Home Blog

Blog


THE arrival of September may have brought slightly cooler temperatures to southern Spain, but the baking heat has now returned in earnest.

Heat in Spain-1

A high of 33°C was recorded in Malaga City on Sunday, September 4, while inland temperatures reached a scorching 36°C.

Even more heat is expected on Monday, with a yellow alert having been issued for Malaga province between 2pm and 8pm.

The comarcas of Ronda and Antequera are set to swelter as temperatures reach 38°C, and the oven-like conditions will spread to the Costa del Sol, Valle del Guadalhorce and Axarquia, where highs of 37°C are forecast.

In fact, more than half of Spain will be on alert as the week begins, with fifteen provinces handed an orange warning.

These include Almeria, Valencia, Alicante, Murcia, Sevilla, Granada, Huelva, Jaen, Cadiz, Cordoba, Albacete, Toledo, Tarragona and Extremadura.

Tuesday is also expected to be extremely warm, and readers are advised to stay out of the direct sun during the middle of the day while drinking plenty of fluids.

Olympic golf and Solheim Cup star Azahara Muñoz has confirmed her participation in her home tournament, the Andalucía Costa del Sol Open de España Femenino, which will take place on her own doorstep at Aloha Golf (Málaga) from 22-25 September.

The Malaga golfer, currently ranked 48 in the World Ranking, will spearhead the Spanish challenge in the race to become the first home winner of the prestigious championship as part of the field of 126 international players who will showcase their impressive skills and talents magnificent Costa del Sol – also known as the Costa del Golf.

Muñoz built an impressive CV during her amateur days, winning the Spanish Championships in every category as well as the British Girls, British Ladies Amateur and Final of the NCAA Championships and collected gold medals with the Spanish team in the European Championships in various categories and the Mediterranean Games.

She made a spectacular professional debut in June 2009 when she won the Madrid Ladies Masters on the Ladies European Tour. Her career has gone from strength to strength with two victories as part of The European Solheim Cup team in 2011 and 2013 as well as two individual LET titles at the 2013 and 2014 Lacoste Ladies Open de France.

On the LPGA, she won a further individual victory in the 2012 Sybase Match play Championship and the 2014 International Crown as part of the Spanish team. After recovering from hand surgery, her 2016 season so far has included three top 10 finishes with T6th at the LPGA Volvik Championship, 8th at the Meijer LPGA Classic for Simply Give and T9th at the Marathon Classic presented by Owens Corning and O-I, as well as a tie for 21st in the recent Olympic golf competition in Rio.

Aloha Golf Club is hosting a female Spanish Open for the first time but this will be the third Open de España Femenino played on the Costa del Sol after the 2010 championship at Flamingos, won by Laura Davies and the 2011 event at La Quinta, won by Melissa Reid. The most recent edition of the event, in 2014, was played at Golf Costa Adeje in Tenerife and won by Connie Chen. As well as Davies (who also won in 1986 at La Manga), Reid and Chen, former winners in the field include Stacey Keating (Golf Las Americas in 2012) and Becky Brewerton (Panoramica in 2009).

You can tell that the property sector is in recovery as there are so many more estate agents around than there were a few years ago.

A1_Panorama_Mar_exterior-ACTUALIZADA

And it seems that many are selling quite a lot of properties too.

This is particularly the case for the province of Alicante, as figures released by the School of Property Registrars have revealed that between April and June this year, a total of 7,901 homes were purchased, which is an increase of 20.7% from the same period last year.

Already last year, in 2015, property purchases from the previous year had gone up by 10%.

And the data shows that these are the best figures for property sales that we have seen since the summer of 2008, when the second quarter closed with 8,052 operations.

These numbers are still a long way off what we were used to seeing during the time of the property bubble, which saw these figures doubled. However, it is definitely true to say that no one really wants to return to that level of activity if the end result is the same.

In any case, with a total of 7,901 property transactions during the second quarter of 2016, this means that Alicante is the third province in the whole of Spain with the greatest volume of operations.

Alicante sits behind Madrid, with 15,540 purchases, and Barcelona, with 12,191.

Although if we look at the number of houses sold for every 1,000 inhabitants in the province, Alicante actually moves up to second position, just behind Malaga.

While this is very positive news for the province, it must be noted that the majority of these property purchases are concentrated in the coastal areas, and consist of foreign investors buying a holiday home. This type of purchase makes up50% of all the sales.

With regards to the purchase of main residences, the market is slightly weaker, although experts believe that this will pick up some time next year. The situation is being helped by very affordable prices and the low rate of the Euribor.

Re-sale properties were the most popular when it comes to the type of property investors have purchased. A total of 85% of all sales consisted of re-sale properties.

As a whole, 107,838 homes were purchased during the second quarter of this year throughout the whole of Spain. This is 23.7% higher than for the same period in 2015.

Source: www.diarioinformacion.com

ALWAYS looking for ways to attract visitors, the Plaza Mayor shopping centre in Malaga has launched, as part of its Summer Festival, a talent show it has christened ‘Big Talent.’

69351c72f2a1fa38e1ff466446d60578_L

A number of acts applied earlier in the year to take part in this special competition and a final 20 were selected to compete against each other. There will be singers, dancers, acrobats and magicians all hoping to become the winner of the event and receive the cash prize of €3,000 although all of the others will receive €200 for making the last 20.

Judges will be Jorge Safer a well-established professional dancer, Juanjo Martin a composer and member of Butterfly Effect, and Cristina Balsera, director of the ‘Malaga Yo Canto’ school as well as being a coach and singer in her own right.

The opening rounds will see all 20 hopefuls performing on August 25 and 26 with 10 finalists presenting their acts again on August 27 before the winner is announced.

Very aware that there will be a number of visitors to the shopping centre with hearing difficulties, the organisers have arranged for an interpreter who will attend and use sign language to narrate the event.

Residential property sales in Spain increased by almost 20% in the first half of this year suggesting that the real estate market recovery is well underway.

3

The latest figures from the General Council of Notaires shows that transactions were up by 19.6% in the first six months of 2016 to a total of 225,551 sales, and prices increased by 6.1% year on year.

The data reveals that new home sales are not boosting the recovery and indeed falling. Sales of non-new homes increased by 19.29% year on year, accounting for 68.1% of all the homes sold but new homes sales fell 13.6%.

This upward trend continued in June, when home sales grew by 7.1%, year on year, again driven by the transactions on second hand homes, which increased by 11.5% reaching a total of 29,052 units, while transactions on new housing registered a decline of 33.4%, with a total of just 2,751 sales.

The price of an average home increased by 6.1% to €1,418 per square metre. But new homes cost more and this could explain why sales are falling. The average price of a new build was €1,886, some 12.7% more than second hand homes.

The data also shows that in June some 44.7% of home sales were financed through a mortgage with the average capital loaned €128,480, a slight increase, of 0.4%, over last year.

The cost of renting a home in Spain is also increasing, up by 2.4% in the second quarter of 2016 taking the average to €7.41 per square meter per month, according to figures from property portal Fotocasa.

It means that after eight years of falling, residential rents have now been increasing since 2015. Beatriz Toribo, Fotocasa head of research, a growth in demand is boosting rental values which are now up by 4.8% year on year.

A breakdown of the figures show that rents increased in 15 regions in the second quarter of the year compared to the previous quarter and in 16 regions year on year. The highest annual increase to data was recorded in May this year when rental prices increased by 5%.

But the recovery still has some way to go as average rents are now 26.8% lower than they were at the peak of the market in May 2007 when they were €10.12 per square meter per month on average.

But in three regions prices are down even more. Monthly rents are some 39.6% lower than peak in Aragon, 35.2% lower in Castilla La man cha and 33.7% down in Cantabria.

The most expensive rents are in Madrid at €10.36 per square meter per month, followed by Catalonia at €10.24 and then the Basque Country at €10.16. The most affordable rental prices are in Extremadura at €4.56 and Castilla La Mancha at €4.69.

logo