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Spanish Property Finders

I came across Spanish Property Finders and Developers after going to Spain on many occasions chasing the return of my deposits on some failed off-plan developments. I found that you can get some good deals in Spain right now due to the adverse market conditions. I was representing our Action Group seeking the return of our deposit funds through Spanish Solicitors when I came across some spanish real estate deals that we could have only dreamed of when we put our deposits down on our off-plan properties. I asked the Action Group if anyone was still interested in buying in Spain and 25% of them said they were, especially since there are some good deals around right now. This blog gives some of the information I have been obtaining to pass on to our Action Group members.

More House Sales in Spain 2012...but British not in the frame?
09 February 2012 @ 21:50

More overseas buyers pick up property in Spain, bank figures reveal

Report by Ray Clancy on February 9, 2012 in the Propertycommunity.com

 

Foreign investment in Spanish property grew in 2011, claims report

Foreign investment in Spanish property grew in 2011 according to figures from the Bank of Spain.

After increasing by 27.8% through to the end of September compared with the same period in 2010 which experienced a mere 2.6% growth, overall transactions reached €3.6 billion.

The Bank of Spain reported that these investments exceeded €1 billion for three consecutive quarters, something not seen since 2008.

‘Foreign investment into Spain has been very changeable in recent years. It progressively declined between 2003 and 2006 only to increase in 2007 however, the upward trend was cut in 2008, during the economic crisis seeing foreign investment fall,’ said Marc Pritchard, sales and marketing manager of Spanish house builder Taylor Wimpey España.

‘However, the news that foreign investment in once again up is a sign that property market conditions are improving with property purchases in the third quarter of 2011 increasing by 19.2% over the same period of 2010, amounting to €1.1 billion,’ he explained.

‘The increase in Spanish property sales seen in the last quarter of 2011 has spilled over into 2012 as international bargain buyer’s hunt down the best Costa deals with Germany and Nordic countries outspending the Brits, who have been a little slow in spotting new opportunities,’ he added.

Currently the euro’s depreciation against the pound could mean that there will be numerous opportunities for Brits to buy in Spain, Pritchard believes.

‘As Spanish property seems more affordable in the eyes of British buyers there now seems to be a slow but sure increase in the demand for villas and apartments along the coasts,’ he said.

He pointed out that prices are reasonable, such as the new Lagunas del Sol development close to the heart of Ciudad Quesada /Rojales which has townhouses on two floors with two or three bedrooms, a garden, private parking and views towards the swimming pools and gardens which start at €114,920.

At the Calpesol development in Calpe on the Costa Blanca three bedroom houses with gardens, communal swimming pools, a roofed sun terrace and private parking start at €165,000.

 

 



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Mike in Spain said:
18 February 2012 @ 15:19

Right, like we had record numbers through Malaga airport in 2011! I read recently that France has taken over from Spain as being the EU country where most people are buying, seems the fact that sluggish Spains third world and uncompassionate attitude to sorting out their property problems is finally kicking them in the teeth, do you see them starting to do anything positive to sort this out now? not a chance lol.

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