The Spanish property market crisis is over. At least that’s what Banco de Espana is saying. Director of Studies José Luis Malo de Molina comments, “The adjustment of the real estate sector is, in principle, complete.”
Spain has long been the darling of movie and TV location specialists. With reliably fabulous weather, stunning open countryside and a plethora of ancient castles, crumbling fortifications and winding streets, it is the perfect place to shoot anything from blockbusters to hit TV series.
From domestic travellers to visitors from overseas, it seems that everyone is planning to enjoy a spot of Spanish sunshine this year. According to the Alliance for Tourism Excellence (Exceltur), GDP was up 3.5% during Q1 2015, due mainly to a 10% rise in demand from Spanish travellers during January and February.
Having exited a six-year downturn, Spain is going through a particularly purple patch and is on course to become the largest economy in the eurozone – overtaking the UK and the United States.
The news for Florida and Orlando tourism just keeps getting better and better, with a hat-trick of record visitor numbers.
The European Commission has recently forecasted Italy’s economic growth at 0.6% for this year, increasing further in 2016 to 1.4%.
Spain is still the most popular property destination in the world, according to TheMoveChannel.com’s latest Top of the Props report.
Work on the Poinciana Parkway in Central Florida is ahead of schedule and could be finished by the end of 2016, say highway chiefs.
Just like the Florida weather, the real estate market is heating up even further, the latest market data shows.
Leading Spanish homebuilder Taylor Wimpey Espana has enjoyed a bumper start to 2015. Visitors to the company website are up by 16% and sales have increased during Q1 in all three locations in which Taylor Wimpey Espana operates: Mallorca, the Costa Blanca and the Costa del Sol.
Marina Bay at Ocean Village has a month-long wait while Gibraltar’s Development & Planning Commission makes a decision on its proposed superyacht berths and short-stay & rental apartments. If approved, the dream of long-term berthing in a tax-efficient environment will become reality.
With property sales already up 29.2% in 2014 over the previous year, and foreigner buyers accounting for 11% of the total, the Balearics are enjoying a purple patch. However with new legislation to relax the requirements for a ‘Golden Visa’ and dramatic interest and exchange rate trends, 2015 is set to go down in history.
The Algarve enjoys a well deserved reputation as a paradise for beach bunnies and wannabe pro golfers, but there is more to Portugal’s south coast than meets the eye.
The latest figures from I.Stat, the Italian National Tourist Board, reveal that the previously undiscovered region of Le Marche is now outshining Tuscany in tourism growth.
According to fresh statistics released by the Turkish Statistical Institute, TurkStat, the country’s population has hit an all-time high.
16 to 30 of 1966 for Overseas Property