Spain
Luxury tourism strategy pays off for the Balearics
Balearic Tourism and Sports Minister, Carlos Delgado, has expressed his optimism towards British tourism. Speaking at November’s World Travel Market in ExCeL, he said the UK market is on an “upward trend” and “good” forecasts are in place for the Islands for next year. Luxury tourism is largely to thank.
Is it time to follow Bill Gates into the Spanish property market?
News that billionaire Bill Gates has acquired a $155 million stake in Spanish builder Fomento de Construcciones & Contratas SA (FCC) has certainly caught the attention of property investors around the world.
Surge in mortgage enquiries puts Spain back in the top spot
To say that the Spanish property market has experienced a turbulent few years would be a bit of an understatement.
Mallorca takes second place in global lifestyle review
Property consultancy, Knight Frank, has just placed Mallorca at an impressive number two spot in its Global Lifestyle Review. Beaten only by Dubai, the Island performed well for culture, education and cost of living. Local agent Mallorca Sotheby’s International Realty is delighted with this recognition.
Spain retains its crown as top golf destination in Europe
According to the latest European Spotlight on Golf Tourism to Spain research report commissioned by Reed Travel Exhibitions, out of the 28.5% of those who travelled to Spain to play golf in the last 12 months, 12.7% visited the Costa del Sol, 3.9% to the Costa Brava and 3.2% to the Canary Islands.
Engel & Volkers Spain gears up to target Chinese investors
Engel & Völkers the leading international German real estate company focusing on high end property has recently developed a Metropolitan Market Centre based in the city’s Avenida Diagonal is now actively targeting the Chinese market with the recruitment of two Chinese real estate specialists to cater for the growing number of Chinese investors coming into the market and ahead of the new Spanish Government legislation for non EU buyers.
Balearic property prices edge closer to London
The average price per square metre of property sold by Mallorca and Ibiza Sotheby’s International Realty this year is 9,000 euros – a cool 7,600 pounds.
New revival in real estate for Palma de Mallorca
Next month construction will start on the third phase of a brand new, luxury seafront development, Marina Plaza II, located in the fashionable Portixol area, minutes away from Palma’s famous cathedral, historic old town and airport.
Holiday homes with a swing
According to IAGTO’s 2013 Golf Tourism Report, global golf holiday sales grew by an average of 9.3% compared to the previous year, and their member operators alone catered for 1.6 million golf travellers in 2012 generating an estimated €1.5 billion.
Ibiza replaces St Tropez as the celebrity playground of the Mediterranean
When it comes to celebrities, who hasn’t holidayed in Ibiza this year? From Beyoncé and baby Blue to David and Samantha Cameron, the Spanish island has been a revolving door for the stars.
Summer season boosts overseas mortgage enquiries by 62%
It appears that more and more of us are seeking a little slice of life overseas, with Conti, the overseas mortgage specialist, experiencing a 62 per cent surge in mortgage enquiries during August, its busiest month so far this year.
Estate agent celebrates three decades in Spanish property
Chris Mercer, Founder of eponymous Mercers, notches up three decades in Spanish property this autumn. Starting out in the Costa Blanca back in 1983, when buying a home overseas was the reserve of the few, Chris now runs Murcia’s most respected multi award-winning estate agency.
Foreign visitors to Murcia up 8.1% - Way above national average
Murcia welcomed 342,054 foreign tourists in the first seven months of 2013, up 8.1% on the same period last year. 25,589 more visitors have so far selected the region for their holidays in 2013, with the French and British leading the charge.
Brits want sport and adventure while abroad
Far from spending their days sunning themselves on the beach in a state of almost stupor-like relaxation, it appears that British holidaymakers are demanding more and more from their holidays.
Residential property construction in Ibiza stands at less than 3% of peak
Official figures out this month show that in the first half of 2013, only 43 homes were given the go-ahead for construction in Ibiza.