Category: Spain

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.

Q3 2011: A bumper quarter for Spanish property

spanish propertyWith all-time record numbers of tourists visiting Spain, seeing 7.64 million foreign visitors in August alone, a 9.4% increase over the same month in 2010, it seems that the third quarter of 2011 has been a bumper period for Spain, with Spanish property prices rising in certain locations.

Statistics from Kyero.com, Spain’s largest English language property portal, for Q3 2011 show that the national average asking price for property in Spain increased to €266,100 in September compared to €263,000 back in June this year, suggesting a shortage of quality properties in the most popular regions.

Property Investment Location Focus: Murcia, Spain.

Murcia propertyThe Spanish province of Murcia in the south-east of Spain is proving to be a popular choice for overseas property investors.

According to TheMoveChannel, Murcia was one of the most searched for locations for Spanish property in August 2011 – with La Manga, Caragena and Mar Menor being the areas with the most interest.

50% Property Tax Reduction For New Build Spanish Property

The Spanish Government has announced new measures to help boost the new build property market in Spain with IVA (VAT) havled from 8pc to 4pc.

This IVA reduction will apply until the 31st December 2011 and will hopefully boost the flagging new build Spanish property market,

Minister of Development Jose Blanco explained that the IVA cut was to help revive the Spanish construction sector and help to create jobs in an area hit hard by the recession.

Property purchasers have welcome the news – as the Spanish IVA reduction can mean a large saving. Buying a €200,000 property will see €8,000 saved.

Is property in Spain worth a punt?

Spanish propertyThe Spanish government estimates there are 700,000 unsold new-build houses across the country currently on the market thanks to a massive oversupply of houses. So does this mean that property investors will be able to pick up a Spanish property investment bargain?

Spain has long been a popular destination for British expats who have looked to the country for their retirement years. The strong demand for housing led to a buoyant Spanish property market.

Northern Spain’s Property Gems

Many property investors are put off by buying property in Spain because of the problems with some properties in recent years and the large, crowded expat community. However there are still some hidden property gems in Spain and the country should not be overlooked.

Many overseas property investors have traditionally looked to Southern Spain when investing in Spanish property. However Northern Spain is starting to gain in popularity because it is a world away from the built-up, owercrowded areas in the South and is full of spectacular scenery, a laidback, friendly culture and fantastic food.

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