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Why swapping the UK for Spain could make financial sense

Posted on by peteradmin247

Why more British retiring or considering retirement should consider living in Spain.

British people on the verge of moving to Spain watched the Budget in March with particular interest, keen to see how economic conditions in Spain now compare with those in the UK. The result is, if they’re retired so not needing to work, they’re likely to be inclined to head for the Spanish sunshine. Continue reading →

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Spanish Property Continues to Attract Foreign Investors

Posted on by peteradmin247

Despite the economic uncertainty surrounding the country and the global recession, foreign investors are continuing to put their confidence in Spanish real estate. In fact, according to statistics from the Bank of Spain, during 2012, international property investment in Spain grew by 17% to more than 5,445 million euros. Continue reading →

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Spanish house prices fell by 13.7% in 2012

Posted on by peteradmin247

According to the Housing Price Index published by the National Statistics Institute on Friday, the price of private homes in Spain fell an average of 13.7% in 2012 compared with the previous year, thus registering its fifth consecutive annual decline, and its biggest since the outbreak of the crisis. Continue reading →

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More overseas nationals buying property in Spain

Posted on by peteradmin247

The latest figures from the General Council of Notaries has revealed a substantial 28.4% increase in the number of foreign and non-resident buyers of Spanish property in 2012, with declining property prices the main reason attributed to the rise in the volume of people buying property in Spain over the last 12 months. However, the data contrasts with last month’s INE figures which revealed that there was a 3% fall in the overall number of Spanish property transactions last year. Continue reading →

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Resale asking prices remain stable in Spain

Posted on by peteradmin247

Resale asking prices in Spain remained stable last month following 36 consecutive months of declines, according to the monthly index produced by Spanish property portal Fotocasa.

Resale asking prices in the Fotocasa database averaged €1,890sqm in January, almost the same as in December. That is the first time there has been no monthly decline in prices since February 2010. Continue reading →

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Turkey to Build Worlds Largest Airport in Istanbul

Posted on by peteradmin247

ataturk-airport-istanbul-turkey With 130 million passengers passing through Turkey’s airports last year (2012), numbers were up by 85% on 2007 which was considered the peak of the holiday property market. Clearly the country is in growth mode and must prepare for continued substantial growth into the future. Continue reading →

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Swedish Home Buyers Up 138%

Posted on by peteradmin247

The percentage of Scandinavian citizens buying homes on the Spanish coast is growing every year, making them one of the leading nationalities looking for bargain properties in areas like the Costa del Sol and the Costa Blanca. Between 2008 and 2010, the volume of Swedish buyers grew by over 138% with the average buyer looking for a two bedroom apartment with terrace and willing to spend about 160,000 euros. Continue reading →

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Property in Costa Blanca remains top choice for buyers

Posted on by peteradmin247

With its delightful subtropical climate, miles of golden sandy beaches and mountainous interior, the Costa Blanca remains the most attractive and popular region to buy property in Spain, according to house builder Taylor Wimpey España. Continue reading →

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What is a Spanish NIE number, and how to get one?

Posted on by peteradmin247

NIE is an abbreviation for Número de identidad de extranjero, which translates as ‘Identification number for foreigners’. The  main purpose of the NIE for Spain is fiscal control. Without a Spanish NIE number, the Spanish tax authorities are unable to Continue reading →

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Euro rallies against Dollar and Pound

Posted on by peteradmin247

The Euro is up 1.38pc against the Pound in the last month, and 2.94pc against the Dollar.

The end of the year brings about much festivity but goodwill to all men is perhaps not what can be relied on when you look at the state of the world economy and projections about the UK for what could yet prove to be an un-happy New Year. Continue reading →

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