The Royal Institute of Chartered Surveyors (RICS) believe the stage is set for Spain to return to a property boom. The latest data from RICS suggests there is renewed interest, in particular, in the commercial property sector and the residential market is enjoying reflected growth as a result of this.
The Royal Institute of Chartered Surveyors (RICS) reports a massive increase in tenant demand in the two Iberian countries. In Spain, tenant demand increased 60% from Q1 to Q2 this year while Portugal experienced a 40% increase, according to RICS Q2 Global Commercial Property Monitor.
New data from Spain’s notaries reports that residential property sales are rising with Brits leading the way in picking up the country’s property at reduced prices. The statistic centre of the Consejo General del Notoriado has reported a 16.3% rise in the number of houses sold in Spain in the year to June 2014. However, the average price per square metre was down 5.7% to €1,214.
Spain has regained its place as the leading destination for Brits retiring abroad, according to retirement specialist MGM Advantage. The survey found that 1 in 6 British adults intended to retire abroad and that half would choose to retire in Europe given the option. Spain was the most popular destination with 13 per cent of […]
House prices in Spain have fallen 3.9% since June last year, but the country is displaying signs of recovery. According to the Tinsa IMIE Index, this represents a significant improvement on the 6.7% fall in values witnessed in the year to March 2014 and the 8.3% decrease during 2013. Two autonomous communities in Spain have […]
2014 looks set to be the year that investors return in droves to the Mediterranean property market, and EH International has the perfect opportunity for you to own your own apartment in the Spanish sun. With the economic downturn beginning to subside, investors are once again looking to holiday apartments and resorts, so says Savills’ spotlight on prime residential retreats.
For many years Spain was the almost exclusive playground of British and northern European investors. However, the country’s new Golden Visa is seeing Spanish property make great waves among US, Russian and Chinese buyers.
Ten years ago, everyone wanted a place on the Costa del Sol, however southern Europe’s sovereign debt crisis saw large numbers of Brits return home, unable to sustain their lives in the sun. Now, for the first time since 2007, Spain is witnessing renewed interest from British investors.