Investors 'should not be put off Spain' People who want to purchase a Spanish investment property have been advised to not be put off by current market conditions.According to Shelter Offshore, the country's property market has been in a "bit of a mess" for more than a year, resulting in prospective buyers being deterred.However, the online portal said consumers should not be put off investing in Spain, as a lot of the ongoing problems could be used to their advantage.For example, Shel...
2009-01-30 11:58:17
Long-term outlook for Spain remains favourable An expert has insisted that the long-term outlook for Spain remains favourable, despite the news that the country is now in recession.Dr James Nixon, an economist at Societe General, stated that the European nation is currently undergoing a "very sharp" correction.Speaking to BBC News, he said this is reversing the effects of the sizable growth Spain has experienced over the last decade.However, Dr Nixon added that while this is "very painfu...
2009-01-29 14:26:34
Investors 'should not be put off buying in Spain' Foreign nationals have been urged to not be put off purchasing a Spanish investment property.Victor Sague, sales and marketing director for Taylor Woodrow de Espana, stated that the current economic downturn has led to many would-be buyers questioning whether investing in Spain is a prudent move.Indeed, the Bank of Spain has reported that the country is now officially in recession, following a 1.1 per cent decline in GDP in the final quarter of 2008.Mr Sag...
2009-01-29 14:22:48
Would-be expats advised on moving abroad Overseas property buyers who are relocating to sunnier climes have been advised to consider a number of issues when purchasing a residence.Shelter Offshore stated that while a person's budget may be important when buying a new home, other factors are also very important if they are planning to live abroad permanently.For example, the website said that expatriates would need to have good access to public services such as healthcare facilities, especially if...
2009-01-28 13:05:43
Would-be expats 'should not be put off moving abroad' Britons who want to move to Spain have been urged not to let negative media coverage put them off.Shelter Offshore stated that the press is being highly pessimistic amid the current downturn in the economy, to the point where people could be deterred from making lifestyle changes.Therefore, the website has insisted that popular expat destinations such as Spain still have a number of factors going for them, despite potential stumbling blocks including the w...
2009-01-27 15:29:10
Costa de la Luz recommended to visitors Visitors to Spain have been advised to look beyond traditional hotspots in favour of Costa de la Luz.According to the Mirror, the region is a much quieter and less spoilt alternative to popular resorts such as the Costa del Sol.The newspaper said this means that prices are often cheaper in Costa de la Luz.For example, it stated that the cost of renting a villa in the region is the same as the price of an apartment in the Costa del Sol.The Mirror went on to...
2009-01-27 15:28:43
Prospective investors drawn to Spanish market Spain has been identified as the most popular destination among would-be foreign property buyers.Research by Homes Overseas found that the European country attracted the most interest from web-surfing investors.This put it ahead of other traditional hotspots in Europe, such as France, Italy and Portugal.Spain was also found to be more popular than established English-speaking markets, such as Australia and the United States.Commenting on the findings, Home...
2009-01-26 13:31:23
Retired expats urged to plan finances Overseas property buyers who are planning to retire to their new home have been advised to plan their finances carefully.Ashley Clark, director of Needanadviser.com, warned that retiring abroad can be a financial "minefield" for those who are not properly organised.Speaking to the Independent, he insisted that long-term planning is essential, as issues such as pension earnings, tax and moving assets outside of the UK need to be addressed.In addit...
2009-01-26 13:29:33
Bargain prices 'may draw investors to Spain' The recent drop in house prices in Spain could lead to the country attracting bargain hunters from overseas, experts have stated.According to Obelisk International, the European country could be a sound property investment opportunity this year due to the relatively low prices on the market. The company stated that many property vendors are also becoming increasingly willing to consider low offers in order to offload their stock. This has prompted James Go...
2009-01-23 07:57:45
Investors told to research Spanish market People who are planning to purchase a Spanish investment property have been urged to research the market thoroughly. Bruce Wilson, tax partner with chartered accountant Campbell Dallas, said it is very important for buyers to find out as much as they can about their chosen destination.Indeed, he stated that Britons need to be aware of how the rules and regulations in Spain differ from those at home. Mr Wilson also recommended that people consider the reaso...
2009-01-23 07:54:56
Emigrating 'could allow Britons to escape recession' People from the UK could avoid some of the long-term consequences of the credit crunch by packing their bags and moving abroad.This is the view of Shelter Offshore, which said the government has created a "tax time bomb" by bailing out the banking sector.As a result, it believes British consumers are set to face a much greater tax burden at some point in the future, which means emigrating could be the best way of avoiding it.Shelter Offshore comm...
2009-01-21 13:56:57
Spain continues to attract foreign buyers Consumers in the UK and Ireland are still keen to purchase a Spanish investment property, according to a new study.A poll by Andalucian Dream Homes found that three-quarters of those polled are still looking to purchase a residence in Spain.This is despite the financial pressures many British and Irish people are experiencing as a result of the credit crunch.Commenting on the findings, the company said the European country is still one of the most popular ...
2009-01-21 13:56:21
Luxury property market holding up Affluent investors are continuing to snap up luxury properties overseas, analysts have revealed.According to Obelisk International, the economic slowdown across the world does not seem to be significantly hurting this segment of the market.Indeed, the organisation that the luxury market is showing great resiliency in the face of negative economic pressures.Countries such as Spain were said to still be attracting wealthy buyers, as this demographic have the...
2009-01-20 13:31:22
Spain recommended to property investors Overseas property buyers have been advised not to overlook potential investment opportunities in Spain.According to the Times, the European country is currently dealing with problems such as declining house prices and an economic recession.However, the newspaper stated that while some may consider this a disaster, others may see it as an opportunity.For example, it said many property vendors in the country are so keen to sell their stock that they are offe...
2009-01-19 11:56:01
Property values fall in Spain Spain experienced the first year-on-year decline in house prices in more than a decade during 2008.According to official government figures, property values in December last year were 3.2 per cent lower than they were 12 months earlier.The European country has not experienced a year-on-year drop in house prices in over 15 years, indicating the recent impact of the global financial crisis in the wake of its housing boom.However, a housing ministry official ...
2009-01-16 12:00:53
Renovating Spanish property 'could be lucrative' Foreign property buyers who invest in Spain could pick up lucrative returns if they renovate their new home.According to Casa Ganado, market conditions in the European country are gradually getting better.However, the organisation said many tradesmen in Spain are eager to find work and are therefore offering their services at a knock-down price.This, it stated, means that property buyers could potentially pay a relatively small amount of money on improving...
2009-01-15 11:59:17
Investors in Spain 'haggle for discounts' Prospective investors in the Spanish market could be able to negotiate a discount on their purchase.According to Mercers, some of the boldest buyers have been tempted to haggle with vendors to snap up a bargain.Since sellers are keen to get a sale during the current economic downturn, some have been very receptive and allowed customers to get more favourable deals.Chris Mercer, director of the company, stated that those who have not been willing to accommo...
2009-01-14 13:34:22
Spain 'will continue to attract Britons' The weakness of the pound is unlikely to dent the appeal of Spain among British holidaymakers, an expert has said.According to travel specialist Simon Calder, the European country is likely to hold onto its status as the main hotspot for people from the UK.This, he insisted, is despite the fact that sterling has been steadily losing value against the single European currency."Spain is going to retain its position as our absolute favourite country,&quo...
2009-01-14 13:32:55
World Cup 'could boost Spanish property market' The Spanish housing market could be set to benefit from the country's bid to host the Fifa World Cup in 2018.Spain is aiming to host the football tournament in conjunction with its Iberian neighbour Portugal.According to property analysts Silverman and Smith, the bid represents a welcome piece of good news for the country, as it is currently coping with an economic downturn.Anne Silverman, spokesperson for the group, told Property Wire: "If Spain is s...
2009-01-13 13:17:45
Spanish repossession properties recommended to investors Investors who are looking for opportunities in the Spanish market have been pointed towards repossession properties.The economic crisis in the European country has led to many people being forced to leave their homes, amid a climate of tumbling property values.As a result, real estate firm Property Abroad believes foreign investors could be well-placed to buy a top-quality home at a knockdown price.Liam Bailey, chief market analyst at the group, commented:...
2009-01-12 13:23:03
Scottish holidaymakers flock to Spain Spain's rental market received a significant boost from Scottish holidaymakers last year, according to new figures.Data from airport operator BAA revealed that Spain was the most-visited destination among those flying out from Glasgow, Edinburgh and Aberdeen in 2008.The European country attracted over 1.2 million passengers during this period, with areas such as the Costas proving to be especially popular.Donald Morrison, spokesman for BAA Scotland, commen...
2009-01-09 11:28:49
Spain should not be overlooked, say property experts Foreign property buyers should not be put off the Spanish market by recent house prices reductions.The Spanish Property Owners Guild recently predicted that values are likely to fall by about 15 per cent this year.However, Property Abroad believes that this does not mean investors should avoid looking at the country.Liam Bailey, chief market analyst at the portal, said this is because they could be well-placed to get a good deal in the current climate.He c...
2009-01-09 11:28:05
Spanish property sellers advised to cut asking prices Property vendors who are willing to make compromises with their asking prices could be most likely to sell their stock in Spain.According to Martin Dell of Kyero.com, sellers need to respond to the changed economic circumstances if they wish to offload their portfolio, as the country is now a buyer's market.While Mr Dell admitted that he can understand why some people are reluctant to drop their prices, he warned that they could be creating further problem...
2009-01-08 12:27:49
British expats head for Spain Demand for property in Spain is being boosted by a growing influx of British migrants, it has been revealed.According to official figures from the Spanish government, the European country is becoming more and more popular with expats from the UK, reports the Guardian.Indeed, statistics revealed that last year, the number of Britons registering as residents in Spain went up by 12 per cent last year.This tallies with statements from the UK Office for Nationa...
2009-01-08 12:26:34
Spain continues to attract British visitors Many leisure travellers from the UK are not letting the current economic situation put them off visiting Spain.The pound recently fell to an all-time low against the single European currency, prompting some Britons to book trips to non-eurozone countries with better exchange rates.However, Lee Hayhurst of Travel Trade Gazette said Spain's tourism industry is holding up in the face of various economic pressures.Speaking to BBC News, he commented: "Desp...
2009-01-08 12:24:48
Spain 'will attract more buyers in late-2009' A real estate company is forecasting a surge in the amount of interest in property in Spain later this year.Spanish Hot Properties believes that demand for a residence in the European country will grow during the second half of 2009.According to the organisation, this is because many foreign buyers will be seeking to take advantage of recent reductions in house prices.Susana Suspenda, marketing and operations manager at Spanish Hot Properties, commented: &...
2009-01-07 13:47:29
Foreign property buyers continue to favour Spain Negative media coverage of the downturn in the Spanish housing market is not putting people off buying property in the country.According to real estate firm Taylor Woodrow de Espana, the European country is still the most popular overseas property market among people from the UK.The company attributed this to a number of factors, such as its affordability, excellent weather and close proximity to Britain.Victor Sague, sales and marketing director, commente...
2009-01-07 13:45:38
Spain 'offers bargain properties' Overseas property investors have been told they could snap up a bargain in Spain if they act swiftly.UK-based newspaper the Times stated that house prices in the country have come down by a "significant" amount in the last year.This trend was said to have been partly fuelled by a glut of unsold homes in coastal areas, particularly in those places which are popular with Britons.As a result, it has said that buyers from the UK could be well-placed ...
2009-01-06 12:42:27
Spain keeps attracting British property buyers Many overseas property buyers in the UK are continuing to look towards Spain, according to industry experts.The Spanish Property Owners Guild stated that factors such as the country's "great" climate and friendly people are helping it to maintain its appeal throughout the economic downturn.Paul Bradley, spokesperson for the organisation, added that Spain's close proximity to the UK is also making it highly attractive to Britons.Indeed, he describ...
2009-01-06 12:41:21
Investors urged to read up on rules and regulations Foreign property buyers who are investing in Spain have been urged to consider the country's various rules and regulations.According to The Move Channel, investors need to be familiar with the laws of their chosen destination before committing to a purchase.For instance, it advised them to be aware of issues such as the type of mortgage products on the market, as well as the different ways in which they can raise finance.The company stated that having a go...
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