PGM Property World Spain Blog

There is no denying that the Spanish property market, like many others around the world, has been hit hard by the current recession, but if the figures just released are anything to go by, it looks as though things may be turning the corner.

Last Friday saw the Spanish government report the first increase in house sales in three years.  In the final quarter of 2009, property sales rose by 4.1% against the same period of last year, making it the first year-on-year rise since 2006.   With a total of 130,572 properties finding their way off the market between October and December, this represented a 21.4% increase on the period between July to September.

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Whether for a better way of life or to escape the lousy British weather, the interest of Brits in buying property on the Costa del Sol certainly doesn’t seem to be diminishing if figures for the early part of 2010 are anything to go by.  With Spain’s unemployment rate running at around 19%, however, those who want to make the leap but also have a way to go before they hit retirement age are finding themselves facing a deal of frustration.  In today’s technological age though, work in the traditional sense needn’t be a barrier!

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No matter where in the world we are thinking of buying a property, it is always a big decision and often a big investment.  Even when buying in our own country where we understand the laws and the language we take sensible precautions to ensure that things progress as they should, and buying abroad requires just as much care, if not more.

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In common with many other Mediterranean countries, Easter is the main celebration of the year in Spain.  Whilst Christmas pales into insignificance compared to the four-month long frenzy of commercialism in the UK, it is during the Semana Santa, or Easter Week, that the devout Spanish citizens take to the churches and the streets to celebrate the miracle of life itself.  For those living in or visiting the Costa del Sol, not only is it a wonderful time of the year to learn about the religious traditions of the region, but also a great opportunity to join in with the local celebrations and bond with the local people.

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After years of dragging yourself into work five days a week, the prospect of retiring to the Costa del Sol is undeniably an exciting one.  Especially if you are considering moving to Spain immediately after retirement, however, there are a couple of particularly important things to bear in mind when choosing your location.

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March 15th is the date set for the grand opening of the new Terminal 3 at Malaga Airport(AGP) and no less than King Juan Carlos himself is to be the guest of honour.  Four years in the construction, the new 250,000 square metre terminal will allow the airport to double its current capacity to 9,000 passengers per hour, and will house 86 check-in desks and 20 boarding gates, as well as a variety of shops, bars and restaurants.  In addition, plans are already in place for a second runway to be built in 2011.

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It’s been a long time since there’s been a train line in this region, in fact not many people know that once upon a time there was one, but that one carried iron and was a long time ago.  Now with the upcoming train line being installed, some might reflect that with the growth and changes that have affected the coast in so many areas over the years and the modernisations that have taken place, a rail line might be a long time overdue.

Indeed few remember that it wasn’t that long ago that San Pedro and Puerto Banus were fishing villages and harbours.  The coast has changed significantly and rapidly over the years as the population has grown with both the Spanish and a large amount of expats coming to enjoy the various benefits of the Coast and with the large amount of businesses that have grown organically as a result of this and as those born in the region grew up.

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We know that it can sometimes be a daunting prospect when buying property in a foreign country especially when there seems to be so much conflicting information flying around the web on the buying process.

Due to this, we will be populating the site on a regular basis and adding to the content that we already have, more information on living in Spain and other important aspects such as obtaining your NIE number and information on the Spanish Social Security System for both employed and self employed workers.

So please return frequently as it is our aim to not only present you with a wide range of properties for sale, but also to provide you with all the information you need to make your purchase or even your life in Spain that little bit easier.

Just to let you all know that we have added a couple of new articles to the site which are Finding Work In Spain and also an article on Starting a business in Spain.

Hopefully these will be of interest and of use to those who are looking to move here and need to work.

We have now added two new guides which are schooling in spain and our guide to the cost of living in Spain.

If you are buying a property on the Costa del Sol or any other region of Spain and have children, schooling is probably something you need to consider seriously. It’s a big step moving to a new country but evening bigger when you have to take the childrens schooling into cosideration.

Its also important that you are aware of the costs of living in Spain and how the move to Spain will affect you financially.