Areas of Mallorca, Marbella and Barcelona are featured in the Engel & Völkers International Group study 2013, based on the most expensive addresses worldwide from their annual study of data of over 490 shops in 36 countries on 5 continents.
More than a million homes were sold across Spain in 2006 at the tail end of the Spanish property boom. The mortgage crisis that followed lowered demand and caused home prices to plummet.
Having debuted regular flights from London City Airport to both Ibiza and Mallorca in winter 2012/13, British Airways CityFlyer has enjoyed such success that it’s more than doubling its service for winter 2013/14.
Engel & Völkers, Mallorca’s largest international real estate company with 16 shops on the island, is reporting a welcome spring surge in sales and interest this first quarter.
With demand for holiday rental accommodation in Spain during Easter week this year increasing by 29% compared to 2012 according to the Spanish holiday rental portal, Homeaway.es, this summer is set to be a sizzler!
Spain’s status as the number one golf holiday hot spot has been confirmed by a new survey of golf tour operators compiled by KPMG’s Golf Advisory Practice.
Back in January, Murcia-based estate agent Mercers boldly announced a predicted 25% increase in house sales for 2013 over 2012. With Q1 showing exactly that, up 25% for the first three months of 2013 in comparison with 2012, the prediction is on track to becoming reality.
Having made a concerted effort to orientate the Islands’ hotel and leisure facilities towards the high end, the Balearics are now successfully courting the Russian tourist. Visitor numbers from Russia are up 23.4% in 2012 over 2011 and now, for the first time, all three Balearic airports are connected to the nation.
Spain has always been a popular destination for Brits looking to move abroad or to own a second home. Spain’s lure of sunshine, stunning coastal scenery and lively cities has been attracting interest for years and it seems that the trend isn’t about to change any time soon.
The European Environment Agency has released a detailed study into those European cities at high risk of urban flooding. Marbella sits second bottom of a table of 578 cities with only 22.51% of its area ‘sealed’ by buildings, concrete or tarmac – only Sweden’s Norrkoping is ‘greener’ at 21.6%.
With Scandinavians, Dutch, Russians, Chinese and now millionaires from Latin America suddenly “hot” on the value offered by property in Marbella, the race is on to find top quality luxury stock.
Some 2.3 million ‘foreign’ EU nationals are now officially registered in Spain, around 5% of the total population.
Played the right way, there is gold in the Spanish property market with the occasional deal arising that could return 20% inside three months. But agent Spanish Hot Properties advises that finance must be in place so you can strike while the iron’s hot.
Positivity has emerged from the Spanish press with regards to the long-awaited opening of Murcia’s Corvera Airport.
Daytime talk show legend Ricki Lake has recently revealed her desire to up sticks and swap LA for Ibiza. Describing it as “our paradise” she hopes to move her new husband and two sons to the Balearic Island “as soon as we possibly can”.
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