Friday, October 23, 2009

Brits never had it better with Spain property

Those searching for a holiday home in Europe could find that now is a good time to invest in Spanish property due to the falling house prices in many regions and hitting historically low levels.

According to Kyero.com, a new report released by Valencian real estate firm Jimenez de Laiglesia revealed that prices of Spanish property could have been overvalued by as much as 37 per cent at the peak of the housing boom in 2007. The property prices have fallen by around 15 per cent since this point which could see Brits searching for a home in the country able to get their hands on a bargain.

The report also added the potential positives which could come as a result of this economic downturn. Housing affordability in the country has improved, with the level of household income people need to spend on buying a home falling from 51 per cent in 2008 to 31 per cent this year.

The Association of British Travel Agents (ABTA) has opened the Travel show on October 5th in Barcelona and according to Director of the Spanish Tourist Office Ignacio Vasallo the show assists the Brits with choosing the best area to buy a home in. The event has been held in Spain for the past four years in a row, with conference attendees travelling to Gran Canaria last year.

In news that could be of interest to those who own Spanish property which they rent out to tourists - Expatica, the travel website have noticed a difference in the way that Spain is marketing itself as a destination as the country is "seeking to upgrade its image" and is working to attract wealthy tourists and discerning visitors to take a break in Spain. The website noted that instead of focusing its holiday advertising on "overcrowded beaches in concrete jungles", tourist authorities are now aiming advertise about the lesser known jewels of Spain - including its great food and historic sites.

Thursday, October 22, 2009

Spanish property on the Camino route could be attractive

Those considering buying Spanish property could be interested to learn of the sights and attractions on the Camino de Santiago de Compostela pilgrimage route which could be particularly attractive in the coming year as the region celebrates a Holy Year.

According to Scottish tour operator Macs Adventures, While 100,000 people take to the hiking trail in an ordinary year, in 2010 the figure is expected to more than double. The Camino de Santiago de Compostela, also known in English as The Way of St James, is a collection of old pilgrimage routes which cover all Europe. The pilgrimage to Santiago de Compostela, in what is now Galicia, of the tomb of the Apostle James the Great sometime early in the 9th century. They all have Santiago de Compostela in North West Spain as their final destination and in 1987 it was declared the first European cultural route by the Council of Europe.

The main Camino route is the Camino Frances. This part of the Camino de Santiago traditionally starts in St Jean Pied de Port and finishes in Santiago de Compostela about 780km later, after traveling the breadth of Northern Spain and Portugal, and many more distant points in France, Germany, and further afield. There are many quieter routes are developing rapidly, several of them by now perfectly viable alternatives to the traditional route. Spanish property anywhere along the trail could allow enthusiasts of the region to become involved in the festivities.

According to Kate Kenward, executive director at AITO, British find that taking a trip to Europe at a quieter time of year could make visiting cities and other attractions "a joy".

Taking a trip at a time when fewer tourists are choosing to travel could give Brits the chance to enjoy areas in Europe more and could also see them able to choose from a wider range of properties in Spain.

Thursday, October 8, 2009

Formula 1 in the sky! in Barcelona

Sports enthusiasts seeking Spanish property may be interested to know that the city of Barcelona has been recommended for an action-packed aerobatic adventure.

The Grand Finale of the 2009 Red Bull Air Race World Championship takes place in Barcelona on 3rd and 4th October and the world's best pilots compete against one another in a race based on speed, precision and skill. The first fully fledged Red Bull Air Race World Series took place in 2005 in seven world venues worldwide. This has now expanded to eleven locations this year including Barcelona and involves 11 of the world's top fliers.

This event is thrilling due to the proximity of the crowds to the event. Standing at the water's edge in Barcelona puts visitors so close to the action that they really get to see the amazing skills of these pilots. The competition involves air racing and it's like Formula 1 in the sky! Where the aim is to fly around a demanding aerial obstacle course as quickly as possible. Pilots are timed individually as they navigate a tricky slalom course made up of 60ft high 'air gates' which may make Spanish property hunters happy to keep their feet firmly on the ground.

Potential Spanish property buyers from the UK may find they have a special interest in the event, as Britain's Paul Bonhomme currently leads with 55 points and Hannes Arch of Austria with 51 points will be contending for the title of World Champion 2009.

In news of interest for Barcelona property investors, Barcelona city council is to increase the services on offer to residents via SMS. Residents will, from October, be able to receive reminders of appointments at the tax office, housing and citizen's advice. Residents can also request a list of the city's free-to-access Wi-Fi spots and, if their cars have been towed away, find out which depot it is held in. The SMS service costs 15 cents per message - the minimum rate of the mobile telephone operators.

Friday, October 2, 2009

Brits are clamoring for property for sale in Spain

It may be the perfect time for Spanish property hunters to put down an offer on their place in the sun, according to reports.

Estate agent Mercers has recently told the Times that enquiries from British people regarding Property for sale in Spain have rocketed during the past 12 months.

Jason Baez Sulsona, a property consultant at Mercers commented: "I have a vast database of British buyers asking to be kept updated on new property. They are anxious to flex their buying power and take advantage of a depressed Spanish market."

According to kyero.com, the latest Tinsa Index showing Spanish property valuations has indicated that current conditions could prove favorable to those seeking a second home abroad.

Property expert Martin Dell states: "The Tinsa House Price Index continues to reveal an encouraging trend. What the Tinsa Index tells us is that house prices are still falling in Spain, but the decline has stabilised." He further said that Tinsa Index is the most accurate reflection of Spanish property market trends and this means much Spanish property can now be bought at reasonable prices.

In news of interest for Spanish property investors, Short break destinations represent a cost-effective choice for Brits abroad, which can mean they do not have to scrimp on other holiday treats, according to the Association of British Travel Agents (Abta). Recent survey from Visa Europe found that 83 per cent of Brits intend to take between one and five short breaks this year, with the most popular destinations including France, Spain and the USA.

Frances Tuke, spokesperson for Abta commented: "For short breaks, France and Spain are popular for obvious reasons and are the most popular due to sheer volume."