Spanish Property News

The latest news update from the Spanish property portal Kyero confirms what many Spanish property agents on the ground have been seeing - Spanish property prices have touched bottom.

Martin Dell from Kyero states that "I continue to predict a wave of foreign investment money flowing into Spanish property. Word on the street plus confirmation by Knight Frank that real Spanish property prices have bottomed out means that what we're waiting for now are the investors."

At Dream Spain we are seeing increasing amount of buyers looking at property on the Costa Calida. When you can buy a detached villa within walking distance to the beach for 160k euros you can understand why.

We will continue to add more great resales to our Spanish property portfolio over the next couple of weeks, to complement the really interesting new build properties already available.

Spain is still the popular choice for foreign buyers - I have no doubt about that. As I write this in November it is 25 degrees here on the Costa Calida. Property is available at great prices, interest rates are low, it all makes perfect sense.

Labels: Costa Calida Property, Murcia Property, Spanish Property Prices

Tinsa, the leading valuation company in Spain, release a monthly House Price Index, and this is seen as the best indicator we currently have of house price trends in Spain.

The indication that the decline in Spanish Property prices has bottomed out has been reinforced by the latest Tinsa index. In June we saw that the Tinsa House Price Index was indicating a static monhtly decline in property prices of approximately 10% year on year. August 2009's Tina House Price Index once again shows a year on year decline of approximately 10%.

How does this translate to prices on the ground on the Costa Calida? New build property prices have certainly remained static over the last few months, as have the prices of resales owned by those that are not in a rush to sell. Where we are seeing those elusive 10%+ reductions are from those owners who need to sell quickly, or with developers who have a few key ready properties left on a new development. As you can imagine these properties come and go quickly - so if you want to to know what bargains are available right now do contact us.

Labels: Costa Calida Property, Murcia Property Prices, Spanish Property Prices

Spanish property repossession is undoubtedly a buzz phrase at the moment – we are told this is the way to grab a bargain property in Spain. Indeed if you Google ‘bargain Spanish property’ you’ll see the phrase several times on page one. Public access to Spanish repossessions was thrown into the spotlight when CAM bank (Caja de Ahorros de Mediterraneo) launched a website offering their repossessions and properties in danger of repossession to the general public. There are various agencies offering access to the properties, but this is the direct link - www.mediterraneancam.com/. Here you can see the CAM bank properties available and if it has the term “en subasta” next to it, you can go to another website to bid on that property in an auction.

Almost every article on Spanish property at the moment will not fail to say that there is an over-supply of property in Spain. They suggest that hundreds of apartments lie empty and banks are having keys thrown back at them by disgruntled ex-pats. Here in Murcia, the building of resorts by Polaris World are used by some as an example of the apparent over-supply in this region. Therefore as CAM bank have worked with Polaris World on their developments I would expect to see endless lists of incredibly cheap properties, many of those from Polaris, on the CAM repossession website.

However if I go to the website this is not what I find. There are currently only 107 properties on the website for the region of Murcia. Yes, there are a few very cheap inland properties for sale – ideal for those with a big restoration budget - you have always found these on Spanish Property portals. There are also a handful of low priced apartments in Cartagena city. I don’t find that surprising as, like most cities, there will always be parts of the city where cheap property surfaces during difficult times.

However if I look in the areas most popular with second home buyers - the Mar Menor, Los Alcazares, Polaris World resorts - I do not see an endless list of repossessed new build properties or even very low priced resale opportunities. There is the odd property which looks reasonable value- especially when compared to the quoted original price. However I am not convinced by the accuracy of these original valuations – and the “repossession” prices are often no cheaper than some of the properties we have available in the resale or new-build market.

We will keep watching this repossession site with interest to see how much clients can really gain by purchasing one of these properties. We know that our clients want the best value for their money. This is achieved by finding a property that is constructed to a very high quality, in a great location and at a realistic market price. Great value property has always been available on the Costa Calida – but to judge this accurately you need help from someone who really knows the local market conditions regarding prices, location and build quality. That way you can be sure that you really are grabbing your own Costa Calida property bargain.

Labels: cam bank property, cam bank repossessions, Costa Calida Property

My friend here in Murcia mentioned to me yesterday that he is hearing rumours that Disney are buying-up plots on the Costa Calida for the next Disney theme park.

This would be of great interest to anyone owning or thinking of owning a property in Murcia.

However I am fairly sceptical as the only ‘rumours’ I can see on the web suggest plans were once in the pipeline for a theme park further south. Furthermore with the current global economy building a new theme park seems a risky plan for Mickey and crew. (If you seriously KNOW better then post and let us know).

It did get me thinking about all the attractions we have in Murcia and wondering if we are really missing out not having Disney in Murcia.

Disney boasts of fantastic shows, spectacular parades and breathtaking firework displays. Well in Murcia for this you need to look no further than one of the region’s fiestas. The processions and fireworks of Semana Santa (Easter) kept my 4 year old nephew quiet for hours (miracles do happen in Murcia!) and the re-enacted battles of the Cartagineses and Romanos contain enough drama for anyone.

Disney is great for keeping the kids entertained, but then most parents and kids love the safe fun they have on the Mar Menor beaches. It’s a unique salt-water lake connected to the Mediterranean and a fantastic place for families as the water is shallow, warm and without currents.

Of course for the more active kite-surfing, jet-skiing, go-karting and quad biking are all readily available. While it is true that there is a distinct lack of white knuckle rides in Murcia, the water shoots and slides at Murcia’s water park definitely raise the adrenalin levels during the summer months. The tranquil spas at Archena and Fortuna are there for those that need to calm down afterwards.

I have heard people say the Disney franchise has no soul - well Murcia certainly has plenty to share. The city of Caravaca is one of only five holy cities of the world and celebrates one of its holy days with an infamous wine horse race – a real spectacle.

I have barely touched upon the activities available in Murcia, but I am sure that if even if Mickey has decided not to buy a home in Murcia there are many people who don’t need the razzmatazz of Disney to convince them it’s a good place to own property.

Labels: Buying Property in Murcia, Costa Calida Property

To be sure of a sunny holiday in these uncertain times it appears that more holiday makers are considering the Mediterranean than last year. bmibaby, the low cost airline that flies to both Murcia and Alicante, reports that over 1.3 million people searched for flights to the Mediterreanean this February compared to 87,500 last year.

rawford Rix, managing director of bmibaby says "With the current economic downturn consumers want to make sure their annual summer holiday guarantees them some sunshine".

bmibaby, along with many of the other low cost airlines have increased their summer flights to Murcia and Alicante bringing more people than ever to this tranquil coastline.

Spanish property landlords on the Costa Calida of course will be pleased by this news and holiday home owners will welcome the increased opportunities to visit their property for relaxing summers breaks. The poor exchange rate may have deterred some people from considering Spain, but on the Costa Calida prices for food and drink are still good value for money while the beautiful beaches and bright sunshine are still free!

Labels: Buying Property in Murcia, Costa Calida Property

Labels: Costa Calida Property, Murcia Property, Property Investors

The average property price in Murcia is still 13% below the national average according to the latest Spanish House Price index released by the property portal Kyero.

There has been an increase in overall property price during 2007 with the average price increasing from 212,000 Euros to 216,000 Euros. This is contrary to other parts of Spain which have seen an overall decrease in property value through the year.



(Spanish House Price Index by Kyero.com)

After a customary lull in the market at the end of 2007 buyers are once again visiting the area with several local agents reporting an increase in clients. Dream Spain, established specialists in the Murcia and Costa Calida property market, are offering FREE inspection trips, contact them now for more details.

Labels: Costa Calida Property, Murcia Property Prices, Spanish Property Prices

In early 2008 we will be announcing the release of a brand new development in the much sort after town of Santiago de La Ribera. Just 800m from the beautiful Mar Menor beaches, these 3 bedroom 2 bathroom townhouses will start at just €186,000 euros.

If you would like information on these development on the release date please contact us.

Labels: Costa Calida Property, Santiago de la Ribera

Labels: Costa Calida Property, Novo Carthargo

Labels: Costa Calida Apartments, Costa Calida Property, El Mirador de Sucina

Labels: Costa Calida Property, Murcia Property, Spanish Property

Labels: Costa Calida Property

Plans to improve the current harbour facilities of Cartagena in south-eastern Spain could lead to increased property values in the region.

Homeoverseas reports that around €1 billion (£675 million) is to be spent by the local authorities on transforming the town's current harbour into a major port to ensure strong links with the Far East and boost the local economy.

"This is an opportunity that Cartagena, the region and the country as a whole cannot afford to lose. The regional government is going to give all the support possible to this project," explained Murcian regional president Ramon Luis Valcarcel.

Work on the massive project is set to begin as early as next year and could transform Cartagena into the ideal property hotspot for investors looking to purchase holiday homes or rentals. There is also likely to be a strong increase in visitors to the region due to the new transport links established by the building of the new port.

This article is from holidaylettings.co.uk

Labels: Cartagena, Costa Calida Property, Property Investors

Spain’s property market has been boosted by the 500 plus Blue Flags awarded to its beaches and marinas.

To receive a Blue Flag, beaches and marinas must meet stringent criteria. Marinas must produce an environmental policy & plan, have recycling facilities, provide a map indicating all amenities and have lifesaving facilities. Beaches have ongoing evaluations to ensure they meet the criteria which includes safety provisions, the presence of a map indicating all facilities, toilet facilities, recyclable waste facilities and compliance with the required standard of water quality.

A total of 499 Spanish beaches have been judged by the Blue Flag International Jury to have met the criteria, along with 77 marinas.

In the Costa Calidá there are 21 Blue Flag Beaches and Marinas – details can be found here.

The 576 Blue Flag awarded are great news for the Spanish property market – and reflect the confidence felt in the market by holiday homeowners and buy-to-let investors alike.

Labels: Costa Calida Property, Murcia Property, Property Investors

At Dream Spain we are always working to secure the best opportunities for our clients. We are pleased to confirm that on selected developments we have secured low deposit agreements - ensuring our clients have access to the most competitive payment terms available in the region. Being locally based our clients benefit directly from the excellent relationships we have developed with the best local builders in the area.

This is just one of the many reasons our clients choose Dream Spain and recommend our company to their family and friends. Please contact us now for a realistic chat about the property market in Murcia and the Costa Calidá.

Labels: Costa Calida Property, Murcia Property, Property Investors