All posts tagged costa blanca properties for sale
Information highlighting the ‘stabilising of the property sector’ from the Bank Of Spain has been released, stating that property sales to foreigners are performing especially well, also with recent statistics released by the Ministry of public works showing that prices are beginning to mellow out, with only a 0.5% decrease between the last quarter of 2013 and the first quarter of 2014.
The Spanish property market is still one of Europe’s cheapest options for purchase, ahead of France & Italy. It would appear the project, ‘Paramount theme park’, is beginning to gather momentum. It was stated last week that Central government had got involved with fundraising for the project and requested 17million euro to get the project underway from the European Foundation for Regional Development.
With the airport at Covera ready and waiting to become operational, it appears that both projects need each other and this request for funding may not have necessarily been made if the two projects were not being looked upon favourably by those that will be involved in the final decision making process.
The start of the project seems to have been on the agenda for years, but if the sound bites are correct it could be a lot closer than in previous years, the projection of attracting 3 million visitors a year and creating circa 23,000 jobs is contributing to the bigger picture that Spain continues to recover in the construction sector faster than any of its European counterparts, the demand is back Any consideration for buying in the Murcia & Costa Blanca regions now, based upon this information, could be a good move!
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It is understood there are in excess of 50 new developments under way on the Costa Blanca, buoyed by the rise in the euro/sterling exchange rate the British buyer is in a “win win” scenario. Whilst there is still the ‘glut’ of resale’s and bank stock property available many of these new developments are by comparison small and in great locations with a competitive entry level from circa 98000 euro. (Plus purchase costs)
This activity is clearly a further indication of how the market is recovering aligned with UK recovery. International sales of Spanish property are surging and an increased demand from Spanish buyers possibly suggests the turn in prices certainly in the more desired locations could be soon heading up the way!
Information released by Spain’s National Statistics Institute show a 5.4% year on year rise for May 2014. The month saw 28,124 purchases of Spanish properties completed and this represented an increase on the previous month with a 12.6% more sales than in April.
New contemporary designs combined with new technology brings into play the question “should I buy a resale property or a brand new property?” A resale that may have an attractive guide price and is furnished but not necessarily in the best location, or a brand new property in a location with a view, coastal, mountain or golf, furnished by you for you.
We understand these properties could be mortgaged (subject to status).
Your Place in Spain will be bringing into its portfolio these new developments for buyers consideration to add to the currently over 3000 available properties.
For details on any of the properties in the portfolio please use the ‘Quick Query’ facility on the web site www.yourplaceinspain.com or take advantage of the ‘property finder service’ as highlighted on the site…..Talk to us today and get the ball moving, let’s make your dreams a reality together by finding you the perfect property in the perfect location.
Read moreHere at Your Place In Spain we not only locate your dream property in your ideal location, we also find you the right property, at the right price.
Everything we do is tailored around your requirements and specification. We listen to your criteria to fully understand what type of property and location you are looking for then we can get to work on a portfolio of options for you.
We specialise in properties for sale in a number of Spanish locations, the Costa Almeria, Costa Blanca North, Costa Blanca South, Costa Calida/Murica and Marbella. Our team in the UK and in your chosen location will work with you to find you the perfect property.
Once you have completed your research and selected your desired location, you are now ready to view, when you arrive our team will arrange a mutually convenient date and time to pick you up so you can view the properties available, the area and it’s attractions.
Buying a property in another country can appear to be a daunting and very long winded process, so we say let someone else help and prepare what’s required for you.. Let Your Place in Spain do the hard work.
Contact us today to discuss your requirements or our services on +44(0)1618702276 or email info@yourplaceinspain.com
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