A new report shows that 6 out of 10 Brits want to retire abroad
For many of us that have made the move from the UK, this will come as no surprise but a new survey by Aon has found that 60% of Britons would like to escape the UK in their retirement years. >> read more
Ryan Air announces major new hub based at Málaga Airport
The low cost airline, Ryan Air have announced plans to create a major hub for new and existing routes from the enlarged Málaga airport. >> read more
Torcal Estates now offers “Safe Purchase guarantee” on all sales!
Torcal Estates is proud to announce the availability of this new insurance product on all properties available on the Torcal Estates website. >> read more
New changes to the law to affect all home owners
From the 7th May 2010 the law has changed in relation to the registration of properties onto the Property Register. >> read more
The market shows continued signs of improvement
Ok, so the market is improving. Don’t jump up and down saying “well he would say that wouldn’t he!” because the reality is that we, at Torcal Estates have always offered a very balanced approach to the property market – good and bad! >> read more
Malaga airport new terminal opens this month
The long awaited opening of Terminal 3 at Málaga airport is now confirmed for the 15th March and there is much excitement surrounding the opening ceremony.
Kind Juan Carlos is presiding over the opening and it is expected to create headlines across the whole of Spain. >> read more
Work starts again on the AP46
Construction of the new toll road due to alleviate much of the traffic congestion around Málaga and the new ring roads has re-started.
After lengthy negotiations between the local government and the company responsible for the project work has recommenced with a targeted finish date later in 2010. >> read more
Predictions for 2010
Well, where to start!
It is not easy to remain positive in this type of property market because there is so much negativity surrounding property here in Spain. Prices have continued to fall, newspapers are full of headlines about corruption, illegal homes and demolitions and the poor value of the pound has reduced the number of Brits considering buying in Spain. >> read more
News – 2009
More than 70% of estate agents have bitten the dust in Spain
According to the website Spanish Property Insight (www.spanishpropertyinsight.com) a recent report into the demise of estate agents in Spain by La Vanguardia (a Spanish daily newspaper) has resulted in the closure of 70% of estate agents across the country.
Of 80,000 registered agents in Spain in 2006 now just 25,000 survive.
>> read more
AVE reduces its prices | Aer Lingus launches new routes to Malaga | Corruption scandal in Alcaucin
Everyone is affected by the recession and the AVE services from Malaga to Madrid and Barcelona are no exception.......
Talking of cheaper travel – well Aer Lingus have announced new services from their base at Gatwick.......
Amongst the seven new routes is a regular 7 day service to Malaga which has been introduced to compete squarely with the existing Easy Jet services between London and the Costa del Sol......
>> read more
Carnival | AVE Route | Unemployment
The month of February is normally such a drab month (apart from Valentine’s Day) across the world however, there is one thing that is guaranteed to put a smile on the face of people – Carnival!.....
The journey time from Malaga to Madrid has been shortened considerably over the last year with the introduction of the AVE services between Malaga and the capital......
The economic news doesn’t get any better does it? Recent official figures have been released showing that unemployment has risen and looks set to continue......
>> read more
Predictions for 2009
We have decided to forgo our usual snippets of news and take a long look at the property market in this part of Spain in the coming 12 months.
What is interesting, before we start making our predictions for 2009, is to take a quick look back at the predictions that we made at Torcal Estates for 2008.
>> read more
News – 2008
Christmas comes early!
Well, it is that time of year – Christmas comes but once a year and for some it seems to have come early.
The property market always tends to slow down in the lead-up to Christmas and this year it has started early (some agents started in the summer!).
>> read more
The bad news headlines keep coming!
Yes, we are seeing more and more headlines confirming the changing property market around the world.
Sadly, many of these headlines simply do not delve deeply enough into the real story that is the property market – whilst headlines generalise about countries, the truth is that there are huge differences in the property market in Spain just as it is impossible to compare Brighton with Birmingham.
>> read more
We speak your language…we also speak theirs!
Learning the lingo is an essential way to improve your experiences in Spain – we have all been in situations where communication breaks down and this can lead to some serious situations.
It doesn’t really matter if you miss the odd word when speaking to your neighbour about the weather but it is vital that you understand issues when talking to your doctor or lawyer!
>> read more
Torcal Estates now listed on the Spanish Property Insight website
Sadly, not everyone’s experience of buying a property in Spain is as enjoyable as they had expected.
Many people have suffered at the hands of disreputable estate agents, developers and lawyers. The SPI website www.spanishpropertyinsight.com run by Mark Stucklin, provides a breath of fresh air for buyers and a place for people who have had bad experiences to offer advice to fellow buyers.
>> read more
Holidays, ferias, fiestas and much more…
August in Spain tends to be the holiday month – some businesses close for the whole month, many people will take 2 or 3 weeks off and head to the beach and some will simply take time off to enjoy their local feria. >> read more
Fees, commissions and fat cats.
Hands up who wants to pay a fee to an estate agent? No, I guessed as much. The property market in Spain is in the doldrums, buyers have disappeared and those that are still looking want a bargain.
>> read more
The Catastro and its importance to anyone who owns a property in Spain.
There is no doubt that the Catastro is important to all of us who own a property in Spain however, it is also a fairly boring subject which means that we may all switch off before we really understand the relevance of it to us. >> read more
Well, there is probably only one main topic of conversation on the lips of anyone selling their home, renting their property or who is acting as an estate agent or rental agent in Andalucia at the moment – decreto 218! >> read more
Ryanair launches new routes to Málaga!
The low budget Irish airline has announced a number of new routes from the UK to Málaga. In April, new services will be available from East Midlands (Nottingham), Liverpool and Bournemouth and in May they... >> read more
Spain gets a new tourist boost!
Expectations for Spain’s tourist industry during 2008 are high. Exceltur, the holiday industry group have confirmed that tourist numbers rose during 2007 from 58.5million to 59.7million and are expected to reach 60.7million... >> read more
The “new road” gets a name and is due to start in April!
At long last, the new motorway connecting Las Pedrizas and Puerte de la Torre has been given a name and according to the Sur newspaper will be started in April of this year.
The AP 46 should significantly improve the... >> read more
Predictions for 2008
Well the first thing to stress about any predictions is that we can only base our thoughts on experience and on the facts that we see on a daily basis. We, at Torcal Estates, have a wealth of property experience, not just in Spain... >> read more
News – 2007
A Review of 2007
For many people the year has been a difficult one with a change in the market place that has meant a completely new approach to property in Spain. For the first time in 10 years, the Spanish property market has shown signs... >> read more
Environmental concerns bring buyers closer to home
With the increased awareness of environmental issues and the likelihood that governments will impose new taxes on our individual carbon footprints, there is an increase in interest from buyers seeking a foreign property closer to home.... >> read more
The end of Buy to let in the UK could be the start of Buy to let abroad
The recent changes to Capital Gains Tax in the UK as outlined in the pre-budget statement may well bring an end to the 10 year binge on Buy to let in the UK. Changes coming in to force in April 2008 will allow investors to dispose of their buy to let properties... >> read more
The pain in Spain is mainly on the coast
More headlines about the Spanish property market are hitting the press, both in the UK and here in Spain. Many of them are worrying when you see them at first glance. 4,000 estate agents to close”, “construction.... >> read more
Not all bad news!
Whilst some newspapers are always going to target the negative headlines as seen above, there are more and more articles showing that the right way to view any property market is with a balanced approach... >> read more
New Airport for Antequera!
The long discussed airport north of Antequera has been given the green light. The purpose of the new airport is to take away some of the cargo traffic that currently uses the main airport at Málaga and is also supposed to receive... >> read more
The Global Credit Crunch – what will happen in Spain?
The pressure on financial companies is growing, the ability to borrow is in doubt, the general level of debt is increasing and the ability to pay is falling. That, in brief, will give you some idea of what the credit crunch is all about.... >> read more
What, no news?
The month of August is generally regarded as the most important month in the whole of the Spanish party calendar. Most villages hold their annual “feria” during August and partly due to this and the heat, many villages shut up shop and have fun.... >> read more
The political landscape changes and how that can affect us all!
It is not just the UK that is experiencing a change in the political landscape with the “enthroning” of the new Prime Minister, Gordon Brown. Across the whole of Spain, local elections took place at the end of May and many new local governments... >> read more
Tax deadline is on the horizon
For those people who own a property abroad, a recent article in the OPP Magazine makes for a nervous few months. Whether you own a property in Spain, have a bank account or any substantial assets in a foreign country, time is running... >> read more
Spain still top of the pops for British buyers
A recent survey by OPIC has revealed that Spain is still the most popular destination for British buyers who intend to buy a home abroad. OPIC offers a service in which they take your requirements for a property abroad whilst you are waiting for your plane to depart... >> read more
The doom and gloom is lifting!
Since the sensationalist headlines hit much of the British press in May, the realism of the situation seems to be settling everyone’s nerves. The facts are that Spain remains an extremely popular destination for homeowners, tourists and investors... >> read more
The Spanish property market in free-fall? Yes or no?
Well, there really is only one question on people’s lips that have any interest in the Spanish property market at the moment, so here at Torcal Estates, we thought we would let you know what we think of the current situation... >> read more
Massive Málaga Investment Programme
Each year the Junta de Andalucia provides each of its regional governments with a certain amount of money allocated to the enhancement of transport and infrastructure improvements. The Málaga government has targeted 2007 as the year in which it will... >> read more
Economic Stability in Spain
With Europe wide concerns over the cost of the new accession states joining the, ever larger, EU it is rather surprising to see some unlikely stars in the healthy category of economic stability. Spain has always been considered a poor relation to the... >> read more
Return of the Rental
As talk of the Town Hall corruption continues, one sector of the Spanish property market in Marbella continues to flourish – the Buy to Let market. Many cash rich individuals have seen the benefits of Buy to Let in the UK and are now transferring their experience and...
>> read more
Why Spain is still an ideal destination for British buyers…
Mark Stucklin, the independent journalist who writes for the Sunday Times has recently published an interesting article (Sunday Times 21st Jan) supporting the view of Brits hoping to head for the sun. Whilst many journalists have been concentrating on the... >> read more
Announcement of the new website arrival
Torcal Estates are delighted to announce the arrival of the new website serving all buyers and sellers. www.torcalestates.com has been some months in the making but, it is hoped, will prove an immediate hit with all current and future clients... >> read more
“First time buyers would invest abroad”
According to the Moneycorp, 59% of all first time buyers would buy their first property abroad if they were priced out of the UK housing market. The survey of more than 2,000 adults, undertaken by 72Point, found that Spain is the number 1 choice, closely... >> read more
The new suntrap?
SPAIN is finally going to make use of the one natural resource that has inspired generations of Britons to buy homes on the Costas — the sun. From October, a new building regulation will force all owners of new homes to fit solar panels. So using the sun’s rays, which... >> read more
Spain still Top of the Pops for relocating Brits.
A recent report published by the Institute for Public Policy Research (IPPR) has estimated that a massive 3.3million British pensioners could be moving to Spain in the next 40 years. The attraction of an established property market, excellent healthcare and better... >> read more
The Spanish Property Market in 2007
Just what is happening?
Well, the first thing that most of us have noticed during 2006 is that there are fewer buyers looking for properties and therefore fewer sales are being made. This is having a direct affect on prices and the speed at which any sales are being achieved. Many properties...
>> read more