The number of approved mortgages grows 22% in the Balearic Islands
The number of mortgages on homes in Balearic increased by 21.9% in February compared to the same month of 2009, reaching 1506, according to the National Statistics Institute (INE)
Thus, the increase recorded in February is much higher than that recorded in January, when the number of
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FOREIGN BUYER SURGE REVEALS A DISTINCT DIVIDE IN THE SPANISH PROPERTY MARKET
A substantial increase in foreign lifestyle buyers and investors has split the property market in Spain.
Sales are up 200% in some regions when compared to 2009 - despite the Bank of Spain claiming that last year was the worst in a decade for overseas buyers purchasing in Spain.
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Sales picking up in Spanish property market
Agents and developers in Spain are reporting increased property sales levels following the first national rise in transactions in three years.
Property sales were up 4.1% year-on-year in Q4 of 2009 to over 116,000, according to data from the Ministry of Housing. This was the housing mar
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Taylor Wimpey announces new off plan property release in Marbella
The UK based property developer has announced plans for a new 8.5 million euro project on Spain's Costa del Sol.
The developer will begin construction in March 2010 and is due for completion in 2012.
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Spain tops for property searches on rightmove
Traditional European markets saw interest increase by an average of 20% in May, according to UK-based portal Rightmove.co.uk.
Portugal was one of the biggest winners with a 29% monthly increase in searches overall, while the country’s Silver Coast saw an 82% rise – the website’s biggest jump
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Spain is most popular destination for Brits looking for property abroad
British property investors are still showing considerable interest in buying real estate abroad despite the recession, according to the latest figures from an international search website.
Spain is the number one search destination, pushing France into second place, according to the latest f
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Glut of new build property in Spain
Spain has over 150,000 newly built holiday home’s on the coast looking for an owner according to a recent article in the Spanish financial daily “ Expansion “.
The Alicante, Valencia , Murcia, and Malaga region’s have gone from being the stars of the holiday home boom to leaders of Spain’s g
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Paul McMullen of escapetospain comments on the Spanish property market in the UK’s Homes Overseas magazine.
Buying Spanish property on a budget
Spain may be licking her wounds after her spectacular property rise and fall, but there are signs that the worst is over. Statistics show that property sales are slowly recovering; agents and developers in spain are under close scrutiny fol
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