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GOING ALFRESCO
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pr ai op n’ in erty s be En m st glis ag h
roperty
HISTORIC HOUSES
The pleasure of outdoor kitchens - see page 22
JUNE 2024
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comes with its in Pontevedra this 14th GALICIA: Palace is park, while (below) own inner-cityhas vineyards. See How green century farm 18 my valley, page
ANCIENT
We take a look & MODERN at Galicia’s most SE FALL AND RI A memorable buildings
of the architecture puts a focus on and The Olive Press from Medieval farmhouses northern Spain, to the latest industrial designs ancient palaces
plant in Palencia THERMAL: Power as a ‘cathedral has been described page 32 of energy.’ See
Beef with Beefa
Why the party island is not all it’s cracked up to be
Page 6
OLIVE PRESS
LEADING Spanish bank has completely changed its predicprices tion for house this year. last year preBankinter had in house prices dicted a 2% fall across the country.Madrid-based But now the a massive bank has made prices RISU-turn and foresees ING by 3%. ruled that pricA recent report this year es will rise throughout with estimated ‘at least in line although inflation in Spain', out a possible it does not rule slowdown.
and Bilbao, Barcelona, Valencia Mediterranean
uncertainty, is a result of legalLaw and the the poor Housing alternatives increase in other such as tourist rentals.be further House prices could rate cuts increased by interest the 12-month which will reduce Euribor rate. that the
as well as the Bankinter estimateswill end in Euribor sharp rise in prices coast. and the 12-month 3.25%, falling again bank expect a for 2024 The Canary Islands a se- 2024 at which will Islands also have Giant U-turn sees in 2025 to 2.75%, fall in properties. Bank Balearic it predicted a drop rious shortage ofthe rise in rent- translate into a moderate the European Central when last year repayments. 2025 will by Added to this is of rental mortgage bank fore(ECB). America, says that of upwards trend Bankinter estimates a shortage al costs due to a lack fallen by continue to see an around 2%. 50,000 properties housing which has By Alex Trelinski with price rises ofthe big change of more than to an annual 15% in the last 12 months. from Its reasons for of the labour per year, compared to figures homes. went up 4.2%, demand of 150,000 in Accordingportal idealista, this In 2023, prices projection that are the strength property shortage of supply, The deficit is concentrated compared to the by only 1.2%. market, the in rental prices cities such as Madrid, they would grow venture be- the sharp rise interest rate cut the main Bankinter, a jointand the Bank and a recent tween Santander
the Regarding sales, 5% in 2024, casts a drop of previous esticompared to the mate of 7%.
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Vol. 18 Issue 447 www.theolivepress.es June 26th - July 9th 2024
MODERN MARVEL
Discover the power plant that is redefining energy production
ROCK ’N’ ROLL MYSTERY
Dipping in
We sent our journo to sample a bullfight
Page 10
Luxury on track
We test out Spain’s answer to the Orient Express
Page 40
AN eccentric expat millionaire is offering a €100,000 reward to anyone who can help him recover a legendary guitar that vanished during an acrimonious divorce. The 1966 Fender Precision Bass became part of the annals of rock’n’roll fame when the frontman of 70s glamrock band, T-Rex, acquired it for their band. Singer Marc Bolan bought it for bassist Steve Currie from the famous Denmark Street guitar shop in London, in 1969. It went on to blast out some of the most iconic riffs of the era, from Ride a White Swan and Children of the
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FENDER: T. Rex bassist Steve Curry playing the missing guitar back in 1974
An expat millionaire has put up a giant €100,000 reward to help him find his missing guitar once played by T-Rex legend Marc Bolan
EXCLUSIVE By Walter Finch
Revolution all the way up to I Love sured possession, he told the Olive to Boogie - one year before Bolan’s Press, aside from his red 1965 Ford untimely death in a car crash in 1977. Thunderbird that once belonged to He was just two weeks shy of his 30th rock icon Prince. “It’s the most incredible instrument birthday. Now the iconic slab of rock-star mem- with so much history,” explained Jerorabilia, valued at up to €250,000, emy, who also owns a Bentley and an finds itself at the heart of a whis- Aston Martin. “I’m desperate to get it tlestop marriage that ended almost as back.” He also claimed it’s not the only item soon as it began. Its last known location is thought to taken by his ex-wife, with a €15,000 be a storage warehouse on the Costa Rolex and a diamond ring valued at €3,500 still missing. del Sol. efforts to recover the The guitar disappeared from the se- H i s guitar have been hamcret storeroom of music industry pered by the fact that impresario Jeremy Hartnell, 61, who police and even his made his fortune running scrap yards own insurance comin the 1980s. pany consider it a He claims his estranged - and much ‘domestic issue’. younger - wife removed the tracking Meanwhile, his fordevice he had planted on it and took mer Canadian bride it from his Estepona villa in 2021. wrote to The only clue to its whereabouts is a bank statement that shows a payment to a storage warehouse in nearby Marbella on April 27, 2021. The rare guitar - of h i m which only 25 were insisting ‘a wife made - came into his cannot steal possession in 2008 from her huswhen he managed band’. to buy it from the However, she told HEARTBROKEN: late T-Rex percusa divorce court in Hartnell is desperate to sionist Mickey Finn. the Cayman Isget his guitar back It was his most trea-
lands this month that she ‘did not have the guitar’, leaving its current whereabouts a mystery. Jeremy was 52-yearsold when he first laid eyes on the then 31-year-old in England in 2016. “The first day I met her I went straight to the jeweller and got an en-
gagement ring,” he told the Olive Press. “I mean, she was a cool girl. I thought she was very beautiful - especially in comparison to me. “I met her on a website called Millionaire Match - although she’s gonna tell you she met me on a site called ‘Vegan Dating’.” The couple got married in the Caymans the same year and afterwards jetted across the Atlantic to move into Continues on Page 4
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