Thursday, May 29, 2008

Tenerife, Malaga and Alicante the popular Spanish destinations

Spain is continuing to attract holidaymakers and foreign property buyers from the UK. Robin Hood Airport Doncaster Sheffield has highlighted the continuing popularity of Spanish destinations and Spain is flagged up as one of the most popular destinations for British investors and lifestyle buyers.

The UK's newest international airport released new figures indicating an increase in passenger traffic to Spanish destinations. Tenerife, Malaga and Alicante are the top three destinations. Due to high frequency of flights the leisure travelers in UK are enjoying easier and more frequent access to the popular Spanish holiday resorts. These are good destinations for overseas property buyers to think about, as this means there are good transport links with Britain and demand for rental accommodation.

Budget airlines easyJet has revealed that Malaga and Alicante are set to attract lots of British tourists after the Easter season.

The total number of passengers to have used the airport to 1.75 million since April 2005 and passenger numbers have increased to 13% from the previous year. David Ryall, managing director of Robin Hood Airport has said that passengers and destinations in Spain are increasing due to high demand.

Spain’s tourism ministry official figures states that 3.3 million people visited Spain till February 2008. The figure is 6.5 per cent more than last year. The increase in numbers suggests that demand for tourist accommodation has also gone up. Therefore, many owners of rental accommodations in Spain will find themselves in line to enjoy higher occupancy rates and better rental yields. In addition, property in key locations could potentially go up in value due to the growth in tourism.

Monday, May 26, 2008

UK property slowdown increases demand for Spain property

The slowdown in the UK housing market means that purchasers are increasingly looking for property in Spain.

Terry Walker, chief executive of Propertyinspain.net, explained that UK purchasers are increasingly realizing that property in Spain is of exceptionally good value at the moment. He added that investors might find it easier to get mortgage in Spain than they would in the UK and also Spanish property was relatively easy to sell.

He has commented that British purchasers clearly identify the bargain and also the state of the UK economy is having an unforeseen effect. British purchasers are already familiar with Spanish property market and they know the bargain areas.

He added that The Bank of Spain has claimed that they have a surplus and sufficient money to fund credit demand. On the contrary, the Bank of England does not have surplus money. This means that mortgage availability for property investors is better than in the UK.

Sunday, May 25, 2008

Spanish 'versatility' attracts more Britons

Jill Rutter of the Institute for Public Policy Research stated that growing number of people from the UK are choosing for overseas migration. Spain is one of the most popular destinations for British investors and lifestyle buyers and is due to its good weather, relaxed lifestyle and the chance to live or holiday together with the fellow Brits.

James Dearsley, European sales director for Atlas International, explained that property in Spain does offer a steady return even last year which was considered to be bad by the property experts; Spain increased seven per cent in its property prices in 2007. Spain appeals to different groups of property purchasers, such as holiday home buyers for personal use and property investors.

The popularity of Spain is due to its versatile properties and lifestyle attractions that are extremely favorable to a high standard of living. Spain offers hot and sunny weather for most of the year, unlike the UK. ShelterOffshore.com recently highlighted its high living standards, laidback lifestyle and relatively low cost of living. Spain is also easily accessible from the UK, thereby allowing expats to stay in touch with their friends and family back home.

This comes after that recent statistics from 'The Typically Spanish' website which revealed that the number of expatriates who now reside in Spain permanently has reached four million.

Friday, May 23, 2008

More Newcastle travelers are flying to Spain


British property investor's inquisitiveness in the Spanish market is increased following the launch of new flights from Newcastle.

Budget airlines easyJet is now providing passage between Newcastle and Murcia three times a week. This means that leisure travelers and property investors in Newcastle can enjoy easier and more frequent access to the Spain. The easy accessibility have "greatly widened" the network of travel for people who live nearby. As a result, it expects to carry about 41,000 passengers on this route during its first 12 months - a development which suggests demand for rental accommodation in Murcia could increase over this period.

David Osborne, easyJet UK General Manager has commented that Murcia has already established itself as a popular tourist destination from other easyJet bases in the UK and now independent travelers from the North-East will benefit from the new service from the Newcastle base.

Spanish Property Owners Guild has recently said that Spain has a number of attractions which are very tempting to British people which includes its fantastic year round climate, easy accessibility from the UK and affordability. The Post Office has recently revealed that Spain is actually the cheapest place to holiday within the Eurozone.

The introduction of new flights between Britain and Spain could be a positive development for potential purchasers of rental property overseas, especially since visitor numbers are expected to increase.

Thursday, May 22, 2008

Off season to be highly lucrative for rental investors in Spain

Owners of rental accommodation in Spain could be set to see high demand during the off-season this year. Cheapflights.co.uk has said that vacationers could potentially save money if they go abroad during the so-called shoulder season, period between peak and off-peak period. Francesca Ecsery, general manager of Cheapflights.co.uk has said that if travelers really want to get more for their money, they need to consider the timing of the travel.

Brit's still wanted to go abroad holidaying this year, albeit they are facing financial constraints such as an increased cost of living. Cheapflights.co.uk has stated that if people are going to Spain in off- peak season prices could be lower. Rick Green, chief executive of Flyglobespan has commented that evading the freezing weather is no longer a luxury that only the rich can experience as many budget airlines operates weekly flights to Spain and tourists from the UK can snap up bargain trips to Spain in off season. Many rental investors in Spain are likely to find the approaching off season to be highly lucrative.

According to Abbey Credit Cards, the cost of rental accommodation in Spain is significantly lower than rentals in Cyprus and Portugal. Additionally, the cost of living in Spain will be higher for Britons this summer as the pound has slumped to a record low against the Euro. Experts recommend Shoulder season to be a smart time to travel, as it means vacationers can escape the bustling crowds and benefit from a comforting break.

Sunday, May 18, 2008

Spain attracts Irish sun seekers

Spain is continuing to attract holidaymakers from British Isles in spite of ongoing economic concerns, experts have revealed.

Freedom Direct, Online travel agency reported that tourists from the British Isles are continuing to grab bargain trips to places such as the Spanish Costas. Nick Jackson, spokesperson for Freedom Direct, has said that Holidays in Spain is the invincible favourite for families in the summer time.
Spanish holidays
Recently Aer Arann launched new jet services to the destinations of Malaga and Faro from Galway and Waterford airports last weekend. These new Aer Arann routes offers vacationers and property investors with the handiness of straight services between the South East and Western regions of Ireland to the summer sun destinations of Spain.

Garry Cullen, Managing Director, Aer Arann has said that Spain is popular destinations for Irish tourists. Aer Arann's flights to Malaga and Faro have proven very popular, as the first flights over the May Bank holiday weekend were full. Experts predict that the overall number of holidaymakers from British Isles is likely to increase again this year.

According to the recent press release from budget airline easy Jet, flights to Alicante have been in particularly high demand, along with Malaga. Also, it revealed that many people are planning to take city breaks to Barcelona in the next few days. This suggests that for investors who plan to purchase a rental property in Spain could be potentially lucrative.

Official government figures have revealed that the overall number of holidaymakers in Spain went up by 1.7 per cent to more than 59 million last year.

Saturday, May 17, 2008

Barcelona - City Information

Barcelona is the second largest city in Spain in both size and population with a privileged position on the northeastern coast of the Iberian Peninsula and the shores of the Mediterranean. Barcelona is also the capital of Catalonia, 1 of the 17 Autonomous Communities that make up Spain. The city is indisputably a Mediterranean city, not only because of its geographic location but also and above all because of its history, tradition and cultural influences. Barcelona gained international recognition in 1992 by hosting the Olympic Games which brought a massive boost to the tourism industry in the city. This impacted the city in ways that are still felt today with neighborhoods renovated and the deep focus of modern design permeating all aspects of life in Barcelona from community buildings to something as simple as a bus stop or a park bench.

There are various theories for the origin of name Barcelona; it was thought to come from the ancient Phoeneican Barkeno, attested in ancient Greek sources in a coin inscription in Iberian script. The city was variously known as Barchinona, Barçalona, Barchelona, and Barchenona in the middle ages.According to some sources, the city has been named after the Carthaginian general Hamilcar Barca, who was supposed to have founded the city in the 3rd century BC.

History

The beginning of Barcelona is the subject to debate and there are 2 different legends. The mythological Hercules was said to be the founder of Barcelona 400 years before the building of Rome, according to first theory. The second legend attributes the beginning of the city directly to the historical Carthginia Hamilcar Barca, who named the city Barcino after his family, in the 3rd century BC. The Romans arrived on the 1st century B.C. and chose Tarraco (current Tarragona) as their first capital and changed their capital since the 3rd century A.D. Barcino (Barcelona). Left overs from this period can still be found in Barcelona particularly in the Gothic quarter and Plaza del Rei.

The Visigoths occupied the city After the Romans and changed its name to Barcinona in the 5th century A.D. Barcinona was occupied by the Moors during the 8th century remaining under their control for another 100 years until the Franks conquered the city again. The Spanish Re-conquest began in this zone, which became known as La Marca Hispánica (the Spanish Marches). The region was divided into Counties in this period and the most important of which was the County of Barcelona. Wilfred the Hairy, The Count of Barcelona gave origin to the Catalan nation establishing a hereditary system of succession. Count Borrell II achieved freedom from the Carolingian empire in the year 988 for the Barcelona County; later on, the County expanded forming the region which would be later known as Catalonia.

Barcelona was banned from trading with the American colonies, after the union of the kingdoms of Aragon and Castile. During the following years, conflicts raised between Barcelona and Madrid. During the Industrial Revolution in the 19th century, The city began to gain importance again and it was the seat to the World's Fair in 1888. Demanding more political freedom and boosting its cultural identity, Catalonia returned to its nationalist pretensions in the 20th century. However, political repressions during the dictatorship of Franco hampered the independence of Catalonia. Catalonia recovered its political authority after the government of Franco and the city of Barcelona became one of the most important and attractive in Spain.

When to visit

August is perhaps the busiest time in Barcelona; however most of shops and restaurants can be found closed from mid-August to early September, as a vast majority of Spaniards go on vacations. Visitors can find cheap accommodation and a much quieter city as locals go on vacation in August. Business is low and hotels that remain open will not have their business customers so they tend to lower prices and make offers. Barcelona has fairly enough beaches and there will still be plenty of tourists. Barcelona is a lovely city in off-season and in winter months of January and February as long as the possibility of rain is low. Though the humidity in summer can be debilitating, 19-23°C is considered comfortable weather, which is normally the temperature in June and in late September-November. This is the best time to visit the city.

How to go to Barcelona?

Barcelona International Airport is also known as El Prat, is a major transport hub and hosts flights from all over Europe and beyond. The airport is only about 10 km away from the city center with two terminals, T1 and T2, the latter with A, B, and C subdivisions. T1, the newest terminal hosts Spanair and various major international airlines. Sectors A, B and C of T2 are all within fairly easy walking distance of each other. T2 C is smallest and used for all domestic flights. Several trains per day (including overnight hotel trains) reach Barcelona from other parts of Europe are regular & reliable. Main railway stations in Barcelona are Barcelona-Sants (to the south west of the center) and Barcelona-Estació de França, Avinguda Marquès de l´Argentera (on the edge of the old town). There are several connections per day to France connecting there on trains towards Nice and Marseille. Barcelona port is one of the busiest on the Mediterranean and hosts both ferries and cruise ships. Large cruise ships come in 1-2 kilometers to the southwest. Visitors can arrive to Barcelona by boat from the Balearic Islands, from Rome and Genoa in Italy.

Festivals and events
Barcelona hosts a number of annual festivals and events, many of which are unique to Catalonia which offers an insight into its characteristic culture.
  • Festival de Sonar (mid-June): An annual three-day music festival which consists of technology fairs during the day and music events by night. Hugely popular so book. The festival runs for three days and nights, usually starting on a Thursday in the third week of June.
  • Dia de Sant Jordi (23rd April): This is a wonderful day to be in Barcelona celebrated in remembrance of St George who is the patron saint of Barcelona and the Ramblas becomes a huge flower market. Men give women a rose reminiscent of St Valentines Day and women give men a book in tribute to Cervantes and Shakespeare.
  • Festes de la Mercè. This is Barcelona's main annual festival with several events taking place from 22nd September including competitions to see which group of 'castellers' can form the highest human towers. There are also processions of wooden giants, live music events and firework displays as well as lots of live music events, unbelievable firework displays and heavy consumption of Cava, the national drink of Catalonia.
  • Festes de Gràcia. The Festes de Gracia is a Catalonian week long festival in the streets of the Gracia neighbourhood where a full scale party takes place with lots of live music, fireworks and heavy drinking. The festival is held around the 15th of August each year to commemorate the Assumption. The city of Gracia explodes with fun, excitement, fireworks, live music, food in the street, and the parties continue all night.
  • Festes de Sants: this festival is Similar to Gracia's event, but smaller and held in in August. If you can't go to the Gracia's, try going to this festival instead.
  • Corpus. (Corpus Christi day): carpets of flowers, processions and a 'dancing egg' (An egg is put over the fountains and "magically dances" over the water). Cathedral's cloister, Santa Anna, Casa de l'Ardiaca, Museu Frederic Marés are the main places where the festival can be enjoyed.
  • Fira de Santa Llúcia: to commemorate Sta Llúcia (December 13th), the festival is celebrated from December 2nd to December 23rd. December 13th is the feast day of Santa Llucia, patron saint of fashion designers and blind people. the Christmas objects are sold in front of the Cathedral and Some places sell Christmas trees, but most of them sell elements for making the pessebres, the representations of the birth of Jesus that people uses to put at home.
  • Revetlla de Sant Joan. This midsummer solstice celebration is signified by the fireworks (note that there are frequent and loud amateur fireworks all night long) It is celebrated on 23rd June every year.

Public Holidays in Barcelona (2009)

There are also local and national holidays which might take place during your visit apart from the festivals listed above. During such holidays, the effect on opening times of tourist attractions will vary so it's best to check the official websites. The main shops and banks will close on public holidays however many tourist businesses, bars and restaurants are unaffected.
  • 1st January - Año Nuevo / New Year's Day
  • 5th January - Epifanía / Epiphany
  • 19th March - Dia de San José / St. Joseph's Day
  • Late March or early April - Jueves Santo / Maundy Thursday
  • Late March or early April - Viernes Santo / Good Friday
  • 1st May - Fiesta del Trabajo / Labour Day
  • 15th August - La Asunción / Feast of the Assumption
  • 12th October - Nacional de España / National Day
  • 1st November - Todos los Santos / All Saints' Day
  • 6th December - Dia de la Constitución / Constitution Day
  • 8th December - La Inmaculada Concepción / Feast of the Immaculate Conception
  • 25th December - Navidad / Christmas Day

Things to do in Barcelona

  • Wander along the famous streets:
  • La Rambla, a gorgeous tree-lined pedestrian walkway, the busiest and most lively street of the city. Often called Las Ramblas, because it is in fact a series of several different streets each called 'Rambla de ____', the sections also have distinct feels.
  • El Portal de l'Àngel. Large pedestrian pathway with many new and trendy shops to browse in.
  • La Plaça Catalunya. This connects all the major streets in the city and is also known for its fountains and statues. This is the central and a favourite meeting spot for locals.
  • Cruise miles of beachfront boardwalk or Sit on a wooden bridge to Maremagnum and cool your toes at the waters edge. Stroll across the sand on the beach every Sunday night throughout the summer for live music, drinks and swimming.
  • Stroll along the Barri Gotic, mostly intact medieval center of the city.
  • Enjoy the Sangria at La Plaça Reial, near the La Rambla Street. Check out a Flamenco show at Los Torantos bar for just 7 euro. Admission is €7 (2009 prices) for a 30 minute show of flameno song and dance. Visit a Flamenco Show in Tablao de Carmen which is situated in Poble Espanyol and offers a spectacular flamenco evening. The entrance fee (€31)
  • If your accommodation is on Rambla, Walk in Born, a very popular area with great restaurants and places to have a few drinks.
  • Ride the Cable Way to get from the sea front to Montjuïc Mountain. One-way ticket is €7.50 Explore Montjuïc and its green surroundings.
  • Join a Bike tour or Rent a bike and get to see the highlights of the city in a different way. Sail 3 hours to see Barcelona from the sea. Together with professional skippers with proven experience, visitors can practice costal sailing in all its aspects.
  • Parc del Laberint d'Horta. The park is quiet place to relax for several hours away from the busy city. The park also has a nice waterfall, a dreamy canal and gardens. Enjoy the labyrinth in the center of this park.

Shopping in Barcelona

Barcelona is without doubt one of the world's most fashionable cities in all aspects and there are a large number of antique shops, fashion boutiques and shopping malls in the city. Barcelona shopping tends to offer excellent value for money due to the general low cost of living in Spain. When you want to go shopping in Barcelona you have to keep in mind that most shops are not open during lunchtime/siesta. Most shops in Barcelona open Monday to Saturday and close between 13:30 to 16:30, staying open until 20:00, or even later. On Sundays, most shops don't open their doors.

The best Barcelona shopping areas are in and around the old streets off the upper part of the Ramblas and the area around the Placa fr Catalunya, Passeig de Gracia, the Rambla de Catalunya, Avingunda Diagonal and around Turó Park. Santa Eulalia, Jofré, Comella and Bua are well-known luxury boutiques. The best boutiques can be found on the Paseo del Borne and calle Rec.

Nightlife in Barcelona

Considering it's only Spain's second biggest city, Barcelona may lack the diversity of the London or the experimental Berlin nightlife, however it certainly packs a helluva party punch and visitors can find more than enough going on after the sun goes down. There isn't one area to sample Barcelona's nightlife but rather a whole host of happening neighborhoods to check out. Las Ramblas is a natural starting point for newcomers with the street performers are still playing their trade in evening and the pavements throng with locals and tourists heading out for drinks and dinner. It has plenty of bars and restaurants like the Boadas cocktail bar, the Kiosk La Cazalla, and Boulevard Club to name a few.

For the more genuine local venues visitors have to negotiate the labyrinthine alleys of the Gothic quarter. Plaza real is a great place to familiarize in this neck of the woods, with famous clubs like Jamboree, Tarantos and Sidecar perennial faves. For a slightly more stylish slice of Barcelona's nightlife, try the equally appealing, but slightly less touristy, El Born. There are stylishly-attired nightowls crowding into cafes and bars. A similarly alternative vibe prevails in Gracia and there are many fine bars, or else just visitos can hang out on the many squares with a tinnie. For a more upmarket experience, hail a cab for the Port Olimpic with your best glad rags.

Friday, May 16, 2008

New research reveals Spain as Top Retirement Destination

The TypicallySpanish website revealed the official figures from the National Statistics Institute that more than 4 million expatriates now legally reside in the country full-time. According to the official statistics, nearly two-thirds of expats are based in Madrid, Valencia, Catalonia and Andalusia.

Spain - retirment destination

About four in ten people are said to come from countries in the European Union.
More than 2 lakh people from the UK are found now to be living in Spain. On the other hand, one in three expatriates is from Latin America, while a fifth of foreign residents are from Africa.

Recent study by Currencies Direct has showed that Spain is the most popular destination for Britons who want to retire to the sun. Mark O'Sullivan of Currencies Direct commented on Spain's popularity saying that the country has a lot to offer, including a plenty of expat communities.

The popularity of Spain as a retirement location is said to be largely because it offers several lifestyle attractions that are extremely favorable to a relaxing and pleasant retirement particularly it offers hot and sunny weather for most of the year, unlike the UK. Besides, it highlighted for its high living standards in relatively low cost of living and for its laidback lifestyle.
Analysts at ShelterOffshore.com has stated that Spain is also highly accessible from the UK, thereby allowing retirees to stay in easy reach of friends and family back home.

This comes after the recent research by NatWest which found that Spain is rated particularly highly by expatriates, with nearly nine out of ten respondents saying that they feel healthier after the relocation.

Wednesday, May 14, 2008

New Research Reveals Spain popular with UK investors

Recent study published by Globaledge.co.uk reveals that the Spain is continuing to attract British investors and holidaymakers and the most searched overseas property destinations by UK internet users despite ongoing economic concerns.

The data was taken from the Wordtracker UK database till 6th May and they studied the most popular 200,000 searches containing the word "property" till 6th May 2008. The research confirmed that the properties in Spain are the unbeatable favourite for British investors.

Properties in Spain are top of the list and it accounted for over 10% of total searches, and the list is sprinkled with several Spanish towns and coastal names. Obviously locations of Costa Blanca and Costa del Sol are the most popular regions; the attractiveness of the Canary Islands is also a most attention-grabbing finding of this research. There is significant search volume even at local level with Lanzarote, Tenerife, Caleta de Fuste all making the top 100.

This was said to be largely because Spain offers numerous lifestyle attractions that are highly conducive to a relaxing environment, hot and sunny weather for most of the year, unlike the UK, high living standards and the reasonable price of goods and services. ShelterOffshore.com has reported that Spain is famed for its laidback lifestyle and relatively low cost of living.

Saturday, May 10, 2008

Design your own dream villa in Spain


Buying a new home can be a daunting experience at the best of times and buying abroad can make the experience even more daunting. Overseas housing market is flooded with wide array of off plan developments, conventional town houses, resale property, villas and a selection of building plots on which we can build your dream home. Every aspiring overseas buyer has a design of their perfect home. Casas de Lorca, Spanish property specialist is offering buyers the chance to have possession of and plan their own exclusive villa in the heart of Spain without the irritation of refurbishing a worn out finca.

Mike Hamilton, sales director of Casas de Lorca, gives us certain tips to designing your own villa in Spain: He has said that there are 3 basic considerations, and they are the location, design or layout and materials.

Choosing the location for your home can immensely influence the feel of the property. Designing the villa around the natural aspects is very important. When choosing homes on a plot with magnificent views, you have a good start for designing your house. Walls of glass and whole windows in the right places make breathtaking views. The layout of the house is enormously important. A good house is split sensibly between the day time and night time areas. Say no to Bedrooms coming off the living room. Casas de Lorca has an expert design team to assist the buyers. Casas de Lorca has literally hundreds of different types of tiles, stone window surrounds, different type of wood for the doors and en suite wardrobes, types of door handles etc.

Casas de Lorca focuses in sourcing the best locations, helping in the best villa designs to maintain a consistency throughout the property and also decorating with best materials. With all three in right proportions buyers will have a property which is a cut above the rest. For more details, visit www.casasdelorca.net

Overseas investors should consider Spain's regional variations

The Telegraph stated that Spain has a fully developed property market; there are massive regional variations which can often give the wrong impression and people should consider the property market in Spain as places with different trends and attributes.

Spain is a diverse country and there are big regional variations where local supply and demand forces have a big impact on growth. The local dynamics can have an effect on performance more than common market forces. Real estate prices increased most in the province of Granada (8.5%) and Murcia (8.1%), and followed by Madrid (1.8%) and Alicante (3.3%).

According to Kyero.com, a leading Spanish property portal that publishes a Spanish Property Price Index has reported that asking prices fell by 2% in 2007 and the average asking price for 2-bed properties fell by 8.3% while asking prices for 4-bed properties rose by 3.8%. Figures from Sociedad Tasacion, one of Spain’s largest appraisal companies shows that average new build prices in Spain’s provincial capitals increased by 5.1% in 2007.

Property prices on a quarterly basis (when comparing Q4 2007 and Q1 2008 till March) has increased in certain provinces like Huelva (3.9%), Seville (3.6%), and 3.4% in Valencia, but fell in certain places like Murcia (-0.2%), Alicante (-0.8%), and Castellon (-1.3%). So Overseas property buyers should do their homework and consider regional variations in the Spanish market.

The Telegraph has reported that overseas property buyers consider Spain more of a "lifestyle destination", which means that people chose to purchase property there in order to enjoy themselves rather than reaping financial rewards. Spain continues to appeal for the overseas property investors for its beautiful coastline, sunny weather all year round, easier accessibility and a significant ex-pat community who are well catered for. There are enough fundamental reasons for the overseas investors to continue to enjoy Spain and many of the economic pointers look good.

Paul Bradley, spokesperson of Spanish Property Owners Guild remarked about Spain’s appeal that it will always continue to be popular.

Tuesday, May 6, 2008

Two Spanish villas worth same as a flat in London

The average capital value of rented houses in London has risen by 10.7% in 2008. This includes 12.4% in central London and 15.5% in the rest of the South East. The recent figures from A Place in the Sun suggest that the average price of a flat in London is worth the same as two Spanish villas.


A characteristic London apartment costs approximately £304,000. This means Londoners have to think about moving abroad to get more for their investment because for the same investment they can get two homes in Spain. For instance, two-bathroom, a three-bedroom villa on the Costa Blanca is priced £146,000 and a one-bedroom apartment in Almeria, costs an average of £163,000.

Even though the cash value of rents received by investors has kept pace with inflation in London, recent study by VillasforTravel suggested owners of tourist accommodation in Spain has collected the highest rental returns in Europe last year. Spain has the most potentially lucrative markets for investors who plan to purchase a rental property. Spain as a "lifestyle destination", rather than a place where people wanted to make a fortune.

Official government figures have revealed that the overall number of holidaymakers in Spain went up by 1.7 per cent to more than 59 million last year. Moreover Spanish government has been encouraging the buy-to-let industry by introducing a number of new financial incentive schemes.

Bond's location Costa de la Luz attracts more investors


Overseas property investors have been recommended about buying a glamorous home in one of 007's most unforgettable settings in Spain.

The James Bond 2002 movie Die another Day, which starred Pierce Brosnan, in which Halle Berry's replica of Ursula Andress's bikini-clad appearance from the sea, which brought newborn glamour to this fantastic and one of the oldest in Europe which is so far overlooked by most British buyers on southern Spain's Costa de la Luz.

The Telegraph reported that locations that were considered exotically remote earlier due to the advertisement in bond movies have now become a list of overseas hotspots. The famous inclusion of this area in the film has raised awareness of this exotic location and Prices are soaring in the past two years.

Playa la Caleta in Costa de la Luz was the setting for the scene in the movie and it is few minutes drive from Cadiz's old town. Spanish buyers prefer the beachfront apartments on the town's outskirts and the Brits tend to flock Chiclana, coastal town with good valued properties.

Friday, May 2, 2008

Spanish beaches getting make over

Tim Hodges, director for property company Homesearch in Spain has said that regardless of recent doubts of a housing market crash, Spain still signifies a good market for long-term investment. HIFX has reported that Spain is seen by many as the ultimate retirement choice for its enviable climate, good healthcare system and its reputation for a relaxed lifestyle.


Expatica, Europe's leading lifestyle portal has reported that Spain's renowned coastline is being steadily revamped as according to tourism statistics 30% of tourist visit Spain for its fabulous beaches. The illegally built homes and beach bars, unnecessary jetties and industrial buildings are demolished. Spanish law states that beaches are considered public property and construction is banned within 100 meters of the coast, but the law is often defied by construction companies.

The Coasts Authority in the Ministry for the Environment has commissioned a report into coastal planning from Punta Carnero in the province of Cadiz to Almeria, carried out by the Alatec Consultancy, in which illegal construction on the Malaga coastline is analyzed.
Jose Fernandez, the head of the department, said that 12 of the demolitions were in the Almeria province, with nine in Murcia.

The construction along the most delicate parts of coastlines which have been blighted by property developments since mass tourism first arrived in Spain are monitored closely. The plan is an effort to save some of the most beautiful coastlines from further developments. Experts suggest that the makeover will add value to existing properties and also it would be aesthetically pleasing.

These areas be planned all over again, and this will be the chance to do it in a balanced way, taking the environment into account much more than before. The Spanish government is also acquiring a number of properties as part of its campaign to save its world famous beaches. Spain's sunny climate, fabulous beaches and welcoming people has attracted more immigrants than any other country in Europe

This comes after the Spanish newspaper SUR revealed that Spain generated huge interest during the recent Homebuyers and Property Investors show in London.

Thursday, May 1, 2008

Welsh tourists to Spain are on the rise

Spain looks set to attract more visitors from Wales this summer after the country is opened up by new flights. bmibaby has announced another new route from Cardiff International Airport to Barcelona and it will start on 24th May 2008 with weekly 2 service operating on Tuesday and Saturday and from June the service will increase to three times, with an additional service on Wednesday.

Crawford Rix, managing director, bmibaby has said that the new services are launched due to the unprecedented demand for low fare flights. This announcement comes shortly after Ryanair revealed that it is to offer new services from Edinburgh to Palma and Malaga. This will help attract investment and improve connectivity to Wales and Spain.

Rental accommodations in Spain could be set to witness a surge in occupancy rates after the country is opened up by these new flights and will generate higher returns for property owners. This could be a lucrative investment for investors who are looking at purchasing a rental property overseas, especially since visitor numbers are steadily increasing. Holiday-Rentals findings have revealed that almost a third of European properties owned by UK-based buyers are in located in Spain.

According to the Civil Aviation Authority, passenger numbers on flights between the UK and Spain went up by 600,000 in 2007.