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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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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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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