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Things are looking up for the property market in Spain
March 09, 2010
The latest figures have revealed positive signs for the property market in Spain, with re-sale prices rising for the first time in 24 months.
Property portal fotocasa.es has reported a 0.6 per cent average price rise within the country, with some regions posting improvements of almost five per cent.
Low prices and reductions drawing canny investors back to Spain
March 08, 2010
Now is the time for property investors to take advantage of low prices in the Spanish rental property market, it has been suggested.
According to Savills Select Resorts, an increasing number of luxury properties in the country are being purchased by investors capitalising of discounted homes in the favoured destination.
Spanish regions posting house price increases
March 03, 2010
Evidence of the property market in Spain beginning to stabilise can be seen by slight house price increases in the south-eastern city of Murcia, it has been claimed.
'Canny investors' will take advantage of Spanish market
March 01, 2010
The Spanish property market will provide investors with some "fantastic opportunities" later this year, it has been claimed.
Despite still being in a relatively poor condition, the real estate market in the country will present careful and astute buyers with some bargain properties.
Brand new huge golf development to go-ahead
February 02, 2010
A SECOND mega golf complex has been given the green light on virgin coastline between Mazarrón and Águilas.
Murcia regional government approved the plan to build 6,000 homes, two golf courses and four hotels at El Ramonete near Puntas de Calnegre in the municipality of Lorca.
Spanish golf properties 'enjoy premium'
January 31, 2010
Properties with a view of a golf course enjoy a 20 per cent premium over similar homes that lack this, it has been noted.
In a feature on the appeal and value of golf properties, the Times quoted figures from developer Clutton Resorts stating that such a price differential exists.
The number of Brits buying property in Spain is increasing
January 29, 2010
The number of Brits buying euros for property purchases has increased in the last few days after sterling reached a rate of €1.15 for the first time since August 2008.
Foreign currency brokers have seen a 40% increase in clients buying euros, while new enquiries have shot up by 24%.
“A number of our clients in the market for euros are taking advantage of the improved exchange rate and buying their euros for overseas mortgage payments, property purchases etc now,” World First’s head of private clients, Elisabeth Dobson, told OPP.
Trampolin Hills protest
December 21, 2009
Over a hundred residents of Trampolin Hills Golf Resort, situated on the San Javier - Murcia road, held a protest last week at the resort. Armed with placards and shouting demands, the protesters are requesting that their money be returned and those responsible for the fraud to be sent to prison. The first of the more than 2,500 units planned at the resort were sold four years ago, but none were ever completed.
House prices rise as property shortage persists
December 17, 2009
House prices are still being driven up by a relative shortage of properties for sale, says the Royal Institution of Chartered Surveyors (Rics).
Its latest monthly survey, for November, suggests that prices have risen for the fourth month in a row.
The number of surveyors reporting price rises outstripped those reporting falls, with a positive balance of 35%.
Separate government figures showed that UK house prices rose by 2.3% in the three months to October.
A Place in the Sun auction cancelled
December 15, 2009
A Place in the Sun (APITS) cancelled its Spanish property auction in London on Sunday due to a lack of bidders.
Despite an extensive PR and marketing campaign fronted by television presenter Amanda Lamb, the exhibition only attracted 20 members of the public who were told that there were not enough participants to hold a public auction although they were allowed to make private bids to the developers who paid £350 to participate.
