New Villas between Marbella & Estepona | From €659,000 | Click Image for Details
Demand for new-build properties will rise between 120,000 to 140,000 per year by 2018, according to a new report by analysts Coldwell Banker Richard Ellis (CBRE).
The new-build and off-plan property market in Spain is experiencing resurgence, following years of domination from the second-hand property market. The off-plan market reached dizzy heights in the property boom years but following the property crash in 2008 second-hand property sales picked up and started a swifter recovery than the off-plan market. Read more »
Luxury Apartments in Marbella West | from €373,000 | Click image for details
Spanish apartments that have a terrace are worth 36% more than apartments without one, a report by property portal Idealista.com reveals.
The report studied the asking prices of its database of apartment listings in Spanish cities and found that flats with exterior space commanded an average asking price of €212,792, compared to €156,000 for flats without. Read more »
Luxury Villas in Estepona | from €714,000 | Click image for details
Western European focused property fund, Schroder European Real Estate (Sereit), has around €30 million to invest in property by the end of the year, and Spain is the most likely country they will invest in.
Sereit was set up by asset manager Schroders and aimed to be a Europe-focused fund raising €240 million. The company acts as a rand hedge for South African investors, whom of which have been buying Sereit shares to gain exposure in Germany, France and Spain. Property acquisitions by the firm have so far amounted to €210 million. Read more »
Modern Villa in Mijas | €785,000 | Click image for details
There was an increase in the number of Spanish residential property sales to foreign buyers in the first three months of the year (Q1), with Britons accounting for the highest number of property purchases, despite Brexit, according to the latest data from the Spanish Land Registrars.
Foreign demand for properties in Spain grew by 15.6% in Q1, representing 14,870 property transactions. Foreign property purchases accounted for 13.1% of the overall Spanish housing market, slightly more than the same period last year. Read more »
Luxury Villa in Marbella | €2,350,000 | Click image for details
The Spanish property market is awash with new investment opportunities due to a rise in demand for new properties, easier access to credit and falling unemployment levels.
Economic growth in Spain is creating new opportunities for would-be buyers, giving them easier access to mortgage loans and credit; a fall in unemployment means that owning a home becomes a viable option for people again. Read more »