Category: European Property

Spain offers residency to anyone buying a home worth more than 160,000 Euro

Spain looks set to offer residency to anyone buying property worth over £130,000 in a bid to save their housing market. At present, there are said to be 700,000 unsold Spanish properties on the market and new policy could see foreigners being given residency permits if they buy a property worth more than 160,000 Euro.

Trade Ministry secretary Jaime Garcia-Legaz said the plan, which is expected to be approved in the coming weeks, is aimed specifically at the Chinese and Russian markets.

Property Watch: Spain rules the roost

Spain’s austerity measures certainly didn’t dampen the spirits of property investors in September, according to TheMoveChannel.com’s Investment Watch.

Three of the top ten spots in the Investment Watch table were taken up by properties in Spain, with La Manga and Ibiza proving to be very popular destinations for prospective investors.

Properties in Las Lomas Village, Murcia and Ibiza attracted more enquiries than all other properties in the table combined, which shows that Spain’s retains its enduring ability to attract sun-seeking property investors.

Brazil also featured heavily in the table, which comes as no surprise given the perennial appeal of beach properties.

At a glance: Buying property in Greece

The Greek housing market is all at sea, according to TheMoveChannel.com’s latest At a Glance report.

The infographic, which depicts the activity on the portal over the last year, shows that interest in mainland property is markedly low compared to homes on the islands, which accounted for an overwhelming 64.97 per cent of all enquiries.

The Peloponnese was the most popular region on solid ground, generating 15.49 per cent of enquiries, while Attica received some attention thanks to property in Athens, but northern areas, such as Central Macedonia, received far fewer enquiries. Some, such as West Macedonia, saw no enquiries whatsoever – indicative of a lack of sellers as much as buyer demand.

Bag a property bargain in Albania

Albania PropertyDoes the thought of traveling to the usual hotspots of Spain, Greece and France no longer appeal? If the desire to expand one’s horizons in search of ancient history, imposing mountains and calm blue waters seems more tempting than fighting for a square inch of beach to lay your towel on the Costa del Sol, the Adriatic nation of Albania might just make for the perfect summer destination this year.

UK Buy-To-Let Property Boom

UK buy to let newsSometimes you don’t need to look abroad in order to invest in property. Many UK property investors are snapping up property in their own country to cash in on the buy-to-let boom.

According to the UK’s Council of Mortgage Lenders (CML), a record 1.4 million ‘landlord loans’ are currently invested into property. With poor savings rates, many people are now looking at buy-to-let properties as a way of making money, particularly as rents are close to being at an all-time-high.

Albania named as Hot Destination of 2012

albania propertyThe Balkan nation of Albania was relatively unknown a couple of years ago and if mentioned, it was most certainly not as a holiday destination. But things are changing rapidly with this enigma of a country repeatedly hitting the travel headlines these days for all the right reasons.

In 2011 the auspicious Lonely Planet guide put Albania in at #1 in their ‘Best in Travel for 2011’ list. Shortly after, London’s very own global business newspaper, The Financial Times dubbed Albania one of the year’s most intriguing prospects for emerging travel.

US vs EU Ski Property Investment

ski property investmentWhen thinking about investing in ski property, the US is probably not the first place that comes to mind. Most often, property investors think more towards the French Alps. However places such as Colorado offer equally good opportunities to those wishing to purchase a ski property investment.

One of the major attractions of purchasing a skiing property in the US rather than Europe is the cost. Since the global recession, US property has tanked and has yet to fully recover. This means that there are more opportunities for investors at both ends of the scale – budget ski properties and luxury skiing properties. Estate agents in Colorado have said that some properties have seen price drops of up to 35pc since their highest point and this has piqued the interest of increasing numbers of international property buyers.

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