TAYLOR Wimpey Spain sales and marketing boss, Marc Pritchard, has announced seven new developments around the country, including the Costa Blanca, at a total cost of over 100 million euros. The projects will see 430 homes built, starting with three developments on Mallorca, followed by two on the Costa Blanca at Gran Alacant and Javea, as well as two on the Costa del Sol. “The coastal areas remain key in...
Even though there has been a slowdown in the number of properties being bought in Spain, numbers are still rising and prices are not shooting through the roof. That means that a number of people who already own a home and have a mortgage are looking at the possibility of upgrading to a larger property. That would entail selling your current home with a mortgage, and there are ways that it can be done with...
The latest figures from Spain´s notaries back up a variety of recent surveys that show that the increase in property purchases is continuing to fall. The Notaries’ Centre for Statistical Information says that there were just under 54 thousand sales in December, which was actually an annual fall in the total number of property deals of one point two per cent. But prices rose by just under one per cent...
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...
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...
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...
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...
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...
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...