June 2023

Rising interest rates cause big fall in new mortgages for house buyers in Spain

NEW HOME mortgages granted in April fell by 18.3% compared to a year earlier according to figures from the National Institute of Statistics published on Thursday. 27,053 loans were approved that month- the lowest figure since the height of the Covid pandemic in December 2020. The fall is greater than the 15.7% drop recorded in

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First heatwave of the summer coming to Spain with temperatures soaring to 42 degrees

SPAIN’S State Meteorological Agency(Aemet) has warned about the first heatwave of the summer arriving this weekend which could last until the middle of next week. The arrival of a mass of warm air from North Africa will affect large parts of Spain, especially in the south-west and centre. For several days, 35 degrees will be

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EU could block merger in Spain between mobile phone giants Orange and MasMovil

PLANS for a €18.6 billion merger between two of Spain’s biggest telecoms companies Orange and MasMovil are under threat from the European Commission(EC). The news comes as the Olive Press reported on Wednesday that Vodafone are reportedly considering pulling out of Spain due to falling income and tough competition. The EC want Orange and MasMovil

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BOOKWORMS UNITE: Gibraltar’s book crossing invites readers from up the Costa to exchange novels

AVID readers from Gibraltar and all the way up the Costa del Sol will be able to exchange their books at a Book Crossing event in Main Street. Gibraltar Cultural Services (GCS) will set up a stall outside the historic St Mary’s Cathedral this coming Saturday, June 24. Locals and visitors will be able to

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Port authority could give green light to finally remove Gibraltar’s shipwreck as early as next week

WRECK removers are waiting for ‘an uninterrupted five-day period of certain weather’ to bring the OS 35 out of the water after refloating the stern of the ship. Contractors Koole Ltd have been working for the last two weeks to pump out all of the water from the ship salvage crews deliberately sunk last September.

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LISTED: Andalucia kicks-off the summer with all-time record for number of blue flags

THE official ceremony for the presentation of the prestigious Blue Flags in Andalucia was held yesterday, Wednesday June 21, in Islantilla, a hidden gem on the Andalucian coast. The iconic ‘Blue Flag’ is a highly regarded international eco-label awarded to beaches and marinas that meet specific criteria related to environmental management, water quality, safety, and

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Daylight gunpoint bank robbery in Spain’s Fuengirola

DAYLIGHT bank robbery in the tourist hot spot of Fuengirola has shocked local residents. The incident took place at around 8am yesterday morning, June 21, when several witnesses alerted the 112 Andalucia emergency service of an alleged robbery at a Sabadell bank branch in Fuengirola. According to police sources, two individuals allegedly broke into the

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