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BBVA report finds growth in Spanish property market to be healthy and sustainable

BBVA report finds growth in Spanish property market to be healthy and sustainable

Reporting on the current state of the residential property market in Spain, BBVA analysts found positive indications that the market is in no danger of the boom-and-bust cycle that happened a decade ago. Average property prices are also expected to rise by around 5 per cent this year, double the figure for 2017.Assessing the sustainability of the current growth in the market is a sensible focus for analysts, given the roller-coaster ride of ... [Read More]

Uber to begin services on the Costa del Sol

Uber to begin services on the Costa del Sol

Digital taxi service Uber has announced its imminent arrival to the Costa del Sol in time for the summer season.The location based app allows users to hire on-demand private drivers from any smartphone and is currently operating in over 60 countries and 400 cities worldwide. The announcement to expand to the Costa del Sol is a natural progression for the company, being one of the most active tourist destinations in the world with over 12 ... [Read More]

Investment trust Vukile increases Spanish property portfolio to 400m

Investment trust Vukile increases Spanish property portfolio to 400m

Following a surge in interest and demand for Spanish investment opportunities, Vukile, a listed real estate investment trust is the latest company to expand its presence in Spain with a 80.6 million euro acquisition of a shopping centre in Torrevieja.The investment follows Vukile's entry to the Spanish retail property market in July last year when it added 11 Spanish retail parks for 193m to its portfolio, and an additional two in December ... [Read More]

Properties on the New Golden Mile highly sought after by investors

Properties on the New Golden Mile highly sought after by investors

Lovingly referred to as 'New Golden Mile' by locals after the success and exclusivity of the nearby 'Golden Mile' in Marbella, the prime coastal area is situated to the west of Guadalmina and stretches to central Estepona.Located along the beachside of the A7 coastal road, the 'New Golden Mile' has become one of the premier destinations of property buyers on the Costa del Sol. The area has grown exponentially in importance and allure since ... [Read More]

Invest in your dream Spanish property on record-low mortgage rates

Invest in your dream Spanish property on record-low mortgage rates

Euribor, the base rate used for most mortgages in Spain came in at -0.19 in April. The figure is a fraction higher than in March but still 59.7% lower than April of 2017, meaning borrowers with annually resetting Spanish mortgages will see monthly payments fall by around €3.6 for a typical 20-year €120,000 loan.Euribor rates fell into deep negative territory every month between September 2016 and December 2017 and have remained unchanged ... [Read More]

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