Credit Crunch and Spanish Property

Spanish & Mallorca Property Market Report - December 2008
By David Novi

The Spanish property market was the European market most likely to crash when the credit crisis hit. Here we examine the ingredients of disaster

With Spain arguably the number one destination for British buyers of foreign residential property - for investment, second homes, or retirement in the sun - it is hardly surprising that there is so much interest in the Spanish property market. Hardly a day goes by without some ‘crisis on the costas’ story in the press, bemoaning the collapse of prices and demand, fully illustrated with images of half-built apartment complexes and swathes of empty sun-drenched villas!

Some interesting facts and figures
• Spanish house price inflation was 5% in 1998, rose to 17.75% in 2004 and slumped to 5% in 2007.
• Property prices increased 2.2 times in real terms between 1996 and 2006.
• Between 2005 and 2007 the interest burden on Spanish … to read the full article, please follow one of these links:

Spanish Property | Resale Property in Spain | Villas in Spain

Buying Property in Spain

Buying Spain Property For Sale - What Are the Mechanics
By Dale Campbell

Buying Spain property for sale has always been a popular choice with UK buyers. Spain is a beautiful country but that’s not the only reason making the region popular. A pleasing climatic zone, compatible lifestyle and affordable property options together attract continual attention to the area.

As we spend our hard earned cash on Spanish property, especially in the present credit crunch period, it has become increasingly important to be well apprised of the purchase schema and associated nitty-gritty details associated with buying property. The following information provides pertinent details on … to read the full article, please visit:

Buying Property in Spain

Expat News

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Barcelona has decided to put its money where its wheels are, writes Peter Ridding.

 

Moaning, drinking and queuing are what make us British

Britain's national traits include getting drunk, moaning and taking pleasure in the misfortune of others, according to a survey that paints a grim picture of our culture.

 

Courtesy: Property for Sale in Spain | telegraph.co.uk

Majorca Property

Mallorca Properties Dreams Come True

By William Robert Wood

Majorca's popular Spanish name is Mallorca and it is an island in the Mediterranean sea. It is the biggest island of spain and is a part of the Balearic archipelago. Most of the islands of the Balearic archipelago are famous holiday destinations due to the secenic beauty amidst the fabulous settings.

Photo Courtesy: islandcruises.com

Majorca has many advantages over its competitors in relation to connectivity and inland development. It is connected very well to almost all of Europe and you can get there with just about 2-3 hours of travel. Majorca's entertainment scene is very luring to all tourists. People of all ages can find something to do in this small island, as it has everything from posh marinas to rocking night clubs. Water sports is the main attraction and can be found almost everywhere. The clear blue waters and long stretches of beaches are a dream. The island's topography can keep you hooked, with the rugged coastline ... to read the full article please follow this link:

Property Majorca

Article Source: EzineArticles.com/?expert=William_Robert_Wood

C'an Pastilla - Majorca - a View of the Resort

C'an Pastilla consists of little more than a narrow main street, with the small parish Church of Sant Antonio de la Playa set among tightly packed side streets which lead down to the very picturesque harbour and the Club Marítimo San Antonio de la Playa marina, which is the home to a number of yachts and other pleasure craft.

The town itself is built at the western end of a 2.1/2 mile stretch of beach called "Playa de Palma", which is joined by a wide promenade … to read more please follow this link:

C’an Pastilla

Courtesy: amic-hotel-mallorca.com | mallorca-majorca.com

Spanish Homes

Spanish homeowners face tricky times
By Gavin Stamp
Business reporter, BBC News

Sunbathers on a beach in San Sebastian

Will homeowners get their fingers burnt as the property market dips?

For people looking to find a place in the Spanish sun, the past few days have been far from glorious.

Fears of a crash in the Spanish housing market, prompted by a sell-off in property shares, have made life uncomfortable for thousands of Brits who own homes or are looking to take the plunge and buy abroad.

But these worries have not deterred one would-be buyer.

"There are a lot of negatives around and I have no doubt that property values will go down in the short term," says Richard Leigh, from Wiltshire, who is buying a flat near Estepona, a town at the western end of the Costa del Sol.

"In the long term, I think prices will come back quite quickly. For those who hold their nerve and hang on, I don't think there will be a problem in a couple of years time."

The Spanish way of life is appealing to many Brits

Property glut

Such optimism has been in rare supply recently, with much of the talk about the Spanish market focusing on how severe a slowdown

To read the full story, please follow this link:

Courtesy: Spanish Homes | BBC News

Property in Majorca

Where Can You Find a Mallorca Property Far Away From the Hassle of City Living
By William Robert Wood

If you are looking for some of the best and most exclusive Mallorca property for sale, head for the North West coast of the island.

Divided from the rest of the island by the Serra de Tramuntana mountain range, this coast is not as easily accessible as many other parts of Mallorca, although this situation has been improved in recent years. Being more remote is probably one reason why this part of the island has become so popular with the world's rich and famous.

Deia is a small, picturesque coastal village and has been famous for many years for its literary and musical inhabitants. More recently, famous owners here include Richard Branson, and Michael Douglas and Catherine Zeta-Jones.

This is a very desirable little village to own property in, though being small, properties don't ... for the full article please follow this link:

Property in Majorca

Article Source: EzineArticles.com/?expert=William_Robert_Wood

 

Valencian Property Prices Could Be Affected

Valencia Loses 750,000 Passengers and 750 Jobs

This report could imply a slight impact on property prices in the Valencia area as the cost of flights will increase from other airlines as competition is lost. Meaning less visitors and less demand for property.

Ryanair, Europe’s leading low fares airline, today (24th Oct) announced the closure of its base at Valencia following the refusal of the Comunitat Valenciana to engage in constructive discussions in relation to the promotion of the airport and its routes across Ryanair’s network in Europe. The closure will lead to a loss of over 70 weekly Ryanair flights, 750,000 passengers p.a. and over 750 jobs in the region.

To read the full story, please follow this link:

Coutresy: Property for Sale Valencia | Valencian Properties for Sale | Ryan Air

Obama's Victory Will continue to Change The Euro

Dollar Gains Against Euro After Obama Victory in U.S. Election
By Stanley White

 Nov. 5 (Bloomberg) -- The dollar gained against the euro on speculation Barack Obama's victory in the U.S. presidential election and Democrat gains in Congress will accelerate policies aimed at overcoming a recession.

The currency also rose against the British pound and the Australian dollar as television networks projected 338 electoral votes for Obama to 156 for Republican rival John McCain, who conceded defeat. To read the full story, please follow this link:

Online Currency Exchange

Courtesy: Spanish Property News | Bloomberg.com

Spanish Fiestas...

Fiestas in Spain - Squashed Tomatoes and Jumping Devils
By Alan Liptrot

Fiestas take place throughout the year in various parts of Spain. The ones in small villages are certainly worth a visit, but if you want to experience something truly spectacular, try one of these;

SEMANA SANTA

Easter week in Spain is something to behold. Processions take place every day across the country, culminating with 'the big one' on Good Friday, when members of the various brotherhoods carry huge floats through the streets until the early hours of the morning. The most impressive ones are to be found in Cordoba, Granada, Malaga and Seville.

THE RUNNING OF THE BULLS

Known locally as San Fermin, the patron saint of Pamplona, this week long celebration begins ... to read the full story, please follow the links below:

Spanish Property | Villas in Majorca

Courtesy: Alan Liptrot | yourholidayrentals.com

Investing in a Spanish Property

The shrewd investor saw the decline as an opportunity to secure a dream home at a much reduced price. In fact this aspect of a declining market was the main purchasing selling point that the Spanish Market was using to attract buyers.

To read further, please follow this link:

Investing in Property in Spain