The IMF increased its gross domestic product (GDP) growth forecast for the year to 3.1 per cent this week, increased from the 2.5 per cent forecast earlier in the year. In raising Spain’s outlook, the IMF commented that the country’s “continued fiscal consolidation has reassured markets and further boosted confidence. These collective efforts of Spanish …
Continue reading “Spanish economic outlook raised with the property market driving recovery”
The Economic woes that have crippled southern Spain’s tourism, hospitality and real estate industries in recent years have come to an abrupt halt in 2015. Despite the coldest winter in 10 years, economic data from its property industry is sure to bring warmth into the lives of the local residents and property professionals alike. According …
Spanish construction companies have begun building new residential and commercial properties at a pace not seen since 2007 as the economy and real estate market continues its encouraging recovery. During the height of the economic boom the construction industry accounted for more than 10 per cent of Spain’s GDP, and although that figure has fallen …
Continue reading “Spain house building levels rise for first time in seven years”
Retirement experts International Living have issued a report ranking Spain as Europes top retirement choice. Each year the Annual Global Retirement Index ranks countries on their suitability for retirees. Ratings are based on the cost of living, infrastructure, healthcare, ease of integration, real estate, climate and other special consideration.This year Spain ranked fifth overall globally, …
As 2014 draws to a close, it is clear that the Spanish property market has shown a very marked recovery. Property prices have levelled out and even begun to rise in some regions. The number of buyers, both foreign and domestic, has grown steadily month by month. The turnaround hasn’t been subject to peaks and …
A fresh study from independent financial advisers Arcano, forecasts that the real estate and construction sectors – together with household and company financing – will prove to be a potent shot in the arm for Spain’s recovering economy in 2015… Entitled “The Case for Spain III”, the new report forecasts a revival of the residential …
With new build developments virtually at a standstill in Marbella for several years, there are now significant signs that the property market is recovering. It goes without saying that good news for the Marbella Property market reflects directly on the entire Costa del Sol. Recent data published by the country’s Ministry of Development, the Ministerio …
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One of the world’s most famous and outrageous pop stars enjoyed a bicycle ride along Marbella´s Paseo Marítimo last week, barely turning a single head. Lady Gaga, known for her over the top dress sense, blended into the crowd wearing simple black leggings and a crop top. She enjoyed an afternoon of gentle exercise with friends on …
Spain maybe coming out of recession but property prices remain low, making 2014/15 the perfect time for investors to snap up a bargain apartment or a reduced luxury Villa in Marbella,always one of the most desirable locations in Europe. Statistics show a rise of enquiries for Spanish properties from Scandinavian, Chinese, Indian, American and Middle …
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The number of mortgages granted in Spain has seen the biggest year-on-year rise for eight years. More than 17,000 mortgages were approved in June 2014, according to the latest data – a year on year rise of nearly 20% compared to June 2013 – and the average loan amount was up 1.3% to €98,682, according …
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Price Growth Suggests that Spain’s Real-Estate Slump Has Run Its Course Spanish housing prices rose in the second quarter compared with the same period last year.It is the first year-on-year increase since 2008 and a sign that the country’s real-estate slump has finally run its course. The upbeat data was issued on Monday as Spain’s …
Continue reading “Spanish Property Prices Rise for First Time in Six Years”
After approval by both Houses of the Spanish Parliament and publication in the Bank of Spain’s Official Gazette the new law allowing non-EU investors to apply for Spanish residency has become law. ESSENTIAL RULES OF SPANISH INVESTMENT VISA: The minimum investment is at least €500,000. Additionally you must allow 11 – 12%, which goes to …
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The UK’s Conservative Party has announced plans to draw up a manifesto to abolish current laws stating that expats lose their right to vote in Britain if they have lived overseas for 15 years or more. This announcement comes as the Tories begin their pre-election campaign, and the pledge will be introduced after next May …