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market is also comes as Spain’s mortgage in 2025, with 243,257despite Ithitting record numbers year the first half of the is far from peaking home loans signed in 2011. record housing marketd levels the highest figure sincemortgage operations that is showing no signs Spain’s SPAIN’S housing market “There is a volume of she continued. She also reaching unprecedente analysts predicting pricexperience. of cooling down, with seen before’ by the end prices I haven’t seen for years,” bubble similar over 27 years of banking considering buying prop- ruled out any imminent housing es will reach ‘levels never granted She added that anyone for further price hikes. crash, when banks recklessly By Walter Finch of this year. as official figures reveal erty here should brace already being at record to the 2008 to people who couldn’t afford them. The prediction comes 12.7% in the And despite the market is no escape route from mortgages still no signs of a bubble, but there is prices soared by a record-breaking “There are concluded. expert Montse Cespedosa. levels, she warned there supply and excess de- evidence of market overheating,” she second quarter of 2025. increase since records to investment 2025, both sales volumes chronic shortage of “In the last quarter of seen before in the sector. This is the highest annual Spain’s national statistics and prices will reach levels never who boasts mand plaguing the began, according to the financier, Spain’s history,” said office (INE). set to ease up, -according And the rises are not
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Jávea · Moraira-Benitachell
Mystery death
A MISSING expat whose body was found on the Costa del Sol at the weekend had recently landed a giant lump sum from a property sale. The Olive Press can reveal that Andrew Wade, 65, had finally secured over €400,000 after winning a long legal battle with a dodgy British equity release company. The expat, who went missing in Marbella a month ago, was found on wasteground, in Estepona, after an exhaustive search on Saturday by locals, police and firemen. Wade, who Olive Press sources reveal had ‘a long-time cocaine habit’, had been planning to go back to live in the UK. The former British Airways steward had landed the huge payout after he had sold his family’s property in Benahavis this summer. “The money had finally gone through after a decade of legal wrangling over
Possible ‘foul play’ after body of Brit Andrew Wade found after scooping half a million euros on a villa sale EXCLUSIVE By Jon Clarke
a €1 million equity release charge,” revealed lawyer Antonio Flores, at Lawbird, who represents his family. “He was delighted and there was certainly no reason to kill himself and you don’t normally overdose on drugs in the countryside,” he added. Wade - who had been living in Malaga since around 2012 - had been reported missing to police after vanishing from his home on August 15. He had been driving his black VW golf which was later found with his mobile and passport, while he had
Cash landing ALICANTE and Valencia airports are to get a €1.5 BILLION boost. Prime Minister Pedro Sanchez announced the cash bonanza on a visit to Alicante Airport, promising bigger runways, new terminals and greener tech between 2027 and 2031. It is part of a €13 billion masterplan for all of Spain’s airports. The bulk of the spend – almost €10bn – will go straight into expanding airports, with another €1.5bn earmarked for sustainability projects. The biggest winners are Barcelona-El Prat and Madrid-Barajas, which will scoop nearly half the pot. Barcelona is set to get €3.2bn, including a new satellite terminal and a 600-metre runway extension to handle more long-haul flights. Madrid will pocket €2.4bn to boost capacity to a whopping 90 million passengers a year, with a huge €1.7bn makeover of its flagship T4 terminal.
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left his two ‘beloved’ cats at home. After an online appeal through media, including the Olive Press, police started to investigate. But the investigation floundered until they suddenly announced a big search team would scour a wooded area near El Paraiso at the weekend. It wasn’t long before the large team, using drones and sniffer dogs, found his decomposing body in deep undergrowth. Police have so far given out few details but were quick to quash wild social media rumours the body had been ‘dismembered’. “It is all certainly very strange and out of character,” continued Flores, who represented his parents in the equity release miss-selling case from 2013. “I’ve spoken to his sister who says she is devastated and it just doesn’t make sense,” added the Marbella-based lawyer. “The police are telling her very little and she is baffled as to why it happened. “I guess one of the main questions is: is that money still in his bank account?” The Olive Press has established that Wade, who was openly gay, moved to Spain to live near his parents who had retired here after buying the stunning €1 million villa in 2005. He moved into the sumptuous four bedroom property with impressive grounds and swimming pool in Benahavis after his mother died a couple of years ago. They had been plagued by a de-
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WINDFALL: Andrew had recently sold his family home cade-long legal battle - which they search. finally won in 2023 - after being mis- “We had been investigating all avesold in an equity release scam which nues since the missing man Andrew JW went missing in August. And the left them in negative equity. Police are still refusing to officially detailed search at the weekend proved name his identity, nor that it is a mur- positive.” If you have any information, der enquiry. “We are still awaiting an autopsy result please contact newsdesk@theoand can’t tell you anything else,” said livepress.es a spokesman for the Policia Nacional in Malaga this week. “A body was found YOUR REAL ESTATE AGENCY FOR BENISSA, CALPE, MORAIRA on Saturday after an ex966 112 428 · areacostablanca.com haustive
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