Spain’s economy has been looking up of late, with the International Monetary Fund (IMF) adjusting its growth forecast from 0.6% to 1.2% for 2014. James Daniel, head of the IMF’s mission to Spain, explained recently, “The economy has turned the corner, recovery is on the right track and the outlook is better than it was […]
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Spanish property market rebounds as economy turns a corner and attracts international buyers
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Regata Copa del Rey
The prestigious Copa del Rey (King’s Cup) is now a major date on the international yachting calendar and competing teams include America’s Cup participants. From 2 – 9 August , a week of frantic activity will begin both on land and on the acclaimed racing area of the bay of Palma, where more than a […]
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Palma de Mallorca Airport looking to smaller markets to drive growth
The fastest-growing segment of the Palma de Mallorca market is from routes outside of the ‘big 3’ markets of Germany, Spain and UK. An example of this is the new weekly service from Riga in Latvia which launched on 1 June. At almost 2,500 kilometres it is the longest new route at the airport launched […]
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Schools out – for summer !
More than two million British holidaymakers are expected to head overseas on summer holidays this weekend as the majority of schools break up for summer. Nearly half a million (450,000) will fly out of Heathrow while 295,000 are set to go from Gatwick; 140,000 from Stansted and 79,000 from Luton. That’s in addition to 162,000 […]
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New apartments on Mallorca
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The 39 Beaches
This summer Mallorca has 39 Blue Flag beaches – eight more than in 2013. This year’s Blue Flag beaches were named in June by the awarding body, the Foundation for Environmental Education (FEE), in recognition of standards including quality of water, security, environmental conditions and beach installations. The new additions for 2014 are: Oratori, Cala […]
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Haven’t got the energy? Only 13% of housing in Spain meets new standards for energy certification
According to the Ministry of Industry, Energy and Tourism only an estimated 650,000 of all Spanish properties are in compliance with the rules of energy performance certification (CEE). The online platform specialising in energy certification, Certicalia, has reported that this figure only represents 13% of the properties that should have been certified, with the lack […]
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Joan Miró :The Thrill of Seeing
A road winds up into the hills above Palma. In the days when Joan Miró lived here, it was covered with nothing but the orange trees and the hot pink wildflowers that cover the Mallorcan countryside. Today, high-rise holiday flats and luxury villas interrupt the view out to the Mediterranean, but nestled amongst the modern […]
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First evidence that golden visa is attracting non EU buyers to Spain
US, Chinese and Russian buyers were among the most active foreign buyers in Spain in the first quarter of 2014, according to new data from the General Council of Notaries in Spain. The number of Spanish properties bought by these nationalities increased by 88.9%, 83.1% and 62.6% respectively in the first quarter compared to the […]