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Tag: Buyers

Published on Leave a comment on Russian buyers rank third in 2012 overseas in Spain

According to the latest “2012 Real Estate Registry Statistics Report”, released by the Official Real Estate Register Bureau, Russian buyers rank third position in number of properties acquired in 2012, shifting place with Germany which moves to fourth place.

Russian demand in our country starts just before the Real Estate bubble began in 2007 in Spain. From that date it has been steadily growing 135% with 1.008 units in 2007 to 2.399 in 2012.

Russian buyers - Russian buyers rank third in 2012 overseas in Spain

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Published on Leave a comment on Spain’s property market attracting a growing number of Scandinavians

There has been a large rise in the number of Scandinavian people buying new property in southern Spain, particularly the Costa del Sol.

Costa del Sol 300x187 - Spain's property market attracting a growing number of ScandinaviansOne leading house builder has seen a 311% increase in Scandinavian purchasers and they now account of a fifth of all buyers.

One reason is that the Scandinavian countries have in weathered the financial storm better than most and more potential buyers are able to invest in property.

The firm believes that the trend seems set to continue into 2013 with January sales figures already up 300% on those for the same month in 2012 and the cumulative February sales up 500%.

The interest from Scandinavian markets continues to boom as buyers take advantage of favourable exchange rates and reduced Spanish house prices to purchase their dream second home abroad.
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Published on Leave a comment on Chinese are drawn to Málaga by new promise of residency for buyers

At the moment it’s nothing more than a declaration of intention by the government.

costa del sol 300x145 - Chinese are drawn to Málaga by new promise of residency for buyersNevertheless, since the announcement of the plan, three weeks ago, to give residency to non-EU foreigners who buy a home in Spain for more than 160,000 euros, the stagnant property market on the Costa del Sol has started to move a little.

With around 15,000 new homes without buyers, a national property market paralysed by the crisis and Europe on a go-slow, estate agents see this new measure as their last chance to offload stock and to get things moving again.
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Published on 1 Comment on Spain to give legal residence to non-EU property buyers

There’s no such thing as an illegal immigrant with money. At least not in Spain thanks to the Government’s new strategy to revive the real estate market. The proposal is to change the immigration law to grant legal residence to non-EU citizens who buy a property in Spain for more than 160,000 euros.

casa 300x225 - Spain to give legal residence to non-EU property buyersSecretary of State for Commerce Jaime García-Legaz announced the project on Monday although later Prime Minister Rajoy stressed that as yet “no decision had been taken”.
There was an immediate response from other political parties, unions and immigrants’ associations, who described the plans as “strange” and “implausible”.

García-Legaz explained that the reform process would be set in motion within a few weeks and that he considered the 160,000 threshold to be “balanced” with respect to the government’s objectives.
“We can’t establish a lower price limit, because that would generate a massive demand for residence permits using a property as an excuse to get one,” he stressed.
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Published on Leave a comment on Feng Shui Used To Attract Asian Buyers to Spain

A Spanish developer has come up with a novel way of increasing property sales by building a new project with Chinese style buildings aimed specifically at Asian buyers.

feng shui bedroom 300x225 - Feng Shui Used To Attract Asian Buyers to SpainGrupo MAIN has unveiled its development of 22 homes in Fuenlabrada, an industrial suburb 17 miles south of Madrid, that is built in a Chinese style courtyard with pavilion, ponds and an entrance gate topped with a roof reminiscent of a Far Eastern temple.

‘The Chinese have a saying; crisis is synonymous with opportunity. We’re building for the Chinese because they are a very wealthy community in Spain and the rest of the world,’ explained Jose Parra, chief executive of the Spanish developer.

His company believes that expat Chinese will want to buy the homes designed using feng shui, a system designed to maximise positive energy flow. It has been known for Chinese buyers to reject a property on the advice of feng shui practitioners.
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