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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 Rental Market Flexibility Law: Debtors’ Register

Via an amendment to the Rental Market Flexibility Law, the Public Works Ministry plans to set up a register of people who have been sentenced for breaching their obligation to pay rent. The idea behind the proposal is to increase the number of homes on the rental market by reassuring owners who might wish to let their properties but fear the possibility of an encounter with tenants who are conflictive or do not pay their dues.

Rental Register - Rental Market Flexibility Law: Debtors' RegisterThe government has suggested that the data on the register would be cleared after six years and that homeowners would only be able to consult the list when they are in the act of drawing up a rental contract.

A debtors’ register is a risky idea, one that sounds simple enough to set up but which in fact is hard to operate with accuracy. First off, there could be difficulties as regards the Data Protection Law unless the appropriate safeguards are introduced to make sure the information remains private and is not published elsewhere.

But the biggest threat in practical terms is that errors on the register are not corrected swiftly so that blameless individuals suffer the effects of doubts over their reputation when they attempt to rent an apartment or apply for a bank loan.
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Published on Leave a comment on Prices going up for the Spanish Market

Spanish property prices are rising with interest from second home owners 

"The price rises in certain parts of Spain is an encouraging sign for investors with locations such as the Costa Blanca, Costa Calida, Alicante and Murcia experiencing marked price increases.

Alicante, for instance, has experienced improvements in its infrastructure, seeing a second airport terminal open, which is always good news when it comes to attracting more visitors.

Spain3 - Prices going up for the Spanish Market

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