Archives for May 2007

May 31st, 2007

So, you own a property overseas. Lucky you. And now you want to make it earn its keep by letting it out. Doing so successfully can be as tricky as buying the right place to start with, but don’t despair: rental success abroad can be yours, provided you follow some ...

Continue reading Property abroad can make you a tidy sum

May 30th, 2007

Despite the recent property crisis in Spain, Tenerife’s property sales are still rising. Reports that the housing bubble in Spain has burst have led to an increase in property sales elsewhere around the mainland. Tenerife, fortunate to have all year round perfect weather, is well placed to cater for the ...

Continue reading Property Boom in Tenerife

May 30th, 2007

The Channel 4 hit show A Place in the Sun has again been in the Costa Tropical, Granada, Andalucia, Spain and featuring the beautiful Marina Del Este in La Herradura, enlisting the help of local property professional Nick Westby of www.wisemovetospain.com. The Costa Tropical again features highly in one of the ...

Continue reading A Place in the Sun highlights the Costa Tropical

May 29th, 2007

In the UK, we take the reliable and accurate house price index from the Land Registry for granted. In Spain, such information is not available - and the information which is published from 'official' sources is inaccurate and unreliable. Even worse, the majority of speculation of a house price crash ...

Continue reading The Truth About the Spanish Property Price Crash

May 28th, 2007

Come 1 July, Spain will have a new land law aimed at part in curbing ‘exorbitant house prices’. Passed by Spain’s upper house of Parliament, the Bill targets speculators and planning corruption by requiring disclosure of all owners of land being developed in the previous five years within official documents. Local ...

Continue reading Spanish law targets property speculation

May 24th, 2007

Many Britons dream of owning a property in Spain, but research shows that when buying property abroad, only three in ten Britons have a survey carried out. Banco Halifax Hispania believes that the importance of having a survey carried out cannot be overlooked when buying a property in Spain, as there ...

Continue reading Get a survey when buying a property in Spain

May 23rd, 2007

The number of occupied holiday lets in Spain has risen over the last 12 months, according to recent figures. This is positive news for holiday homeowners in Spain in the wake of recent worries over the property market. Overnight stays in holiday homes totalled 4.8 million, a rise of 2.2% on figures ...

Continue reading Holiday home rentals on the up in Spain

May 18th, 2007

Martin Dell, Kyero.com: A recent article in The Daily Telegraph highlighted that property owners in Spain cannot legally let their property without a special licence. In many areas of Spain, even if the licence is applied for, it is rarely granted. Of course, property owners cannot know whether a ...

Continue reading Are You Renting Your Property Illegally?

May 17th, 2007

A short drive from the centre of the glitzy resort of Marbella on the edge of a banana plantation with views over the Mediterranean, the newly built beach front apartment seemed too good an opportunity to miss for Jack and Yvonne Burditt. The Devonshire couple were looking to invest their ...

Continue reading Counting the Costa

May 11th, 2007

NEW Polaris World Resort, now released - Prices from £99,000 La Isla del Condado is a development of just 396 apartments, uniquely situated on an island surrounded by the Great Lake of the Polaris World Golf Resort of Condado de Alhama. La Isla occupies one of the resort’s finest locations - more ...

Continue reading Imagine Living on Your Own Island

May 10th, 2007

Imagine what would happen if a prosperous Western nation threw open its borders, allowing immigrants to flood in virtually unchecked. Soaring unemployment, overstretched social services, rising crime, even rioting in the streets? Not in Spain. Over the past decade, the traditionally homogeneous country has become a sort of open-door laboratory ...

Continue reading How Spain Thrives on Immigration

May 9th, 2007

According the National Institute for Statistics (INE) there are now 15 Valencian towns where foreigners outnumber Spanish residents. All of the towns are in the province of Alicante, mainly in and around the areas la Vega Baja and Marina Alta. In San Fulgencio 73.9% of those who took part in ...

Continue reading Foreign Residentes Outnumber Spaniards

May 8th, 2007

Could you use another gin and tonic? Signs that the Spanish housing market is about to implode are jangling nerves among some Brits. A lot of previously smug owners of holiday homes, not to mention deeply tanned expats, are worried sick. Last week, shares in Astroc - a Valencian property developer ...

Continue reading Pain in Spain is Mainly on the Wane

May 7th, 2007

A recent report compiled by property consultants Aguirre Newman, has shown that the average time taken to sell a house on the Costa del Sol has risen to 35 months. This is one of the conclusions in the report published annually which indicated a rise over the figure of 32 months ...

Continue reading Properties Taking Longer to Sell

May 4th, 2007

As fears grow in Spain that the housing market bubble will burst, should you sell up or hold tight? Half a million Britons who own properties in Spain are being urged to hold their nerve after experts warned of an impending property crash that could wipe tens of thousands of pounds ...

Continue reading How to Survive the Crash