Increase in demand for Spain’s holiday and accomodation

February 27, 2012 – 10:38 am

Rental properties in demand in Spain and Tenerife

An increase in the demand for holiday accommodation in Spain last year has resulted in more and more Spanish home owners preparing to rent their properties out this summer, providing a welcome boost to the property market.

According to a report from holiday home rentals website HomeAway, booking enquires for Spain in 2011 increased by 27% in comparison with 2010. As a result, a greater number of British and European buyers are acting now and purchasing a home in Spain with a view to capitalising on this growing rental demand.

Marc Pritchard, Sales and Marketing Manager of Spain’s leading house builder Taylor Wimpey España, says “The growth of the rental market has made Spain once again a popular destination for property buyers to invest in, particularly given the readjustment of property prices and abundance of cheap flights. We have seen an exceptionally strong start to 2012 with sales in January markedly up on the same period last year.

Mallorca is tipped to be a top performing Spanish destination seeing as it registered the highest number of overnight hotel stays in 2011, with 41.6 million, according to data from the National Statistics Institute. Tenerife is also expected to remain a firm favourite.

By Angela | Posted in Economy, General, Health, Holiday, Inspirational, Miscellaneous Articles, Property, Tenerife, Things to Do, Weather | Tagged , , , , , , , , , , , , , , , , | Comments (2)

Spain heading for top spot as a tourist destination once more

November 3, 2011 – 3:16 pm

Spain top destination once more with Brits

Spain is heading for a return to tourism domination as the 2011 visitor figures soar towards a record 57 million, boosted by higher numbers of independent travellers staying in rented accommodation along their favourite Costas.

80% of tourists now book their own flights and accommodation. Average stay in owned apartments or rented villas is now 15 days , twice that of hotels, who have had record occupancy in 2011. Average stay rose two percent and more came people from the UK than any other country.

There are now 370,000 Brits living full-time officially in Spain, drawn by the California climate, cheap food and drink, fiesta lifestyle and above average life expectancy. 1,000s more are planning to join them after Britain came bottom in a survey to find the best place to live. The summer city riots have influenced 1,00s more to quit the UK.

A Lloyds TSB survey found 67% of Brits living in Spain “had no plans to return to Britain” and 74% claimed quality of life was better. The survey found 87% of Brits felt safer in Spain “which is a better place to bring up kids”.

Source: PropertyinSpain.net

By Angela | Posted in Economy, General, Health, Holiday, Inspirational, Miscellaneous Articles, Property, Tenerife, Things to Do, Weather, Web Cams in Tenerife | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | Comments (0)

Spain, confirmed to be the favourite destination of potential property-buyers.

April 4, 2011 – 8:49 am

Tenerife and mainland Spain the destinations of choice for property hunters.

The hoped-for green shoots of the economy in the UK were showing their heads in Birmingham last weekend, when thousands of people turned out for the “A Place in the Sun” exhibition held at the NEC. International property shows in the UK had been in the doldrums over the past months and some of the organsisers had gone into bankruptcy owing to the overall downturn in property sales everywhere, but “A Place in the Sun”, backed by the TV programme of the same name, made a strong come-back at the NEC.

This was especially good news for Spain, confirmed to be the favourite destination of potential property-buyers. No fewer than 60 per cent of visitors indicated an interest in Spain, with France coming in a poor second despite its familiarity and geographical proximity to British buyers.  Spain’s main competitors were the USA and Australia and New Zealand, which were offering immigration packages.

Surveys of the public attending the show indicated that many buyers have been waiting for the right moment, and are now ready to make the move, as prices are unlikely to drop any further. Asked why they were looking at Spain and the Canary Islands, they mentioned, the climate, the friendly people, and enjoyable holidays in this area in the past. Buyers were also aware of the problems now facing investors who had opted in the past for destinations less well served by the airlines. While flights to many of these have been reduced or scrapped altogether during the credit crunch, Malaga and Tenerife airports  continues to be served by numerous airlines with dozens of flights every day to and from the UK.

By Angela | Posted in Economy, General, Health, Holiday, Inspirational, Miscellaneous Articles, Property, Tenerife, Things to Do, Weather | Tagged , , , , , , , , , , , , , , , , , , | Comments (0)

Tourists returning to Tenerife

June 28, 2010 – 6:24 pm
Tourists return to Tenerife as the pound increases in value against the Euro

Tourists return to Tenerife as the pound increases in value against the Euro

British tourists are being wooed back to the Continent with more for their money. As sterling rose this week against the euro to its highest level since December 2008, giving British travellers up to 10 per cent more for their money than last summer.

“Holidaymakers can now expect to get more for their pounds travelling to one of the Eurozone countries than anywhere else,” said Sarah Munro, head of travel money at the Post Office.

Given the continuing concern over the future of the euro, the pound could strengthen further, while reports suggest that hotels and restaurants on the Continent are attempting to attract holidaymakers by reducing prices.

“Our research also shows that prices have plummeted in some of the most popular resorts – especially in Spain and Portugal, where restaurants have slashed their prices,” Ms Munro said.

The total average cost of several holiday essentials, including drinks, sun cream and a meal in a local restaurant, has fallen by 42 per cent in the Algarve, for example, and by 40 per cent in Spain, according to the Post Office. Similar research released this week by Thomas Cook also suggested that mainland Spain offers particularly good value for visitors from Britain.

“Exchange rates have a huge impact on where Britons choose to travel,” said Francis Tuke, a spokeswoman for Abta, the travel association. “The weakening of the euro will undoubtedly encourage us to return to the Eurozone.”

She added that hotel prices had fallen in Spain during the past year and that travel companies expected rates to fall in Greece.

Cheapflights.co.uk, the price-comparison website, has reported that searches for flights to Eurozone destinations increased by 6 per cent during May compared with the same month last year.

By Angela | Posted in Economy, General, Health, Holiday, Inspirational, Miscellaneous Articles, Property, Tenerife, Things to Do, Weather | Tagged , , , , , , , , , , , | Comments (0)

Spain back in top spot for enquiries

January 25, 2010 – 5:28 pm
Spain and Tenerife top the enquiry list for holiday properties

Spain and Tenerife top the enquiry list for holiday properties

Holiday lettings companies  advertising Spanish holiday homes benefit from a kick-start to 2010 with a significant increase in enquiries, some fresh accommodation stock and the fantastic news that living costs have fallen making it even more cost effective for self-catering holidaymakers in Tenerife,the Canary Islands and Spain.

Throughout 2009, Spain vied for the top destination spot losing out much of the year to the UK. Now Spain is back with vengeance stealing the top spot back,  the Canary Islands pinch fourth  place in the popularity stakes. However, the Canary Islands continue to draw winter sun seekers on good deals and cheap flights

Spanish holiday home owners are proving savvy to this change in mood with increasing numbers offering special offers for advance bookings. This tactic is particularly good at reaching families who need to plan ahead due to the restriction of school holiday dates.

Homes in the Canaries may have greater competition for business because of the volume of holiday apartments available, but they have a truly year round market, with no seasonal fluctuation and can optimistically look to fill 35 plus weeks a year with paying guests.

By Angela | Posted in Economy, General, Health, Holiday, Inspirational, Miscellaneous Articles, Property, Tenerife, Things to Do, Uncategorized, Weather | Tagged , , , , , , , , , | Comments (0)

Cheaper travel may help the Tenerife economy.

November 13, 2009 – 5:07 pm

Families can expect to save several hundred pounds a year because airlines  are being forced to discount prices.

Cheaper travel may help Tenerife's economy

Cheaper travel may help Tenerife's economy

Holidaymakers can look forward to a decade of cheap travel because of the global recession, according to industry experts so for those who rent out property in Tenerife this is great news.

One company estimated that the average British family spent nearly £2,092 on a holiday this year than a fall of £257 compared to 2007.

According to a Euromonitor the fall in spending has been due to families economising, staying in less comfortable surroundings and hunting for cheaper flights. In turn, this has led to companies discounting heavily as they try to cope with the dramatic drop in travel.

As a result, Euromonitor says, prices were 20-30 per cent lower this year than last and the trend is set to continue for a decade, said Caroline Bremner, the head of the research team. “People have been trading down,” she said. “The industry is caught in a vicious circle of discounting. “It will be hard to bring prices back up, even when there is a recovery, because people have got use to discounted prices.” The impact of the recession was outlined at the start of the World Travel Market in London’s docklands.

Ms Bremner also believes that Britain is set to follow America where the travel industry is now catering to the “funemployed” – people who, having lost their jobs, are spending their redundancy pay on the holiday of a lifetime.

Companies are offering discounts to the new army of jobless, using slogans like “laid off, take off” to win the business.

Package holidays had been on the wane with the increasing use of the internet and holidaymakers booking do-it-yourself holidays, hunting for the cheapest flights and accommodation. So if you have a property to rent or let for holiday or longer term, providing your price point is correct you should reap the rewards of this new era.

By Angela | Posted in Economy, General, Holiday, Inspirational, Miscellaneous Articles, Property, Tenerife, Things to Do, Uncategorized | Tagged , , , , , , , , , , , , , , | Comments (0)

British Expats gain better quality of life and are financially better off

July 26, 2009 – 1:09 pm
British Expats enjoy a better quality of life in Tenerife

British Expats enjoy a better quality of life in Tenerife

British expats who have moved abroad are gaining a better quality of life and becoming financially better off.

That’s the view found by the latest NatWest International Personal Banking Quality of Life Index, carried out in conjunction with the Centre for Future Studies.

They surveyed British expatriates from across the world and discovered that, despite the global economic downturn, 98 per cent said they had made a good decision when they chose to move abroad.

For 62 per cent of people, the move abroad was triggered by a feeling of dissatisfaction at home. Life abroad is better than expected for 86 per cent, and 92 per cent claim to be happier living abroad than they were back home in the UK. Encouraging news for anyone thinking about doing the same.

It’s good news on the financial front too, as 87 per cent of expats said they believed they were better off now, despite the recession. Sixty three per cent of people had left the UK with less than £5,000 in savings, but working abroad doesn’t seem to have posed too much of a problem – seven out of 10 people now earn between £50,000 and £85,000 per year.

The research also looked at the countries offering the best quality of life. The number one spot was taken by New Zealand, which was rated top-notch for its low cost of living, low property prices and favourable tax regime.

Spain and Tenerife in particular are still very popular because of the great climate, particularly Tenerife and the quantity, price  and ease of flights from and to the UK

By Angela | Posted in General, Health, Holiday, Inspirational, Miscellaneous Articles, Property, Tenerife, Things to Do, Uncategorized | Tagged , , , , , , , , , , , | Comments (1)