Property purchases financed by mortgage loans have increased dramatically over the last 12 months, as interest rates hit new record low.Over 50 per cent of new home purchases in Spain are now financed by mortgage loans for the first time in a decade, due in large part to record low monthly repayments. Most Spanish mortgage repayment terms are calculated with reference to the Euro Interbank Offered Rate (or Euribor) which fell to an extremely ... [Read More]
Spain ranks within Top 5 countries for expats according to HSBC Survey
Spain ranked among the top five countries for expats, according to results published by the most recent HSBC Expat Explorer Survey.Using feedback from 18,059 individuals who live and work outside of their home country and are over the age of 18, participants answered 27 online questions between February and March of this year. Questions were divided within 3 categories covering living standards, professional and financial goals, ... [Read More]
Record-breaking 13 million tourists expected to choose the Costa del Sol in 2019
The Costa del Sol will for the first time in its history receive over 13 million visitors this year. Closing out its best winter yet, the expected increase of 4.1% to the year before paints a rosy picture for the coming high season, according to recent estimates by the president of the Tourism Board, Francisco Salado.A record-breaking 7,327,200 travelers are expected to choose the Costa del Sol as their destination this summer between June ... [Read More]
Qatar Airways announce new flight connections between Malaga and Doha
Qatar Airways have announced brand new flight links between Malaga and Doha, linking the Costa del Sol to the capital of Qatar for the first time. Beginning operations on June 4th, 2018, the airline will link both cities four times a week with a Boeing 787 Dreamliner with a capacity of up to 280 passengers.Presented at the International Tourism Exchange in Berlin, Qatar Airways announced an expansion plan with 16 new destinations for ... [Read More]
Spain de-thrones USA as second-most visited country in the world 2017
Spain was the second-most visited tourist destination in the world in 2017. With a record of 82 million visitors last year, double the resident population, Spain has dethroned the USA as the second-most popular destination, behind only France which continues in first place.In an announcement this week, Prime Minister Mariano Rajoy said that while 2016 saw record-breaking visitor figures, 2017 surpassed expectations with a 9% rise in ... [Read More]
