Paramount Studios and the affect on the Spanish Property Market

In the last few months there has only been good news about the Spanish Property Market. Primelocation last week reported that year on year searches for Spain had risen by 147% making it the number one choice for property markets. To continue with the good news, The National Institute for Statistics in Spain recently reported a 26% increase year on year for property sales which further supports the theory.

Encouraging News articles

I have been a bit of a bull in the last six months and calling the bottom of the market in the European market place. Though it has someway to go to retain its former glory and there is still a glut of properties, house sales are up and prices are starting to stabilise and increase in some places.

Here are some recent press articles in the last few days just to support the theories:

The Telegraph – Majorca VS Menorca

Turkey property market increases; Article one and Article two

Spain crawling out of the recession

Overseas property is providing a bargain for British investors

Another guest post written for “The Big Property List”

One of the top UK property blogs recently asked me to open their account on the overseas market place. Therefore I wrote about now being right time to be investing in the overseas property market. Read more about it here.

The Big Property List Link

Hope everyone is well.

James

Spanish property regaining strength.

I mentioned back in May that the Spanish property market was showing signs of recovery and I have to say that I still support this theory. Yes, there are still negative reports in the media about the state of the market but the facts are undeniable. The market has stabilised and is regaining strength quickly.

Google property launched in the UK but would it work in the overseas market place?

So the big day has arrived. The moment that some had feared, some had fascinated about and some had meerly been curious. Google launched their property “portal” search function on the Google Map platform.

Having been fascinated by the progress they were making for some time now (it was an immediate give away when Street View launched) and having written about it back in July last year I felt I had to comment once more. If you want to try it click here as it is well worth it but to be honest it is what I would call a “Ronseal Ryanair” website in that it does exactly what it says it will with the little or no additional features.

Spanish property market showing signs of recovery

Spring is in the air as are signs of recovery. It has been a very positive start to 2010 and a complete contrast to the end of 2009. It was as if New Years Eve brought a torrent of positivity toward the property market; both UK and Overseas. It was first documented by the Spanish Ministry of Housing that sales numbers were picking up back in November 2009 and this has continued this year according to the latest figures.

The Overseas property market in 2010

I was very recently lucky enough to be a panelist at “The Place in the Sun” exhibition at Earls Court in London. It made me really think about the market for 2010 as it was such a positive exhibition. The stands were busy, the seminars that I was a part of were very busy and generally people seemed very upbeat. So what does this mean for 2010?

Bank Guarantees and the responsibility of the developer in the world of Overseas Property – Part one, Spain

There has been a lot of insecurity over the last year about overseas property and I have seen a real shift in the property market to people buying either resale property or key ready property. This is not surprising since a lot of the media has been filled with developers not finishing their developments and I have to admit I have seen first hand, several smaller and some larger developers having serious problems.

Overseas property purchases show signs of recovery

In these last few weeks there has been a lot of positive press regarding the word “recovery”. There have been fantastic indicators in the UK including the FTSE 100 reaching 5,000 for the first time since October 2008, the UK domestic Market showing promise with increases of 5.6% on the year and predictions that houses will actually be worth more at the end of the year than at the start. There are other, more economic indicators as well; GDP figures are up on forcasts, the costs for banks borrowing from each other is now cheaper than before the credit crunch and unemployment continuing to peak and given this is a lagging indicator, this is actually good news.

What does this mean for the overseas property sector however, are we seeing such bullish news from this sector; one which has been hit hard by the credit crunch?