Real estate sector in Europe has the potential to double in size over the next five years

May 27, 2011 – 8:49 am

The European listed real estate sector has the potential to double in size over the next five years, according to Fraser Hughes, head of research at the European Public Real Estate Association (EPRA).

The European listed real estate sector has the potential to double in size over the next five years, according to Fraser Hughes, head of research at the European Public Real Estate Association (EPRA).

The main drivers will be banks looking to offload distressed property assets held on their books and private investors turning to REIT structures to realise the value of their investments, Hughes told a seminar at the Realty 2011 trade fair in Brussels on Wednesday.

‘A number of opportunities are converging that have the potential to double the current EUR 300 bn market capitalisation of the European listed real estate sector over the next five years under a best-case scenario,’ he said.

Hughes made the comments during a seminar on European real estate investment trusts (REITs). He said Europe’s three largest economies: Germany, France and the UK, have the greatest potential to increase the size of their domestic listed real estate sectors by between EUR 10 to EUR 50 bn each, but there also interesting situations emerging in Italy, Turkey, Spain and Ireland.

With the  all year round warm and sunny climate, Tenerife and the Canary Islands  are well positioned to be part of any increased interest.

Source: PropertyEU.info

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Spain and the Canary Isles still the Brits favourite place to buy a home

February 7, 2011 – 12:14 pm

Spain is still tops for Britons buying homes abroad

Spain is the perennial favourite for Britons looking to buy a home abroad, confirms the latest survey by Channel 4’s A Place in the Sun.

The ranking for 2011 goes as follows (2010 in brackets):

1. Spain (1)
2. France (3)                    
3. Portugal (4)
4. Italy (6)
5. Florida (2)
6. Turkey (5)
7. Greece (8)
8. Cyprus (7)
9. Malta (new entry)
10. Egypt (new entry)

Here is what they had to say about Spain, Tenerife and the Canary Islands:

Once again, Spain remains the most popular destination for Brits to buy abroad and therefore tops our chart of the best places to buy abroad in 2011. After all, it has all the right ingredients – excellent access from the UK, sun, sea, culture and infrastructure. With repossessed properties and distressed sales hitting the market, the home of the Costas, Balearic and Canary Islands still has some great deals for the diligent buyer. Huge discounts on holiday homes mean there’s a multitude of destinations and property options on offer.

As we have been saying for a while now, this really is a great time to buy in Tenerife. In fact it is a great time to buy throughout Spain and its islands.  Check out the latest deals with your estate agent, particularly the discounts available  on prime property in Tenerife.

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

Tenerife, Canaries and mainland Spain appealing to Russians

August 4, 2010 – 1:42 pm

Spain, Tenerife and the Canary Isles, have  not lost their appeal with affluent Russian buyers, finds a new study. Along with Bulgaria, Turkey, The US and Israel, SpainRussian's finding property in Tenerife, the Canary Islands and Spain to their liking. is one of the most popular overseas destinations amongst affluent Russian house-hunters, according to a study by real estate agents  and mortgage brokers Lowel.

Russians buying in Spain spend between 50,000 and 150,000 Euros on flats, and 300,000 plus Euros on Villas. At the very top end, Russians in Spain have some of the biggest budgets of all, often in the multi-million Euro bracket.

Nevertheless, Russian demand is feeling the pinch of the economic crisis this year. Russians are expected to spend 9.3 billion Euros – 10% less than last year  on property abroad.

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

Thomas Cook to pull out of Canary Islands?

April 9, 2010 – 10:57 am

The Irish low-cost carrier is to offer 32 services to the Canary Islands (Gran Canaria, Lanzarote, Tenerife and Fuerteventura) from nine British airports this summer – with the routes being supported by discounts offered by the Canary Islands’ government. Thomas Cook, Britain’s second-largest tour operator, has claimed that Ryanair will receive a subsidy equivalent to at least 6.5 euros per passenger on the new routes.

Thomas Cook to leave Tenerife and the Canary Islands?

Thomas Cook to leave Tenerife and the Canary Islands?

Thomas Cook has given warning it could pull out of the Canary Islands in a row over the “subsidies” it claims are being paid to Ryanair by local authorities.

Manny Fontenla-Novoa, chief executive of Thomas Cook, said in an interview with the trade publication Travel Weekly that “paying” Ryanair to fly to the islands was not the way to arrest falling visitor numbers and said that Thomas Cook might switch to selling more holidays in Turkey and Egypt.

A spokesman for Ryanair denied that the carrier received subsidies. “The discount scheme is available to all airlines that commit to growing traffic to the Canary Islands,” he said. “Instead of complaining, Thomas Cook should apply for the scheme, lower its fares and compete on price to grow its business – something it has never had to do in the Canary Islands.”

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