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CBRE Global Investment Partners & Madison International Realty confirm $1 billion investment

CBRE Global Investment Partners & Madison International Realty confirm $1 billion investment

Industry leader in customized indirect real estate investment solutions, CBRE Global Investment Partners and Madison International Realty have agreed to invest $1 billion in Spanish property.The portfolio will consist of 6,458 Spanish residential properties, valued at €870 million.The investment forms part of the recapitalisation of a fund managed by Spanish asset manager Azora, who will continue to have a majority stake in the venture ... [Read More]

5 Reasons to Buy Property on the Costa del Sol in 2018

5 Reasons to Buy Property on the Costa del Sol in 2018

Following one of the worst economic downturns in the country's history, Spain has made a full recovery due to its ever-present allure amongst foreigners, as well as a number of favourable market conditions. The uncertainties surrounding the Spanish economy have clearly reduced as the economic growth remains robust, backed by better conditions and access to credit, improvements in the labour market, a fast-growing economy and ... [Read More]

Unemployment in Spain falls to pre-crisis levels

Unemployment in Spain falls to pre-crisis levels

New labour contracts drawn up over the summer in Spain have reduced the number of unemployed in Spain to 3.13 million, the lowest level in nearly a decade and 2 million below peak levels reached during the financial crisis.According to the National Institute of Statistics, 27,141 more people were offered employment in July, peak season for the tourism sector in Spain. 19.4 million workers across Spain are now paying into the Spanish ... [Read More]

Marbella region attracting younger property buyers in 2018

Marbella region attracting younger property buyers in 2018

The Malaga province in the Spanish southern region of Andalucia saw a rise of nearly 5% in property sales, with an impressive increase of 31% of non-Spanish buyers this year. According to the National Statistics Institute, the figure is 4% higher than the year before when the number of non-Spanish investors rose by 28%.The Costa del Sol's appeal is as high as ever for property investors this year as Spain remains one of the top destinations ... [Read More]

Tinsa reports a 4.6 per cent rise in Spanish property prices in July

Tinsa reports a 4.6 per cent rise in Spanish property prices in July

Leading valuation firm, Tinsa published a report this month that showed a a 10.6 per cent rise in residential property values across Spain since February 2015. Price rises in the month of July saw a 4.6 per cent rise, following one of the most positive months in eleven years in June.Average market values have seen steady increases since the market bottomed out in February 2015, although it is still 36.5 per cent lower than the peak reach ... [Read More]

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