Property Market News

The Cinderella costa - Long overshadowed by Spain’s other property hot spots, Murcia now has development fever. But is it a good deal, asks Mark Stucklin of The Sunday Times The fastest rising house prices in Spain are not on the Costa del Sol, or even on the Costa Brava, but in Murcia. Until recently it was more famous for producing vegetables than attracting holidaymakers, but the agricultural region has seen prices rise by 169% in the past five years, according to government figures. Andalusia comes in second, with a modest 132%.

Talk of property investment slowdown premature says Bank of Spain - Both the Spanish ministry of housing and the Bank of Spain have denied that there is any overall slowdown in the Spanish property market, pointing to the housing ministry's second quarter of 2005 report showing that house prices increased by four per cent over the quarter. Projected over the year, this suggests an annual rate of house price inflation of 13.9 per cent – only a marginal decrease from the 15.7 per cent shown through the first three months of 2005. In its latest report, the Bank of Spain argues that it is premature to project an overall long term trend property investment prediction from such a small change.

Spain's foreign legion - Many Britons often aspire to own a second home in Spain, or plan to escape these shores to head to the country in their retirement. And new figures suggest that the UK is not the only country to consider Spain to be the ideal place to invest in property, as nearly one-in-ten of the country's residents are now originally from overseas.

Spain without pain - The promise of sun, sea and sangria is luring thousands of Brits to buy homes in Spain. Official statistics show 23,000 second homes were bought overseas in 2004 bringing the total to about 300,000. Spain now accounts for just over 100,000 of these. 'There are obvious reasons why Spain is so popular,' says the head of Halifax's European operations. 'The climate is ideal, the country openly welcomes English speakers and the emergence of low-cost flights has made travelling to Spain so cheap.'

Tourist tax to cut pollution - ... said. "Why give someone a tax break if they are flying down to Malaga but not if they are driving down to Exmouth or somewhere?". ...

Celebrations of faith in a sleepy, Spanish town - ... Santa Maria in Spain. The town is situated in the province of Cadiz in the southern area of Spain known as Andalucia. The area has ...

Andalucia K2 Expedition begins preparations in Islamabad - Andalucİa K2 expedition arrived to Islamabad, the capital of the Islamic Republic of Pakistan. They are staying in a hotel of the ...

Incentives on offer from a world of new destinations - But it is a matter of finding a spot that has the right combination of residents and foreigners. The Costa del Sol and the Costa Blanca are highly favoured. ...

Rogue brokers resurface overseas - ... The brokers said they worked for Goodman Hart Associates on Spain's Costa del Sol. They offered "pre-initial public offerings" of ...

Party Time as New Flights Take Off - ... The services to Paris, Nice and Malaga û with flights to Alicante starting tomorrow û could provide a major boost to the Northern Ireland tourism industry ...