The popularity of real estate in Malaga has increased substantially in these past few years. People from all over Europe are interested in buying holiday properties here. It’s cheap and easy to get to Malaga due to the rise in the numbers of budget airlines operating to and from Alicante Airport.
What you need to know about Malaga Real Estate
The demand for Malaga real estate has exploded during the past few years. This can be put down to a number of important factors. Firstly the area now seems much more attractive to foreign investors. This increased demand has caused the prices to rice. Property in this area is very popular with people in Europe, particularly those in Northern Europe.
These buyers often either decide to purchase this as a holiday home, or as a form of investment. They may use it for their own vacations during part of the year, however when it is not used they will more than likely rent the property out. This makes it possible to recover some of the money tied up in the property. It is fairly easy to rent properties during the summer, there is also a decreased demand during the winter thanks to the golfing resorts.
Thursday, August 28, 2008
Friday, August 22, 2008
Want to Buy Property in Spain? Follow these Tips
Are you in the market for a vacation property? There has been a recent surge in holiday homes in Spain and for good reason. Property prices are less expensive than many other countries and the climate makes it ideal for vacationing year round. European buyers are the biggest market for Spanish real estate but it is possible to buy property in Spain no matter where you live. While buying foreign property has become easier in recent years, there are still some things that take extra consideration. Here are some tips to buying real estate in Spain.
Real Estate Agents
After deciding that a vacation home in Spain is for you, the first thing you should do is find a real estate agent in the area you are looking. Make sure you find someone with credentials and affiliated with a company so you won?t get exploited. There have been reports of foreign buyers hiring unscrupulous agents who take advantage of the language barrier and the ignorance of Spanish laws.
Real Estate Agents
After deciding that a vacation home in Spain is for you, the first thing you should do is find a real estate agent in the area you are looking. Make sure you find someone with credentials and affiliated with a company so you won?t get exploited. There have been reports of foreign buyers hiring unscrupulous agents who take advantage of the language barrier and the ignorance of Spanish laws.
Monday, August 11, 2008
Spain's Habitat says seeks partners, not for sale
(Reuters) - Unlisted Spanish real estate company Habitat is seeking additional equity from investors willing to buy a stake as part of its restructuring, a company spokeswoman said on Friday.
Barcelona-based Habitat agreed on a 1.6 billion euro ($2.43 billion) refinancing in February, saving the company from insolvency. Habitat is suffering from the collapse of Spain's real estate boom and the global economic slowdown.
"The company is seeking partners, but a sale has been ruled out," the spokeswoman said, contradicting recent press reports that said the company was up for sale.
Barcelona-based Habitat agreed on a 1.6 billion euro ($2.43 billion) refinancing in February, saving the company from insolvency. Habitat is suffering from the collapse of Spain's real estate boom and the global economic slowdown.
"The company is seeking partners, but a sale has been ruled out," the spokeswoman said, contradicting recent press reports that said the company was up for sale.
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