With 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. Read more... (570 words, 1 image, estimated 2:17 mins reading time)
The 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. Read more... (325 words, 1 image, estimated 1:18 mins reading time)
Albania is increasingly looking like a good place for foreign property investors to buy property in. According to Albania’s Central Bank, economic growth in the second quarter of 2011 will be around 3.4%, the same level registered in Q1 2011 with a forecast of lower inflation for the remainder of the year.
Over the last ten years, Albania’s economy has seen real GDP growth and, despite the economic downturn in 2008, is one of only two countries in Europe that not only recorded economic growth of 0.4% in Q1 2009 but also an impressive 6% growth from 2001-10 – meaning Albania can boast one of the strongest performances in Europe. Read more... (252 words, estimated 1:00 mins reading time)
Spain has provided the perfect holiday haven for years, considered one of the most popular tourist destinations in the world with the second highest tourism revenue on the planet, while a study by Frontur recently found that 24.8 million holiday makers so far this year have visited Spain representing an impressive 7.5% increase compared with 2010.
Of course, when it comes to finding a place that provides beauty, tradition and tranquillity mixed with luxury living, beautiful people and pumping nightlife, the magnificent Spanish island of Mallorca wins every time. Read more... (799 words, 1 image, estimated 3:12 mins reading time)
Traditional foreign property markets have continued dominate the overseas property investment market with the top three countries sharing nearly a third of all overseas property searches.
Research by TheMoveChannel.com has shown that in June, the majority of people looking to invest overseas were most interested in properties and real estate in Spain, France and the USA. Although there are plenty of countries which are seeing increasing numbers of overseas investors in property, it appears that the majority of investors want to go for a country they know. Read more... (223 words, 2 images, estimated 54 secs reading time)
BuyingForeignProperty.com takes a closer look at property investment hotspot, Méribel.
Méribel, best known for being a top winter ski destination, transforms into a totally different kind of playground in the summer months, providing intense scenery covered in brightly coloured flowers and rich green trees all lit up by the sparkling sunshine. Yet remarkably, this Alpine hotspot remains a relatively undiscovered summertime land with many being unaware of the vast and varied outdoor activities that Méribel has to offer. Read more... (806 words, 1 image, estimated 3:13 mins reading time)
May saw a surge in French leaseback enquiries after the French government announced a second homes tax.
French property company, Pierre & Vacances (P&V), saw a major surge in leaseback enquiries during May from British investors following news that the French government plans to impose a 20% property tax from January next year on non-resident second homeowners.
Following the announcement of the proposals in early May, the number of enquiries for leaseback properties last month was more than double that of April as Britons interested in buying a property in France looked at options that are immune to this new tax. Read more... (502 words, 1 image, estimated 2:00 mins reading time)
With 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.
