This August, Malaga airport registered the highest number of passengers in its 100 years of existence. According to figures released by Aena, over 2,2 million passengers passed through the coastal airport at the height of summer. The figure is 4.4% higher than the same month last year and represents a cumulative increase of 5.6% in the first 8 months of the year, with a total of 13,6 million travellers in 2019 so far - exceeding predictions ... [Read More]
Euribor mortgage interest rates hit new record low
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]
Cristiano Ronaldo purchases a £1.3m holiday villa in Marbella
Juventus Striker, Cristiano Ronaldo has acquired a four-bedroom Marbella home valued at £1.3m.Expanding the athlete's property empire to a total value of £27m, Ronaldo will count UFC star Conor McGregor, danish goalkeeper Thomas Sorensen and ex-Irish football star Steven Carr among his neighbours.Situated in the exclusive new £15m development called 'The Heights', the gated community is located by the La Resina Golf Course and is ... [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]
Amazon kick starts its logistic operations plant in Los Prados
The center, which operates with two local delivery companies, is expected to create thirty new jobs.The retail giant 'Amazon' has already started operating their in-house logistics center which was constructed in pre-fabricated modules in a parcel of land that belongs to Adif, the Administrator of Railway Infrastructures located in Los Prados. The 3,000 square meter facility officially launched its activities this month and it operates ... [Read More]
