Brexit has not had a devastating impact on Brits buying property abroad like experts had predicted, new survey shows.
Since the UK’s decision to leave the European Union, property experts and analysts across the globe have been trying to forecast what effect it could have on European property markets, most of which are still recovering from the economic crisis. Read more »
The number of foreign visitors coming to Spain rose by a significant 16% in April to 7.1 million, accompanied by an impressive 19.7% increase in tourist spending, latest statistics show.
Tourists from the UK continue to be the single most important market in terms of tourist spending; a total of €6,739 million was spent by foreign visitors in Spain in April, with UK tourists contributing €1,243 million and accounting for 18.4% of total expenditure, according to the government’s central statistics unit. There was also a 7.7% rise in British tourist spending, compared with April 2016. Read more »
Luxury apartment for sale in Benahavis | Click image
Spanish property sales to Swedish buyers have increased by nearly a third, according to data released by leading Spanish homebuilder Taylor Wimpey Espana.
From April 2016 to April 2017 there was a 31% increase in property purchases in Spain by Swedish nationals, thanks to Sweden’s improving economy, easier access to mortgage loans and rising wages. Read more »
Unemployment levels across Andalucia have fallen by a substantial 12.3% over the past 12 months, according to Spain’s Ministry of Employment.
The number of people registered as unemployed in Spain continues to fall, with new figures showing 430,000 unemployed people across the country found work in the last 12 months, representing an 11% decline in unemployment rates. Read more »
The average property price in Spain increased by 2.2% in the first three months (Q1) of 2017, compared with the same period in 2016, according to new figures published by the Ministry of Development.
In Q1 average property prices climbed to €1,525.80 per square metre, a level last witnessed in 2012. Average prices rose 0.9% from the previous quarter and the number of property valuations to have taken place grew by 6.5%. Read more »
Investors looking to add to their extensive portfolio of property assets are turning to the Spanish property market following the country’s economic growth over the last 14 quarters and a strong property recovery.
Spanish GDP increased by 0.8% in Q1, the fourteenth consecutive quarterly rise since 2013, according to data released by the government’s central statistics unit. The country’s annual growth rate of GDP stands at 3%, which calculates to €1,124,476, a figure above the level reached in 2008 before the crisis hit Spain.
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Spain has been named as the number one country for the best, cleanest and safest beaches in the world by the Association for Environmental Education and the Consumer (ADEAC).
The association has a list of strict criteria that each beach must meet in order to get blue-flag status; safety, sanitary conditions, accessibility, hygiene and the presence of lifeguards are just some of the points that need to be met. Read more »
Eco-Friendly Villa in La Cala de Mijas | Click image for info
Andalucia will receive more than €75 million to fund sustainable building projects in a new green initiative.
The Junta will inject some of the money into the renovation of existing buildings, making them more energy efficient by installing thermo installation and eco-air conditioning. Read more »