Spanish property sales, free listings

In the UK 1.5?million homeowners could have a mortgage greater than the value of their home, as property prices plunge.Negative equity is hanging over the heads of hundreds of thousands of homeowners who put down deposits of less than 20?pc during the boom years.
It is difficult to make exact estimates, but many agree a matching fall in house prices could leave between 1.02?million and 1.1?million homeowners in negative equity. The South West of England  is getting richer according to property figures released by Barclays Wealth. The report found the South West had the highest number of property sales worth more than £1m after London and the South East in 2010.

Last year there were 291 luxury property sales in the South West, which was more than double the number completed in the Midlands and North West.
Barclays Wealth said the luxury property market in the South West has fared well despite the downturn. In 2008, there were 269 property sales worth more than £1m in the region; however sales dipped in 2009 to 225 properties.
Improvements in the regional and national economy meant sales return in 2010, increasing to a three-year high of 291 properties. In addition, 35 properties worth more than £2m were sold in the region in the last year.

The out-look for the Spanish property market is looking increasingly positive as the Spanish economy slowly moves out of recession.The  re-opening of one of the country’s largest property funds. Santander opened its Santander Banif Inmobiliario property fund after a 2-year closure following the global property market crisis.
The €2.5 billion fund met the requirements to allow it to re-open on the 1st of March by raising 10% of the fund’s total assets through the successful sale of many of its properties. This is a very positive step for Spain’s property market which is now showing strong signs of recovery. If you are interested in buying or selling Spanish property visit our property portal with a wide range of properties in Europe

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Mallorrca’s tourism appeal, coupled with the fact a series of new flights to the Spanish island are being launched, is likely to have a positive effect on the region’s real estate, people hoping to find property in Balearic Islands may be interested to hear.

Both Jet.com and Thomas Cook are announcing new flight routes to Mallorca and both the rental market and second home market are likely to benefit from the increase in tourism.
Taylor Wimpey de Espana, said: “Mallorca offers year round sunshine, Blue Flag beaches and marinas, the relaxed Spanish way of life and a lower cost of living, just some of the reasons that people decide to buy a home on this stunning island.”

He added that additional flights to the island will be a boost for property owners as they will improve accessibility and “widen the goal posts for rental opportunities”.

Anyone interested in Spanish property was recently advised that now is a good time to hunt for some bargains, as there are a number of distressed and repossessed properties on the market.

Buy or sell your Spanish property online with my-spanish-property-sales.co.uk.
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