Spain
Mallorca’s capital Palma launches year-round tourism campaign
Provisional data shows air traffic for Palma de Mallorca at 22,726,459 passengers for 2011, that’s a 7.6% increase on 2010 when just over 21 million passengers passed through the Airport.
New rules on obtaining foreign ID numbers divide real estate industry
From 3 January 2012 the Spanish authorities have changed the rules on how foreign property buyers obtain their fiscal identification number or NIE.
Buyers can still buy VAT free in Spain
It was confirmed on the 31st of December 2011 under the Royal Decree - Law 20/2011 that the reduced VAT rate of 4% introduced in 2011 will remain applicable for all new build properties only in Spain throughout 2012.
Most expats trust banks abroad, except in Spain
Expats continue to have a high level of trust in banks abroad - despite the ongoing financial crisis.
What buyers want from Spanish property in 2012
Having waved goodbye to what was a relatively tough year for the global property market, Kyero.com's latest analysis of the forever popular Spanish property market highlights some interesting findings, identifying that foreign buyers will continue to look for bargain properties focusing in Spain's best known areas.
Spanish banks prepared to lend over 100% on their own quality stock
Spanish home loans have fallen for the 14th consecutive quarter. Data from the National Statistics Institute out in December 2011 showed that October lending was 43.6% down on the previous year and the lowest monthly figure since 2003 – beating even 2008, the year the ‘bubble burst’.
“No going back” for Murcia’s Paramount-branded theme park
At a press conference on 23 December the Mayor of Alhama de Murcia, the setting for Murcia’s Paramount-branded Theme Park and Lifestyle Centre, said “there is no going back for the Paramount Park” and “there are investors”. Local estate agent Mercers believes these reassuring words will silence the Paramount “doubters”.
Mallorca - Something to look forward to in 2012?
After what has been a good year for tourism in Mallorca, 2012 looks set to be an even better one according to research from the World Travel Market.
New Ryanair base for Palma de Mallorca in 2012
With passenger stats for 2011 (22,063,288) already outstripping those of 2010 (21,117,270), Palma de Mallorca has received more good news courtesy of Ryanair. The no-frills carrier is to set up a new base at the Balearic Airport in March 2012 and will operate a total of 47 routes – 17 of them new.
Fifth of Spain’s low-cost airline passengers fly into Palma
Spain’s Institute of Tourism Studies (IET) has recently revealed that almost one fifth of the 32.2 million passengers who chose to fly to Spain with low-cost airlines between January and October this year landed in Mallorca’s capital - Palma.
Marvellous Mallorca
Mallorca has enjoyed a generally positive 2011. Whilst mainland Spain has been hit with a severe property slump, this treasured Balearic Island has maintained its stronghold as a superb and highly desirable investment destination.
A breakthrough year for Murcia real estate
The southern Spanish region of Murcia has enjoyed a landmark year and almost singlehandedly carried the torch for positivity in Spain in 2011.
Mallorca Sotheby’s International Realty Market Report
Stephen Dight, Managing Director of Mallorca Sotheby's International Realty, reflects on 2011 and looks forward to 2012:
Mallorca Sotheby’s International Realty co-sponsors Poppy Ball
As the Royal British Legion prepares for its 90th anniversary in November, Mallorca Sotheby’s International Realty is honoured to offer its sponsorship to the annual Poppy Ball which takes place in the City of London on anniversary eve.
Price gap widens between Mallorca’s sea view and inland property
Exclusive estate agent Mallorca Sotheby’s International Realty has noted a widening price gap between first line sea view homes and the countryside equivalent. With requests for Mediterranean-front property outweighing inland by a huge ratio of five to one, premium prices are commanded and paid.