16.5% of Flights to Spain in May Came From The UK

16.5% of Flights to Spain in May Came From The UK

Malaga Airport is living up to its new expansion

with record number of Brits coming to

the Costa del Sol

Even though the summer has just started Spanish airports are already seeing record passenger numbers.

Things may be heating up with the Brexit but no matter what comes from the result it’s clear that Brits just can’t get enough of Spain.

While things are still heating up in the relationship between the EU and the UK, with people throwing around xenophobia and mistrust, the latest data suggests that Spain is still very much beloved by the UK.

The figures in question show that 16.5% of all the passengers arriving at Spanish airports during May were either coming from or going back to airports in the UK, helping lead to the overall rise of 11.3% in overall passengers over the last month. A total of 13.43 million Brits have passed through a Spanish airport during the first five months of 2016.

Spanish airports were just under 12% busier this May than they were in May of last year. So it looks like Spain really could see their old tourism records smashed in 2016.

During the first five months of 2016 all 16 of Spain’s major airports saw a dramatic increase in visitors. El Prat in Barcelona alone saw 16 million passengers during this time; a rise of 13.4% compared to last year.

The Barajas airport in Madrid was just as busy. They saw just over 19 million passengers themselves and Malaga Airport saw an impressive 5.7 million passengers. Overall over 21 million people made their way through Spanish airport terminals in May. That’s one record down already as this number is much higher than the older record set in May of 2008.

The Spanish airport management company Aena said that this rise in popularity is due to the cheaper fuel, leading to a drop in airfares, as well as the relative safety of the country. Spain is now a safer country than other popular tourist destinations Egypt, Turkey and Tunisia.

The drive is almost definitely coming from tourism though as the increase is mostly down to British tourists due to the cost of living being so low, and Spain being so safe and for so many other reasons. Germans came in second with 11.5% of international flights coming from Germany, with Italy and France coming in third and fourth.

Spanish Property Prices Up At Highest Rate In Over Eight Years

Spanish Property Prices Up At Highest Rate In Over Eight Years

Spanish property prices were up 6.3% leading up to March 2016. Spain may have experienced some frantic campaigning in the lead-up to the general election last week, but the political situation caused by the December general election seems to not have affected the revival of the property market.

This was further evidenced after the national statistics unit published data showing that not only is the market growing, but property prices are also up by 6.3% in the 12 months leading to the 31^st of March 2016. This is the eighth year in a row that prices have risen following the six year year-by-year fall in prices since 2007.

It’s made better news because this rise is being seen in every Spanish region. 6.3% is only the nationwide average with some areas, such as Madrid, seeing higher rises. Madrid saw the highest rises of 9.7%, the Balearics saw a rise of 8.8%, Catalunya saw a rise of 8.6% and the Canaries saw a rise of 5.9%.

Prices were up 1.5% over the rise seen in the previous quarter. The regional variations were as varied as the regional variations in overall price rise. Prices in Madrid were up 2.9% over the last quarter with a rise of 2.1% in the Canaries, a rise of 1.5% in both the Balearics and Galicia. However there was a 0.2% drop in property prices in La Rioja and a 0.4% drop in Castilla-La Mancha.
One of the biggest rises was properties for sale in the Costa del Sol as it continues its recovery.

Spain Aims to Bring In Bollywood

Spain Aims to Bring In Bollywood

Spain is becoming increasingly popular with Hollywood film producers and now the country is trying to be just as appealing to Bollywood, bringing in plenty of Indian filmmakers in the process.

Bollywood loves the Spanish fiestas and celebrations.

The Spanish landscapes and cities are often used in movies that require a Wild West background. Spain also played host to some of the locations in Star Wars and has even Game of Thrones has been filmed there.

What Spain expects will appeal to the Bollywood boys are the ferias and fiestas and celebrations in Spain. Bringing in Bollywood also means bringing in a lot of Indian tourists with it too, a win-win for the country.

Madrid will play host to the annual International Film Awards; essentially the Indian Oscars. The event is going to bring some of the biggest stars of Bollywood to Spain including major names like Hrithik Roshan, star of the 2011 Bollywood epic Zindagi Na Milegi Dobara.

While you might struggle to get your mouth around that name you should definitely try and find a copy of it for yourself. The movie was set in Spain, with the La Tomatina festival in Buñol featured in the movie. It was filmed in Seville, Barcelona and the Costa Brava. It was the best selling movie of 2011 in Bollywood and brought a lot of positive attention to the diverse landscapes Spain offers to Bollywood producers.

Enrique Ruiz de Lera, the director of the London office of Turespaña, the company behind the deal with Bollywood producers, told the Spanish media that they saw an instant rise in the number of people requesting visas to get into Spain.

The figures released by the Spanish tourism industry show that over 60,000 Indian tourists came to the country in 2011, much higher than the previous year. The number had risen again by 2015; this time to 85,000. As the middle-class of India grows so too does the number of people making their way to Spain; already the top tourist destination in Europe.

The UN World Tourism Organisation expect that 50 million tourists worldwide will come from India by 2020, a massive increase on the 18 million Indian tourists of 2014. The tourism board of Spain, Turespaña, believe that the biggest factor in the rise of Spanish popularity with India is the success of Zindagi Na Milegi Dobara and they are keen to do more business with Bollywood.

Turespaña are expected to put together adverts featuring top Bollywood stars enjoying themselves at the Madrid show and in some of the more extravagant locations of Spain, showcasing what the country has to offer.

Construction industry in Spain witnesses a boom as Brits are on a buying spree in Costa del Sol

Construction industry in Spain witnesses a boom as Brits are on a buying spree in Costa del Sol

Not only are the Spanish footballers preparing for a hectic summer ahead. Joining them are magnates from the construction industry, as the signs towards the start of 2016 show a bright year ahead for the industry. As per the statistics released by the Ministry of Public Works, the total number of licenses for new Off-plan homes in Spain for Q1 was 16,782.

Off-Plan property sales are on the up and booming once again

There was a significant increase of 57.1% compared to the previous year and this was the best growth recorded ever since 2011. The main reason for this boom in the construction of residential properties can be attributed to the large number of foreign buyers interested in the Spanish real estate. Even now, the demand from foreign investors is only growing and natives of different European countries have continued investing.

Taylor Wimpey Espana, a popular homebuilder in Spain, released statistics of the total YTD sales in April 2016 and it has shown a growth compared to the previous year. The total number of British buyers increased by a whopping 48%. This is mainly because a large number of Brits are keen to buy a property in Spain and Costa del Sol is highly popular, with the majority of them planning to buy a property in the same region.

The Sales and Marketing Director of Taylor Wimpey Espana, Marc Pritchard, sees a bright future ahead for the housing industry of Costa del Sol. When asked about his opinion, he said:

“Construction within Spain’s residential sector is rising once more, as the demand from overseas buyers continues to strengthen the market. The Costa del Sol has always been a prevalent destination for Spanish holiday homes and is fast becoming the favorite once again amongst British second homeowners. As British buyers choosing Spain’s southern coastline increases, so too does the optimism surrounding the market and we would expect this positive trajectory to continue throughout the rest of the year.”

Taylor Wimpey Espana has recently developed an architectural marvel named La Floresta Sur, in the skyline of Costa del Sol. It is developed in the midst of a UNESCO reserve and it is constructed in the village of Elviria, which is close to the beach and enjoys a proximity to Marbella and Malaga.

The property is developed based on a Mediterranean style and the prices start from just €202,000 +VAT, which has configurations in 2, 3 bedroom apartments along with Italian styled penthouses with silestone worktops, thermal and acoustic insulation and central air conditioning as a part of the deal. Also, when you look out from this property, you will see an amazing view of oak and pine forest in the horizon extending into the sea and it also has two swimming pools, private parking and wonderful landscaping as a part of the project.

The development of Phase 4 is to be completed in the summer and the rest of the units are up for sale with a launch offer. They have enabled houses with fully equipped kitchens, shower area and furnishings as well which will be inclusive with the sale price.

This is one pristine property where you will get to enjoy the beautiful view along with the best possible golf courses in Costa del Sol, such as the La Cala Golf Resort and Santa Maria Golf, along with a direct access to El Soto Golf Club and a stone’s throw away from Nikki Beach Club.

Money Lost Through Off-Plan Spanish Property Deposits Can be Recovered

Money Lost Through Off-Plan Spanish Property Deposits Can be Recovered

We work with the Best Lawyers that return deposits in record time

The Spanish Supreme Court have come to a decision that could give over 100,000 Brits closure after their dreams of owning a Spanish property was crushed. They have ruled that the people who lost their money by depositing it to secure an off-plan property or by making stage payments can have their money returned.

The Off-Plan property deposits in question averaged around £40,000 and were lost after the Spanish financial crisis caused the companies the money was given to to either go bankrupt or disappear entirely. This ruling holds the banks in charge of the missing money responsible for paying back possibly to £4 billion in lost deposits to Brits and other northern European purchases.

While there is no official data on the matter Costa Del Sol Property Group have estimated that up to £15 billion could be refunded to off-plan buyers across Europe as a whole who saw their money disappear after the crash.

The money will be returned to people like John Thompson and his wife Debbie. Together they lost around €75,000 trying to buy property on the Costa del Sol. The property was bought off-plan and they paid several deposits on the property of up to half of the €150,000 asking price on the property.

Costa Del Sol Property Group are one of the most knowledgeable firms when it comes to this area of the law and work with the best lawyers that know the Spanish system and have a 100% record to date on a No Win No Fee. As such they put together their own dedicated legal team to help non-Spaniard reclaim lost off-plan deposits back following a no-win no-fee basis in record time. They also have team members who are fully fluent in English.

If you know anyone who might have lost money, contact them to get in touch with us or if you think you have lost money call us or contact us today. info@costadelsolpropertygroup.com or call us on uk free phone 0800 820 138 or +34 952 493 709 for free guidance.

Owing to the sudden demand for housing, off-plan buying is back in Spain

Off-plan buying is back in Spain

With the onset of property construction in Barcelona and Spain, buyers now have the option to modify their properties.

Due to the high supply without proportional demand as a result of the industry collapse in 2007-08, there are some areas of Spain that are so badly in need of new housing that off-buying has been a trend to cater to the increasing demand.

Buying Off-plan property is in demand again

As per Juan Antonio Gomez-Pintade, the President of APCE, said that there are several parts of Madrid, Barcelona and Costa del Sol with large stocks of unsold housing projects and now, they have become ‘practically inexistent’, due to several underlying factors such as the growth in economy overall, decrease in the unemployment levels and the sudden growth of property market on the whole perspective. Consider the case of Madrid, where there are around 3,000 homes available immediately, with 30% of the properties in the M-30 ring road’s proximity.

Due to this factor, the overall demand of the property increases and there is a reactivation of the construction industry which had come to a standstill in 2008 with many owner loosing their off-plan deposits until now. and last year, the total number of licenses granted shot up after a decline since 2008 and it was up by 42.5%. Going by this statistics, the activity is back and there is a recovery.

When the case of off-plan buying was considered, the recovery slowly started in 2013 and as of now, the growth in off-plan buying is termed as exponential in the case of Madrid and it is observed more often in the upper end market where there is a dearth of luxury amenities and top-class infrastructure in the homes provided. It is similar in the case of Barcelona as well, where people who do not have an issue with the delivery date are finding it to be highly beneficial as the prices are lower.

Also, the political uncertainty that prevails in Spain does not affect the housing market and the low interest rates are proving to be more encouraging to the investors with high anticipation for appreciation.

Even the markets that are dwindling due to a large number of unsold properties are slowly recovering and the recovery is spreading across regions, due to which buyers are getting a choice to make changes in the design and architecture of their property based on their individual preferences. Buying new and Off-plan property in the costa del sol is so in demand that as soon as the developments are released the majority of the properties get sold, confirming the recovery of the property market.

Experts forecast real estate market of Spain to see a growth till 2025

Experts forecast real estate market of Spain to see a growth till 2025

The real estate market in the Costa del Sol and Spain is set to see a 40% growth within the next ten years, opined an expert.

With the prevailing trends, the growth trends can be expected up to 2025 as per forecasts from Jose Luis Suarez, who is a professor of financial management at the IESE Business School.

After considering the existing property trends, Suarez said that the appreciation of property prices are certain for the next decade and it is similar to the trends exhibited by the real estate before it reached a new high in 2008, just before it crashed.

The professor predicts that the property price will go up by 40% by 2025, as Spain is a hot destination for property investments.

The demand for houses in Spain will go up and nearly 100,000 houses will be added every year until 2020, following which there will be an addition of 140,000 houses annually till 2025.

This time, the property hype is controlled and is not like the last time, with investors keeping it realistic and not expecting quick returns from the market. The increase in property prices for the first quarter in 2016 stood at 6.3%.

Suarez indicates that it is a bright season ahead for the housing industry after a lean period in 2014, where only 50,000 houses were added, unlike the peak of 800,000 houses back in 2008 before it all crashed.