Spain
Spanish mortgage market cleans up its act
Whilst mature mortgage markets such as that of the UK have learned from their mistakes and now heavily regulate the selling of financial products, Spanish banks are currently licking their wounds and suffering under the weight of repossessions on their balance sheets. New Prime Minister Rajoy is on a clean-up mission.
Murcia will get its Paramount theme park
This morning Proyectos Emblematicos Murcianos SA (PREMURSA), the promoter behind Murcia’s Paramount Theme Park and LifeStyle Centre, signed the contract to complete the purchase of two-thirds of the land earmarked for the project.
Spanish golf property loses its premium price tag
When the Costa del Sol property market was at its peak in the mid-2000s, developers building in prime golf locations added a hefty loading to their price tags.
Over 2 million Brits expected to visit the Costa Blanca in 2012
This could be the second consecutive year that the British tourism market will help pull the Costa Blanca out of economic hardship according to the tourism council in Valencia.
Demand for holiday rentals set to boost Spanish property market
An increase in the demand for holiday accommodation in Spain last year has resulted in more and more Spanish home owners preparing to rent their properties out this summer, providing a welcome boost to the property market.
Jumeirah chooses Mallorca for first foray into Spain
Dubai-based luxury hotel chain Jumeirah has hand-picked the island of Mallorca for its first foray into Spain.
Modern villa in picturesque Spanish surroundings
There are spots that conjure up the classic image of privileged and jet set lifestyles; places whose charm and idyllic setting drink in views that are the stuff that dreams are made of.
Buying a new home in Spain with Taylor Wimpey
Buying a new home is a stressful experience at the best of times but buying a home overseas has an even greater set of challenges. You may not speak the language, the buying process may not be familiar, the legalities might be different from the UK or the build quality might not be up to scratch.
Mallorca’s capital Palma launches year-round tourism campaign
Provisional data shows air traffic for Palma de Mallorca at 22,726,459 passengers for 2011, that’s a 7.6% increase on 2010 when just over 21 million passengers passed through the Airport.
New rules on obtaining foreign ID numbers divide real estate industry
From 3 January 2012 the Spanish authorities have changed the rules on how foreign property buyers obtain their fiscal identification number or NIE.
Buyers can still buy VAT free in Spain
It was confirmed on the 31st of December 2011 under the Royal Decree - Law 20/2011 that the reduced VAT rate of 4% introduced in 2011 will remain applicable for all new build properties only in Spain throughout 2012.
Most expats trust banks abroad, except in Spain
Expats continue to have a high level of trust in banks abroad - despite the ongoing financial crisis.
What buyers want from Spanish property in 2012
Having waved goodbye to what was a relatively tough year for the global property market, Kyero.com's latest analysis of the forever popular Spanish property market highlights some interesting findings, identifying that foreign buyers will continue to look for bargain properties focusing in Spain's best known areas.
Spanish banks prepared to lend over 100% on their own quality stock
Spanish home loans have fallen for the 14th consecutive quarter. Data from the National Statistics Institute out in December 2011 showed that October lending was 43.6% down on the previous year and the lowest monthly figure since 2003 – beating even 2008, the year the ‘bubble burst’.
“No going back” for Murcia’s Paramount-branded theme park
At a press conference on 23 December the Mayor of Alhama de Murcia, the setting for Murcia’s Paramount-branded Theme Park and Lifestyle Centre, said “there is no going back for the Paramount Park” and “there are investors”. Local estate agent Mercers believes these reassuring words will silence the Paramount “doubters”.