Category: Costa del Sol
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Iconic Marbella hotel, once a favourite with royalty and celebrities, to be restored to its former glory
The Incosol health resort at Río Real has been purchased by the Ilanga Investment fund and will reopen in the first half of 2025 after a transformation costing 150 million euros. The emblematic Incosol hotel at Golf Río Real in Marbella can look forward to recovering its former splendour, as it has just been purchased
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Foreign demand hits all-time high in third quarter
Foreign demand for property in Spain hit an all-time high in the third quarter of the year, according to the latest figures from the land registrars. The deeds of 26,728 Spanish property sales involving a foreign buyer were inscribed in the land registry in Q3, up 61% on the same period last year. Compared to
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Iconic Marbella hotel and beach club to close in November for major renovations
The new owners, who bought the establishment for 47 million euros at the beginning of the year, have announced that they will begin work as soon as they have the necessary permits. The emblematic Los Monteros hotel and its La Cabane beach club in Marbella are set to close for renovations in November, the company
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Foreign buyers purchase record number of Spanish properties in first half of 2022
The number of Spanish property sales involving a foreign buyer in the first half of 2022 hit an all-time high as foreigner investors gave Spain a big vote of confidence with their money. There were 72,987 Spanish home sales involving a foreign buyer in the first half of the year, up 53% compared to the
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SUR Wines & Gourmet celebrates its second edition
Around 89 exhibitors present their wines and gourmet products at the fair which will be to the public on the second day. Organised by SUR’s gastronomy supplement Málaga en la Mesa and backed by Sabor a Málaga and the Diputación, the second edition of SUR Wines & Gourmet takes place from 25 until 30 October,
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Costa del Sol aims to attract more tourists from USA when flights between Malaga and New York resume
Following the announcement that Malaga will recover its direct flights to New York next summer, Turismo Costa del Sol has begun to design a promotional plan in the United States to consolidate this route. United Airlines recently announced that it will connect Malaga with New York from 31 May 2023 until September with three flights
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The price of housing yields 0.8% in August
The average price of housing (new and used) in Spain fell by 0.8% in August compared to the figure for July, although it grew by 8.5% compared to the eighth month of 2021, still standing at 21.2 % below the highs at the end of 2007, according to Tinsa IMIE General and Large Markets statistics.
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Spain will host 16 of the 40 exhibitions that will celebrate Picasso in 2023
The program for the Picasso year, which will be held in 2023, is already prepared. The recently deceased José Guirao worked on it during the last months of his life and the witness has passed to Carlos Alberdi as commissioner for the celebration of the commemoration of the 50th anniversary of the death of the
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Moreno Bonilla will copy Madrid and abolish wealth tax in Andalusia
The president of the Junta, Moreno Bonilla, said the abolition will attract investment to the region, and he also announced a reduction in the rate of income tax and the cancellation of the water tax in 2023. Andalucía is about to become with region of Spain (with the exception of the Basque Country) with the
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The ‘boom’ of luxury hotels in Marbella
The five-star establishments of the Andalusian city are experiencing a spectacular tourist season. They are the most favoured since 2021. They have high occupancies, prices have risen an average of 30% compared to 2019 and the days of stay have increased. In the luxury hotels of Marbella nothing seems to go wrong, they are experiencing