Buying a Property Off-Plan in Spain - Safely

Buying a Property Off-Plan in Spain – Safely

Buying property off-plan is back in Spain again, with developers keen to sell properties before they are built and purchasers equally keen to buy at a lower price, pre-construction. So, here are some recommendation to take in consideration when buying a Property Off-Plan in Spain – Safely. Laws were introduced to protect purchasers who are buying property off-plan in Spain, requiring developers to provide a bank guarantee for all payments made by the purchaser for the…

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The profitability of housing as an investment grows to 6.3%

Real estate investment in Spain, in any of the products analyzed by Idealista, offered at the end of 2016 rates of return higher than those recorded a year earlier. These yields multiply by four, in the worst case, those of the 10-year State Bonds (1.4%). The profitability of housing as an investment grows to 6.3%  from 5.5% a year ago, due to the higher growth rate of rental prices compared to sales prices. According to…

Why buy property on the Costa del Sol?

Why buy property on the Costa del Sol?

Now, you can argue about the quality of life – some people say that life on the Costa del Sol isn’t all it’s cut out to be –  but you can’t really argue about the weather. The Costa del Sol, and especially the area around Marbella, has the best climate in mainland Europe, with abundant sunshine, and pleasant temperatures in the winter months. Most people would concede that life is much easier to…

Holidaymakers on Costa del Sol to expect lower prices 2017

Holidaymakers on Costa del Sol to expect lower prices 2017

Holidaymakers on Costa del Sol to expect lower prices 2017!  Prices have fallen by up to 31% at major resorts and city break destinations worldwide, according to a new report on travel costs. As sterling continues to strengthen against other world currencies, thestudy, compiled by Post Office Travel Money, has found that costs fell at 23 of 44 destinations surveyed. For the once that decide to go for holiday to Costa…

The Costa del Sol has the largest amount of new housing available in all the Mediterranean

The Costa del Sol has the largest amount of new housing available in all the Mediterranean

The Costa del Sol has the largest amount of new housing available in all the Mediterranean costal areas, with 2,482 new properties. The Costa Blanca comes next with 2,110, according to data given by ST-Valuation Society (ST) at the end of last year. The amount of new property around the coast of Malaga beats that of Madrid (2,158) and Barcelona (1,072).   According to ST-Valuation (ST), the supply of new housing on the five main Mediterranean…

What you should really pre-empt before selling your property in Spain

What you should really pre-empt before selling your property

  When selling your property in Spain, many sellers are not fully aware of what they are going to have to calculate in terms of costs before getting the real net figure.  When you have made the decision of selling your property  you ought to consider the costs involved before establishing the asking price. Property market on the Costa del Sol is competitive so getting the selling price spot on is essential to sell your…

Why are new-build Marbella properties so popular

Complexes featuring contemporary styling and comforts are not only highly desired in Marbella, the demand for this has also increased in the most popular cities and regions across the world. Internationally, the current trend clearly favours clean, modern lines, and naturally these are evolving all the time. We have already moved from stark white minimalism to include a wider range of materials, tones and textures that add character and soften the geometry of modern…

In November British Tourist spending in Spain grew 17%

In November British Tourist spending in Spain grew 17%

Regardless of the impact of Brexit on the pound’s value against the euro, in November British Tourist spending in Spain grew 17% as compared to the same month in 2015.   The data from the National Statistics Institute (INE) shows that Brits spent €776 million in Spain last November, which is not only an impressive increase on last year, but also accounted for 18.5% of all foreign tourist expenditure that month…   Moreover, the number of Brits visiting Spain…

Demand for dream property in Spain

Demand for a dream property in Spain

SPANISH construction is in rude health if the abundance of new property ventures, both residential and commercial, is anything to go by. The real estate market in Madrid is now on fire with foreign investment increasing dramatically since the first signs of recovery in 2013. Indeed the commercial real estate boom is one of the chief reasons the Spanish GDP is predicted to grow by 3.2 per cent this year, one of the fastest rates…

Spain's Golden Visa scheme picks up steam

Spain’s Golden Visa scheme picks up steam

Following a somewhat slow start when the scheme was initially launched in 2013, Spain’s ‘Golden Visa’ initiative has gained a bit of traction, accounting for €911 million in property investment up until the end of 2015. Aimed at helping bolster recovery following the real estate crash and economic crisis towards the end of the last decade, foreign buyers were originally slow on the uptake, but a steady flow of €500,000-plus investments have injected a…