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Look out for our 60 second property show on face youtube.com http://youtu.be/ySsAPsqae9c
Also look out for our Face book page just put in Spanish Dream Property and up it pops we have two properties a month for you to have a look at.
Also look out for our Face book page just put in Spanish Dream Property and up it pops we have two properties a month for you to have a look at.
Has the Spanish property market hit the floor??? The Spanish government have been on the road lately promoting a PR exercise stating that the Spanish property market is on the rise! My opinions are not too dissimilar to that of the government´s but they are based on different facts. I base my opinions on what is actually happening on the ground. I think a potential rise in the market is based on 3 factors, stemming from the old Supply and Demand argument. It is also based on the Resale market which is the most vibrant and realistically priced market. Builder ´Key Ready´ properties and Bank repossession properties are still above the market value as their prices include built-in bank and builder debt. They are not based on client debt which is much more elastic because it depends more on human behaviour and personal circumstance. Have we hit the floor? Yes, I believe so.Why?We are still selling a high volume of properties monthly. Also, our enquiries are high, therefore the buyers are out there. Demand is high.Vendors have stopped dropping prices and would rather take their property off the market. Prices are now at the 1990's level.Interest rates are at an all time low and banks are starting to release more funds into the market. Normally a boom follows a period of low interest rates.
I predict a slow rise in Spanish property prices over the next 2 years. Of course other factors will influence the market, such as unemployment in Spain, bank debt, the strength and stability of the Euro and the strength of Sterling affecting the Spanish expat areas.
In summation, Spain has learnt a lot from the last recession
now having a more stable property market, a tighter fiscal legal system and a more stringent banking system. So, is in the right time to buy? In the more established locations, yes!
Kieran Byrne - Managing Director of an Estate Agent in Spain
(B.A in Economics, MA Business Administration)
http://www.spanishdreamproperty.com/
Info@spanishdreamproperty.com
Tel 08432896384 low cost call
I predict a slow rise in Spanish property prices over the next 2 years. Of course other factors will influence the market, such as unemployment in Spain, bank debt, the strength and stability of the Euro and the strength of Sterling affecting the Spanish expat areas.
In summation, Spain has learnt a lot from the last recession
now having a more stable property market, a tighter fiscal legal system and a more stringent banking system. So, is in the right time to buy? In the more established locations, yes!
Kieran Byrne - Managing Director of an Estate Agent in Spain
(B.A in Economics, MA Business Administration)
http://www.spanishdreamproperty.com/
Info@spanishdreamproperty.com
Tel 08432896384 low cost call
Spanish Dream Property now have access to bank repossession properties. There are many thousands of properties in Spain now owned by banks, either reposed or voluntarily handed back to the banks in the last 3 years. These properties are now available to buy, some at below market value. However we do not carry details on the web site as the availability changes weekly. If you are planning to visit Spain to view property either with ourselves or independently, we can arrange for you to see suitable bank properties during your visit along with great value re-sale properties.
www.spanishdreamproperty.com
01603 41529
info@spanishdreamproperty.com
www.spanishdreamproperty.com
01603 41529
info@spanishdreamproperty.com
Spanish property is a better investment than Florida.
“If you’re buying in Florida for retirement,” said Winzer, “maybe you buy next year when prices will be near the bottom. And if you’re buying for investment — don’t.”
“Housing [in Florida] went from being the pre-eminent investment of choice to toxic waste,” says Richard DeKaser, an economist with the Parthenon Group.
Florida’s state Census Bureau revealed this week that 18%, or 1.6 million, of its homes are now sitting empty. The number of unoccupied homes has now risen by 63% over the past 10 years.
These are just some of the pessimistic reports coming from experts in Florida. It is claimed that parts of Florida will take 20 – 25 years to recover from the slump that has seen the value of housing in Florida drop to less than half it’s peak prices and still it’s falling. And the news isn’t much better in other parts of the States either.
So if your looking for a home in the sun then look to Spain, where the news is much better. On the Costa Blanca the prices are now fairly stable but there are some great bargains to be found still. In some parts of Spain prices are even rising. The new Paramount Park to be built in Murcia will boost house prices there in the next few years so the Costa Calida is also looking good from an investment perspective. The Costa del Sol isn’t fairing as well at present due in part to uncertainty around the many thousands of illegal builds which are still being processed for legalisation or demolition resulting in ‘bad press’ but there are plenty of legal and good quality homes available.
The British are not the only ones seeing the potential in Spain again. The Scandinavians are buying, so are the Russians, Irish, and the Belgium’s to name a few. The interest from northern Europeans is keeping the market fluid. Investors are coming back to Spain too, a sure sign that the market is expected to move forwards. With few new building projects the surplus supply of new build properties will slowly decline and eventually lead to a shortage of new properties on the Costas.
Taken from the global perspective on real estate, Spain’s experience has been similar to many other counties, including the UK, with a fall in house prices since 2007. But maybe the time has come to consider what a place in the sun can do for you and where better than the tried and tested favourite of Spain?
www.spanishdreamproperty.com
01603415296
info@spanishdreamproperty.com
“If you’re buying in Florida for retirement,” said Winzer, “maybe you buy next year when prices will be near the bottom. And if you’re buying for investment — don’t.”
“Housing [in Florida] went from being the pre-eminent investment of choice to toxic waste,” says Richard DeKaser, an economist with the Parthenon Group.
Florida’s state Census Bureau revealed this week that 18%, or 1.6 million, of its homes are now sitting empty. The number of unoccupied homes has now risen by 63% over the past 10 years.
These are just some of the pessimistic reports coming from experts in Florida. It is claimed that parts of Florida will take 20 – 25 years to recover from the slump that has seen the value of housing in Florida drop to less than half it’s peak prices and still it’s falling. And the news isn’t much better in other parts of the States either.
So if your looking for a home in the sun then look to Spain, where the news is much better. On the Costa Blanca the prices are now fairly stable but there are some great bargains to be found still. In some parts of Spain prices are even rising. The new Paramount Park to be built in Murcia will boost house prices there in the next few years so the Costa Calida is also looking good from an investment perspective. The Costa del Sol isn’t fairing as well at present due in part to uncertainty around the many thousands of illegal builds which are still being processed for legalisation or demolition resulting in ‘bad press’ but there are plenty of legal and good quality homes available.
The British are not the only ones seeing the potential in Spain again. The Scandinavians are buying, so are the Russians, Irish, and the Belgium’s to name a few. The interest from northern Europeans is keeping the market fluid. Investors are coming back to Spain too, a sure sign that the market is expected to move forwards. With few new building projects the surplus supply of new build properties will slowly decline and eventually lead to a shortage of new properties on the Costas.
Taken from the global perspective on real estate, Spain’s experience has been similar to many other counties, including the UK, with a fall in house prices since 2007. But maybe the time has come to consider what a place in the sun can do for you and where better than the tried and tested favourite of Spain?
www.spanishdreamproperty.com
01603415296
info@spanishdreamproperty.com
In all property market downturns there is a lot of sitting on fences before committing to purchase, but there always comes a moment when price reductions get so interesting it’s time to get down off the fence. Given the stable and steady increase in Overseas Property prices over the course of years, Property Investment still provides a safe and secure way to increase your wealth base.Known commonly as distressed sales, property bargains are being offered to market at heavily discounted prices. A window of opportunity has opened up for buyers who want the best property at a reasonable price. That window won’t stay open for ever. The pound may still be struggling against the euro, but local price cuts in Spain have returned them to good value holiday destination status. Prices have fallen dramatically in Spain over the last 12 months, making the country one of the cheapest for typical holiday spending items in a 36-nation list.Will property prices in Spain drop any further? In vastly developed areas quite possibly, although reputable & key areas are already seeing prices rise again. Well located and quality property has seen prices already bottomed out and the number of purchasers is increasing. It is more than six decades since residential tourists discovered the likes of Marbella and with the property market once again beginning to stir, Spain has some excellent properties for reasonable prices.The Spanish Government, Developers and Banks are drawing a common strategy in an attempt to promote Spanish property market abroad, with the UK and German home buyers in the spotlight. Also to encourage buyers investing in property, the Spanish Government says it wants to give more security to foreign property buyers.There are properties available at more or less the construction price and in the long term these have to be a good investment. It’s a great time to buy a property for anyone with a long term vision and for their own use. As always the key when buying is location and with an abundance of completed property awaiting sale in key areas of Spain could make now the perfect time to invest. The expert recently named Spain as one of her top spots for buying property overseas, along with France, Italy, Portugal and the US.
www.spanishdreamproperty.com
www.spanishdreamproperty.com
Confidence in the spanish market
Spanish Dream Property
Confidence is gradually returning to the spanish market as holiday home buyers take advantage of the market. The feeling is that it's finally bottomed out and developers are beginning to start new projects. In some parts of Spain prices have dropped by 50% and are back to the level they were 10 years ago, and the many believe they cannot drop any further.
Buyers are finding great bargains as some are sold fully furnished and ready to let, and as they are in well-established areas they are easier to mortgage. There is also likely to be greater demand for holiday rentals this year due to the troubles in Egypt; low cost airline Jet2.com has just announced it is replacing its suspended Egypt programme with extra flights to Spain and Portugal.
The opening of the new international airport at Murcia City is certainly expected to improve the property market in Costa Blanca and two property developers have already announced new plans for residential projects. Some local estate agents are wondering if they are being a bit too optimistic as they are seeing little demand for of plan property. Much of the interest in this area is being generated by the new Paramount theme park but building work has yet to begin on this attraction.
In order for confidence to fully return to the property market and for the Spanish economy to improve, unemployment levels need to fall and the Organisation for Economic Co-operation and Development has said reducing unemployment is the key to recovery. Unemployment levels vary widely across Spain but are being exacerbated by the property market, although the Paramount theme park is expected to generate much need
www.spanishdreamproperty.com
Spanish Dream Property
Confidence is gradually returning to the spanish market as holiday home buyers take advantage of the market. The feeling is that it's finally bottomed out and developers are beginning to start new projects. In some parts of Spain prices have dropped by 50% and are back to the level they were 10 years ago, and the many believe they cannot drop any further.
Buyers are finding great bargains as some are sold fully furnished and ready to let, and as they are in well-established areas they are easier to mortgage. There is also likely to be greater demand for holiday rentals this year due to the troubles in Egypt; low cost airline Jet2.com has just announced it is replacing its suspended Egypt programme with extra flights to Spain and Portugal.
The opening of the new international airport at Murcia City is certainly expected to improve the property market in Costa Blanca and two property developers have already announced new plans for residential projects. Some local estate agents are wondering if they are being a bit too optimistic as they are seeing little demand for of plan property. Much of the interest in this area is being generated by the new Paramount theme park but building work has yet to begin on this attraction.
In order for confidence to fully return to the property market and for the Spanish economy to improve, unemployment levels need to fall and the Organisation for Economic Co-operation and Development has said reducing unemployment is the key to recovery. Unemployment levels vary widely across Spain but are being exacerbated by the property market, although the Paramount theme park is expected to generate much need
www.spanishdreamproperty.com
Spanish Dream Property was invited by the BBC to take part in a discussion on live radio about buying property in Spain safely and with confidence. We were happy to help and enjoyed being able to reassure listeners that there are many happy owners and that now is a great time to buy.
If you want to know how to buy with confidence then contact Spanish Dream Property
01603 415296 email: info@spanishdreamproperty.com
If you want to know how to buy with confidence then contact Spanish Dream Property
01603 415296 email: info@spanishdreamproperty.com
Spanish Dream Property — Property & Land
Overseas Property Agents
19 Jan 2011
United Kingdom If you are planning long-term property investment in Turkey then an article from Overseas Property Professional magazine could be of interest. According to a BBC news report a couple of years ago, since their election the Islamic government has removed all senior military personnel that didn’t agree with their hard-line approach, most are now in prison, to ensure that there is no risk of a military overthrow if the government is viewed as ‘overstepping the mark’ as has historically happened. Now the Turkish government, whose human rights record is even worse than their predecessor’s (especially against Christians in areas where westerners are not encouraged to visit) is proposing a law preventing Greeks and Israelis owning property. In addition they propose to keep restrictions on where other foreigners may buy with the exception of Golf states’ citizens, Iranians and Syrians. Whilst this cannot have a positive effect on Turkey's long held desire for entry into the EU it also must raise questions as to the long-term viability of property ownership in Turkey by any EU citizen.
Turkey ups the ante by banning Greek and Israeli buyers
The Turkish government has drawn up a new piece of draft legislation that is designed to deny Israeli and Greek buyers the right to own property in the country. The Turkish government is, however, using the move to propose to its parliament that it should grant new unlimited rights for Iranians, Syrians and the citizens of the Gulf countries to purchase real estate in Turkey. The move comes as Turkey tries to find new ways to reduce its budget deficit of US$45 billion by allowing overseas property investors to buy into its residential market. It is understood that the Turkish military will be asked to prepare a list of areas where property cannot be sold to foreigners for reasons of national security.
Allowing property buyers from overseas to invest in the country remains a controversial subject in Turkey where selling real estate to foreigners has split parliament. The two opposition parties in Parliament remain opposed to any bill easing the sale of land to foreigners while the ruling party favours relaxing the law in order to raise cash for the Treasury and attract foreign investment into the country.
During deliberations in Parliament over a draft law amending the sale of property to foreigners in 2008, opposition parties accused the government of treason by selling land within the borders of the republic to wealthy foreigners. The law in question was first introduced in 1934, amended in 2005 and then cancelled by the Constitutional Court two years later. The government revised the law in 2008 and passed it in Parliament.
Areas foreign investors are permitted to buy in Turkey ranges from 2 to 30 hectares and only the government is authorized to approve the sales as well as to decide on the area of the land. At present the Cabinet is the only authority able to grant or deny permission.
www.spanishdreamproperty.com
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