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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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Vol. 8 Issue 215
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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.
Possible ‘foul play’ after body of Brit Andrew Wade found after scooping half a million euros on a villa sale
OLIVE PRESS
ard had landed the huge payout after he Wade, who Olive Press sources had sold his reveal had ‘a long-time cocaine family’s prophabit’, had been planning to go erty in Benahavis this sumback to live in the UK. The former British Airways stew- mer. “The money had finally gone through after a decade of legal wranWINDFALL: gling over a SUNSEEKERS on one of Mallorca’s most popular beaches are being Andrew had €1 million eqrinsed for cash, with deckchair bosses demanding up to €70 a day for recently sold uity release so-called ‘premium’ sunbeds – nearly three times the legal limit. his family home The environmental watchdog GOB has lodged an official complaint, charge,” reaccusing beach operators in Cala Major of blatantly flouting the rules vealed lawby charging tourists eye-watering prices for basic beach furniture yer Antonio that’s meant to be regulated. Flores, at Lawbird, who rep- weekend. The group says there are two sets of price signs on the sand: one in resents his family. It wasn’t long before the large blue, showing what looks like the approved rates – €6 for a sunbed “He was delighted and there was team, using drones and sniffand €7 for a parasol – and another, far glitzier version in gold, advercertainly no reason to kill himself er dogs, found his decomposing tising a shocking €70 package for a pair of sunbeds and a brolly under and you don’t normally overdose body in deep undergrowth. the label of ‘Premium’. on drugs in the countryside,” he Police have so far given out few The legal fee, according to GOB, is just €19 for that exact setup – a added. details but were quick to quash flat rate across all of Palma – making the luxury upgrade a staggering Wade who had been living in wild social media rumours the 288% hike with no official approval from the town hall or coastal auMalaga since around 2012 - had body had been ‘dismembered’. thorities. been reported missing to police “It is all certainly very strange And that’s not all. GOB claims there are around 100 of these overafter vanishing from his home on and out of character,” continpriced loungers littering the beach, and says the temporary beach bars August 15. ued Flores, who represented are too close together, breaking rules that require at least 100 metres He had been driving his black VW his parents in the equity release between them. golf which was later found with miss-selling case from 2013. In their complaint, the group is demanding answers from the General his mobile and passport, while he “I’ve spoken to his sister who Directorate of Coasts and the Sea, asking whether any action has been had left his two ‘beloved’ cats at says she is devastated and it just taken against these breaches, and calling for the operators’ licence to be revoked altogether if they’re found to have violated the conditions. home. doesn’t make sense,” added the As the sun keeps shining, so does the scandal – and beachgoers may After an online appeal through Marbella-based lawyer. want to double-check the price tag before they lay down their towel. media, including the Olive Press, “The police are telling her very police started little and she is baffled as to why it happened. to investigate. But the inves- “I guess one of the main quesTOLDOS / AWNINGS tigation floun- tions is: is that money still in his dered until bank account?” they suddenly The Olive Press has established a n n o u n c e d that Wade, who was openly gay, a big search moved to Spain to live near his Enjoy the best designs and team would parents who had retired here afprotection for your home scour a wood- ter buying the stunning €1 milwith high quality materials ed area near El lion villa in 2005. • Making Paraiso at the He moved into the sumptuous EXCLUSIVE By Jon Clarke
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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 decade-long legal battle - which they finally won in 2023 - after being mis-sold in an equity release scam which left them in negative equity. Police are still refusing to officially name his identity, nor that it is a murder enquiry. “We are still awaiting an autopsy result and can’t tell you anything else,” said a spokesman for the Policia Nacional in Malaga this week. “A body was found on Saturday after an exhaustive search. “We had been investigating all Established avenues since 1989 the missing man Andrew JW went missing in AuEMERGENCIES: gust. And the detailed search Tel: 636 308 789 at the weekend Dr. Alex Kerkoc Portillo proved positive.” Dra. Mª Magdalena Coll Abrines If you have Dra. Gema Dávila any information, please C.C. Mercadona, 1˚, 17/18 Son Caliu, contact news07181, Calvia, Mallorca esk@theoTel: 971 681 439 www.theeuropeandentalpractice.com d livepress.es
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