AltaVista Property Spanish Property News

November 8, 2011 in Altavista Property, Costa del Sol Guide, Michael Liggan News, Puerto Banus Real Estate, Spain News, www.altavistaspain.com by Michael Liggan

Spanish property news stories by Altavista property links are provided to all original sources for the complete article.

Three out of four Spanish Property Investors believe the sector will turn around within the next eighteen months.

The Spanish real estate sector is still in the doldrums, but investor expectations are improving, according to the latest survey by international consultants CB Richard Ellis

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House Hunters in Spain are offering on average up to 22pc below the asking price.

In September, the average offer made online through the Spanish property portal idealista.com was 21.7pc below the asking price. Idealista offer a tool to research the difference between offers and asking prices by area.

To read full original article click here

Santander fire sale “zero effect” on Spanish property prices

The Spanish bank, Banco Santander may be trying to offload 12,000 of its repossessed homes in Spain to a Wall Street investment consortium for an eye-watering EUR 3 billion, but it is unlikely to affect prices in places international buyers would want to be.
Most of the bank’s “fire sale” properties may not reflect prime beachside locations with tourist amenities, restaurants, bars and shopping opportunities – the main drivers for second home owners and their rental potential.

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Spain’s property crash casts a long shadow over a place in the sun

Collapsing prices have hit holiday villa owners and left ‘an entire generation of Spaniards with a millstone round their necks’

Spanish homeowners used to have little in common with the wealthy north Europeans snapping up holiday villas and apartments on the Costas. Now both are united in adversity. Both are suffering in a market preoccupied with falling values, negative equity, a glut of unsold new property and, in some cases, doubts about the legality of new estates.

To read full original article click here

Twin peaks may mark end of Spain’s property slump?

‘Property professionals across the country are seeing an increase in inquiries, inspection trips and sales as savvy buyers note the rock bottom prices, generous mortgages and snap up the best of the bargains’.

Property prices and tax down, sales up and tourism running at record levels could be the twin peaks that spark the end of Spain’s holiday homes slump as international investors overtake domestic buyers for the first time.

To read the full original article click here

 

For  many English people it is a future ambition to invest in Spanish property for either retirement reasons or a second holiday home. Whilst this is a very realistic ambition, without the right advice and support your investment could be at risk.

AltaVista Property puts the emphasis on clients’ requirements. We focus our efforts on matching client requirements and sourcing suitable properties, but given our longstanding experience in real estate and knowledge of this market in particular, we are also able to identify those properties that offer great value.

For more information and property listings visit our website www.altavistaspain.com

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