Spain
Formula One hopes for Mallorca’s property market
Mallorca appears to be having more than it's fair share of action this year. This beautiful Balearic Island is already to be used at both the start and finish of the Global Ocean Race 2011 - 2012.
The quaint Spanish town of Moraira attracts UK buyers
When it comes to buying or building your dream home in Spain, the small Spanish town of Moraira has a lot to offer UK property buyers.
Gibraltar - an attractive proposition for the hedge fund industry
1 January 2011 was a key milestone in Gibraltar’s fiscal history. On this date the new Income Tax Act came into effect and completed the territory’s 14 year transition from ‘tax haven’ to mainstream European financial services centre fully integrated into the EU.
Flood of foreclosed properties set to hit Spanish market
There are now around 100,000 foreclosed homes on the market in Spain according to Madrid-based Pisos Embargados de Bancos, a company that lists a quarter of that amount on behalf of 25 Spanish banks.
Only half of property bank guarantees ‘issued’ in Spain actually exist
Despite being a legal requirement, ReclaimYourDeposit.com has discovered that only half of the bank guarantees ‘issued’ in Spain actually exist. This shocking news will heap yet more misery onto those despairing investors who are without a second home, the deposit they shelled out to buy it and now no means of recovering their losses.
Mallorca sales figures double for Taylor Wimpey de Espana
The most established British developer in Spain, Taylor Wimpey de Espana announced this week that 2010 has seen increases of up to 50% in sales from last year. And it is the Balearic island of Mallorca that has played a major part in bolstering the figures by doubling their year on year sales.
easyJet flight boost for Gibraltar Airport
As the eagerly awaited £100 million terminal nears completion, easyJet has announced its intention to launch a brand new route into Gibraltar Airport from Liverpool’s John Lennon. The three times a week service, to begin 29 March, will complement easyJet’s existing London Gatwick schedule and compete against Monarch Airlines’ Manchester route – also three times a week.
Going for golf in Spain
Recent reports from the International Association of Golf Tour Operators (IAGTO) show that Spain is top of the polls for golf tourism with this Mediterranean destination capturing 35% of the European market. Andalucia and the famous Costa del Sol is the most popular region for the budding sportsmen and women within Spain, a trend recognised by both holiday operators and property developers.
Spanish estate agent fears return of ‘cowboy agent’
If there’s any comfort to be drawn from the collapse of Spain’s property sector, it’s the disappearance of the ‘cowboy’ estate agent - but for how long? Costa Cálida-based estate agents, Mercers, already fear an influx of shady here-today-gone-tomorrow agents hoping to cash in on Alhama’s new Paramount Pictures theme park and the business it will create.
Authentic southern Spanish village poised for stardom
As Spanish celebrities go, few are as loved and as timeless as Julio Iglesias. The 260 million worldwide record seller recently married his partner of 20 years, Dutch model Miranda Rijnsburger, and they have chosen the Andalucian village of Ojén in which to settle. Obscurity will no longer be an option for this petite village of just 2,000 inhabitants.
Bolt nominated for World’s Best Redevelopment / Renovation
Already in possession of a collection of international property awards for its supremely luxurious new-builds, Bolt Property Group has now achieved recognition for its innovative redevelopment projects at the recent European Residential Property Awards in association with Bloomberg Television.
Big 5 Kayak Challenge team enjoys R’n’R in Gibraltar
Having left London’s Tower Bridge one month previously, the Big 5 Kayak Challenge team paddled and peddled almost 2,000 miles to make it to the five star comfort of Gibraltar’s Ocean Village Marina at 7.42pm on Tuesday this week.
Spanish estate agent Mercers continues award-winning streak
Having secured Best Real Estate Agency Spain (Four Star) in the CNBC-sponsored European Property Awards in both 2008 and 2009, this month Mercers collected Best Estate Agent (Bronze) in the OPP (Overseas Property Professional) Awards for Excellence 2010. Incredibly Mercers was the only Spanish Estate Agent to pick up an award – an amazing feat.
Murcia-based agent ‘wins lottery’ thanks to Paramount Pictures
Paramount Pictures has opted to construct its first Europe-based theme park at Alhama de Murcia in Mazarron. Predicted to attract up to three million tourists each year, the October 13th landmark decision will have a significant impact on both the people and prospects of the region.
Spanish property - buy now or you’ll pay later
With Spain’s Prime Minister, Zapatero, appearing on American TV this week to declare the European debt crisis and the Spanish property crash both to be over, the window of opportunity with bargain house prices could be about to close. He expects prices to begin to rise which can only mean one thing – buy now or you’ll pay later.