07 Aug 2016 Against the odds, Spain is now being touted as a property safe haven.
Source: The Sunday Times
As comebacks go, the renaissance of the Spanish property market has to rank alongside this year’s Abba reunion or Boris Johnson’s phoenix-like rebirth from betrayed Brexit pariah to foreign secretary.
Whisper it, but Spain, one of the countries hardest hit by the global financial crisis, has become a safe haven, with the economy forecast to outperform both Britain and Germany this year, and Moody’s, the credit ratings agency, estimating that house prices will rise by 5% in 2016, “bolstered by economic improvements and the lowest mortgage rates since 2011”. By contrast, home values in the UK are expected to stagnate . . .
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10 Dec 2015 FOREIGN DEMAND: Up 20% in third quarter, British demand up 53% Foreign demand for property in Spain is close to record highs as a percentage of the Spanish housing market, and continues to expand on the back of British demand. Read More >>
15 Nov 2015 Spain favourite Mediterranean destination for Chinese investors.Spain is the top destination for Chinese investors in the Mediterranean, with demand up 392% in a year, behind only Cyprus in terms of annual growth.. Read More >>
15 May 2014 Many agents are reporting sharp increases in sales in the Denia region. Euro Weekly News have reported that property sales for April actually trebled over March with 60% of sales going to foreigners, mostly French and Belgium.
26 Nov 13 There is no doubt that the “Golden Visa” has had a major impact on property prices in Spain with buyers from Russia, China & the Middle East flocking to the region. -
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8 Oct 13 The Spanish government:Golden Visa approved and expected to vastly improve middle to lower Spanish markets.
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12 Sept 13 Propertiesabroad.com reports that Brits are returning to the Spanish property market.
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08 Jan 13 Spanish IVA tax changes. From immediate effect, IVA becomes 10% on new build and ITP (resale transmission tax) becomes 8%.
02 Nov 12 Spanish rental yields rising. OPP reports that figures released by the Bank of Spain have revealed that the average gross rental yield in Spain is on the rise, up to 4.08 per cent from a low of 3.29 per cent in June 2008.
02 Nov 12 Spanish mortgages 40% cheaper than 2008. OPP reports that recent data published by the Spanish Mortgage Association (AHE) has revealed that the average mortgage in Spain is now 40% cheaper than it was four years ago.
20 Sept 12 'Back in the Game'.
Figures released last week by the Ministry of Development has revealed that 9,502 housing transactions were made by foreigners in Spain during the second quarter of this year over the same period in 2011 - the highest figure seen 2008 when transactions reached 11,130. Source: The Move Channel
13 Sept 12 Last month saw 53% of all property sales in August made to British clients - the strongest sales month to British buyers since September 2010.
Source: The Move Channel