International interest in prime Spanish locations

0
Lucas Fox tripled the number of transactions in Barcelona


IN the last 12 months, estate agency Lucas Fox reports it has seen sales revenue nearly triple, thanks mainly to Northern Europeans returning to the market.

They speak of a surge in interest from Russia, the Middle East and China, attracted by the introduction of Spain’s new ‘Golden Visa’ scheme and predict that property sales prices will continue to fall modestly in the first half of 2014 and begin to stabilise as the year goes on.

According to the company, 2013 was the best year to date for its Barcelona office with the average transaction value close to the €1 million mark. The number of transactions almost tripled, a trend that they expect to continue in 2014.

-- Advertisement --

“The last 12 months have been a pivotal year in the Spanish luxury property market, commented  Lucas Fox co-founder Alexander Vaughan: “Confidence returned and, along with it, increasing numbers of international buyers, enticed back to the market by historic low prices in some of Spain’s most desirable areas. The new Spanish residency laws – allowing non-European clients to gain Spanish residency if they invest €500,000 or more in property – means that British and European clients are now competing with their Russian, Chinese and Middle East counterparts for the best deals. There are good investment opportunities to be had but in some areas, sellers still need to adjust property asking prices in order for the market to regain momentum.”

According to the latest official figures, foreign demand for Spanish property – particularly in prime coastal areas – rose 29 per cent in 12 months. In Malaga province, foreign purchases rose by 61 per cent over 12 months and by 52 per cent in Girona (Costa Brava).


San Vicente’s Municipal Car Park Back To The Dark Ages 

Back to the dark ages  IT is impossible to pay to park at the municipal car park beneath San Vicente town hall with a €20 note.  A sign...

Two people Arrested After A Memorial To Murdered Guardia Agent Was...

Accused of humiliating the victims of terrorism in Spain  TWO people have been arrested after a memorial to a murdered Guardia Civil agent was vandalised...

BREAKING NEWS – MP’s Vote Motion Through Parliament

MPs have approved a motion for the House of Commons to sit on Saturday to discuss a Brexit deal. This will now allow Boris Johnson...

BREAKING NEWS – Irish Prime Minister Speaks Out On Brexit Deal

Irish prime minister Leo Varadkar has just said the new Brexit deal is good for both Ireland and Northern Ireland and allows the UK...

Health spending doubles in Andalucia

SPENDING on health facilities has doubled in Andalucia. Infrastructure worth more than €168m has been approved by health bosses in the region since January which...

BREAKING NEWS- DUP Will Vote Against Brexit Agreement

The DUP has just announced its MPs will not vote in favour of the new Brexit deal reached between the UK and the EU...

Ancient Sites Plundered In Jaen

A MAN from Marbella is one of three arrests made in an investigation against the plundering of archaeological sites.  National Police specialists launched an investigation...

October 31 – Be-United: Your community needs you!

October 31 - Be-United Your community needs you! THE countdown has begun for the most spooktacular Halloween party EVER! WE have all made the Costa del Sol...

Fugefest Festival In Fuengirola

Finnish Lion roars  THERE is a particularly large and active Finnish population living in or around Fuengirola and for the fifth year, Fugefest which features...

New Benalmadena Mosque will not be built in the upper area...

AT a meeting hosted by the Mayor of Benalmadena, Victor Navas and attended by council members, local residents and representatives of the Muslim community...

New Addition To Bioparc Fuengirola

BIOPARC Fuengirola is to get a new addition in the form of a young female coastal gorilla.  She will complete a reproductive group as part...

The Battle Of Fuengirola

Battle of Fuengirola - October 15th, 1810 During the Peninsular War, a fierce battle took place at Fuengirola. This is a short account, more or...

San Vicente’s Municipal Car Park Back To The Dark Ages 

Back to the dark ages  IT is impossible to pay to park at the municipal car park beneath San Vicente town hall with a €20 note.  A sign...

DIY Works Out Cheaper In Teulada-Moraira

TEULADA-MORAIRA is saving €400,000 by maintaining its own rubbish-collection service.  This is provided by municipally-owned Teumo Serveis Publics, explained councillor Hector Morales.  The public sector company was created by the predecessors of...

Arrested for murder of Belgian pensioner on the Costa Blanca

A MAN has been arrested for the alleged murder of a 78-year-old Belgian citizen, whose body was found last July in his home in...

Man Sentenced To Two Years In Prison For Sexual Abuse

A 23-YEAR-OLD has been sentenced to two years in prison by the Alicante Court of Appeals for coercing a minor to have sexual relations with...

Finestrat Plans For Free Wi-Fi On Puig Campana’s Summit

Connections in high places  FINESTRAT town hall is planning provide free wi-fi on Puig Campana’s summit.   At present extensive sections of the 1,400-metre mountain are without mobile coverage, frequently...

Benidorm blaze

A MASSIVE fire has broken out at the Robin Hood Magic Complex in the Alfaz del Pi area of Marina Baixa, near Benidorm in...

Sports Funds Approved In Alicante

ALICANTE council has approved a €200,000 package to help small towns in the province buy sports equipment.  Benijofar is one of the municipalities that qualify as...

Ministry of Health Will Finance Help To Quit Smoking

Help to quit smoking  UP to 10,000 people in Murcia – and thousands more across the Costa Blanca, could benefit from a health service decision...

WATCH: Fireball over the Med: did you see it?

A SPECTACULAR fireball passed over the Mediterranean just off the coast of Almeria in the early hours of Sunday morning. SMART project detectors at the...

Toll Road Questions  

WITH less than three months to go before tolls are officially lifted on the AP-7 questions remanin unanswered.  Will they actually become free to use? If not, how much...

Costa Blanca South – Next Edition of Euro Weekly News Out...

The next edition of the Euro Weekly News will be out this Thursday, in print or online, don't miss out! See more Costa Blanca South...

Villena Loses Grant Of Nearly €500,000 To Renovate The Town Hall

Grant lost  VILLENA has lost a grant of nearly €500,000 to renovate the town hall.  When the Valencian regional government approved the hand-out in September 2018...

Vélez River Delta Goes Ahead

“THE largest urban development project in the region” has been given the go ahead in Velez Malaga. The mayor of Vélez-Málaga, Antonio Moreno Ferrer...

Axarquia – Costa Tropical – Next Edition of Euro Weekly News...

The next edition of the Euro Weekly News will be out this Thursday, in print or online, don't miss out! See more Axarquia - Costa...

Chameleon Study In La Herradura

Chameleon study FIFTY volunteers took part in a study to determine the local population of this friendly creature, the chameleon. The hunt for the reptile took...

Refuse Collection Privatisation News Causes Concern in Motril

Load of Rubbish THE mayor of Motril’s news that he is to privatise the refuse collection duties in the town has not gone down well...

Seprona arrest Almuñécar fire suspects

TWO men have been arrested for their part in the fire that ravaged the Loma de Gato – Barranco del Romeral hillside in Almuñécar. The...

Treatment plant resumes construction in Nerja

THE new Nerja Wastewater Treatment Plant (WWTP) will resume construction next week. Works on the last phase of the project will begin next week after...

Health spending doubles in Andalucia

SPENDING on health facilities has doubled in Andalucia. Infrastructure worth more than €168m has been approved by health bosses in the region since January which...

Major marijuana bust in El Ejido

TWO people are under arrest after Guardia Civil found more than 2,300 marijuana plants in an El Ejido greenhouse. Guardia officers surprised the pair inside...

Mojacar athlete European medal winner

MOJACAR athlete Pedro Valdivia has won a bronze medal in the half marathon at the 21st European Athletics Master 50 Championship in Venice. Pedro, who...

Fruit and veg heart gives Almeria second Guinness World Record

ALMERIA has gained its second Guinness World Record, this time with the largest ever heart made entirely from fruit and vegetables. No less than 20...

Mojacar joins ‘save the planet’ campaign

MOJACAR has joined a regional ‘save the planet’ campaign aimed at promoting the reuse and recycling of electrical and electronic equipment waste. Running over the...

Bedar student raises charity trip cash

BEDAR student Toby Desmond has made it to Costa Rica as a volunteer with charity Operation Raleigh following intense weeks of fundraising work to...

Recycling For Research In Palma

TEN pink containers for recycling glass have been distributed in five places around the city of Palma for cancer research.  The containers have been installed in...

Mallorca – Next Edition of Euro Weekly News Out This Thursday!

The next edition of the Euro Weekly News will be out this Thursday, in print or online, don't miss out! See more Mallorca News

Rats cause IT chaos in Mallorca

Rats cause IT chaos in Mallorca THE Andratx Local Police is offline. For a week now, officers have had to carry out all the formalities...

Man tries to steal famous Ale-Hop cow in Palma

THE Life size mascot parked outside stores of novelty and gift store Ale-Hop has long been a recognizable sight along Spain’s high streets. It has...

Hospitalised after blaze Marratxi

TEN people suffered smoke inhalation and one has sustained mild injuries in a fire at two warehouses on the industrial estate in Marratxí.  The fire started at around 8.15 am on Monday morning in...

GENDER-VIOLENCE claims new victim

A 59-year-old German woman died on Sunday morning after being stabbed in the chest and abdomen by her partner, a Spaniard, also 59. Ika Hoffmann,...

Brother and sister found dead at home in Tenerife

A MAN and a woman have been found dead at a house in Tegueste in Tenerife. Both in their sixties, the pair are reported to...

Series of earth tremors hit Canary Island of El Hierro

THE Canary Island of El Hierro was shaken by an earth tremor that reached a magnitude of 5.7 on the Richter scale.  The quake was...

Arrested for 2009 murder in Tenerife

A MAN, aged 44, has been arrested for an alleged murder of a woman who disappeared in 2009.  The arrested man is at present serving...

Gran Canaria Fireman suspended for speaking to press

THE President of a firefighters’ union has been suspended without pay for two days for talking to the press.  Pablo Gonzalez is a working fireman...

Photographer tricked children into porn images in Spain

A PROFESSIONAL photographer has been arrested for allegedly tricking 43 children into creating pornographic material.  He offered on the Internet an "artistic collaboration" consisting of...

Cricket Hero Ben Stokes Smashes The Sun For Six

Caption.Credit Flickr   Ben Stokes one of England's  greatest all round cricketers of all time has gone to twitter to slam articles written about his family...

Young Gibraltarian dives in to the sea to help save one...

WHEN officers from the Gibraltar Environmental Protection and Research Unit (EPRU) were alerted to news that a large fish was in distress off the...

Gibraltar Airport forced to close and flights cancelled or diverted

FOR the third time in less than a month the airfield in Gibraltar has been closed and flights disrupted or cancelled. There is a dispute...

Is Gibraltar a Colony and should sovereignty be handed over to...

IN the eyes of both Britain and Gibraltar its status is quite clear and it is defined as an Overseas Territory which has direct...

Brand new Brexit Office opens in Gibraltar

IN order to show that despite the fact the Rock as a whole is against Brexit, the Government of Gibraltar has today (October 1)...

Boris Johnson says “Gib Support Is Rock Like”

Albert Isola, Minister for Finance for Gibraltar has attended the Conservative party conference as Fabian Picardo Gibraltar PM couldn't attend as tonight he appears on TV programme question...

Reconstructing the past of Gibraltar

THE history of Gibraltar goes back to Neanderthal man and new discoveries coupled with new techniques are allowing for even more to be known...

LEAVE A COMMENT

Please enter your comment!
Please enter your name here