HOLIDAY MAKERS are being offered the opportunity to fly to Turkey from The announcement that tour operator OSKA Travel will be offering flights to Antalya in April comes less than two weeks after Ryanair announced Crete would also be added to their destination list. Continue reading →
A study by a Spanish banking association concludes that bank repossession properties are on average twenty percent more expensive than properties sold on the open market.
The association of Users of Banks, Savings Banks, and Insurance (Adicae) looked at 96 properties offered by six banks. Continue reading →
Spending by international tourists in Spain reached a new record high in October climbing by 16.8% to reach 5,476 million euros. This sharp increase in spending by international tourists was due both to the increase in the number of tourists (6.9%), as well as a 9.3% rise in the average spend per tourist in the month, which reached an average of 1,001 euros, according to the EGATUR Tourism Expenditure Survey, prepared by the Department of Tourism Studies of the Ministry of Industry, Energy and Tourism. Continue reading →
Home sales in September fell by 9.2% year-on-year (apartments by 13.1%), despite the fact that, in the same month, housing prices fell by 14.7% compared to September 2012, registering a record low since the start of the crisis of 1,162 euros per square metre, according to the latest statistics published by the General Council of Notaries. Continue reading →
Is the British overseas property market about to turn a corner? I’m not usually an optimist but the signs look good for 2014.
The three biggest drivers of market growth appear to be coinciding for the first time since the heady days of the boom.
UK house prices, particularly in the South of England are skyrocketing providing the potential for equity release and a feel good factor.
Overseas mortgage specialists Conti say Spain is now the world’s number one destination for Britons buying overseas, accounting for 43% of enquiries.
With some holiday homes selling for just 20% of their original asking price, Spain has outperformed every other country in the three months to October, including France. Continue reading →
Since the Spanish property boom ended, investors in real estate in the country have largely focused on modern new build homes in popular tourist destinations.
However, the tides appear to be turning and according to the Global Property Guide, more and more buyers are looking to distressed property as buy-to-let investments. Continue reading →
The large number of construction sites left untouched since the burst of the real estate bubble may have been a major concern for the Spanish property market in recent years, but there seems to be light at the end of a long dark tunnel. Several banks that financed the development of these projects have ceased the sites, resulting in rumbling house and apartment prices. Continue reading →
Until now, foreign nationals buying property or land in Turkey have had to apply for military clearance – a check to ensure that the land upon which the property sits is not located in a military zone (foreign nationals can’t purchase land and property in zones declared as military zones). Continue reading →
A Eurogroup report shows the country’s financial institutions are now in a sound position, having only used 41.3 billion euros of the 100 billion bail-out fund applied for in spring 2012. Continue reading →