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.

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.

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.

MURCIA GOVERNMENT LEFT TO FINANCE NEW AIRPORT

November 30, 2009

The regional government of Murcia has decided to come to the rescue of the New International Airport of Murcia, which is being built in Corvera, and was facing uncertainty due to financial strain.

Trampolin Hills Bankrupt

November 23, 2009

A number of news sources are reporting this morning on comments made by Antonio Guillen, a lawyer acting for British and Irish purchasers of the Trampolin Hills development in Murcia, which was forced into bankruptcy earlier this month.

The government says the plummeting in Spanish property prices has reached the end

November 18, 2009

The director General of arquitecture and property politics pointed out yesterday that we don’t have to talk about the collapse of property prices any longer and that the “inclination” points towards the “stability” of prices.