Provisional government statistics released in January showed that the number of foreign visitors to Spain rose for the second year in a row during 2011, helped by a surge in tourists from the UK, its largest market. Spain welcomed 56.9 million foreign tourists last year, an 8.1% increase over 2010, Tourism Minister Jose Manuel Soria [...]
More and more experts are beginning to think that Spain's property market is set for recovery following the worldwide economic crash, as it shows more and more positive signs. Taylor Wimpey España is just one development company that is predicting good things for the coming year, and they should know, as they have developed some [...]
Confidence in the new Paramount-branded theme park, which is going ahead in Murcia, was high following a conference on December 23 2011 when the mayor of Murcia declared that there was “no going back” for the theme park and that “there are investors”, which is sure to bring money and tourism to the area. The [...]
In a bid to stimulate property sales in the Costa Blanca, the regional government of Valencia is taking direct action to help encourage more foreigners to buy homes there. The Valencia regional government is setting up a new commission which will analyse the region’s property market and create ways to stimulate foreign demand for property, [...]
The property market on the Spanish island of Mallorca could benefit from Ryanair’s latest announcement. They have stated that they will be opening and operating a base out of Mallorca’s Palma airport, which means up to 17 new routes out of the island. With so many more visitors to the island, the housing market is [...]
Anyone looking for a holiday home with excellent rental potential should head to a certain beach resort in Ibiza, after it topped a survey highlighting destinations where demand for holiday lets outstrips supply. Playa d’en Bossa, near Ibiza Town on the Balearic Island famed for its nightlife, was rated the destination with the highest demand [...]
A sign that hard-up governments across Europe are eager to rake in cash however they can, the authorities in the Canary Islands are cracking down on owners who rent out their properties illegally by issuing hefty fines. The law governing holiday rentals in the Canaries, which includes Tenerife, Lanzarote and Gran Canaria, states that if [...]
Barcelona has recently been ranked 40th out of the top 50 cities in the world which have the best quality of life. Other popular European cities which made it into the top 50 include Vienna and Zurich. The Spanish capital of Madrid was placed 43rd, just behind Barcelona. The study centred on over 200 cities [...]
The Spanish property market is about to get a kick-start form the newly elected ‘People’s Party’ according to new information. The party are looking to reduce the tax paid by anyone who buys property in Spain as well as make the rental prospects better and more inviting to encourage buy-to-let investors. It is estimated that [...]
The credit crisis has seen a marked change in how overseas buyers buy property in Spain. Gone are the days of hefty deposits and off-plan purchases waiting several years for the developer to complete the property. Today’s buyer can pick up a brand new property on a five star resort at under half its original [...]