Wednesday, March 31, 2010

Fantastic bargains found in the Catalonia region of Spain

Foreign buyers may be able to snap up a number of bargains in the popular Catalonia region of Spain as fantastic bargains can be grabbed in the region than any other part of the country, experts have suggested.

According to idealist.com, overseas property investors can use the changing nature of the Spanish property to their advantage if they carefully consider the nature of their investments. Sales in the Catalonia region have fallen by around half and new housing starts are down by 80 per cent. Coastal resorts in the area are also seeing falling prices, with drops of 15 per cent in Malgrat and Pineda y Premia de Mar and 13.3 per cent on the Costa Brava. The falling prices could spell good news for Britons hoping to move to the country.

The country's status as an established market for overseas homes will also help matters once its economic recovery gains momentum. There has been a slowdown in the Costas - which could open up opportunities to make a shrewd investment, as Spanish property remains very popular. According to Shelter Offshore, huge number of Brits found the nation irresistible and has made a permanent move despite falling prices in the country.

Citing its "fantastic" climate and rich culture as reasons people are drawn to Spain, the portal states that the nation is so vast and diverse there is a part of it which suits the needs of anyone thinking of moving abroad.

"Real bargains" are available for holiday homes and investors should not be put off by the current nature of the property market in the region, as demand for Spanish holidays will always remain strong thanks to a potent combination of sun and the accessibility of budget airline routes.

“Overlooked” is the best term to describe south Catalonia, says Rita Fryer, of The Property Finders. Coastal apartments in South Catalonia start at £100,000 and good-quality detached villas in close proximity of the beach are priced from £270,000. Inland, village properties start at £100,000, though buyers might find a 250sq m olive press to refurbish for £35,000. Rustic properties for refurbishment, with a few hectares of olive groves, start at about £120,000.

Whereas in North Catalonia, Good-quality coastal apartments start at €300,000 (£200,000); villas, at £400,000. Masias in the interior start at about £550,000.

Tuesday, March 23, 2010

Spain will always be a popular choice for British property buyers

Property in Spain is still as popular as ever with British investors and expats, especially now it is possible to find bargains, a property expert has claimed.

According to aboutproperty.co.uk, house builder Taylor Woodrow de Espana has said people are also beginning to view property as a long-term investment opportunity. Victor Sague, Marketing director of Taylor Woodrow de Espana said that the country was recently chosen as the UK's favorite destination for buying property abroad.

He commented: "The continuing popularity of this country helps ensure that property purchased in Spain will always hold its value." Mr. Sague added that Spain has something for everyone and people dreaming of living near a beach, on a golf course, or in the "real" Spain can all find their perfect homes.


Developer Casas de Lorca said that the Spanish property market still enjoys several "strong pull factors" which include the warm climate, laidback lifestyle and comparatively low cost of living for British people looking to invest in a home overseas. Increased financial uncertainty means that many people are "less sure of the more untried and untested destinations", making traditional overseas property destinations such as Spain a popular choice.

According to the development company, Spain has also begun to benefit from the shift away from emerging markets brought about by the economic downturn. Spain also continues to perform strongly in the retirement market due to the good reputation of healthcare services in the country.

In related news, Liverpool-based property agent Ken Walker said that "no other country can quite compete" with Spain in terms of its popularity with UK investors, as it is a "tried and tested location which has gained a long-standing reputation when it comes to savvy property investment", he told the Liverpool Echo.

Mr. Walker also explained the benefits of buying off-plan in Spain, asserting that it represents the best way for buyers to ascertain "maximum choice for their property in terms of style, design and location".

Monday, March 1, 2010

Lifestyle buyers still favor Spanish properties

Property buyers looking for property overseas are now primarily purchasing for lifestyle reasons rather than investment, it has been claimed.

According to Paul Collins, property editor of buyassociation.co.uk, the lifestyle aspect of foreign investment is becoming more important nowadays. He said that buyers aren't tending to buy for investment these days so the lifestyle aspect of things is really coming to the fore.

Mike Hamilton, managing director of Casas de Lorca reiterated Mr. Collins comments that the "true Spanish lifestyle" is appealing to a number of Brits. He said that people looking for Spanish property tend to want to integrate with locals, enjoy the "rolling countryside" and learn the language, which Spain can offer to those house hunters.

"I find that a great deal are drawn to the country for its lifestyle and therefore are looking for the 'true Spain' over and above more well-known 'Britain in the sun'-type resorts," he added.

In more good news for Lifestyle buyers that experts have stated that they could snap up properties in previously unaffordable markets as house prices in many parts of Spain have been in decline for more than a year. This means that property values in places at the top end of the market, such as Marbella, are now within the reach of more people. However, Spain's lifestyle attractions are still in place, which means it is still just as appealing to those who want a residence for personal use, According to Shelter Offshore reports.