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News

News

Latest news and updates about living in Spain.

business

Cryptocurrency Market Surges: What Expats in Spain Need to Know

As the cryptocurrency market continues to make headlines with its unprecedented growth, expats in Spain are keen to understand the implications and future prospects of this digital asset class.

Record-Breaking Market Cap

The cryptocurrency market has recently surged to a record-breaking $3.12 trillion, a figure that is nearing France’s GDP. This milestone is largely driven by Bitcoin, which has seen its market capitalization exceed $1.77 trillion, surpassing the GDP of Spain itself. Bitcoin’s price has rallied past $89,000, marking a significant increase in its value and solidifying its dominance in the crypto sphere[2].

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environment

Devastating Floods Disrupt High-Speed Train Services Between Madrid and Malaga

In the wake of severe and relentless flooding that has gripped parts of Spain, high-speed train services between Madrid and Malaga have been suspended, leaving thousands of commuters and travelers in a state of uncertainty.

Flooding Crisis Intensifies

The recent floods, triggered by intense rainfall events known as "DANA" (Cold Drop) storms, have been the worst Spain has seen in decades. Since October 29, these storms have caused catastrophic flooding, particularly in the eastern Valencia region and the southern province of Malaga. The death toll has risen to over 220 people, with many more affected by the destruction of infrastructure, homes, and agricultural fields[2][3].

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environment

Energy-Efficient Rehabilitation Begins for 120 Renfe Homes in Cajo, Santander

In a significant step towards sustainable living and energy efficiency, the rehabilitation works for 120 homes in the Cajo neighborhood of Santander, owned by Renfe, have officially commenced. This initiative is part of a broader effort to modernize and energize the housing stock in the region, benefiting both the environment and the residents.

Project Details and Objectives

The rehabilitation project, which started in November 2024, aims to enhance the energy efficiency of these homes, built several decades ago. The renovations will include the installation of new insulation, energy-efficient windows, and advanced heating systems. These upgrades are expected to significantly reduce energy consumption and lower utility bills for the residents.

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business

Expats in Spain Alerted to Potential Misinformation in Real Estate Investments

In a recent development that could impact expats and locals alike in Spain, the Observatory of the Valuation of Buildings (Observatorio de la Valoración de Bienes, OVB) has issued a warning about potential misinformation in the real estate sector for the year 2024.

Warning Against Misinformation

The OVB, a body dedicated to monitoring and analyzing the real estate market, has denounced what it describes as a wave of misinformation targeting potential home buyers and investors. This alert comes at a time when many expats are considering investing in Spanish real estate, either as a primary residence or as an investment opportunity.

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politics

Expats in Spain: Participatory Budgeting in Arco de la Bahía Opens for Citizen Input

In a significant step towards democratic participation and community engagement, the municipality of Arco de la Bahía, located in the autonomous community of Cantabria, Spain, has initiated its participatory budgeting process for the year 2025. This initiative allows residents, including expats living in the area, to contribute their suggestions and ideas for how the municipal budget should be allocated.

The Process

The participatory budgeting process, which began in November 2024, is designed to involve citizens directly in the decision-making process regarding the allocation of municipal funds. Residents can submit their proposals and suggestions through various channels, including public meetings, online platforms, and written submissions. This approach ensures that the budget reflects the needs and priorities of the community.

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crime-law

Premier League Footballer Under Investigation for Multiple Sex Offences

A Premier League footballer, who remains unnamed due to legal reasons, is currently under intense scrutiny and investigation by the Metropolitan Police for allegations of multiple sex offences involving several women.

Background and Allegations

The player, in his 30s, was first arrested in July 2022 following reports of alleged sexual offences. Despite this initial arrest, he has continued to play for his club. The allegations span from 2021 to 2023 and include the alleged rapes of two women and a sexual offence against a third woman. More recently, a fourth woman has come forward with allegations of rape, which led to the player being questioned by police again on November 7, 2024[2].

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