Friday, 6 April 2018

Data Shows January Spanish Home Values up 3.6%

2018 is a perfect time to buy costa del sol property
Data Shows January Spanish Home Values up 3.6%

Statistics published by Spanish property valuation firm Tinsa this week show the average home in Spain was worth around 3.6% more at the end of January 2018 compared to January 2017. 

With the increase of between 5-6% in 2017 – depending on the metric – signs are strong that 2018 will be another positive year for Spanish property. 

The data from Tinsa highlighted not just the nationwide average increase of 3.6% but also different regional variances. The data showed that property prices were up over 5% in the larger cities and provincial capitals of Spain during January, with an increase of around 4.1% across the Balearic and Canary islands.

Average prices increased around 3% for most of the Mediterranean coast, which is just below the national average. This is a reflection of the fact that demand for coastal properties is generally at its lowest in the winter months. Tinsa believes that home prices across the Mediterranean will reach above the national average as the summer sets in. 

An interesting note is that while the data from Tinsa doesn’t reveal the average selling price of Spanish homes for January, it does say that home values have reached the averages of June 2013, which was a time when the market faced a number of price corrections. 

Things were moving downwards back then while they are moving upwards today, and substantially at that. Home sales are increasing by an encouraging amount; 11-15% over the past few years. The average mortgage loan amount is also steadily increasing.

Thursday, 5 April 2018

New Estepona Apartments offer Luxury Urban Living By the Sea on the Costa del Sol

Infinity right in the heart of the city

New Estepona Apartments offer Luxury Urban Living By the Sea on the Costa del Sol 

It was just last week when Residencial Infinity – the latest Developmental – was announced. Demand and interest is already through the roof though and units are being sold at a rapid rate.

Top quality development, contact us for more details

Residencial Infinity Offers an Incredible Location on the Main Avenue of Estepona’s Town Centre

Estepona – situated around 20 minutes west of Marbella – is among the top seaside resorts along the Costa del Sol and Residencial Infinity is in the town centre. This means that those living in Residencial Infinity are never very far away from the services and amenities they need. The stunning Blue Flag-award-winning La Rada Beach is just four minutes away on foot too.

Residencial Infinity Offers Signature Contemporary Design

This is one of the most idyllic locations you can find. The Residencial Infinity building houses 112 luxury 2-and-3-bed apartments with ultra modern designs. Each apartment has a private terrace and tenants can enjoy underground parking and storage.

Residencial Infinity Offers High Quality Fixtures and Fittings

The apartments are spacious, filled with natural light, and boast high quality fixtures and fittings. They are complemented with exclusive onsite communal facilities such as the rooftop solarium – complete with infinity pool, sunbathing deck, and incredible views of the nearby ocean – along with a gym, green zones, sauna, bicycle room, play area for children, and so much more.

The building licence has been secured and the project is set to be completed by the first quarter of 2020. The best part is that prices start out at just €229,950. Check out the project for yourself here! Contact us today and we will send you everything.

Wednesday, 4 April 2018

2017 Sees Nine-Year High in Spanish Property Sales

Southern Spain is truly back.. 
2017 Sees Nine-Year High in Spanish Property Sales

The National Institute of Statistics in Spain (INE) has published the latest provisional residential property sales figures for 2017 which show last year saw a nine-year high for total property transactions. 

This means that 2017 has become the most significant year for the Spanish property market since 2008, which was when the bubble burst and the crash began, leaving the real estate industry in a state that it has taken years to recover from.

Signs have been suggesting that the property market in Spain has been recovering since 2013, but this latest data marks the first time that the market has reached pre-crash conditions. Property sales figures increased across all 17 autonomous regions of Spain, and the 14.6% nationwide increase over 2016 sales figures left the total figure at 464,423 homes sold in 2017. 

This is in stark contrast to the 312,000 homes changing hands in Spain during 2012, which was when sales started bottoming out at the height of the recession. 2017 ended on a positive note as well, as the 32,211 transactions recorded for last December was an increase of 9.2% over December of 2016. It’s also around twice the notary data published recently that estimated sales would increase 4.5% in December. 

The fastest-growing region of Spain last year was Castilla-La Mancha, which saw an impressive increase in property sales of 24.7% compared to 2016. This is an area that doesn’t usually bring in foreign buyers, suggesting that a large part of the uptick in the Spanish real estate sector is caused by domestic recovery. 

Foreign buyers still remain an important part of Spanish real estate though, accounting for around 15% of home buying activity in 2017. Of this, Brits were responsible for around a fifth of all sales to foreign investors.

Tuesday, 3 April 2018

Ryanair to Open 29 New Routes to Spain this Winter

More great news for Spain
Ryanair to Open 29 New Routes to Spain this Winter

Irish budget airline Ryanair is set to add 29 extra routes to Spain, leaving them with over 500 routes to and from Spain.

Spain remains a popular destination for spending the summer in the sun and this popularity will only increase with the news that Ryanair are set to open 29 new routes to Spain this year. This will bring Ryanair up to 500 routes, and comes at the perfect time as Spanish tourism is flying quite high as it is. 

Ryanair chief Michael O’Leary explained the reasoning behind the increase in routes, saying that Spain was one of the most important markets for the airline. He explained that around 27% of Ryanair’s traffic is related to Spain, which is no doubt important to the company. 

Key highlights of the additions include extra flights between Seville and Edinburgh, Bristol, Rabat and Tangier in Morocco, and Venice. The extra connections to Barcelona will see flights to Burgundy in France and Palermo in Italy, while Palma de Majorca is set to welcome flights from Milan, Rome, and Dusseldorf. 

Alicante is set to offer a connection to Newquay in England, Gdansk in Poland, and Bologna in Italy, along with domestic flights to Seville. 

Ryanair will be operating flights in 26 Spanish airports after the expansion, handling over 41 million passengers each year, which is a major share of the overall tourism market of Spain. 

Spain registered a massive increase in low-cost air traffic to the country with a 13.7% increase.