The Spanish government has announced that the ‘Golden Visa’ program, which grants residency permits in exchange for investments, will end on 3rd April 2025. After this date, no further permits will be issued under this scheme. The ‘Golden Visa’ program was introduced to attract foreign investment by offering residency to individuals who invested in Spanish real estate or businesses. However, concerns have been raised about […]
Airbnb faces fines of up to €100,000 (maybe more*) from the Spanish authorities for failing to remove thousands of unlicensed tourist apartment listings, despite prior warnings. This comes after Spain’s Consumer Affairs Ministry launched formal sanction proceedings against the platform, something that is part of a broader initiative by officials to crack down on unlicensed tourist apartments. Reuters reports that Airbnb said it always asks […]
The trend toward relocation on the Costa del Sol changes everything. We are already witnessing it in places such as The Pool Marbella where new ecosystems of startups and entrepreneurs from around the world are emerging. While several factors contribute to this change, the newfound capability to act on long-held aspirations (point 1 below) appears to be the most significant: 1. Remote work opportunities: The […]
A new professional network for independent real estate agents has launched in Spain’s Costa del Sol. The Independent Associate Agents (IAA) network, established by LM Group and LMG Academy co-founder Marina Nitzak, aims to provide operational support for freelance real estate professionals. The network operates on a cooperative model, offering members shared access to business infrastructure and resources. Members receive standard business tools including Google […]
Foreign buyers made up 14.9% of Spanish property sales in Q3 2024. While this total is in line with recent trends, the mix of buyer nationalities is changing. The UK, Germany, and France traditionally held the top spots, but France has dropped from 3rd to 6th place. Swedish buyers now represent half their 2022 percentage and have declined further since last quarter. Polish buyers have […]
You may have heard that the local agents association the LPA – The leading property agents of Spain held a real estate breakfast presentation earlier this week. Plenty to unpack, I’ll do something more in-depth another day but for now, the main takeaway for me is that at some point next year there will be agent regulation implemented through Andalucia and one of the criteria […]
Marbella offers several exceptional areas for living, each with unique characteristics and appeal. Here are the top neighbourhoods: Luxury and Exclusivity Zones The Golden Mile – Stretches from Marbella city to Puerto Banús – Most exclusive area with luxury homes – Spectacular sea and mountain views – Unique shops and high-end restaurants – Epitome of Marbella’s glamorous lifestyle Puerto Banús – Cosmopolitan and modern neighbourhood […]
VIVA Sotheby’s International Realty has appointed Ugo Bagration as Regional Director for Eastern Andalusia. This move comes as part of a broader expansion strategy by VIVIUM Holding, the investment firm that recently acquired the luxury real estate brand’s franchises in Dubai, the UK, Saudi Arabia and Spain. Ugo, formerly associated with Berkshire Hathaway HomeServices Marbella, brings significant local expertise to his new role. He will […]
The number of properties sold in Spain in May 2024 increased by a moderate 3% year-on-year, reaching 62,485 homes, with the average price per square meter at €1,681, representing a 1.3% annual increase, according to official figures from Spain’s Notaries. Regionally, Andalucia was very similar to May last year on all fronts. The Valencia Region saw similar transaction volume but notable rises in prices and […]
Foreigners spend 76.4% more on new homes compared to second-hand homes when purchasing properties in Spain. Foreigners purchasing new homes in Spain pay an average of €299,053, while the average price for second-hand/resale properties is €169,573. In my experience since the rebound of the market around 2014-16, most new agencies selling to foreigners on Costa del Sol come into the market focusing on new developments […]