Tourism in Spain contributed 11.7% to the economy in 2013, according to the latest data from Market Research Reports, with total tourism output reaching €191.5 billion.
It is now a year since work started on the major Poinciana Parkwayin Florida, USA, – and the $150million project is progressing well.
Gibraltar has returned from the ‘World’s Best Finals’ of the International Property Awards in association with Rolls-Royce Motor Cars with fantastic news – a global win for New Aloes.
Florida not only has an unbeatable lifestyle, the cost of living over the United Kingdom and many other countries is also much lower – particularly when you take into account buying or renting real estate.
Clare Nessling, director at Conti, the overseas mortgage specialist, reviews the overseas property market in 2014, and shares her predictions for the year ahead.
Spain’s mortgage rate is making headlines at present with Euribor (the rate usually used to set mortgage interest payments in Spain) falling to 0.335% in November with this record low leading many buyers to act fast in order to purchase the property of their dreams.
It’s that time of the year when planning for the New Year may well include planning a move abroad for those who are lucky enough to be able to build a career outside of the UK.
The total value of Florida real estate bought by foreigners has leapt by around a quarter in the last year to $7.97billion – and one of the main reasons is its excellent value-for-money.
Florida’s Department of Economic Opportunity has revealed that the state’s unemployment figures now stand at the lowest rate since June 2008, a figure of 6% in September.
Long term fixed rate euro mortgages to buy a new home or releasing equity have fallen again, reflecting the ultra-low level of Euribor, the European Central Bank reference rate.
The Foreign Office estimates that some 800,000 Brits live in Spain for all or part of each year. The number of those residing permanently is uncertain but best estimates put the figure as being somewhere between 250,000 and 400,000 people.
Priced at 25 million euros, it’s said that Enigma Mansion is the most expensive property to be put on the market in South Africa. Completed in 2011, the ostentatious trophy home has hosted royalty, celebrities, and commercial, film and TV shoots, including American apocalyptic supernatural action series ‘Dominion’, and is now ready for a new owner.
Portugal, like every popular coastal tourist destination, finds its beaches packed with visitors from May to September.
It’s true that real estate prices in sunny Florida, USA, are steadily rising. In fact, they have increased for 33 months in a row, according to the latest August 2014 data from Florida Realtors - but there are still plenty of bargains to be had.
Last week Alberto Garre, President of the Region of Murcia, said the arrival of the high speed AVE train and opening of Corvera International Airport “in 2015, if possible, would become reality”. Add a 16.28 million euro European Commission subsidy to kick-start investment at Paramount and Murcia is clearly entering a purple patch.
31 to 45 of 1953 for Overseas Property