The ultra-rich have turned it into their refuge

The ultra-rich of the world they are choosing Spain like a paradise for your dream homes. High-income people are increasingly opting for properties with views of the Mediterranean Sea, away from the hustle and bustle, with a temperate climate and legal certainty for your investments. In recent years, ultra-high net worth individuals (so-called UHNWIs) Ultra High Net Worth Individuals) have put Spain in their sights, catapulting the country to fourth place globally in demand for luxury properties, as revealed the report Private Office Market Report 2026 by the real estate agency Engel & Völkers in collaboration with the consulting firm Henley & Partners. Spain: preferred destination for millionaires. Spain has slipped in in fourth place in the world in demand for luxury homes, only behind Italy, France and the United Arab Emirates. The analysis carried out by 160 international advisors reveals that prices in the premium real estate segment rose in Spain (as in Italy) driven by the mediterranean lifestyle. In contrast, destinations such as France and Canada registered moderate decreases. According to data from a study by the luxury real estate platform LuxuryEstate.com collected through the specialized portal Funds Societythe interest of millionaires from all over the world in Spain is solid. 77% of searches for luxury properties come from foreign buyers, with the ultra-rich Germans standing out with 27% of the total, above the French (17%) and Americans (5%). This translates into a record of almost 93,000 luxury homes acquired by non-residents in 2024, consolidating Spain as a safe destination for investors in luxury properties. Reasons that attract fortunes. It’s no longer just about saving money: the rich want to live (even) better. The Engel & Völkers report highlights that more than 50% of international advisors highlight an increase in preference for destinations that invite people to live. outdoor life (such as gardens or terraces accompanied by temperate climates) as the main feature for selecting luxury properties. This figure rises to 69.5% for requests in Europe and 54.8% worldwide. Jawed Barna, CEO of Engel & Völkers, sees it clearly: these properties act as “lifestyle assets.” Hans Lenz, an advisor in Mallorca, tells how “we have a growing group of clients moving here thanks to the incredible climate, security, connectivity and schools, with 19 international schools in Mallorca.” The exemption from wealth tax of up to three million euros and the absence of inheritance tax in the Balearic Islands accelerate the arrival of wealthy families to the Balearic Islands, combining remote work with the beach and golf. Classic destinations. According what was published by IdealisticMadrid, the Balearic Islands and Marbella are the most common destinations for these wealthy buyers. In Marbella, 8,708 luxury transactions were closed in 2024, an increase of 5.64% year-on-year, with 92% in foreign hands such as Mexicans and Russians. These operations seek absolute privacy, panoramic views and luxury equipment such as infinity pools. Millionaires, along with Latinos, choose a formula that mixes the business potential of the destination with relaxation. When you clear the Neighborhoods like Salamanca in Madrid or Pedralbes in Barcelona They see apartments exceeding one million euros they pass to American and Latin American millionaires. In 2026 it will go further. According to data from the Engel & Völkers study, the luxury market in Spain generated 20,550 million euros in 2025, which represents a growth of 6.2% compared to the previous year, with Chinese tourists responsible for 20% of total spending in this segment. Stuart Siegel, of Engel & Völkers Americas, predicts that the rich will continue to invest in homes designed for long-term enjoyment, prioritizing quality of life over quick profits. For his part, Daniel Hadi, CEO of the real estate agency for the Middle East, warns that the lack of exclusive villas and mansions will drive up current property prices even more. Given this luxury housing shortagebuyers will begin to look towards Branded Residences from prestigious brands such as Four Seasons or Dorchester, equipped with private spas and other luxury services managed by brands. In Xataka | The sale of a mansion for 22 million euros has revealed a new reality: Sotogrande is the new Marbella Image | Unsplash (Norbert Buduczki)

A tax on billionaires has made the founder of Google seek refuge in Miami. A $173 million shelter

Larry Page, co-founder of Google and second largest fortune in the world according to Forbespacks his bags after 30 years living in California. It’s not a whim. There is a compelling reason behind this decision: not pay taxes. However, the millionaire moves from state to state. the most millionaire way possiblewhich is none other than spending no less than 173.4 million dollars on two mansions near the sea in Miami. A house with a name and surname in Coconut Grove. According to published The Wall Street Journalthe co-founder of Google has acquired two properties in Coconut Grove, one of the most exclusive and luxurious neighborhoods in Miami, for about $101.5 million and $71.9 million respectively, for a total outlay of $173.4 million. One of the mansions was initially put up for sale for $135 million and extends over a 1.8-hectare beachfront plot, has 13 bedrooms and 15 bathrooms, several pools and gardens surrounding the construction. The mansion was owned by Jonathan Lewis, a well-known philanthropist and civil rights activist who died in 2023. The sale of this mansion known in the area as “Banyan Ridge“, closed in mid-December with a significant discount. ​A second retreat close. As and how they point From the specialized real estate portal Realtor, without leaving the neighborhood and just under four minutes by car from his main residence, the millionaire would have bought a second mansion for about 71.9 million dollars. This second property would also be located on the seafront with views of Biscayne Bay. In this case, the construction has about 1,579 square meters, seven rooms and belonged to the journalist and writer Sloan Barnett, heiress of billionaire George L. Lindemann, as he collected The Wall Street Journal. Fleeing the millionaire tax. Larry Page’s hasty move and other Silicon Valley millionaires It comes in the context of California’s plans to vote on approving a tax that would levy 5% to the estates of more than 1 billion dollars. According to what was published by The New York TimesIf the tax is approved, it could be applied retroactively to those billionaires who reside in California as of January 1, 2026. Therefore, in order not to be included in that calculation, Page has packed his bags to start the year as a resident in Florida. Analysts consulted by the American media calculate that, taking into account that it is the second largest fortune in the world with a valuation of 270.1 billion dollars, this tax could mean a tax bill of more than 13 billion dollars. Following in the footsteps of Bezos and Musk. Larry Page’s move is not an isolated or strange case. Jeff Bezos did the same from Seattle in 2023, although at that time justified his move to Miami to be closer to the family and operations of Blue Origin, his aerospace company. Bezos also made a grand landing in Florida, buying several mansions on the artificial island known as Billionaire Bunker for about 237 million. The change of residence (and state) has given you an estimated tax savings of about 1 billion dollars. Something similar happened to Elon Musk who, after his judicial dispute over the payment of his salary bonus of Tesla in Delaware, changed the headquarters of his companies and his residence to Texasavoiding paying 13.3% in California capital gains taxes. Bad news for your neighbors. The exodus of millionaires from California is making local real estate agents make a killing selling luxury homes in areas like Coconut Grove. Dina Gold Thayer, by Douglas Elliman, explained to The Wall Street Journal that “every two days, we show available homes to San Francisco clients. Everyone is in a hurry to buy to avoid the retroactive application of the wealth tax.” This rush to buy is an opportunity for residents, since their potential buyers had less room for negotiation, causing prices in the area to skyrocket even more. In Xataka | In a financial carom, Google has stood up to NVIDIA, leaving an unexpected winner in the crazy AI race: Larry Page Image | Flickr (Fortune Global Forum)

In 2001, a yacht took refuge on a remote island in the Atlantic. Days later its inhabitants breaded fish with coca

To the island of Sao Miguelthe largest and most populated of the Azores archipelago, is known as the ‘Green Island’ for its lush meadows. In 2001, however, the most appropriate thing was to refer to it as the white island. In one of those pirouettes of destiny that usually inspire Netflix scriptwriters (and in this case that’s how it was) began to arrive on the coasts of São Miguel, more specifically on those of the freguesia of Fish Taildozens and dozens of uncut bales of cocaine of extraordinary purity. The Atlantic brought them by surprise and without anyone in Rabo de Peixe being able to explain very well why or where they came from. What there is little doubt about more than 20 years later is that that episode changed history of the island. Not only because Rabo de Peixe was forever associated with surrealist images (it is counted that on the island there were families who they breaded mackerel with cocaine instead of flour), but for the mark it has left on a population of humble fishermen in which until then white powder was a luxury available to an elitist minority. Twenty-four years later, his story is back in the news thanks to streaming. Netflix has just released a new documentary about that episode, ‘White Tide: The surreal story of Rabo de Peixe’a launch that coincides with the premiere of the second season of a series inspired by the same event, the successful ‘Rabo de Peixe’. A drifting sailboat The Azores are a paradise on earth, but even the greatest of paradises can turn into hell. Antonino Quinzi saw this for himself at the beginning of June 2001, while steering a yacht of 12 meters across the Atlantic towards Spain. Although he was an experienced sailor and had recently completed the Canary Islands-Venezuela route, near the Azores he was surprised by a strong storm that damaged his ship’s rudder and threatened to set him adrift. Faced with such a panorama, Quinzi decided to postpone his original plan, which was to sail back from Venezuela to Spain, and seek refuge in some discreet cove of São Miguel. The word ‘discreet’ is not a minor nuance. To the residents of the parish of Pilar da Bretanha who saw how his yacht appeared on the horizon and sought shelter among the cliffs, Quinzi it seemed to them one more amateur sailor. One of the many sailboat owners who set out to sail the ocean without enough boards and end up finding themselves in trouble. In this case they were wrong. Quinzi was a hard-working Sicilian navigator and if he seemed to be stumbling along the coast of São Miguel it was because he was actually looking for a secluded place in which to hide the cargo he was transporting. On board his yacht, in addition to food and everything necessary for his long voyage, he hid hundreds and hundreds of kilos of cocaine from Venezuela. How many? Officially there is talk of half tonalthough there are those who remember that the ship could carry up to 3,000 kg and it would be strange for the Sicilian to embark on its ocean voyage without taking advantage of that cargo capacity. The fact is that Quinzi needed to reach a port where he could repair his yacht, but for obvious reasons he could not do so with the holds full of bales. To get out of trouble he decided to get rid of drugs. Some versions they count who used a boat to take part of the load to a cave, but had to abort the mission when he was surprised by some fishermen. Whether or not it is true, the fact is that to get rid of a large part of his cargo, Quinzi chose to another more radical solution. A wave of bundles Which? After ensuring that the bales would not be damaged by water, he placed them in fishing nets and then lowered them off the coast with the help of heavy chains and an anchor. Once he finished the task, he set sail towards the port of Rabo de Peixea humble and discreet fishing town located just over 20 kilometers from where he had hidden the shipment. The plan seemed perfect, if it weren’t for the fact that the same waves that had forced Quinzi to seek shelter ended up destroying the net that hid the coca bales. The result: dozens and dozens of packages began to emerge and the waves dragged them towards the coast. Guardian account how the first official notice was recorded on June 7, 2001, just one day after Quinzi’s yacht was seen lurking around the cliffs. While walking through a cove, a local came across a large black plastic sheet that hid what looked like dozens of packed bricks. He notified the police, who soon found that there were 270 bales that weighed nearly 300 kilos. Over the next few days, the authorities received similar notices from people who found bundles while walking along the coast. It is said that in just two weeks the agents seized more than 400 kg of drugs, which is not a bad balance if you take into account that the police estimated that the total shipment It was around 500 kg. But… And the rest? And above all, was the yacht actually transporting more drugs, as one of the Portuguese journalists who covered the event suspects? “The ship could carry up to 3,000 kg and no one would cross the Atlantic with only a small part of what it can carry,” argues Nuno Mendes, a reporter who traveled from Lisbon to cover the news. There was more or less drug, almost a hundred kilos or many more, what seems evident is that most of that unseized cocaine ended up in the hands of the inhabitants of São Miguel, where they barely live. 140,000 people. The focus is placed above all on the population of Rabo de Peixe, one … Read more

The Z generation has made them their labor refuge

The Generation Z is revolutionizing The work world by incorporating values ​​such as self -care and labor flexibility into their work career, which previous generations had relegated to the background. That is opening a new Fan of Labor Opportunities Denied by the previous generations, which described them as boring and monotonous. The Z generation is getting very good performance of them, in large part, by the Lack of generational relief that existed in those professions. Companies need more accounting. The accountant’s work was denosted by millennials as a symbol of boring job. However, the expectation that 75% of the current accountants will retire in the next decade. Fortune esteem that the US labor market needs about 340,000 accountants. That has opened a window of opportunity for the Z generation that finds in this job a way to align with its values ​​and not yield to the self -care of mental health that has made young people do not want to ascend by the High cost for your stress levels. 94% find stable employment. According to a study of 2022 Made by the Center for Financial Studies, Distance University of Madrid and the University of Murcia, it revealed that in Spain, 94% of accounting students who finished their studies obtained quality employment, full -time and with average gross wages above 30,000 euros per year, and almost 20% obtained wages over 40,000 euros in a short time space. Boring, but with purpose. Being accounting is, according to A study carried out in 2022 by the University of Essex, the second most boring profession, only behind the data analyst. Despite this cataloging, Fortune It echoed that some university students were using their knowledge in accounting to generate a positive impact on their community by helping people with their personal taxes and finance. These experiences meet another obsessions of generation Z: do a job with purpose. This help not only gives them personal satisfaction, but also serves as a formula to accumulate experience and access to better salaries when graduating. Mental health and stability. Unlike millennials, who prioritized work flexibility and more dynamic careers, the young people of generation Z seek jobs that offer them stability to develop their life and a Less impact on your mental health. As can be report ‘A problem like a house ‘prepared by the Youth Council of Spain, 87% of young people in Spain have to share house to reduce expenses and be able to emancipate themselves. According to data of Eurostat, in Spain the Middle Ages to emancipate itself was in 2023 of 30.4 years, so finding a stable and well -paid job is one of the main concerns for this generation. Forgotten professions now boom. The world facing the Z generation is very different to which it was raised to previous generations. Young people have changed university titles and precarious office jobs by Professional degrees and well -paid trades. That said, the arrival of AI is an elongated shadow for jobs in this sector that, according to forecasts, runs A high risk of automation. However, outstanding voices in the development of AI, Like Sam Altmanthey have been advancing that the role of AI in these sectors will be oriented to Eliminate more tedious work of data transposition, leaving humans the Strategic analysis of this data. In Xataka | “They are much more daring.” Image | Unspash (Mimi Thian)

Bluray has been the last refuge of “physical” collectors for years. Now the industry is strangling it

Sony has announced that Abandon the production of physical formats Like Blu-ray. They are not the only ones: Panasonic, Sony and Oppo They stopped manufacturing playback devices in 2018, Samsung In 2019 and, at the end of last year, also did LG. We can be in favor or against physical formats, considering them more or less superfluous, but the position of the industry is clear: the players will increasing Games in physical format and the world of film disc edition, increasingly dedicated to collecting, disappears. It is not definitive, but almost. Although Sony’s pass is more radical, as we counted yesterday, LG has given some extra nuance to its decision to stop manufacturing players: it has eliminated the section of these devices from its website, According to Arstechnicabut from LG Korea they have not affirmed that this cessation is permanent. Although they are going to make a parenthesis in the manufacture and sale of their devices, of which he also did not take any new model since 2018, being the Ubk90 and Ubk80 The last ones that updated. Consoles are no longer the last redoubt. To this growing shortage of players is added that consoles are no longer that safe specio for physical format devotees. Both the Xbox Series X and S and PlayStation 5 took the market with Blu-ray player, but soon they joined Options without disk reader. But more than four years ago of that, and the trend begins to blow in the opposite direction: PlayStation 5 Pro leaves, by default, without disk (which can be bought independently at a completely deterrent price). And Microsoft’s turn towards a philosophy of “Any device is an Xbox“It favors the game in the cloud and the abandonment of the physical. Et tu, brute? Less records. Of course, accompanying this fall we have the descent of releases of the games themselves and, above all, films on the support. There are less and fewer stores that take care of it: the chain Best Buyone of the most important in the United States, has stopped selling Blu-rays and DVDs in 2024, and the extended Target He announced that he would only do so on indicated dates. In Spain, there is nothing more to take a walk through businesses that were once unavoidable appointment for the physical format collector: in El Corte Inglés, for example, the film zone has been reduced to the minimum expression, and serve on request in the most cases. The market is compressed. At a speed of infarction, in addition: between 2019 and 2023, the US DVD market and the Blu-ray 40% were reducedand the situation is complex enough to make it difficult to find a single guilty. The main and most striking is the streaming. Who sees movies to hang out finds more than satisfied their needs with the streamingdo not need to accumulate films in physical format that yes, they look better, but with nuances that only interest experts (we live times in which television come, by default, with Activated options that tasting the photography and color work of any movie). But Netflix and Prime Video are not the only villains of this story. It is the market, friend. The public that consumes physical format has also changed: before the arrival of the platforms, the economic formats such as the DVD and the latest VHS spoils made it economy to buy movies. Now it is a luxury article, on a parallel path to which they have followed The vinyl of music Let us add to this circumstance that the space for storing physical formats has been reduced in these times of rented rooms of 60 square meters, where every centimeter of bucket is vital, and we will have circumstances that are not favorable to the pile chaotic and compulsive of the DVDs: Do you remember when it was impossible to buy the newspaper without half dozen records?) Nor are the producers for the work. And finally, we have the companies themselves, little interested in the business of the physical, since the streaming It is much more profitable: a platform that includes its catalog or that of its partners in its offer bridges intermediaries such as stores, and gives more benefits. The digital format, in addition, means that if we want The same product, something that does not happen when a physical copy of a film is owned. We will always have collecting. Interestingly, while Majors They gradually distance from the physical market (Disney recently announced that he would edit less 4K movies, a witness that Sony would collect with part of his catalog, while the least commercial options of his cinema Possibly they would disappear), collecting and special editions live a golden age, on a new path very similar to the one traveled by the vinyl. Recoverations of classics, attention to unknown and worship as it was not seen from the first explosion of the VHS, and stamps as criterion, Arrow, 88 films, Eureka or indicator, among many others making some classical and modern cinema editions as not It had ever seen it. That is The authentic future of the format: A remnant for cinephiles and cinephagos. Header | Diego Correa In Xataka | I have been testing the best teles that come to the market for more than 20 years and these are the films I use to analyze its image quality

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