This November sees the much-anticipated release of Cala Estancia, a boutique collection of just eleven 1 and 3 bedroom luxury apartments in Palma, Mallorca.
Balearic Tourism and Sports Minister, Carlos Delgado, has expressed his optimism towards British tourism. Speaking at November’s World Travel Market in ExCeL, he said the UK market is on an “upward trend” and “good” forecasts are in place for the Islands for next year. Luxury tourism is largely to thank.
News that billionaire Bill Gates has acquired a $155 million stake in Spanish builder Fomento de Construcciones & Contratas SA (FCC) has certainly caught the attention of property investors around the world.
Property consultancy, Knight Frank, has just placed Mallorca at an impressive number two spot in its Global Lifestyle Review. Beaten only by Dubai, the Island performed well for culture, education and cost of living. Local agent Mallorca Sotheby’s International Realty is delighted with this recognition.
According to the latest European Spotlight on Golf Tourism to Spain research report commissioned by Reed Travel Exhibitions, out of the 28.5% of those who travelled to Spain to play golf in the last 12 months, 12.7% visited the Costa del Sol, 3.9% to the Costa Brava and 3.2% to the Canary Islands.
Around 400 British citizens emigrate every day, according to figures from the Office for National Statistics, and the number has increased by 20 per cent over the last three years.
Engel & Völkers the leading international German real estate company focusing on high end property has recently developed a Metropolitan Market Centre based in the city’s Avenida Diagonal is now actively targeting the Chinese market with the recruitment of two Chinese real estate specialists to cater for the growing number of Chinese investors coming into the market and ahead of the new Spanish Government legislation for non EU buyers.
The average price per square metre of property sold by Mallorca and Ibiza Sotheby’s International Realty this year is 9,000 euros – a cool 7,600 pounds.
Next month construction will start on the third phase of a brand new, luxury seafront development, Marina Plaza II, located in the fashionable Portixol area, minutes away from Palma’s famous cathedral, historic old town and airport.
According to IAGTO’s 2013 Golf Tourism Report, global golf holiday sales grew by an average of 9.3% compared to the previous year, and their member operators alone catered for 1.6 million golf travellers in 2012 generating an estimated €1.5 billion.
A French property developer which six years ago stunned its rivals by acquiring a near-vertical rock face on the side of a mountain in the French Alps and announcing plans to build more than 130 apartments on it is about to perform an encore.
Investors gambled on Vegas property this summer, according to TheMoveChannel.com’s latest Investment Watch report.
When it comes to celebrities, who hasn’t holidayed in Ibiza this year? From Beyoncé and baby Blue to David and Samantha Cameron, the Spanish island has been a revolving door for the stars.
The Foreign & Commonwealth Office (FCO) has issued a warning to British nationals who are considering a move abroad, advising them to plan for the unexpected before they move to a new destination.
It appears that more and more of us are seeking a little slice of life overseas, with Conti, the overseas mortgage specialist, experiencing a 62 per cent surge in mortgage enquiries during August, its busiest month so far this year.
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