Friday, 30 June 2017

Spanish Property Prices to Rise 6% This Year

Property Prices to Rise 6% This Year

Property prices continue to rise
The world’s largest real estate service CBRE published a report this week detailing a bold production that Spanish property prices could rise by up to 6% on average across 2017.

The CBRE data builds on the positive news from May suggesting average property prices increased 5.3% more than in 2016. This positive trend is expected to continue across the year for the rest of the country at the most, and certainly in the places where there’s the highest demands for property.

This includes the coastal regions of the Costa del Sol, Costa Brava, the Costa Blanca, the Balearic and Canary Islands, and the major cities of Barcelona, Madrid, Malaga, and Valencia.

These regions are expected to see sustained demand for property and steady price increases, and are expected to see an increase in building activity. CBRE forecasts demand for new builds will reach between 120,000 and 140,000 properties a year by next year, meaning that regions such as the Costa del Sol – where demand is beginning to outstrip supply – could get the developments and urbanisations they need.

There is also some positive rumblings coming from the rental market – which is typically an accurate example of how healthy the Spanish property market is.

CBRE expects the demand for rentals will increase an average of 1.5% nationally, while the annual return on investment in stronger property markets is likely to stay around 5% - likely causing an increase in buy-to-lethome purchases.

Wednesday, 28 June 2017

Free Classes at Marbella’s Leading Yoga Studio

Free Classes at Marbella’s Leading Yoga Studio

Radiant Yoga Marbella is entering their 4th year on a peak. The most innovative dedicated yoga studio in the town celebrated their anniversary with free classes for an Open Day . New and old devotees of Radiant alike were welcomed into the studio to be exposed to a range of yoga style – such as Yin Yang Yoga, Rocket Ashtanga, Aerial Yoga and Hot Strela Yoga – for free.

Guests to the event also sank into the serenity of the ambience of the recently renovated yoga studio, shop for clothing for their yoga session, and enjoyed plenty of Ayurveda-inspired food and drink during the event.

The Radiant Yoga Marbella Open Day  also include the launch – and reading of – the spiritual book The Light, A Book of Knowing, along with a powerful sound bath Gong Meditation and raising funds for the David Toms Support Fund.

The studio was the first facility in the area to offer Hot Yoga and sits in the heart of Marbella. The recently refurbished studio – founded on the mantra “Strength, Health, and Vitality” - offers incredible views of the La Concha mountain and has become a centre of yoga excellence.

The founding yoga teacher Lori Siollema spoke of her pride to be considered one of the best and exciting yoga studios there is. The studio strives to offer the best classes, teachers, and workshops around to maintain their reputation as being the complete force of yoga.

If you want more information on the Radiant Yoga Marbella and reserve your space on the day itself – call: 639-845-185, email, or go to
Cost Del Sol Property Group are happy to help great small businesses flourish.  

Tuesday, 27 June 2017

May Data Shows 5.3% Property Price Increase Across Spain

May Data Shows 5.3% Property Price Increase Across Spain

The Spanish property market continues to grow
The latest figures from the Spanish National Statistics Institute (INE), published just last week, reveal how average property pricesin Spain during May rose 5.3% higher than during May of 2016.

The increase continues the near-two-year trend that prices have risen year-on-year for over 20-months straight.
The latest INE data shows that price increases are actually accelerating, with the average monthly increases topping between 2.5% and 3%. The reason for the sharp increase is mostly down to the price increases seen in Barcelona and Madrid; where prices have risen 8.8% and 10.6% over last year. The two largest cities of Spain are benefiting brilliantly from the strengthening Spanish economy, bringing in great investment into the privateand commercial real estate sectors.

There is more encouraging news as property prices across the 17 autonomous communities of Spain are all up, even though some of the rises – such as those in Extremadura, Murcia, and Galicia aren’t very big.

First quarter data from before May also shows property prices increased 2.3% over the previous quarter, marking the seventh quarterly increase in a row and showing a sharp rise for the small amount of time it happened in.

Property experts and analysts welcome the increases. Even though Spanish property prices are around 40% lower than the peak of 2008, the sustained increases showcase how the post-boom market has begun to reflect true value, offering the banks, mortgage lenders, and homeowners the peace of mind they need.