Marbella and five other towns in Malaga will receive a share of just under €50 million to promote integrated sustainable urban development under the EDUSI scheme, the Sur in English newspaper reports.
In the last 4 years, 65,000 Spaniards have exercised their “right to be forgotten” by requesting personal information to be erased from Google’s search engine. In 2014, the European Court of Justice (ECJ) ruled that it is within a person’s right to ask Google and other search engines to remove content about them which is “inadequate” or “irrelevant”.
The Spanish property market has experienced significant growth with prices rising by 7.6% last year, according to registry data. However, rising prices are not accompanied by rising wages, meaning house prices are currently 7.1 times higher than the average household income, says a report by Banco de España, this could put a ceiling price on many properties across the country.
More than 4,000 unregistered buildings have been discovered across Malaga by drones, an investigation revealed. Last year the General Directorate of Cadastre launched an investigation to shed light on the number of undeclared buildings in the province.
Spain’s tourism sector has experienced unprecedented growth over the past few years and international tourism is booming. In 2017, the number of nights spent in a Spanish hotel by rose by 2.7% to 340 million. A breakdown of the figures show that overnight stays by tourists (non-Spaniards) rose by 3.73% to 225million, while occupancy rates for residents grew by 0.7% to 114.2 million.
The Spanish property market is the fourth most rewarding in the world. Spain has moved from sixth position last year to fourth position, overtaking the UK who moved down the ranking to fifth from third, in terms of countries with the best real estate opportunities for capital appreciation, according to a report by the Association of Foreign Investors in Real Estate (AFIRE).