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SPAIN PROPERTY MARKET NEWS ROUND-UP 17/10/07
During the summer, we saw a stream of positive reports about the continued popularity of Spain and its property market. Those reports are continuing into the autumn and the emphasis seems to be that Spain is considered one of the best options for a long-term investment as well as being one of the top three destinations for those who are thinking of moving abroad. Here’s just a few of the some of the most interesting statistics:
May 2007: Top Spanish Bank, GE Money, reported that buyers consider Spain the best option for long-term property investment. GE Money asked one hundred mortgage brokers and a thousand of their customers for their views of the world property market and Spain was the clear winner, with its perfect mix of great lifestyle and secure returns over a sustained period.
August 16th: A report by UK building society, the Alliance and Leicester showed that Spain was one of the first choice destinations in Europe for starting a new life. Their research showed that 52 per cent were relocating because of Britain’s high cost of living, while 40 per cent cited poor UK weather conditions.
August 23rd: Just one week later, the UK’s Institute of Public Policy Research (IPPR) reported that Brits were leaving the country in record numbers and that Spain was the second favourite of the top ten destinations – and the favourite within Europe.
August 31st: As August drew to a close, the Overseas Desirability Report, conducted amongst just under 3,000 UK homeowners, reported that more than 40 per cent of them are interested in buying an overseas property and that a beachside home in Spain is their top of their wish list.
9th October: As we left summer behind, independent data from Kyero.com, the largest English-language Spanish property portal, revealed that average property prices in Spain had increased by 1.4 per cent in the previous month, rising to 248,000€ in October 2007.
10th October: UK bank, the Yorkshire bank, announced that its research has shown that 43 per cent of UK adults dream of buying a home somewhere sunny, with Spain the favourite destination. A staggering 66 per cent said that the weather was the main reason they wanted a home abroad and 32 per cent said they considered Spain a good long-term investment.
All of which goes to prove that whatever the reason for buying abroad, Spain is still the favourite destination for all types of overseas homebuyers, investors and those looking for a new life abroad.
Coastal Spain as popular as ever! - 13/07/07
Recently published research by property portal, Kyero, reveals that more than 70 per cent of their visitor activity is concentrated on popular Spanish coastal areas. Its Property Trends research highlighted sustained interest in the Costa del Sol, Costa Blanca, Costa del Azahar, Costa Cálida and Costa Daurada. Almeria is the fastest growing province with a 1.6 per cent increase compared with the rest of the country and average property prices of around €198,000.
Lost confidence is returning to the Spanish real estate industry - 11/07/07
Some ambitious new projects have been announced recently. According to the newspaper Expansion, Spanish company Fedesa Inmobiliaria is planning a €1.5 billion residential and tourism complex in Puerto Real in Cádiz, which will consist of more than 4,000 homes, 1,800 hotel rooms, two golf courses and a 400,000 square metre technology park.
For those of us who have slightly less than 1.5 billion to invest, the good news is that the HSBC and its Spanish partner, Solbank are offering a new deal to those from the UK looking for their dream home in Spain. It includes mortgage discounts with reduced interest rates of one per cent above the Euro Interbank rate (it's usually 1.25 per cent). Source: Overseas Property Professional
VIVAestates.com wins Best Spanish Property Website award!!!
The Website Team at VIVA Estates were delighted to be winners of the Best Real Estate Website category in the recent 2007 SpainREi property awards...
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News on Spanish Residency Cards...
If you're an EU citizen, you’re entitled to live and work freely in Spain. From 27th March 2007, EU citizens no longer require residence permits, but if you intend to live permanently in Spain, you must still register at the nearest Foreigner's Office (Oficina de Extranjeros) or if your areas doesn't have one, at a designated National Police Station (Comisaria de Policia)...
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The Spanish Property Market Review
On 24 April 2007 a long expected correction took place in the Spanish stock market, where significant falls were recorded as the value of shares in many leading construction and property groups depreciated. Within hours, Chris McCarthy personally and VIVA Estates generally were inundated with requests to comment on the market...
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Málaga: an inspirational short break
Nurturing talent that includes Spain’s most renowned artist and its leading Hollywood star, Málaga is a region that truly inspires.
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Spain attracts young British buyers
The majority of Brits hoping to buy a place in the sun are not older retirees but young buyers, according to a new survey.
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State of the market
The latest figures from the Spanish Ministry of Housing show that average property prices in Spain have risen by almost 11% in the past 12 months – and southern Spain remains a strong investment. More >
9 million brits want to leave the UK permanently
According to the Natwest Survey, one in three current and potential overseas homeowners would like to retire abroad (32%).. More >
Visit VIVA at "A Place in the Sun LIVE!" exhibition at the NEC Birmingham 29th Sept - 1st Oct 2006
Visit our huge stand at the NEC for first hand advice on buying property abroad plus thousands of fantastic properties ad legal and financial advice. Attend seminars, be entertained and taste the flavours of the international cuisine on offer.
VIVA arrives in the UK
VIVA’s first UK office is now open, making it easier than ever for British buyers to find their dream home in southern Spain.. More >
VIVA launches brand new website
VIVA’s new website launched in June, offering a host of new features to make finding your perfect Spanish property even easier. More >
Spanish economy continues to grow
Spain’s economy grew by an impressive 3.5% in the first quarter of 2006, compared to a rate of 2% for other euro nations. More >
Spain – one of the Europe’s safest places
The latest crime figures for Spain reveal that it’s one of the safest countries in Europe, with just 49.3 crimes per 1,000 inhabitants. More >
Lucky couple enjoy week in Marbella
Were you at the BBC Good Homes Show? Find out who won our trip to Marbella. More >
Brits still long to buy in Spain
A massive 68% of Britons would like to buy property abroad, says a new report from HIFX, the currency experts. More >
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