Yours for a fiver: How a Costa Del Sol seller is trying to shift his apartment in Spain. Could this be the start of a new selling trend or just another symptom of the stagnant Spanish property market? When a 3-bedroom property in Marbella, went on the market, its owner Neil Hudson, hoped it would fetch over £500,000.  Yet, despite many years of viewings, the 1,614sq ft property failed to sell due to the slow Spanish market, too much competition and lack of buyers. Raffling a home for £5 per ticket is not a new concept as several UK homeowners have tried similar competitions in recent years and many have failed. The promoters of prize draw competition have said that they will not make the mistakes other competitions have made. Speaking to Prize Draw Competition, Neil Hudson who is also the owner of the property said:                “Some other competitions have been run very amateurishly and what seems like an easy scheme to organise actually requires a huge amount of work. We have spent two years doing our market research and our planning. We have entered many property raffle competitions to win of course, but also to make sure we fully understand the positives and negatives from these. It is essential also that the general public has full confidence in the scheme. We have done everything to ensure that the correct legal framework is in place. It is fully compliant with the UK Gambling Commission’s guidelines and the draw will be streamed live online and overseen by independent adjudicators. The winners will be selected by a random generator and the source code for this has been published online to prove its legitimacy.. We have also made sure that we are using experienced marketing companies and have publicity campaigns being implemented, both off and online as ultimately it is a numbers game and needs to be seen by many millions of potential winners to sell enough tickets and most  other schemes have floundered from not putting enough resource into the marketing. We are not limiting ourselves to just UK entries, but are publicising this worldwide and give it the maximum exposure it deserves.” More information can be found at prizedrawcompetition.com   For more information about the prize draw competition please take a look at the Website, Facebook , Twitter, and Instagram Or please call Neil Hudson: +44 (0)7424776838 or email info@prizedrawcompetition.com

Santander Sells €10 Billion worth of Spanish Property

Santander Sells €10 Billion worth of Spanish Property

Spanish Property is for sale contact us for the best bargins

The Spanish real estate industry has been moving at a brisk pace for the past 24 months at the very least, as the residential housing market in particular has been boosted by the activity – and cash – of private buyers.

For the longest time though, following the crash of 2008, the biggest portfolio holders in Spain have been the banks – forced to clean up homes and offices left behind by people and companies defaulting on their mortgages following the credit crunch.

Banco Popular in particular became the largest landlord in Spain in a matter of months, becoming the owner of around €30 billion worth of real estate at pre-crash prices.

The financial troubles of Banco Popular are well-known however, and the bank was recently bailed out by another Spanish bank, Santander. This week saw the anticipated – but still surprising – move of Santander selling all of their property for €10 billion to the Blackstone Investor group out of the US.

This property portfolio includes hundreds of houses, apartments, and hotels, along with plenty of land. Analysts believe that the property has lost around two-thirds of its value since 2008.

Now the property is in the hands of the proactive and committed Blackstone Group, who have long-since seen Spanish property as a profitable, long-term investment. People in many quarters are celebrating the sale as it is another indication that people are becoming more confident and enthusiastic about Spanish property.

As well as in increase in transactions for resale properties, residential construction across Spain is increasing, with much of the activity driven by foreign investment.

Reuters released data that showed around a third of the €22 billion invested directly in Spain in 2015 went to construction and realestate, and it’s expected that this figure will increase for 2016 and 2017 following the release of official data.

American Demand for Spanish Property up 25%

With more flights connecting to America were seeing

record numbers of American coming to the Costa del Sol

American Demand for Spanish Property up 25%

The latest data from the USA shows that American interest in Spanish property has increased 25% following the November 8 Presidential election.

LucasFox.com is reporting that during the first four weeks following the election there was a large increase in American interest compared to the four months before the election. While not everyone likes the sound of President Donald Trump, experts believe that the rise in interest is fuelled by more than just the fear of the new president.

While some in the States have been left disillusioned by the success of Donald Trump, there is also the impact of the increase in low-fare airline routes between the USA and Spain to consider. This is undoubtedly having an effect on the demand for property in Andalucía.

While the change is good news it’s not been long enough to confirm it’s a trend just yet. The rise in American interest following the election is similar to the rise in British demand following the Brexit. Obviously though many Americans will be taking advantage of the new routes Norwegian Airlines plans to open in 2017.

Americans will be able to benefit from the Golden Visa system that Spain introduced in 2013. With the Golden Visa non-EU nationals will have the right to reside in Spain if they invest at least €500,000 in Spanish property. Many buyers from the US, Russia, and China have found themselves attracted by this particular carrot, and it will likely be a major factor in keeping Americans interested in Spanish property in years to come.

44-year-old American lawyer Robert Edwards, who has himself benefited from the Golden Visa, says that there is a richness of culture to Spain; it is filled with great architecture, food and wine, and is complemented by the lifestyle, street life, and endless festivals. Some things in Spain just don’t exist in America, and the price is right if you stay out of Madrid and Barcelona.

LucasFox are also reporting that there has been a 30% increase in sales to American buyers year-on-year between January and November of 2016. The most popular markets are Barcelona, Madrid and Málaga.