Spain
Marbella luxury property now undercuts competitor European resorts
The Italian Lakes and Riviera, Côte d’Azur, Balearic Islands and Marbella have been favoured holiday home destinations for the international jetset for decades.
Spanish low-cost airline opens new route to Mallorca from the UK
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.
Spain’s Balearic Islands emerge as Russian property hotspot
After Catalonia, the Balearic Islands are the preferred destination for Russian tourists to Spain.
Costa del confidence
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.
Mayor opens bigger premises for Murcia Estate Agent
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.
Ibiza’s Vista Alegre - Burglary-free for five years
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.
The end of house price falls in Marbella?
With sales figures up on 2011, the expected return of full-rate (10%) VAT on new builds, certain developers considering price hikes and others successfully selling off-plan for the first time in years – agent Spanish Hot Properties feels 2012 could be the last year for price falls in Marbella.
Finding unique frontline property in Spain just got easier
Frontline properties in Spain are always in demand, however finding homes of any quality on a beach front location has always been difficult even for those with cash to burn.
Why are Brits missing out on Spanish property bargains?
At the height of the boom, Brits made up 60 to 70% of foreign property purchases in Spain. By 2011 this British proportion had dropped to 19% with other European investors snapping at their heels.
Award win for Spanish estate agent amidst soaring sales
Murcia estate agent, Mercers, has chalked up yet another Award win taking five star “Best Real Estate Agency Spain” in the International Property Awards Europe in association with Yamaha. The news completes a fantastic September which has seen the highest sales volume since 2005.
Spain’s Bad Bank unlikely to be foreign-friendly
As a condition of European bailout, Spain is creating a Bad Bank to swallow foreclosed real estate assets weighing heavy on lenders’ books.
Golf gives Balearics 161 million euro cash injection
According to a recent KPMG report, golf tourism generated 161 million euros for the Balearic Islands in 2011. With Mallorca hosting 24 of the Islands’ 26 courses, the impact on its local economy and property market is considerable.
Balearic property sales soar by 32.3%
Property sales in the Balearics grew by 32.3% in August this year compared to the same month in 2011, reaching a total of 901 transactions according to a recent report by the National Statistics Institute (INE).
Celebrities continue to eye Ibiza’s property market
For decades, the Spanish island of Ibiza has been one of the most fashionable places in Europe to live and as such has attracted a steady stream of celebrity buyers.
Costa del Sol property surplus continues to clear
With dramatic house price falls and a strengthened pound, quality Costa del Sol property is selling fast. There are only two townhouses left for sale at La Cala Golf in Mijas and agent, Spanish Hot Properties, says buy now or miss out.