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”.
The number of properties purchased in Spain by foreigners rose for five consecutive quarters between 2011 and 2012.
In spite of the pressure on the Euro and the general state of the Spanish economy the Balearic Islands have had a good year according to Engel & Völkers Estate Agency. Sales were up by over 9% over the previous year and sales volume increased by over 8%.
News this month from the Malaga Developer’s Association reveals that the Russians have overtaken the Germans to become the second largest international home buying audience on the Costa del Sol. Marbella agent Spanish Hot Properties believes this is a trend to continue.
In a “crisis” the wealthy tend to hold firm. According to Sotheby’s International Realty this is certainly the case and nothing can dent the love affair that well-heeled Europeans, and now Americans, Russians and Chinese, have with the sunshine and lifestyle offered by Mallorca and Ibiza.
Having sold a very pleasing seven homes in December, a month that isn’t always seen as a buoyant month for buying, Murcia-based estate agent Mercers is very positive about what’s to come in 2013.
In 2012, sales and turnover for Spanish Hot Properties were both up 25% on 2011. For 2013 the estate agent has even higher hopes, a 50% predicted increase in turnover on 2012, largely due to a Google-friendly website that will rank strongly as the market recovers. So why the positivity?
14.5 million Brits tuned in to watch Bradley Wiggins crowned BBC Sports Personality of the Year last night. 1,000 miles away, expats in Mallorca were also celebrating the cyclist’s victory as Bradley has adopted the Balearic Island as his training destination of choice.
British buyers tempted by the discounts and finance deals that come with repossessed properties in Spain should choose where they invest carefully, plan any viewing trips well in advance and be prepared for a more complicated buying process than usual, a leading estate agency on the Costa Blanca has advised.
The Italian Lakes and Riviera, Côte d’Azur, Balearic Islands and Marbella have been favoured holiday home destinations for the international jetset for decades.
A new generation budget Spanish airline, Vueling, will commence new daily flights from London Heathrow to Palma Mallorca with the introduction of its summer timetable on 23 March 2013.
After Catalonia, the Balearic Islands are the preferred destination for Russian tourists to Spain.
Amidst a backdrop of economic uncertainty, a depressed domestic property market and the introduction of 'bad banks', it appears that confidence in the Costa del Sol, one of the most established second home destinations in the world, is on the up once again with leading house builder, Taylor Wimpey Espaa recording a massive 74% increase in sales so far this year.
Murcia estate agent, Mercers, is currently riding the crest of a wave of success with the highlight being the opening of new larger offices in Camposol Golf Resort on 17 November. Mayor of Mazarron, Ginés Campillo, cut the ribbon and toasted the thriving local business.
The gated community of Vista Alegre on Ibiza’s south coast hasn’t suffered a single burglary in the last five years and word has got round. Wealthy buyers are snapping up the multi-million euro homes with Ibiza Sotheby’s International Realty reporting no less than nine sales in 2011.
16 to 30 of 380 for Spain