Valencia property has the winning formula
2007-08-11 17:57:00
It has the same prized combination of a beautiful old town and beaches. It also has some fantastic modern architecture: Santiago Calatrava's City of Arts and Sciences rises spectacularly from the dry river bed that dissects the city, much of it an exotically landscaped park that gives the impression of abundant greenery.And like Barcelona, post Olympics, Valencia
is only now starting to realise the value of its waterfront. The port will soon have new restaurants, hotels, cinemas and leisure facilities, new tram and metro stops are springing up, and the detached seafront district of Cabanyal will be linked to the centre by an extension of the main Avenida Blasco down to the sea.
Read more: property
Marbella rocked by vast property corruption scandal
2007-08-09 17:54:00
Spain, no stranger to shady dealings, has been stunned and shamed as the former planning supremo of Marbella
, the Costa del Sol's playground for the super-rich, faces trial for the country's most spectacular corruption scandal. Eighty-six members of Marbella's power elite, including two former mayors, are accused of embezzlement on an unprecedented scale. The alleged mastermind was Juan Antonio Roca, accused of taking backhanders from builders and bribing councillors to rubber-stamp illicit property
developments. Police seized nearly ¿1m in cash at the home of his lawyer.
Buying Property On The Costa Blanca, Spain
2007-08-08 05:09:00
Sunny Spain
has long been a great place to own your little piece of heaven, the clean environment and relaxed atmosphere makes it a great place to live in or put up a vacation home. With the property prices in Spain especially along its tourist resorts rising over the last decade, buying a property in Spain has never been more desirable than it is now.One of the most sought after real estate properties available is Costa Blanca property. Costa Blanca possesses some of the best beaches in Spain. It is bounded by Denia and Javea in north, and Guardamar and Torrevieja in the south. The palm tree capital of the world, Elche, is also located inside Costa Blanca.
Read more: Buying
, Buying Property
Spain's Buy To Let Boom
2007-08-05 18:49:00
Figures from the Foreign Office show that between April 2005 and March 2006, Spain
was the most popular destination for British holidaymakers, with almost 14 million people travelling there.France came second (11 million) followed by Ireland (4.2 million), America (four million), Italy (3.4 million).The figures come as further proof that the Spanish property bubble has not burst, and will boost investment in Spain's buy-toilet property market as investors look to cash in on this popularity.Spain's popularity is based on proximity to the UK, ease of access, cheap air fares, the weather and the advanced tourist infrastructure.
Spain PM Zapatero: Economy, Real-Estate Sector Are "Solid"
2007-08-03 20:03:00
MADRID -(Dow Jones)- Spanish Prime Minister Jose Luis Rodriguez Zapatero
said Friday the country's real-estate industry is slowing down but that its fundamentals and economy as a whole remain solid.At a meeting with journalists, Zapatero was answering a question about whether he was worried about the economic impact of recent volatility in the financial markets.
Read more: Spain
, Estate
, Solid
Buying Property in Spain
2007-08-01 23:49:00
Every year many thousands of properties in Spain
are sold to foreign investors. What is the attraction? Firstly the country has a great climate and that is particularly appealing to those people living under the grey skies of northern Europe. Getting there is both quick and relatively cheap. A flight from London in the United Kingdom to Malaga on the south coast of Spain takes only a little over two hours. It is possible to get some very cheap flights with either one of the well known budget airlines or by picking up a spare seat on one of the hundreds of charters that fly to Spain every day.There is a wide selection of property to choose from both in type and numbers. Consideration of the following points will help to narrow the search. Size of the property, the garden and the number of rooms required. People planning to emigrate with children should check out what schooling is available locally. Consider the local health & social services. Choose between a built up area or open count
Read more: Buying
, Buying Property
Spain's Astroc in merger talks with Aisa-sources
2007-07-30 22:52:00
MADRID, July 25 (Reuters) - Astroc (ASTR.MC: Quote, Profile, Research), the property firm that caused Spanish stock market panic this year, is in talks to merge with rival Agrupacion Actividades y Inversiones Inmobiliarias (Aisa) (AISA.MC: Quote, Profile, Research) to create the country's fifth largest property company, people familiar with the deal said on Wednesday.Valencia-based Astroc plans to merge with Aisa in a stock transaction and combine it with its Landscape and Rayet Promociones units to form a new company known as Landscape, an insider at Aisa and another person close to the talks told Reuters.
Read more: Spain
, sources
A growing number of young investors see Spain as a viable destination
2007-07-28 18:05:00
Additionally, the country was voted the most popular overseas destination for all participants in the survey, reports Homes Worldwide.In total, 68 per cent of those who want to live in the country were under the age of 55. By comparison, 14 per cent were over 65.Of the five per cent of people who have already invested in overseas property, 50 per cent were under 35, the body added.Head of European operations at Halifax Ian Smith said that the myth of older people buying property abroad can now be truly debunked.
Read more: Spain
, young
Santander's profits surge
2007-07-26 17:37:00
Spain's largest banks have shrugged off a slowdown in the domestic housing market, with Santander
, Spain's largest bank, on Thursday reporting a 39 per cent profit rise as the latest evidence. The group's €4.46bn ($6.1bn) of net profits
means Spain's top five financial groups – Santander, BBVA and Banco Popular, and two savings banks, La Caixa and Caja Madrid – have between them made a net profit of almost €11bn in the first half of the year, up 25 per cent from a year ago.
Spain's Jove buys $4.4 bln BBVA stake
2007-07-24 17:17:00
MADRID (Reuters) - Spanish property magnate Manuel Jove is buying up to 5 percent of BBVA (BBVA.MC: Quote, Profile, Research), prompting Spain
's second-biggest bank to reiterate its opposition to shareholders building up large stakes. Jove, who made his fortune in property, said on Tuesday his purchase worth about 3.2 billion euros ($4.4 billion) in BBVA -- long spoken of as a potential takeover target -- was a "permanent, financial investment".
Spain is a "long-term" investment choice
2007-07-22 18:59:00
Despite rumours about Spain
's property market, it is still a top choice for investors in property, according to an international expert.Simon Ryeland, director of Principal International, said that his company had "no fears" about the market collapsing, as had been predicted in the press.
Read more: investment
A Real Luxury Property On Mallorca
2007-07-20 19:10:00
For a few years now Puerto de Soller on Mallorca
has been overlooked by a half-finished hotel. Now owned by an investment company, the Wingfield Corporation, work is due to begin on the complex once more. Wingfield aims for the hotel to be the finest not just on Mallorca – itself brimming with luxury establishments – but in Spain as a whole.Of course, when you say 'luxury hotel' to most people, the first place they'll probably think of is the Burj al Arab in Dubai, that high-rise, sail-shaped structure rising out of the sea. That's the sort of standard that will be available at this hotel too, as it's due to be managed by the Jumeirah group, which also oversees the running at the Burj.
Read more: Luxury
Portugal Property Investment: As Good A Spain
2007-07-18 21:00:00
The country itself will be in the news a lot for many reasons in the coming months, principally because it is taking over the presidency of the EU for the next six months. Of course, most of what happens in that field will be to do with issues with little or no relation to the domestic property market. What does matter is that, ever since it joined the European Union, or EEC as it was back in 1986, Portugal
has enjoyed stability, democracy and a growing connection with the rest of Europe. Exactly the same could be said of Spain
, which has enjoyed the advantage of a higher profile through its larger size and more glamorous cities.
Too many Brits putting off Spain property investors
2007-07-16 19:01:00
"Spain
's popularity with Britons is both its main advantage and its biggest downfall. Many are attracted to the country because they know others who have settled there or are familiar with the destination, others see it as a good long-term investment or simply enjoy the climate and culture," commented Gerry Bell, of GE Money Home Lending.
Read more: property
, Brits
New law 'to help Spain property market'
2007-07-15 01:51:00
Confidence in the Spanish market could be increased due to a new law, according to reports. It is hoped that the new law will help to manage the land more easily and help out in terms of sprawl and sustainability, reports Homes Worldwide.
Read more: property
, Spain
Fear that Spain's house price bubble is about to burst.
2007-07-12 17:17:00
The Financial Times says that according to rating agency Standard & Poor's, Spanish corporate debt is at an historic high point, totalling 106 per cent of gross domestic product last year compared with a Eurozone average of 70 per cent. The surge follows a credit-driven acquisition spree at home and abroad. But banks that extended credit freely into the boom are now encountering problems in syndicating some of the riskier loans.
Read more: Spain
, price
The Spanish property market: Where to now?
2007-07-10 17:33:00
The Spanish
property
market has reached a crossroads after its decade-long boom. The signals coming from the market are mixed, and the question as to what will happen next has been a popular topic in the Spanish and international press during June.First of all, some myths to dismiss. The market has not crashed, and articles in the British press in April and May announcing the end of the Spanish property market were premature, to say the least. Far from hitting a wall, the Spanish economy notched up 4% growth in the first quarter, and the Madrid stock market hit new highs in June.
GE Buys Logistic Developments in Spain
2007-07-08 19:35:00
The firm is adding to its 200,000-square-meter industrial portfolio in the country with the acquisition of two new developments, a 110,000 square-meter project in Vilarrodona, 80km from Barcelona for €80 million (U.S.$106 million), and a 44,000 square-meter facility in Valencia for €44 million (U.S.$59 million). In both deals GE will pay for the projects when completed--in the summer of 2008 for Vilarrodona and in the fall of 2008 for Valencia--and assume the whole leasing risk. GE is buying Vilarrodona, which will be comprised of six warehouses alongside the AP2 motorway, from Llonch Associates, a Catalan company, and Valencia, one warehouse in the Masia Balo de Ribarroja industrial park, from Mafort, a Valencian property company.
Read more: Spain
Property in and around Valencia
2007-07-07 15:17:00
Valencia may not currently be regarded as the most glamorous city on the Iberian peninsula, but this is all set to change. Playing host to one of the most bafflingly won sporting trophies of all - The America's Cup – put Valencia firmly at the centre of the yachting community this year, and when the first Formula 1 Grand Prix takes place there in 2008 the remainder of the well-heeled are guaranteed to prick up their ears. And it is likely that they will like what they see when they arrive: an open, relaxed, airy and vibrant city, Valencia provides the perfect anecdote from the crush of Barcelona or the baking heat of Madrid. Situated right on the coast, this ancient city has been vital to the economic development of Spain not least because it boasts one of the largest and busiest ports in Europe.
Read more: Valencia
A Real Luxury Property On Mallorca
2007-07-05 04:08:00
For a few years now Puerto de Soller on Mallorca
has been overlooked by a half-finished hotel. Now owned by an investment company, the Wingfield Corporation, work is due to begin on the complex once more. Wingfield aims for the hotel to be the finest not just on Mallorca – itself brimming with luxury establishments – but in Spain as a whole.
Read more: Luxury
Spanish villas 'favoured holiday home location'
2007-07-02 17:09:00
A small villa by the beach in Spain is the most popular type of holiday home sought by prospective overseas property buyers, according to a new survey. Thinkproperty.com's new Overseas Desirability Report found that more than 40 per cent of UK homeowners are thinking about buying property abroad at some point in the future.
Read more: Spanish
Controversial Spanish 'land grab' laws violate fundamental human rights
2007-07-01 17:09:00
The European Parliament voted for a resolution against the "illegal" practice, widespread in several of the country's autonomous regions but in particular the notorious LRAU and its replacement LUV in Valencia. The "shameful" legislation allows people's legally owned property to be snatched by developers, with victims being forced to pay towards unwanted infrastructure of new urbanisations.
Read more: Spanish
, Controversial
, violate
, human
Costly Spanish Corruption Curbed
2007-06-28 19:50:00
New legislation due to be implemented in Spain will restrict property prices and prevent corruption in the real estate sector.
Read more: Spanish
, Corruption
Buy property in Spain
2007-06-27 01:56:00
Spain is the most popular destination for British investors looking to purchase a property
abroad, according to financial provider HSBC.
Read more: Spain
Spanish property doctor: Beware of buyers who flash the ecash
2007-06-24 18:45:00
A new breed of Costa con man is preying on gullible sellers, stealing money and even houses.
Read more: property
, Spanish
, Beware
Spain still best choice for investors
2007-08-15 19:30:00
A study conducted by GE Money, discovered that the majority of 100 mortgage brokers still believe that Spain
offers the best value for money in the long-run, reports property specialists propertyinspain.net.
Developers plan new Spanish golf resort
2007-08-13 19:00:00
Plans to build a new golf course and 2,000 homes are underway in La Alpujarra in Spain.The region's Olive Press newspaper has quoted a local councillor, who claimed to have seen the urban extension plan. Real estate companies are also reported to be advertising property in the area in land around the town, mentioning the future development of the golf course. Almost one million square metres of land will be used for the construction of new property, according to Spain Real Estate.
Read more: Developers
, Spanish
Property Prices in Barcelona at an All Time Low
2007-08-19 20:20:00
After ten years of rapid but steady growth, property prices in Barcelona
are lower than they were at the beginning of the year. Does this indicate a dramatic market crash, or just a sign of settling down? Research into the second quarter of 2007, conducted by Spanish property information portal Idealista, reveals that the price of property in Barcelona city and it's surrounding municipalities have dropped by an average of 1.3%.The report, The Quarterly Evolution of Resale Home Prices
, details the findings of a survey sample of 10,689 homes in Barcelona, roughly half of which are located in the city centre, with the other half located in 21 surrounding municipalities of the city. The analysis was conducted on a mixture of private sale figures and those reported by real estate professionals.
Spain Property Sale Market Still Very Strong
2007-08-17 17:42:00
From the recent past until now many property investors may have thought that property for sale in Spain
is not a good idea and that they should look elsewhere for good property investment. However, the research and certain happenings show that Spanish properties are still very strong and attractive investment for property investors.There may have been a real estate and property market correction in Spain after the real estate boom, but now again Spanish properties are in high demand, promising and again could be the next great real estate investment on the Mediterranean coast.
Read more: Market
, Strong
Development boosting Valencia property market
2007-08-22 13:28:00
The Spanish resort of Valencia
is enjoying strong popularity as it quickly develops into a major holiday destination, claims a real estate company. Valencia Property believe that ongoing work to improve the city's infrastructure as well as the expansion of low-cost flights to the region are helping to ensure booming property
values, increased rental yields and a healthy tourist industry.
Read more: Development
, boosting
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