Archives for September 2007
September 3rd, 2007
The National Association of Estate Agents (NAEA) and the Federation of Overseas Property Developers, Agents and Consultants (FOPDAC) have signed a formal agreement this week to merge FOPDAC with the international section of the NAEA. The new name is to be ‘NAEA International incorporating FOPDAC’. Both the NAEA and FOPDAC are ...
Continue reading Estate agent bodies merge
September 4th, 2007
One of the quieter Canary Islands sees massive growth in number of residents from 1998 to this year. Popular with watersports fans for decades, it seems that Fuerteventura has also become extremely popular with expats. Back in 1998, the official population of the island was just 49,020 but by the 1st ...
Continue reading Fuerteventura's Population Doubles
September 5th, 2007
Spain’s proactive approach to tackling the spreading deserts makes it ideal for long-term property investment. If you’re keen to live in a country where green issues are at the top of the agenda, you really can’t do better than Spain. The country’s proactive attempts to curb global warming have already led ...
Continue reading Madrid Foresees A Greener Future
September 7th, 2007
Plans to improve the current harbour facilities of Cartagena in south-eastern Spain could lead to increased property values in the region. Homeoverseas reports that around €1 billion (£675 million) is to be spent by the local authorities on transforming the town’s current harbour into a major port to ensure strong ...
Continue reading Investment in Cartagena boosted by new port
September 6th, 2007
The cost of a Spanish home has doubled in the past five years. House prices in Spain have risen at a faster pace than anywhere else in the eurozone over the past five years, outstripping even a strong UK market, figures showed today. Research by mortgage lender Halifax found the cost of ...
Continue reading Spain and UK lead Euro property boom
September 7th, 2007
The AIPP is conducting a consumer survey and are asking for your help in identifying how the international property market can be improved. By promoting the highest standards of professionalism in the overseas property industry, the Association of International Property Professionals (AIPP) aims to provide the consumer with confidence, and the ...
Continue reading New AIPP Consumer Survey
September 10th, 2007
Euribor – the interest rate most commonly used to calculate mortgage payments in Spain – rose again last month to 4.666% (to be confirmed by the Bank of Spain). This will push up the cost of financing a Spanish property purchase with a mortgage in Euros. There have now been 23 ...
Continue reading Spanish Mortgage News
September 11th, 2007
As Benjamin Franklin once said, ‘in this world, nothing can be said to be certain, except death and taxes’. It is true that there is no escape from some taxes, but it is possible to avoid others and man has been attempting to do so since time immemorial. Over recent ...
Continue reading Taxing Issues
September 12th, 2007
Figures from the Bank of Spain reveal that foreign investment in Spanish property increased by 19.2% in the first 5 months of the year compared to the same period in 2006. The amount invested by Spaniards in property outside of Spain almost doubled over the same period. The total amount invested ...
Continue reading Foreign investment in Spanish property up by 19%
September 13th, 2007
As winter begins even in Spain, bookings from British holidaymakers enhance the Costa Blanca’s buy-to-let market. Throughout the UK’s drizzly summer, hoteliers and holiday homeowners in Spain saw record number of bookings from British tourists, especially on the Costa Blanca. Many are fully booked well into October, with most customers paying high ...
Continue reading Brits Boost Costa Blanca Tourism
