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Category: myVIVA Property (box 1) (92 articles)

Spanish mortgage approvals rise at fastest rate for eight years

June saw Spanish mortgage approvals shoot up considerably when compared to last year

Official figures released by Spain’s National Statistics Institute (INE) this week have revealed that mortgage approvals in June rose 19 per cent year-on-year – the biggest monthly increase since March 2006.

Although overall mortgage approval numbers were some way short of the market’s peak in 2006 and 2007, the increase signals a slight cause for optimism for the Spanish property market.

The INE reports that 17,137 mortgages were approved in June, with the average loan amount rising 1.3 per cent to €98,582. In total, €10.7 billion in mortgage loans were signed off in June…

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Author:Ian Clover 29/08/2014 [0] Comments 
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90 per cent of foreign buyers on the Costa del Sol don’t need a mortgage, study finds

Marbella, Costa del Sol

The Costa del Sol property market is being driven by foreign buyers

Focusing on the current state of the Costa del Sol property market, a new study – just released by international real estate consultancy Aguirre Newman – confirms that throughout 2014 activity is being driven by foreign buyers, 90 per cent of whom, given that prices have been falling for 7 years, do not need to finance their purchase…

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Author:Carolyn Mowlem 26/08/2014 [1] Comment 
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Brits no longer drawn to ‘emerging markets’ when buying property abroad

While the emerging markets of 2005-6 failed to emerge, Spain has cemented its position at the top

Cast your mind back seven or eight years and the buzz words on everybody’s lips were “emerging” and “markets”. In the overseas property sector, these two words were shorthand for Dubai, Bulgaria, Cyprus, Turkey, Romania, Brazil, Egypt and Panama – locations that were set to become serious rivals to Spain’s crown as the destination of choice for Brits looking to buy abroad…

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Author:Ian Clover 18/08/2014 [0] Comments 
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Spanish house sales rise 8.8% in a year

Sales in Spanish property are up for the fourth month running

Figures published this week by Spain’s National Statistics Institute (INE) show that sales in Spanish property have risen by 8.8 per cent in the space of 21 months.

In June this year there were 26,076 property transactions for the month, nearly all of which were in the resale market. This is a significant increase on the same period last year, and represents the fourth consecutive monthly increase in property sales… Continue Reading

Author:Ian Clover 11/08/2014 [0] Comments 
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Spain house prices set to rise in 2016, say analysts

On the rise: Property prices in Spain are set to edge upwards from 2016

Credit ratings agency Standard & Poors released a report last week that predicts house prices in Spain will rise by two per cent in 2016, after reaching the bottom of the market next year.

Since the economic crisis brought Spain’s real estate sector tumbling in 2008, property prices have fallen by an average of 30 per cent across the country. On the Costa del Sol, many experts agree that prices bottomed out towards the end of 2012 and into 2013, and have steadily begun to rise in some of the more popular resorts such as Marbella and Nueva AndalucíaContinue Reading

Author:Ian Clover 06/08/2014 [0] Comments 
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US Fund Cerberus said to be investing €220m in Sotogrande

The marina at Sotogrande

World-famous sport and leisure amenities at Sotogrande include a beautiful marina, five golf courses and a polo ground

Although details of the deal are still few and far between, according to reports, giant US investment fund, Cerberus Capital Management L.P. – which is headquartered in New York and whose acquisitions also include a portfolio of bank branches bought from Caja Madrid in 2010 – has successfully won a bid at auction to acquire the Sotogrande real estate unit from previous owners NH Hoteles which controls Sotogrande Golf & Polo Resorts…

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Author:Carolyn Mowlem 05/08/2014 [0] Comments 
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Is this the bright new dawn for Spanish property?

The diversity and attraction of the Spanish property market, coupled with lower prices, has brought confidence flooding back

From boom to bust and back again? Not quite – the current upturn in Spain’s property sector looks like it has legs and, rather than inspiring a tidal wave of ‘me too’ markets like last time (Bulgaria, Dubai – we’re looking at you), currently stands alone as the best value property market in Europe.

The halcyon days of the early millennium propelled Spanish real estate to heady heights, with the sector accounting for 18 per cent of the country’s GDP in 2007. Back then, the market generated €30 billion every year; today, the figure stands at barely a tenth of that…

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Author:Ian Clover 28/07/2014 [0] Comments 
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VIVA Guadalmina office opens!

Our brand new office in the exclusive area of Guadalmina.

There’s just no stopping us as our expansion across the Coast continues –  I am delighted to announce the opening of our brand new office in Guadalmina!

It is proving to be a fantastic 2014 for VIVA, now with no fewer than 13 regional offices at strategic locations along the Costa del Sol and Inland too! Continue Reading

Author:Martina Heynemann 22/07/2014 [2] Comments 
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VIVA’S expansion continues with a new branch office in Torremolinos

VIVA's new Torremolinos office

A seasoned real estate professional, Michael Niven has lived in Torremolinos for 14 years and knows the area like the back of his hand.

I’m delighted to share with you the fantastic news that VIVA’s expansion continues with the recent opening of our new branch office in Torremolinos, with VIVA partner Michael Niven at the helm. A seasoned real estate professional, Michael – who has lived in Torremolinos for 14 years – has put together a great team of property consultants – MariCarmen Manrique, Nina Bernach and Spencer Creson – all of whom have the knowledge and experience to advise and serve the wide range of people of different nationalities purchasing properties in Torremolinos…

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Author:Martina Heynemann 14/07/2014 [0] Comments 
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Spanish property market: the Costa del Sol leads the way says Tinsa

Marbella, Costa del Sol

Property prices in Marbella rose 4.8 per cent between the first quarters of 2013 and 2014

New build properties selling off-plan… prices that have reached rock bottom and which in certain areas such as Marbella and Manilva are now on the rise again… plus increasing demand from foreign buyers are reason enough for Tinsa – which provides an index to house prices as well as other real estate information in Spain – to put the Costa del Sol at the forefront of the resurgence of Spain’s property market…

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Author:Carolyn Mowlem 11/07/2014 [0] Comments 
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