01.21.10
Posted in Canary Island property at 8:53 am by admin
The 55th issue of Freedom4sale magazine is out now. The January 2010 issue of the only specialist Canary Island property magazine can be ordered or downloaded from the freedom4sale.com web site.
As ever the magazine is a section for the islands of Lanzarote, Fuerteventura, Tenerife and Gran Canaria packed full of property for sale and rent.
Property articles include:
An estate agent focus on the Gran Canarian estate agency of Dream homes gives a full interview and insight into how they see the current and future market over there.
There is a case study following a couple buying a property in Costa Teguise. Find out how they got on and what they might do better next time.
A very interesting article on how to best negotiate the price of you new property. Save thousands in a few words.
‘What is cheap?’ – Find out how to spot a bargain property. What are the ingredients that go into making you new Canary Island home a cheap one.
There are the normal property sections of ‘Property News’ and ‘Hot Properties’ plus a new section called ‘Estate Agent News’. In the new section Canary Island Estate Agents keep us updated as to what they are up to and how the market is changing.
As ever there is loads of information to help you find and buy your dream home in the sun.
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11.10.09
Posted in Canary Island property at 12:36 pm by admin
Traditionally the two largest groups of overseas property investors in Europe were the British and Irish. These two groups are looking again for good returns on their money but investment styles have changed. Pre recession investment money was going to a whole host of emerging destinations across Europe. Places like Croatia and Bulgaria were at the forefront of the emerging markets.
Post recession people still bear the scars of the recent past and only want to invest in tried and tested destinations. Spain always received the bulk of property investment and it is here that investors are first returning to.
Investors are looking for a good return with a minimum of risk so are not keen to go back to high risk destinations.
Estate agents are quoting an average property price drop on pre to post recession prices of twenty five per cent. This is a very alluring figure to the shrewd investor. Many feel that resale prices cannot go any lower because of the base amounts owed on mortgages.
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Posted in Canary island news at 12:29 pm by admin
UK weather reports predicting a fantastic English summer started the era of the ‘Staycation’.
It was predicted that many Brits would be staying in the UK for their vacations this summer and enjoying the great weather. As usual the British weather decided not to co-operate and summer was a bit of a wash out.
Families that tried holidaying at home now want to have a real holiday with some sun involved. Due to this October bookings for overseas destinations have risen by 41 per cent.
Amongst the top five destinations for holidays from the UK were Tenerife and Lanzarote.
The Canaries have the best climate in Europe and probably the world. Tourists visiting these shores know that there money is well spent and the weather is pretty much guaranteed.
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Posted in Canary Island property at 12:10 pm by admin
The account for promoting and marketing the Canary Islands has been awarded to Manchester based advertising company PHD.
The media network company PHD North won the account from ‘Media Campaign’ in an open pitch process.
The campaign for promoting the Canary Islands holds a budget of £3 million.
The marketing account is for promotion work across fourteen European countries. These countries include Germany, Spain, Ireland, the Netherlands, Sweden, Norway, Denmark and Austria.
As with many holiday destinations throughout Europe during the recession the Canaries need all the marketing help they can get. It is hoped that the campaigns will be used to highlight many overlooked climactic and tourism season facts. Many potential tourists are still not aware of the wonderful year round climate available across the Canaries.
The managing director of PHD North, Jason Spencer, was quote as saying “Through using media more innovatively, we hope to showcase what the Canary Islands have to offer and grow visitors from the UK.”
This is very welcome news to all businesses especially those selling property in the Canary Islands
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10.07.09
Posted in Canary Island property at 10:21 am by admin
The latest issue of the Canary Island property magazine has just come out. Issue 53 is packed full of reputable estate agents selling some great deals. There is a full span of property related news and articles.
Topic covered are:-
Property news with stories discussing topics such as 80 per cent Spanish mortgage availability. Increasing UK property prices having a positive knock on effect for Canary Island prices. A reductions in bad loans. The general outlook is for a long awaited economic upturn.
We have a buyer case study following Dominic and Julies ten year love affair with Fuerteventura. They finally have a chance encounter with a great estate agent in Corralejo who shows them the perfect property and assists them all the way through to completions and beyond.
In these times of recession some new and more affordable ways have been found to buy property. Find out about some exciting new options to buy your dream home in the Canaries.
There is an estate agent focus on Freedom properties based in Playa Blanca, Lanzarote. They give some interesting insights into the local property market now and in the future.
When transferring your money overseas make sure you take time to look around for the best deal. The banks are tried and trusted but with a bit more effort you could save thousands of euros.
Finally there is a round up of some great property investments from other areas around the world.
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09.28.09
Posted in Gran Canaria news at 7:36 am by admin
Paradise Boulevard in Gran Canaria is currently lined by beautiful date palm trees. The trees have grown to such a size that they are encroaching on power lines and causing cuts in local electricity supplies. The 7,200 volts in the power lines kills the trees when they come into contact.
The city are having to look at a way of selling of the trees. The trees have been up for bids since early 2008 but little interest has been shown.
Recently a bidder has been found but it will take a year to replace the trees.
A company has come forward that will sell and deliver each tree one at a time if necessary and pay the government 500 euros per tree.
The main problem being that the trees will not be removed in order but randomly depending on each customers needs.
The Date Palm tress will be replaced with Foxtail Palm trees.
No better solution has been found as yet so it looks like a sporadic approach is the only option.
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Posted in Commercial property Spain at 3:58 am by admin
The Commercial Property section of Spain’s property market has an increasing share of the European market.
In absolute terms the market has shrunk, it is shrinking much less in Spain.
Investment activity came to 1.85 billion euros in the first half of 2009. It seems that investors and funds have noticed that their are some good investment opportunities in Spain. It should be noted that Spain had some of Europe’s biggest property deals in the first half of 2009, two of the nine transactions were for more than €200 million. Amongst the bigger deals was the acquisition by Orion Capital of the Plenilunio shopping centre in Madrid costing €235 million.
Since the market high point in mid-2007, the best yields in Spain have increased by between 200 and 225 basis points. In comparison there was a European average rise of 136 bps for the same period.
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Posted in Canary island news at 3:27 am by admin
According to a recently printed article the Canary Islands are attracting thousands of visitors from across Europe for their health care service.
Over the period of May to October in health centres across the Canaries over one million non residents are treated. The majority of this group are retired British and German nationals. The health care comes at a cost of 20 million euros.
British residents are drawn by the lack of queues and that smokers can still obtain treatments without having to first go on a give up smoking programme.
Visitors from Belgium and Holland come for dialysis treatment as their national health service does not cover this treatment.
Free health care is not only exclusive to EU citizens either; many users are from family members of Latin American immigrants living in Spain; once they obtain resident status they return to their own country to undergo an operation which they can then claim through the Spanish national health system.
During summer in Tenerife, in the municipalities of Adeje and Arona around 60% of their patients are foreigners who, after an initial consultation, go on to have surgery before returning home.
The most popular operations are hip or knee replacements, heart surgery or treatment for tumours.
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Posted in Canary island news at 2:59 am by admin
The Bank of Spain finally has some good new for the Spanish property market. For the first time since December 2006 the amount of bad loans on the market has finally dropped.
Confidence is still slow to return as market analysts have noted that interbank activity has remained subdued.
“A lot of aspects of the market are back to normal. But one thing is to look at levels and another is to look at the activity around the number and we see activity is still fairly subdued,” said Gianluca Salford, a strategist at JP Morgan in London.
“Banks are still in a deleveraging process and it’s not clear lending by the banks is the best use of their money at this point in time,” he said.
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09.25.09
Posted in Canary island news at 1:57 am by admin
A little optimism is returning to the UK property market. This will have a positive knock on effect for the property market in the Canary Islands.
Recent figures have shown that property prices in the UK are at a five year high. The figures were published by the ‘Land Registry office’ who are seen as a very reliable source of information in this field.
The report goes on to say that the increases in prices are especially market in London based property. House prices increased by 1.7% in July, this being the largest single increase since July 2004.
The land registry office were not alone in quoting this good news. In agreement with them are Savills who reported sales in the London area rising by 52% on the same period a year ago. Marking a three year high for them. The largest players being cash rich investors snapping up bargains.
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