Why Spanish Real Estate Troubles UK Buyers

Spain Property Market

UK overseas buyers seeking retirement or investment made Spain the No.1 place for them to buy real estate abroad. It offered easy access by low cost airlines and affordable property as well as lower costs of living. 2009 saw a change in Spanish real estate fortunes and the withdrawal of the UK buyers interest on a huge scale.

It is fair to say that Spain's real estate market is in trouble with UK buyers. The Spanish property market has not only been victim of oversupply and house price falls but also a scandal concerning planning permissions reversals.

A survey by overseas property website Homesgofast.com found the number one concern for overseas buyers considering buying  real estate in Spain were fears over planning regulations.  

The survey targeted people that had inquired about buying a property in Spain over the last 12 months and received 1024 replies. 63% of respondents were located the UK. The results showed that second largest concern from buyers related to the decline in the Spanish property market and house values. The survey also uncovered a fear amongst international buyers concerning fraud and being victim of a scam

 The survey asked "what was the number one concern when considering buying a property in Spain"

Survey results

36% - Planning permission issues

23% - Spanish property market / decline in house values

19% - Fear of being subject to scam/fraud

14% - Currency exchange fluctuation uncertainty

8 % - Other

 In recent news around 800 British and Irish residents marched in Almeria after demolition orders were issued for eight expat-owned homes in the nearby town of Albox. The owners are appealing but it is feared many more homes are under threat after Spanish regional authorities' overruled planning permission. It is said that thousands of Britons have bought Spanish properties in good faith, only to find they were illegally built on protected land.  

Is this an opportunity for other regions?

Will the Spanish property market bounce back?

3 commentsNicholas Marr • January 25 2010 03:51AM

French Property Why The Brits Just Love It

French Property

The British love affair with French property is set to continue into 2010 but why do the Brits love France so much and can other regions pick up some tips? 

The number one reason is France is very easy to get to with an abundance of low cost flights to France. For those who prefer not too fly Brits can choose to arrive in France by land or sea. The second reason is the region offers a great choice from beach type property, rural areas, ski property to city apartments it seem France has it all. 

The housing market s stable without great price increases and get rich quick schemes. Property law is well established and has a proven track record so those adverse to risk feel safer to buy a property in France. 

A huge consideration is the French lifestyle.France has been named the best place to live for the fifth year in a row by the US magazine International Living. Every January the magazine produces a ranking quality of life in countries throughout the world. The publication specializes in overseas re-locations and is well aware of international real estate and local housing markets in many countries across the world. 

International Living ranked 194 countries for the 2010 edition in nine different categories. France received the highest marks for its healthcare system and freedom, and near the top for its infrastructure. The magazine praises Paris as offering the best of everything, as well as Corsica, Provence and several other popular regions.

French Guides and property. Lean more with a guide to Living in France at http://www.frenchentree.com or to find French Propertyfor sale at overseas property portal at HomesGoFast.com

 

0 commentsNicholas Marr • January 10 2010 09:13PM

Fortaleza Brazil Best Kept Investment Secret Revealed

Brazil Fortaleza

Property in Brazil is all the talk for international investors but like many countries not all regions are equal and you need to tread carefully when considering a location. I am going to make your investment destination in Brazil easy by suggesting its best to invest in the North East Region of Brazil.

My recent visit to the North East region confirmed that exit strategies were as solid as a rock meaning when it came to sell your investment you have both local and international buyers to sell too.

City of Fortaleza

The northeast Brazilian region of Fortaleza in Ceara is my tip for the place to invest in Brazilian Real Estate . I recently visited the city which for me is the gateway to real estate bargains ideal for international property investors seeking low priced well placed land or real estate. 

Fortaleza, the fifth largest city in Brazil, is the capital of Ceara state. The city and state are located on the northeast coast of Brazil, just south of the Equator. Fortaleza is one of the most popular domestic tourist destinations, and is growing as an international tourist hot spot as well with over 250,000 visitors from abroad in 2009.

The city and its outlying areas have some of the best beaches in the world. The combination of warm, dry weather, great beaches and a modern city make for an ideal place to buy a holiday home or retirement villa, and the area continues to grow in popularity as an investment location.

The coming years should see Fortaleza and the surrounding area become even more popular than they are today.Find Investment property in Brazil

Video of Fortaleza

2 commentsNicholas Marr • January 03 2010 07:38AM