 2018
Spring arrives early in the south of Spain
- Annie Bennett, destination expert
6 MARCH 2018 • 9:49AM
The birth place of Picasso boasts Easter parades, tapas tours and its very own Pompidou Centre. It’s so much more than just a gateway to the Costa del Sol.
Why go now
To enjoy the sunshine of Andalucia’s early spring, and for Easter week (March 25 to April 1). Malaga’s Semana Santa features hooded penitents shuffling through the rosemary-strewn streets carrying figures of Christ and the Virgin Mary – and you might spot Antonio Banderas, too. Airlines flying from UK airports include easyJet (easyjet.com), British Airways (britishairways.com), Vueling (vueling.com) and Norwegian Air (norwegian.com/uk).
Right by the beach, the five-star Gran Hotel Miramar (1) (telegraph.co.uk/tt-grandmiramar; doubles from €160/£141 without breakfast) combines grande dame glamour with contemporary design. If you are going for Easter, book a room with a street view at the chic and central Room Mate Larios (2) to see the processions from your window (telegraph.co.uk/tt-matelarios; doubles from €80 without breakfast).
Gran Hotel Miramar Malaga, Andalucia, Spain, 8 Telegraph expert rating
Pack your film-star shades and a statement hat. Grand style meets contemporary luxe at the Miramar, which is all about full-on seaside grandeur. I half expected to see Hercule Poirot sitting behind one of the palms in the courtyard. This is the hotel that will put Malaga firmly back on the glamour map. From£141per night Check availability Rates provided by Booking.com
From Plaza de la Merced (3), where Picasso was born, walk down the pedestrianised Calle Alcazabilla with the Roman amphitheatre on the left and above it the 11th-century Alcazaba fortress (4). Up ahead, visit the excellent Malaga Museum (5) (museosdeandalucia.es; free), then stroll along the palm-lined paths in the Paseo del Parque (6) to reach the glass cube that houses the Pompidou Centre (7) (centrepompidou-malaga.eu; admission €7) before walking back along the Muelle Uno (8) waterfront promenade. The Plaza de la Merced, Malaga CREDIT: GETTY
Book tickets online in advance for the Picasso Museum (9) (museopicassomalaga.org; admission from €7). The exhibition And Fellini Dreamed of Picasso runs until May 13.
The Soho Street Art and Tapas tour serves up culture with bar stops (welovetapas.com; €48 per person). The sweet combination of wine and tapas CREDIT: GETTY
Stroll up Calle Marqués de Larios, Malaga’s elegant main shopping street, then veer off into the adjoining lanes to come upon traditional shops such as Calzados Hinojosa (10) (Calle San Juan 20), which has been selling espadrilles for almost a century.
Install yourself at a terrace table at Café de Estraperlo (11) (Plaza del Poeta Alfonso Canales 4) and you will soon get chatting to the friendly team and regulars. Beer from €1.40; gin and tonic from €5.50Show more
At Lola y Ludwig (12) (Calle Vendeja 29) in the Soho area, Andalucia meets Ireland in tapas such as chorizo sautéed in Jameson whisky (€3.50) and dishes including octopus with colcannon tart (€14).
La Concepción, three miles (5km) north of the city centre, is one of the best botanic gardens in Europe (laconcepcion.malaga.eu; €5.20). Created in the 19th century, it is particularly voluptuous in spring. The Malaga Tour sightseeing bus (green line) is the easiest way to get there (city-ss.es/en/malaga; ticket €1.30). See malagaturismo.com for more information.
2018 Spanish property market forecast for 9.3% growth
It has been estimated that the numbers of properties expected to be sold in Spain in 2018 is 526,000 – a 9.3% increase on the 481,000 home sales likely to be recorded sold in 2017.
Next year’s anticipated growth is an average national price increase of 6.1%, which is a bit less than the 6.9% price increases registered this year. However, even with the expected 6.1% price increase, the average Spanish home value will still be 27% below 2007’s peak.
This data comes from Anticipa, a leading real estate analyst in Spain. The firm also compared next year’s projections with last year’s (2016) performance and found a 21% increase in home sales between 2016 and 2018.
Such growth is very impressive, and yet another testament to the strong Spanish economy.
And even though next year’s forecasted sales are still some 42% lower than 2006’s record of 900,000 home sales, it is at least built on solid foundations unlike in 2006 when the credit-fuelled boom was becoming increasingly unstable.
Good pricing and supply makes Spain a top real estate investment destination
For a long time, it has been the UK that was the preferred destination for professional investors looking to put their wealth in property. But with the growing uncertainty around Brexit, the UK’s reputation as a strong and stable safe haven is beginning to unravel – with the property markets of Spain and Germany instead attracting increased attention.
According to a Knight Frank poll of 148 leading real estate investors, that control £300 billion of real estate assets, 20% of those surveyed, view Spain as their preferred investment market in 2018, second only to Germany.
The UK will be the preferred property investment destination of choice for just 12% of investors next year, down from 27% this year.
The main concerns investors have about the UK, are lack of available stock, and unrealistic high prices.
In contrast, Spain’s growing demand for homes, office space and retail and leisure facilities, makes both its residential and commercial markets extremely strong. Prices are a fair reflection of market value, and because the Spanish economy is so strong, there will be a growing demand for office and industrial space, the investors said.
Spanish foreign Minister assures 'Brits' lives in Spain will not be disrupted after Brexit!
SPAIN'S foreign affairs minister Alfonso Dastis was interviewed on the BBC's Andrew Marr show this Sunday, and he confirmed that he wants to make sure British expats in Spain did not have any problems after the UK leaving the EU.
UK citizens living in EU countries such as Spain, are worried about what will happen to them in the event Britain crashes out of the Union without a deal.
"I do hope that there will be a good deal between the UK and the EU," said Spain's foreign minister to Andrew Marr.
"If there is no deal, we will make sure that the everyday lives of ordinary British people who are living in Spain are not disrupted.
"As you know, the relationship between the UK and Spain is a very close one in terms of economic relations and also social exchanges. More than 17 million Brits come to Spain every year, and many of them live here, or retire here, and we want to keep it that way as much as possible."
Brits who want to work in Spain are worried about being at the back of the queue for jobs which employers want to keep for EU citizens, and about problems getting a work permit.
Those receiving a UK State pension are worried that Britain will stop contributing towards their healthcare – at the moment, the British government pays €4,300 a head to Spain, which does not cover costs for those with serious or ongoing medical problems.
Whether Spain would continue to pay the difference if Britain is no longer part of the EU is a concern, although Dastis' words suggest there will be no change.
But Spain is unlikely to be able to afford to replace the €4,300 per pensioner if Britain stop paying.
Whether retired or of working age, Britons in Spain are worried about new rules about having to queue up for residence permits every few years, and the risk of being turned down if their income falls below a certain level.
This means Dastis' comments are music to many expats' ears, since he suggests work permits, residence restrictions and, to a certain extent, healthcare, are not going to be changed.
Many fear a backlash from EU nations if the UK does not give full rights to Europeans living in the UK, but leaders of the EU 27 do not appear to be thinking in those terms.
Their common number one priority – along with the UK settling its pre-existing financial commitments, and a solution being found to the Republic of Ireland-Northern Ireland border – is the rights of citizens caught in the Brexit crossfire, meaning Brits living and either working, studying or living off their UK pension in Europe already have 27 countries on their side, no matter what happens in the outgoing 28th nation.
More Brits live in Spain than any other EU country, and the official figures say they number is 308,805 – although the actual total could be much higher as many may not have signed on the padrón, or council census, and others who have second/holiday homes spend just short of six months in the country, meaning they are not classed as 'residents'.
Of these, only a third are pensioners – 101,045, - according to the UK's Office for National Statistics.
Malaga is the new Barcelona.
Sunday Times, New York Times, Daily Mail and Daily Telegraph all praise Malaga as the new Barcelona and the transformation of Malaga from a place of no interest!
Other than the fact that it had an airport you needed to visit Marbella and the Costa del Sol, to a thriving cultural hub with a wealth of internationally acclaimed museums, some people even going as far as calling Malaga "Hip", and beating Barcelona hands down in the "Spanish Capital with Beach" category.
Malaga is quickly becoming a very popular destination for culture loving Europeans who want an interesting Weekend Break destination complete with great all-year-round weather.
Many also combine their break with having a look for a holiday property on the Costa del Sol / Malaga. They prefer viewing properties with a dedicated Buyer´s Agent, only looking after a property buyer´s interests, and not the vendor´s interests, www.tapasproperties.com is a Buyers´s Agent, so we are not here to sell property, but to help you buy a property that is right for you.
These are some of the most visited and popular museums in Malaga. Come and enjoy them with us who live and work here:
1.The Pompidou Centre, first exhibition center outside Paris www.centropompidou.es
2. Picasso Museum www.museopicassomalaga.org
3. Carmen Thysse Museum www.carmenthyssenmalaga.org
4. Russian Art Museum, www.coleccionmuseoruso.es
5. Malaga City Wine Museum www.coleccionmuseoruso.es
And if you want to look at property while you are here, just give us a call or send us an email, we are always here to help and guide you at www.tapasproperties.com