Buying a holiday home somewhere in the world is a desire of many. You can holiday whenever you want and for as long as you want, which is especially great for retirees hoping to spend half of the year abroad.
Whilst you are away you will feel comfortable, at home, and since your family will only have to pay for flights, it means they can use the money they save on accommodation to come and visit you again and again!
But where do you begin looking? There is no better location for buying a holiday home than Southern Spain.
Buying property in Spain means buying into a country with pleasant temperatures and ample sunshine all year round, so if you want to flee the bleak English winter for six months, you can enjoy averages of 12°C between December and February. You will also have guaranteed hot weather for all of your summer visits.
We are really proud of our new Costa Calida / Mazarron / Camposol video.
It has taken us many months to film and edit. The film shows the various fishing villages in the Bay of Mazarron, including La Azohia, Isla Plana, Puerto do Mazarron and Bolnuevo.
We also have interviews with residents of Camposol.
The link to the film is on the bottom of our home page and simply click on the big red button.
Mercers are featured in this article taken from Yahoo Finance.
Due to a strengthening Pound Sterling, the average property price in Murcia, Spain is now something like 60% cheaper than in 2008.
This is due to the property values having fallen by 50% and a 10% weakening of the Euro. All of this add’s up to a buyers paradise in Spain and in Murcia where there are some excellent bargains to be snapped up.
The following article explains more:
They said it would never happen (and it still might not) but the opening of Corvera Airport is imminent and a major cash boost has been promised for the Paramount theme park in Murcia, South-East Spain.
The long-running linked sagas of Corvera Airport and Paramount theme park in Murcia, Spain, have moved further slow steps towards reaching a happy resolution. Earlier this week Alberto Garre, President of the Region of Murcia said the arrival of the high-speed AVE train and opening of Corvera International Airport “in 2015, if possible, would become reality”. With the theme park meanwhile, the announcement of a €16million EU subsidy had the online forums buzzing. This was later clarified to say it would be paid following construction of the development scheduled to cost the developer, Premursa, in excess of €200 million. The European Commission said in a statement that the area was “entitled to receive regional development loans,” and “We have arrived at the conclusion that the positive contribution of the measure to favour local development would outweigh the competitive situation created by the private company being given state aid.”
Chris Mercer, Director of local estate agent Mercers Ltd, said: “Since Murcia was chosen as the location for the Paramount Park back in 2010, the path to realisation has been chequered. Following a symbolic stone-laying ceremony in 2012, and recent small-scale work on access roads and land clearance, the site has been relatively quiet. The focus has been on planning permission, environmental assessment and, most important, attracting foreign investment. Opening dates have been gradually pushed back from 2015 to 2017. Naysayers have had their doubts but a €200-million-plus project in a country emerging from recession was never going to have it easy. At least now the signs are the most positive we have seen for a long time.” Premursa has also prepared some with impressive websites and promotional videos.
After 5 years of decline it appears as though Spanish property prices might have bottomed out. When the credit crunch hit the Eurozone in 2007, 700,000 homes fell to the Spanish banks. Within the Murcia area in 2007 an average price for a property was EUR 147,000. This decreased annually to EUR 45,000 in 2012, meaning some properties were actually being sold at 70percent lower than their maximum prices as banks were pressured by the European Central Bank to rebalance their books and clear away under-performing property resources. But, it appears as if average prices in 2013 are going to go up to EUR 55,000, indicating that the market may have bottomed out.
Once the Hamiltons purchased their unique holiday home in Camposol Golf on the Costa Cálida six years ago, they had no aspirations for gathering a property portfolio. Nonetheless, combining Barry’s impending retirement and reports of a Paramount-branded Theme Park inspired them to benefit from the current buyers’ market and acquire one additional property in Camposol Golf.
JANE SLADE assesses the property market in Spain and discovers it is not all doom and gloom but you do have to watch where you buy The Hondon valley, a hilly, rural enclave of villages and farms 40 miles inland from Alicante has been a peaceful idyll for many Brits who came seeking a place in sunny Spain away from the searing heat and concreted Costas. But since the recession many hit by the poor Euro exchange rate have been forced to sell their villas at rock bottom prices or hand the keys back to the bank.
2013 seems set to become a great year for Spanish property. Most recent reports summarising property sales and rental stats from government and independent sources, indicate that the second half of 2012 observed a rise in worldwide customers aiming to snap up value for money property stock. And there’s several reasons why now’s a good time.
As the international property world prepares itself for a new year in 2013, Spain is wanting interest from new international markets and renewed keenness from normal buyer locations is likely to make for a positive year, pushing on from a good end to 2012.
Agents, developers and property consultants feel interest in each of the top and lower ends of the sector is up, with cash buyers in an specifically strong place, while international buyers and those from outside the EU may find proposed new legislation to grant residency to everyone investing in a property for more than €160,000 especially appealing.
“Spain hopes to tempt Britons back into the market this summer with a million unsold homes going at bargain prices and in top locations,” says Cathy Hawker with a million unsold properties and prices slashed by 40 per cent, the Costas property bubble may have well and truly burst but the Spanish government is banking on British buyers coming to the rescue.