Britons urged to snap up Costa Blanca property bargains

Monday, April 27th, 2009
Costa Blanca property is among the supply of bargains in the Spanish market that Britons are missing out on, it has been suggested.

Investor portal spanishhotproperties.com reported a 1,000 per cent rise in enquiries since February, but revealed it is mainly buyers from Scandinavia and the Benelux countries that are taking advantage of the low prices, rather than Britons.

Cut-price deals include "frontline beach properties in Murcia for under €200,000" (£180,000), noted the firm’s managing director Nick Stuart, something that may interest those thinking of buying Costa Blanca property.

One place in the Costa Blanca that may see its property market boosted by improved transport infrastructure is Alicante.

A new toll motorway is planned from the city to Caudete in Albacete, running alongside the new high-speed rail line that is due to connect the area to Madrid, Typically Spanish reported last week.

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Costa Blanca property hailed for cheap bargains

Monday, April 6th, 2009
The northern part of the Costa Blanca has emerged as an area with many good bargains for house-hunters, it has been stated.

Seekers of Costa Blanca property can particularly find good prices in small villages lying inland, reports the Times.

Buying agent Lisa Francis told the paper that in the town of Xavita it was hard to find a property for under £150,000 two years ago, but a townhouse there can now be had for £60,000.

She said a three-bed villa with a pool and land in the nearby village of Anna is another good example, commenting: "It would have cost £280,000 at the top of the market, but the owners will now take offers of about £140,000."

As well as finding bargains, Costa Blanca property hunters can enjoy some classical culture in the region.

The British Museum’s Greek Collection has been put on display at the Museum of Archaeology in Andalucia.

Last week the Queen of Spain formally opened the exhibition, which includes artefacts like the second century BC disc thrower.

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Costa Blanca property may be boosted by Britons

Thursday, October 16th, 2008
Large-scale British bookings have bolstered the Costa Blanca winter season, it has been reported.

In news that may interest investors in Costa Blanca property, Spanish paper Informacion has reported that 65 per cent of the season’s bookings have been made by UK-based visitors, notes typicallyspanish.com.

The report adds that local tourism chiefs have decided to keep next years’ prices the same so as to ensure numbers are not diminished next year by the economic downturn.

Those investing in Costa Blanca property may be interested by the continued popularity of the region with Britons, not least as it raises the prospect of being able to rent out such a home to British Holidaymakers.

Last month it was reported that a study by the Agency for Mediation, Integrity and Social Coexistence had found the Costa Blanca to be the most visited part of the Alicante region.

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Spanish property remains top

Thursday, October 2nd, 2008
New research has shown that Britons still prefer Spanish property to anywhere else when it comes to buying abroad.

A study by Conti Financial Services showed that the Spain property market still leads the way with France second, despite a rise in popularity of some emerging markets.

Sales and marketing director at Conti Simon Conn said of Spain and France: "Affordable prices, low interest rates, easy access and great weather have all contributed to the attraction of these destinations."

Many buyers in Spain may look to the Costa Blanca property market for their ideal overseas home.

Murcia is one destination that may appeal, with its attractions including the early summer Three Cultures Festival, which aims to break down barriers by celebrating Christina, Jewish and Muslim culture, art and music together.

The city enjoys a warm and sunny climate and is close to the Mediterranean coast.

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New property price index to be launched in Spain

Friday, September 26th, 2008
A new index of property prices is to be launched in Spain, it has been announced.

In Spain, property prices have been falling of late but the accuracy of figures has been questioned, leading to the decision to introduce a new quarterly index to complement the existing housing ministry figures, reports Reuters.

Run by Spain’s Statistics Institute, the new index could be published on a monthly basis along with European Union–harmonised inflation figures, the body said.

While this decision is in response to concerns that the fall in prices is not being recorded accurately enough, for investors in Costa Blanca property or Costa del Sol property the provision of more reliable figures may also help those looking for hotspots and also emerging trends of recovery when the markets move into their next phase.

Those investing in the Costa del Sol property can presently take advantage of a wide range of choice due to the present surplus, spanishhotproperties.com has stated.

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Costa Blanca gears up for yacht race

Thursday, September 25th, 2008
The Costa Blanca is gearing up for one of the biggest events on the yachting calendar as Alicante prepares for the start of the Volvo Ocean Race.

Although the round-the-world event does not start until October 11th, the atmosphere is already bubbling up as competitors and fans are able to mingle freely at the race village in the city, the events website notes.

Last weekend 11,000 people visited the village and over a million are expected to come before the race starts, according to the head of the Alicante organising committee Nicolas Figueras.

Such an event may help enhance Alicante’s status as a sailing centre, attracting more tourists and in turn potentially providing more custom for rental holiday homes that Costa Blanca property investors have bought.

The lead up to the race is officially due to start today when the daughters of Spain’s King Juan Carlos launch two yachts at the port, La Manga Spain reports.

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Alicante ‘holding up well’

Wednesday, September 17th, 2008
The property market in Alicante is holding up much better than other areas of Spain, it has been stated.

While sales are lower in the Costa Blanca property market as well as that for Spain as a whole, Alicante has seen a much smaller fall than larger centres such as Barcelona, reports Costa Blanca News.

Ministry of housing figures for the first quarter of 2008 show that the number of transactions in Barcelona, which at five million has a much larger population, was only 700 more than in Alicante.

Those who do invest may find they do so in a market that will soon rise again, as the paper also noted that a recent Barclays report has found considerable pent-up demand from Britons.

Barclays concluded that 800,000 potential UK buyers are keen to invest in Spain, but are waiting for a market upturn before they do so.

One factor that may influence more people to invest in the Costa Blanca property market and other Spanish property is the perceived advantage of property as an investment over stocks and shares as markets around the world plunge following the Lehman Brothers collapse.

Russians are increasingly abandoning their fast-declining stock market and buying more property in Spain, Property Wire has revealed.

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