Independent overseas property business portal Globaledge has released the results of an in-depth study into the most searched-for Spanish property destinations by internet users outside Spain.
The Globaledge Search Index collects data from over 13,000 unique Spanish property search phrases on Google’s Keyword tool and aggregates the information by location to create a list of the most popular destinations for foreign buyers.
According to Ashley Rigg, managing director of globaledge.co.uk, the Canary Island of Tenerife ranked top when it came to property searches, with 53,805 property-related searches taking place on Google in July 2008.
Tuesday, September 30, 2008
Saturday, September 20, 2008
Islands Beat Costas In Spanish Property Searches
Although the Spanish Ministry of Housing reports property transactions are down 32 per cent year on year, data from the new Global edge Search Index suggests there is still significant demand for property in Spain from overseas buyers.
The data also suggests there are some relatively untapped opportunities for agents who can offer property in the right areas.
Recently Chris Mercer, from Mercers estate agents, who recently won the Best Spanish Estate Agent accolade in the CNBC Europe & Africa Property Awards 2008 told Spanish Homes Magazine: "From a property point of view I always look for new areas rather than follow the pack."
This may explain the key to the company's success over the last 25 years.
The data also suggests there are some relatively untapped opportunities for agents who can offer property in the right areas.
Recently Chris Mercer, from Mercers estate agents, who recently won the Best Spanish Estate Agent accolade in the CNBC Europe & Africa Property Awards 2008 told Spanish Homes Magazine: "From a property point of view I always look for new areas rather than follow the pack."
This may explain the key to the company's success over the last 25 years.
Wednesday, September 10, 2008
Spain August home prices fall 4.6 pct
MADRID, Sept 9 (Reuters) - Spanish house prices fell 4.6 percent in August from the year ago month, marking the sixth month of decline after the global credit crunch burst Spain's housing bubble, an industry report showed on Tuesday.
The drop followed a 3.9 percent year-on-year fall which the report's publishers, real estate valuation firm Tinsa, recorded for July.
Spain's Mediterranean coast -- which has seen massive building over the last decade for foreign buyers -- was worst hit, with prices slipping 8.3 percent, Tinsa said.
Prices in metropolitan areas slipped 7.1 percent while those in regional capitals and large cities declined 5.7 percent, Tinsa said.
Spanish house prices are expected to fall between 20 and 30 percent in real terms over the next four years due to chronic oversupply and a prolonged economic slowdown, according to banks and real estate companies.
The drop followed a 3.9 percent year-on-year fall which the report's publishers, real estate valuation firm Tinsa, recorded for July.
Spain's Mediterranean coast -- which has seen massive building over the last decade for foreign buyers -- was worst hit, with prices slipping 8.3 percent, Tinsa said.
Prices in metropolitan areas slipped 7.1 percent while those in regional capitals and large cities declined 5.7 percent, Tinsa said.
Spanish house prices are expected to fall between 20 and 30 percent in real terms over the next four years due to chronic oversupply and a prolonged economic slowdown, according to banks and real estate companies.
Tuesday, September 2, 2008
Spain's Colonial suffers 2.38 bln euro loss
In a statement late on Sunday, the firm also said it had reached a preliminary deal with creditor banks to restructure its debt and hoped to reach a final accord in early September.
Colonial said its debts totalled 8.99 billion euros as of June, while its assets were worth 10.5 billion euros.
"The company intends to continue talks with creditor banks with the aim of reaching a formal and binding accord for the complete financial debt restructuring," Colonial said in a statement.
The banks took partial control of Colonial earlier this year when some of its shareholders failed to meet obligations.
Colonial did not say which of its assets would be affected by the restructuring deal.
Colonial said its debts totalled 8.99 billion euros as of June, while its assets were worth 10.5 billion euros.
"The company intends to continue talks with creditor banks with the aim of reaching a formal and binding accord for the complete financial debt restructuring," Colonial said in a statement.
The banks took partial control of Colonial earlier this year when some of its shareholders failed to meet obligations.
Colonial did not say which of its assets would be affected by the restructuring deal.
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