Foreign buyers are now as important to the Spanish property market as they were in 2006, when the real estate boom was in full swing, with waves of “climate” migrantsinvesting in the Spanish property dream once again.
There’s still a healthy appetite for homes overseas from the British public, with the traditional locations of France and Spain still topping the hotspot lists, according to an overseas property report from BuyAssociation.
Over recent decades, Ibiza’s signature architectural style has developed into ‘sleek, white and minimalist’. However Thilo Kleinstoll, qualified architect and agent for Ibiza Sotheby’s International Realty, suggests the tide is turning towards a more individualist approach that directly suits the owner and the landscape.
This week the Spanish Colegio de Registradores (Land Registry) released their Q1 statistics and, with house sales up 28.73% on Q4 2012, the wheels are certainly turning on the Spanish property market. Estate agent Mercers is delighted with the positivity.
The Spanish government has announced its intention to set its investor visa at the €500,000 limit. The legislation is expected to be passed in July and any buyer investing in Spanish property above this limit will gain a residency visa.
Spain has been placed in the top 10 EU locations for bathing water quality with an excellent score of 82.8%, according to new research compiled by the European Environment Agency (EEA).
Valuation company Tinsa has reported that the Balearic and Canary Islands are the only regions in Spain where house prices went up in April over the previous year – an increase of 3.3% versus an average 10.5% decline for the rest of the country.
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.
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