Good news from the Spanish property market

October 18, 2011 – 8:58 am

Propert sales improve in Spain and Tenerife especially prime property by the coast

At last some good news from the Spanish property market , foreign investment is up strongly on last year. Foreigners invested 1.3 billion Euros in Q2 this year, up 16pc on the first quarter and 37pc on the same time last year, according to figures from the Bank of Spain.

Foreign investment is still some way (32pc) from the peak it reached in Q2 2003, when it hit 1.9 billion Euros, but there has been a clear improvement in the last 2 quarters.  Sales to foreigners have picked up as prices fall, showing how price-sensitive foreign demand for Spanish holiday homes is.

Certainly prime property on or near the coast in Tenerife is attracting greater interest once more.

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

Experts notice return of UK buyers in Tenerife and Spain

July 22, 2011 – 10:55 am

Experts notice Expats returning to Tenerife property

UK buyers are returning to the Spanish market to buy high quality properties, suggest experts at the Manchester Evening News.

Unlike the distressed sales of low quality abandoned projects, the demand for quality developments is growing. Experts have noted a 24% increase in interest in the first 5 months of 2011 compared with the same period last year, with company director Kim Brown explaining to A Place in the Sun that the country’s weather, lifestyle and established expatriate community seem to be the main reasons for its enduring appeal.

While the low quality end of the market is still in crisis, with Spanish ministers touring Europe in a bid to encourage sales,when it comes to the luxury end its a much better situation. However, buyers are much more savvy compared with the years prior to the economic downturn. Looking for developments with security and other additional benefits.

Tenerife holds some great opportunities for those who are willing to explore the property market now, whether prime property, coastal , to buy or let, a good estate agent will point you in the right direction.

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

Buying homes in Tenerife are back in vogue for buyers from Northern Europe

March 1, 2011 – 12:18 pm

Buying homes in Tenerife is back in vogue

After years of absence, Northern European buyers are back buying homes in The Canaries, if data from local real estate companies is to be believed. British, German, and Scandinavian buyers made up 20pc of the market in the last year and a half, according to reports in the Spanish press (Provincias).

Resurging demand is being driven by stronger economies in the North coupled with lower property prices in The Canaries. Beach-front properties between 110,000 and 120,000 Euros are most in demand, particularly in Tenerife’s prime property areas, such as Adeje and Fanabe.

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