Property

Properties linked to money laundering

THE UK’s National Crime Agency has said that it is investigating the owner of three London properties worth a combined £80 million (approx. €90 million) under anti-corruption laws. They are using the new Unexplained Wealth law for only the second time and in the meantime freezing orders have been made against the properties, effectively stopping them being sold or transferred. Graeme Biggar from the...

SECOND HAND RISE

The average price of second-hand housing in Spain was 1,715 euros per square metre in April.   This represents an increase of 0.86 per cent compared to March, and over a year, it is a hike of 9 per cent, where in April 2018  the average price was 1,572 euros p/m².   The place to go to for some of the cheapest property prices, on average, is the Murcia region, with a price recorded in April...

RENTING TO MAKE MONEY

One way to make money in Spain is to rent out property, specifically as a holiday home or even as a longer-term let. Property prices in Spain have picked up since 2018 and we are seeing a five per cent capital appreciation across the board. In addition to this, rental yields have been growing year-on-year by two digits for three consecutive years. As Spain now ranks as the world’s second tourist...

From planes to property

AIRPORT manager AENA, which is responsible for Valencia airport as well as those in Madrid, Barcelona, Palma and several others, is set to become Spain’s largest real estate developer. They have already announced plans to develop land by Madrid and Barcelona airports and have now launched similar projects at Valencia, Malaga, Seville and Palma de Mallorca. These are still in the consultancy phase but...

MORTGAGE UPTURN CONTINUES

The latest report published last week from Spain´s notaries says that the number of mortgages is continuing to rise.   The figures reflecting March saw a six point nine per cent increase in mortgages, compared to a year earlier, though sales figures year-on-year fell by two point nine per cent.   The report states that just over 25 thousand mortgages were granted in March at an average value...

WHAT THE BRITISH THINK

According to a new survey, over half (55 per cent) of Brits considering buying property in Spain aren’t worried about Brexit affecting their future, and still plan to pursue a deal.   This is backed up by the fact that more than two fifths (41 per cent of people planning a purchase are either at the serious planning stage, ready to buy, or in the midst of the buying process. Some people still have...

Super surge by the sea

PROPERTY prices at the exclusive Sandbanks peninsula on the Dorset coast rose by £162,000 (€184,000) in the last year alone, making it the hottest property spot in the UK according to major lender Halifax. The average house price there is now around £800,000 with estate agents saying that the massive rise is a matter of simple supply and demand while the “bored with Brexit” housing bounce is also a...

Huge rental hike

TWO cities in the Valencian Community, Castellon and Valencia City, are among the top six across Spain for rental increases over the last four years. Palma heads the list with rent rising by 46% followed by Malaga (42%), Valencia (38%), Castellon (37%), Madrid (37%) and Barcelona (34%). At the other end of the scale is Jaen and Soria with rises of just 4% and 6% respectively, barely in line with inflation....

GO FOR A GOLFING HOME

You don´t necessarily have to be a golfer to buy property at a golfing resort, as there are plenty of sensible reasons to look at the option of having a home at one.   A golf resort is always impeccably kept and well maintained. The areas around the courses are equally well maintained, with manicured gardens, hedge rows and verges.   Roads and street lighting are also kept in tip top shape, all...

Building sector flexing its muscles once again

A report by the Alicante Association of Real Estate Developers that was published last week has said that the property development sector is in very good shape after almost a decade of bad times. Various factors were measured including sales, ongoing new developments and projects in the pipeline and found it performing well on all counts. The report stated “Alicante is still a national reference point in...

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