The new division of Insurepair is called Insurepair Spain.
It has a bilingual team including surveyors, claims managers and trades and has been established in the Mar Menor area, with the new business providing property inspections, insurance repair documentation and full reinstatement services delivered by a dedicated local workforce operating under the Insurepair brand.
All back-office infrastructure will be based at the Edinburgh office.
The firm said the model mirrors Insurepair’s UK operations, where the business works closely with insurers and loss adjusters to deliver consistent, end-to-end claim solutions.
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The initial operational base will be located around Mar Menor Golf Resort, with services extending across nearby resort communities including La Torre Golf Resort, Hacienda Riquelme, Condado de Alhama and surrounding areas of Costa Calida – “all locations with a high concentration of British homeowners”.
Richard O’Donnell, Insurepair managing director, said: “Through our work with insurers, loss adjusters and property professionals – and recognising the significant number of British and international-owned properties across regions such as the Costa Cálida – we identified a clear gap in the market for structured, insurance-led reinstatement services aligned with UK standards.
“Southern Spain contains large communities of international property owners, particularly from the United Kingdom. Many homes are used as holiday properties and remain unoccupied for extended periods during the year. When incidents such as burst pipes or water leaks occur, property owners often struggle to coordinate repairs remotely.
“We have earned a strong reputation for our work in the UK and we will now deliver the same structured approach, providing the same technical expertise and high standards to support property owners and insurers in managing and completing claims efficiently.
“Our professionals provide reliable repair and maintenance services that homeowners can rely on to help ensure properties remain safe, well maintained and ready for use. This is our biggest strategic move as a business in 20 years and we’re excited to look after homes in Spain – wherever their owners may be.”
PAUL SHEERIN
With less than three weeks to go until Scotland casts its votes for our next Scottish Government, anyone with a reasonable belief in the ability of polls to predict the future might conclude that in terms of change, very little could be coming our way.
Of course, you don’t have to be old enough to remember 1992 to have a healthy wait-and-see attitude as far as polls are concerned. At my age anything in the last decade or thereabouts is recent, so 2015, 2017 are certainly relevant and even 2024 had significant enough differences to encourage caution once again.
Setting aside the potential outcomes of the elections, we have watched with an engineering sector bias as all but one of the major parties have released their manifestos, outlining their blueprint for what they would do with power should they gain it. Whilst there are many aspects of government policy that impact business success, it is no surprise that we choose skills as our focus, as it is both clearly devolved and fundamental to our sector’s current and future competitiveness.
Rising inflation and weak growth have left economists fearing the spectre of stagflation could rise again. But what exactly does that mean?
With the Iran conflict lifting prices and hampering global growth, economists have started to suggest the spectre of stagflation could reappear. But what is it, and why does it matter?
What is stagflation?
Stagflation is when an economy faces the triple threat of rising inflation, weak economic growth, and a weakening job market.
Whenever stagflation is brought up, the 1970s are usually offered as the classic example. Here, a shock oil price increase started by war in the Middle East and an oil embargo led to a jump in inflation. Inflation rose to 12% in the US in 1974, and many economies experienced a severe recession.
These days, such extremes are considered to be less likely. While the 1970s and today both feature oil price shocks, the context is different. In the 1970s, the global financial system set up after WW2 which tied the US dollar to the price of gold (known as the Bretton Wood system) had just ended, and there were already growing inflationary pressures.
Importantly, today’s central bankers have learned the lessons of the mistakes of their 1970s forebears – such as the role monetary policy plays in inflation movements, and taking early action to reduce the prospects of a sustained and significant rise in prices. This should, in theory, lead to better decisions by central banks.
