Showing posts with label Investment-property. Show all posts
Showing posts with label Investment-property. Show all posts

Tuesday, July 1, 2008

'Good times' for Spanish property

Beatriz Corredor, Spain's minister for housing, in a radio interview said that this is a good time to buy property in Spain, as prices are only rising in line with inflation. Corredor also pointed out that some developers have dropped their prices, making this a perfect time to buy a newly built property.

However, she said the available level of supply is exceeding demand. Therefore, she has suggested that organizations who are selling property to "change their prices" accordingly in response to market conditions. Properties are currently being sold for less as a result of the recent downturn in the market. However, property experts believe that the market will pick up again and lead to a resurgence in property values.

The ministry of housing has revealed that the cost of Land in Spain fell to 251 Euros/m2 in March, a 7.7% drop compared to the same period last year. The official statistics shows that land prices are falling faster than house prices. The average land costs in Spain are now back to where it was in 2004.

Telegraph has reported that the glut of properties forced developers and vendors to sell property in Spain at a discount. Property experts suggest that those who invest shrewdly will reap the rewards once the credit crunch is over and the market begins to recover.

Wednesday, June 25, 2008

Investors take advantage of lower property prices in Spain

Foreign investors who are considering buying property in Spain have been advised that bargains can still be found as they can now get more with for their Euros as the average property price has dropped 3.6 per cent from this time last year. The portal recommended that this is the perfect time to buy in Spain.

Foreign currency exchange specialists Moneycorp has said that investors can cash in on the lower property prices in Spain. People who are making stage payments, for instance, can still get half of their necessary Euros now and half at a future date, after the position for the exchange rate becomes clearer. Investors of residential homes can withdraw equity and profit from cheaper Euro mortgage deals; they take advantage of the situation by converting them into Pounds. Potential investors of properties in Spain can opt for 'forward contract' and can pay a percentage deposit and for payment at a later date they can also fix an exchange rate for the balance funds.

One Mortgage website has recently reported that Spain is one of the "big names" in the world property market and has long-standing appeal for investors and lifestyle buyers. The strong euro has not dented the appeal of Spain. The Post Office recently revealed that Spain is in fact the cheapest country in the eurozone at the moment even if the pound is at a record low against the euro.

Saturday, June 21, 2008

UK pension disillusionment boosts Spanish property investment

Recent statistics from Inside Track revealed that 68 per cent of Britons now depend on different sources of future income after retirement. This is clearly indicated by the fact that nearly a quarter of people have gone to the extent that they gave up their pensions, while others those who put in, the amount is too low to provide sufficient retirement income.

The study found that only 15 per cent invest £200 or more. Just about 53 per cent invest less than £100 a month. Another statistics revealed that 22 per cent said that investing in overseas property would present the better option, with just 18 per cent opting for stocks and shares.

Dave Isley from NatWest stated that the Spain is highly popular destination among the retirees. Spain is said to be appealing because it offers healthy living standards, high-class housing, good weather, beaches and plenty of outdoor space. Anthony McKay, chief operating officer of Inside Track Group has said that now people consider property as an investment class in the same way they do the stock market. The high rate of house price inflation in Spain means that investors could potentially make a substantial profit should they come to sell up after their property has increased in value.

Recently Sun newspaper reported that Spain is said to appeal to different groups of property buyers, such as people who want a holiday home and those who are purchasing in order to generate wealth. Scottish Widows, pensions and investment provider has found that one-third of people in the UK want to live abroad after their retirement. Spain was found to be one of the most popular destinations with 24 per cent of British expatriates including retirees opting to live there permanently.

Monday, June 9, 2008

UK pension disillusionment boosts Spanish property investment

Recent statistics from Inside Track revealed that 68 per cent of Britons now depend on different sources of future income after retirement. This is clearly indicated by the fact that nearly a quarter of people have gone to the extent that they gave up their pensions, while others those who put in, the amount is too low to provide sufficient retirement income.

The study found that only 15 per cent invest £200 or more. Just about 53 per cent invest less than £100 a month. Another statistics revealed that 22 per cent said that investing in overseas property would present the better option, with just 18 per cent opting for stocks and shares.

Dave Isley from NatWest stated that the Spain is highly popular destination among the retirees. Spain is said to be appealing because it offers healthy living standards, high-class housing, good weather, beaches and plenty of outdoor space. Anthony McKay, chief operating officer of Inside Track Group has said that now people consider property as an investment class in the same way they do the stock market. The high rate of house price inflation in Spain means that investors could potentially make a substantial profit should they come to sell up after their property has increased in value.

Recently Sun newspaper reported that Spain is said to appeal to different groups of property buyers, such as people who want a holiday home and those who are purchasing in order to generate wealth. Scottish Widows, pensions and investment provider has found that one-third of people in the UK want to live abroad after their retirement. Spain was found to be one of the most popular destinations with 24 per cent of British expatriates including retirees opting to live there permanently.

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.

Sunday, April 27, 2008

Buy-to-Let investors should look to the future

Investors in buy-to-let accommodation, irrespective of the recent dip has got encouraging news recently as Homes worldwide reports have said according to a study by VillasforTravel, owners of tourist accommodation in Spain have collected the highest rental returns in Europe in 2007.

Sun has reported that overseas property purchasers need to have a vision about the happenings in their chosen location in the next few years. The supply and demand ratio in a certain place could decide the all-purpose success of any investment. For instance, rental property nearby a place with a large number of available residences is less likely to appreciate in value. But a house in a limited supply area would have high capital appreciation provided other important factors are satisfied.

Recent enquiries in holidayrentals.com website suggest that Short Term Holiday lets in Spain have high returns potential with well-chosen properties in good locations than your investment than long term letting. Most experts predict that an occupancy level of around 15 weeks per year is enough to provide ample income to cover the payments on a typical 20 year 70% mortgage and maintenance costs.

But BuyAssociation recommended that short-term investors come up with an exit strategy if they desired to make riches from their rental property. Remember, short-term letting needs more work than long term. The most gainful approach is market your property yourself and usage of an excellent Short-Term Agent for property management.

Monday, March 31, 2008

Spanish rail links boosts investment opportunities

Overseas investors are still flocking to Spain and are increasingly choosing to look at less traditional Spanish markets.

Nicola Christie of NuBricks.com confirmed the shift of focus of overseas investors to less established markets. The Spanish coastal resorts and cities have traditionally been the investor's choice earlier.

She said that the new cross-country high-speed rail links across the country changed the investor's preferences. The historic opening of high-speed train service between Madrid and Barcelona means that towns along the route will open them up for overseas investors.

They could become popular locations for overseas property buyers in the future and news of transport links to Spanish countryside to come over within the next four years and may provide opportunities for investors looking away from traditional locations such as the Costa del Sol and considering less established markets.

It was found that one in four purchases made by British buyers last year was in Spain and Holiday-Rentals revealed that 31 per cent of British-owned holiday homes are in Spain.

Wednesday, March 5, 2008

Spanish slopes ideal for investment

Spain has an excellent climate and lifestyle and easily accessible from British Isles so it's easy to see why thousands of people buy property in Spain each year. Property in Spain is a safe long term investment which can offer you high capital appreciation and good rental yields for overseas investors. With prices as low as €120k for a 2 bed apt on ski resorts, buying property in Spain is more affordable than one might think. Spanish ski resorts and chalets are now gaining more recognition among property investors, compared to many other European countries.

Baqueira-Beret ski resort
Baqueira-Beret, Spain's largest ski resort founded in 1964, offers plenty of terrain, and a singular cross-cultural experience as it is found in between France and Spain. It's located in the Val d'ArĂ¡n valley. After Victoria beckham was pictured here it became popular among brits. Spanish royal family also owns a chalet in Baqueira-beret. The property here is cheaper with high rental returns.

 Sierra Nevada ski resort
The Sierra Nevada ski resort is the most attractive to Brits as there are opportunities for year-round rentals. The resort is only 32 kilometers from Granada .The resort is growing in popularity every year; over the last years there is increase in number of British due to the introduction of direct flights to Granada. The guaranteed sunshine, some of the best spring conditions in Europe, a long season and the fact that it is reasonably well priced has gone well with British investors

Resorts in Alpujarras, Lecrin Valley are also in the pipeline. Three-bed apartment for €120 k is a reality in this area and there is a growing expat community in this area. The Use of property throughout the summer for rental returns all round the year increases the influx of investors.

Costa Verde in the north of Spain is also an emerging property hotspot. . It is surrounded by the pristine beaches, sandy coastline and interesting architecture. Next to this you can enjoy the waters of the Cantabrian Sea. Property in Costa Verde can be a great choice, because it's not yet overwhelmed by tourists so investors can get it cheaper. Costa Verde is characterized by mild winters and a temperate climate and has high potential to develop as tourist spot as visitors are increasing every year and an ideal place for year round rentals.

Monday, February 25, 2008

Current trend in the Spanish Real Property Market favors investors

It is a good time to buy properties in Spain now. Why? It is because at present the real property market value has dropped by several per cent. This has been the prevailing condition for the past months and might still be the same in the next few months or so.

The hardest hit are the properties in the communities of Andalusia in the southern part of Spain with the decline in the asking price reaching 2.5 per cent at the starting month of the year 2008. While in the city of Marbella, which is also located in Andalusia, some real properties would even be sold at half of the asking price because of low demand.

Marbella beach in Andalusia, Spain
This general direction of the Spanish real property market in specific places makes it an attractive opportunity for investors who are not out for quick revenue. The marked down properties are considered to be very good deals but will provide the investor with a hefty sum if disposed after a number of years. So for those who are willing to part with their money for a long-term investment, the current situation is ideal.

Acquisition of properties such as those found in Andalusia will prove to be lucrative in the end for the location is quite ideal for holiday makers and even those who might want to spend longer time in the clement weathers of Spain. The current situation may not be advantageous to those who are seeking to sell their properties right now but for investors, this is indeed a good time to purchase.

Friday, February 15, 2008

Lanzarote’s Allure: An Investor’s Dream


Lanzarote boasts of a sun-filled island with an abundant eco-system. This Spanish island, a part of the Canary Islands, enjoys fair weather all throughout the year which attracts foreign and domestic tourists. Of the foreign tourists, the British tops the list and comprise more than half of the total number of tourist entry. This might be because of its proximity to United Kingdom.

The island also has its peak season for domestic visitors. Lanzarote hosts a lot of dignitaries which includes Spain’s Prime Minister Zapatero who often visits. King Carlos himself has a majestic home in the island which is a regularly visited. Celebrities like Omar Sharif, at one time, also had properties in the island.

Holiday goers troop to this island because of the magnificence of its natural resources and the perpetual sunshine. Despite the sunny weather, the level of humidity is just right. These reasons were enough for tourists as well as investors to consider the island worthy of their money.

Investors who are on the look-out for a wise real estate acquisition in Spain may well consider Lanzarote. The prevailing price of the properties in the island is quite high compared with other locations all over the country. This is due to the tight control that is enforced by the government on the construction of the buildings, homes and other edifices as well as the limited number of properties up for sale. Another plus factor for investors is that they can lease out their properties for longer period of time.

Lanzarote is indeed a place to venture to for holiday or for a worthwhile investment.